No, The CO1U is a USB microphone (USB Device) and will only work with computers (USB host). The USB port on the Fast Track is a USB device port for transferring recordings to a computer.
The uses of Samson CO1U microphone are more to the technical and professional purpose. It is a USB Studio Condenser Microphone with no extra gear needed, with 16 byte resolution and smooth flat frequency response.
The Samson C01U is a USB microphone and cannot be used with the G12. It needs to be plugged into a computer. The Canon G12 does not have a microphone jack, so you'll need a separate audio recorder if you want to use an external microphone.
Samson C01U is a Condensor USB Microphone product. It is the music industry's first USB studio condensor mic. It plugs into any computer with a USB port. This product also has Cardioid pickup pattern and a heavy gauge mesh grill.
The Samson CO1U and CO3U pick up where the previously-reviewed C1U leaves off are the best models.