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CGMX Cigma Metals Corp. featured news, full reports, and detailed charts

Cigma Metals Corp. (CGMX/CGMX.PK) Wrap Up:

Cigma Metals Corporation, a mineral exploration company, focuses on the exploration and development of base metals, precious metals, and industrial minerals in the Russian Federation and Kazakhstan. It owns interests in the Haldeevskaya exploration license that covers an area of 576 square kilometers and is located approximately 16 kilometers northeast from Tomsk; the Tugojakovsk exploration license covering an area of 164 square kilometers and is located 25 kilometers southeast from the regional centre of Tomsk; and the Dostyk property that covers an area of 14,000 square kilometers in northern Kazakhstan. The company, formerly known as Cigma Ventures Corporation, was founded in 1989 and ch...
www.cigmametals.com
2 Employees
Founded in 1989

Cigma Metals Corp (CGMX:OTC)

Market Cap
18.9M
Total Revenue
--
EBITDA
--
DILUTED EPS TTM
-0.04
P/E
--
P/S
--
Return On Asset
-54.01
Return On Equity
-86.30
K = Thousands  M = Millions  B = Billions

CGMX Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments for Cigma Metals Corp (CGMX)

Cigma Metals Corp. Dismisses Dale, Matheson, Carr-Hilton and Engages Peterson Sullivan LLP as its New Independent Registered Accounting Firm

On September 10, 2009, Cigma Metals Corp. dismissed Dale, Matheson, Carr-Hilton as its independent registered public accounting firm. The company engaged Peterson Sullivan LLP as its new independent registered public accounting firm as of September 10, 2009.

Augustus Receives Request for settlement Extension from Cigma

Augustus Minerals has received a request from Cigma Metals Corp. for an extension to settlement terms on the Dostyk project previously agreed and announced to the ASX on 29th December 2008. Under the terms of this revised agreement, Cigma was due to make a final payment of $1.015 million on March 31, 2009. Negotiations in respect of an extension of this final payment are ongoing and an announcement will be made in this regard in the near future.

Cigma Metals Corporation Announces Maiden Resources of 288,886 Ounces of Gold at Berezki East Gold Deposit in Kazakhstan

Cigma Metals Corp. announced a maiden Inferred Resource for Berezki East prospect in Kazakhstan. HIGHLIGHTS Berezki East Deposit is a part of large-scale gold-copper-porphyry mineralization system. Berezki East Deposit ore resources of 18.6 million tonnes grading at 0.48 g/t for 288,886 oz of contained gold, 1.06 g/t for 636,316 oz of contained silver, 0.1% for 15,835 tonnes of contained copper, During 2008, the Company completed 12 diamond drill holes (DDH) for a total of 3,950 meters with an average drill hole depth of 330 meters. Drilling program targeted the outer zone of a large gold-copper porphyry system. The drilling confirmed over 420 meters of continuity for the mineralization zone along strike with an average width of approximately 50 meters and reaching 80 meters in places (Figure 3). It has been traced down to a depth of 350 meters and remains open both on strike and depth. The oxidation zone extends from surface down to 40 meters and could be suitable for free-milling heap-leach gold-silver-copper extraction.

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More Recent News About Cigma Metals Corp.

More news for CGMX

Cigma Metals Corporation Is Pleased to Announce Very Encouraging Results of Metallurgical Tests for Its Beskauga Deposit in the Republic of Kazakhstan

ALMATY, KAZAKHSTAN--(Marketwire - 11/09/09) - Cigma Metals Corporation (the "Company," "Cigma") (Pinksheets:CGMX - News) (Frankfurt:C9KA - News) is pleased to announce very encouraging results of metallurgical tests for its Beskauga deposit in the Republic of Kazakhstan. Key points� -- Flotation test produces impressive copper-gold recovery of 91.52% & 67.20% respectively -- Copper grade in concentrate responds to a commercial copper flotation concentrate -- Second round of tests is underway to achieve molybdenum recovery A 129 kg sample was collected from fresh diamond drill core from ten drill holes from between 42 and 310m below surface. The sample underwent a comprehensive flotation test for recovery of gold, copper and silver to validate the viability of flotation methods for Beskauga ore.The results include-� Product Yield Grade Recovery % -------- -------------------------- -------------------------- % Cu, % Au, g/t Ag, g/t Cu Au Ag -------- -------- -------- -------- -------- -------- -------- Concentrate 1.26 19.50 25.80 123.40 ...
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Cigma Metals Corporation Announces the Completion of a Maiden Inferred Resource Estimate on Three Major Prospects, Beskauga, Quartzite Gorka and Berezki East of the Dostyk Project in Kazakhstan: 3,022,066 Ounces Gold and 427,564 Tonnes Copp

ALMATY, KAZAKHSTAN--(Marketwire - 08/14/09) - Cigma Metals Corporation (the "Company," "Cigma") (Pinksheets:CGMX - News) (Frankfurt:C9KA - News) is pleased to announce the completion of a maiden Inferred resource estimate on three major prospects, Beskauga, Quartzite Gorka and Berezki East of the Dostyk project in Kazakhstan: 3,022,066 ounces gold and 427,564 tonnes copper with credits for silver and molybdenum. Beskauga, Quartzite Gorka and Berezki East are three out of ten prospects situated on the Dostyk License of 2,776 sq km.Cigma carried out an intensive exploration drilling program during 2007 & 2008 (Table 1). The drilling campaign on all project areas was intended to explore continuity for the mineralization zone along strike and dip and resulted in new findings. The Company is very encouraged by drill results and believes that all prospects have great potentials.� Table 1: Summary of 2007-2008 Drilling Program Diamond Drill Total Meters Prospect Holes Drilled Drilled -------------- -------------- Berezki East 12 3,945 Beskauga 22 6,04...
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Cigma Metals Corporation Announces Maiden Resources of 288,886 Ounces of Gold at Berezki East Gold Deposit in Kazakhstan

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Mar 30, 2009 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce a maiden Inferred Resource for Berezki East prospect in Kazakhstan. HIGHLIGHTS  -- Berezki East Deposit is a part of large-scale gold-copper-porphyry mineralization system -- Berezki East Deposit ore resources of 18.6 million tonnes grading at -- 0.48 g/t for 288,886 oz of contained gold -- 1.06 g/t for 636,316 oz of contained silver -- 0.1% for 15,835 tonnes of contained copper -- Deposit remains open along strike and at depth - aggressive exploration campaign continuesDuring 2008, the Company completed 12 diamond drill holes (DDH) for a total of 3,950 meters with an average drill hole depth of 330 meters. The drilling program targeted the outer zone of a large gold-copper porphyry system. The drilling confirmed over 420 meters of continuity for the mineralization zone along strike with an average width of approximately 50 meters and reaching 80 meters in places (Figure 3). It has been traced down to a depth of 350 meters and remains open both on strike and dept...
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Cigma Metals Corporation Announces Maiden Resources of 619,000 Ounces of Gold Equiv at the Quartzite Gorka Gold-Copper Deposit, Kazakhstan

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Mar 19, 2009 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce a maiden Inferred Resource for the Quartzite Gorka prospect in Kazakhstan.  HIGHLIGHTS -- Quartzite Gorka Deposit is a part of large-scale gold-copper-porphyry mineralization system -- Quartzite Gorka Deposit resources of 32.11 million tonnes grading at 0.6g/t gold equivalent based on current prices for 619,000 ounces of gold or -- 0.34 g/t for 352,536 oz of contained gold -- 3.398 g/t for 3,508,898 oz of contained silver -- 0.13% for 43,245 tonnes of contained copper -- Deposit remains open along strike and at depth - aggressive exploration campaign continuesDuring 2008 the Company completed 20 Diamond Drill Holes (DDH) for a total of 5,300 meters with an average drill hole depth of 270 meters. The drilling program was intended to explore both the lateral and vertical extension of the gold-copper mineralization controlled by north-west trending zone of hydrothermal alteration. The drilling confirmed over the 750 meters continuity of the mineralization along strike with an average width of approximately 50-70m. The gold-copper zone remains open both to south-east and to nor...
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Cigma Metals Corporation Announces Maiden Resources of 4,879,630 Ounces of Gold Equivalent at Beskauga Gold-Copper-Molybdenum Deposit, Kazakhstan

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Mar 9, 2009 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce a maiden Inferred Resource for the Beskauga gold-copper-molybdenum prospect in Kazakhstan. HIGHLIGHTS  -- Beskauga Deposit is a large-scale gold-copper-porphyry mineralization system -- Beskauga Deposit resources of 217.01Mt grading at 0.7g/t gold equivalent based on current prices for 4,879,630 ounces of gold or -- 0.34g/t for 2,380,644 oz of contained gold -- 0.17% for 368,485 tonnes of contained copper -- 1.482g/t for 10,342,519 oz of contained silver -- 0.0141% for 30,599 tonnes of contained molybdenum -- Deposit remains open along strike and at depth - aggressive exploration campaign continuesDuring 2008 the Company completed 16 diamond drill holes (DDH) for a total of 4,715 meters with an average drill hole depth of 295 meters. The drilling program targeted large geochemical anomalies of gold, copper and molybdenum obtained by previous exploration. The drilling led to a discovery of two large mineralization zones within an aureole of hydrotherm...
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Cigma Metals Corporation Announces the Results of the 2008 Drilling Program on the Berezki East Deposit, Dostyk Gold-Copper Project in Kazakhstan

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Feb 11, 2009 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce the results of the 2008 drilling program at the Berezki East deposit in Kazakhstan. HIGHLIGHTS  -- Dostyk Project -- close resemblance to world-class gold-copper deposits -- Berezki East Deposit is a part of a large gold-copper-porphyry system -- Deposit remains open along strike and at depth -- Best results - 112m at 1.61g/t gold equivalent from surface in drill hole Bz6, including 17.2m at 4.8g/t gold equivalent - 80m at 0.8g/t gold equivalent from surface in drill hole Bz9, including 22.5m at 1.85g/t gold equivalent - 136m at 1.15g/t gold equivalent from 30m in drill hole Bz14, including 52m at 2.6g/t gold equivalentDuring 2008 the Company has completed 12 diamond drill holes (DDH) for a total of 3,950 meters with an average drill hole depth of 330 meters. The drilling program was targeting outer zone of large gold-copper porphyry system. The drilling confirmed over 420 meters of continuity for the mineralization zone along strike with an average width of approximately 50 meters ...
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Cigma Metals Corporation Announces the Results of the 2008 Drilling Program on the Beskauga Deposit, Dostyk Gold-Copper Project in Kazakhstan

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Jan 19, 2009 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce the results of the 2008 drilling program at the Beskauga prospect in Kazakhstan.  HIGHLIGHTS -- Dostyk Project - close resemblance to world-class gold-copper deposits -- Beskauga Deposit is a large-scale gold-copper-porphyry mineralization system -- Deposit remains open along strike and at depth -- Best results - 193.4m at 1.6g/t gold equivalent from in-drill hole Bg3, including 66.7m at 2.52g/t gold equiv - 263.9m at 0.9g/t gold equiv from in-drill hole Bg1, including 71.9m at 1.08g/t gold equiv - 282m at 0.9g/t gold equiv from 37.1m in-drill hole Bg16, including 52.8m at 1.08g/t gold equivDuring 2008 the Company completed 16 diamond drill holes (DDH) for a total of 4,715 meters of drilling with an average drill hole depth of 295 meters. The drilling program was targeting large geochemical anomalies of gold, copper and molybdenum obtained by previous exploration. The drilling led to the discovery of two large mineralization zones within aureole of hydrothermal alteration on area over 7 km2. The drilling confirmed over 2,000 meters of inter...
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Cigma Metals Corporation Announces the Results of 2008 Drilling Program on the Quartzite Gorka Prospect, Dostyk Gold-Copper Project in Kazakhstan

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Dec 17, 2008 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce the results of 2008 drilling program at the Quartzite Gorka prospect in Kazakhstan. HIGHLIGHTS  -- Dostyk Project -- close resemblance to world class gold-copper deposits -- Quartzite Gorka Deposit is a part of large-scale gold-copper-porphyry mineralization system -- Deposit remains open along strike and at depth -- Best results - 119m at 1.0g/t gold equiv from 38m in drill hole Q19 - 143.6m at 1.75g/t gold equiv from 102m in drill hole Q10 - 78m at 1.46g/t gold equiv from 85m in drill hole Q1 - 101.4m at 0.85g/t gold equiv from 212m in drill hole Q4From a total of 29,000 meters drilled during the 2008 season in Dostyk, the Company has completed 20 Diamond Drill Holes (DDH) for a total of 5,300 meters with an average drill hole depth of 270 meters in Quartzite Gorka prospect. The drilling program was intended to explore both the lateral and vertical extension of the gold-copper mineralization controlled by north-west trend...
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