The Prospector News

Colossus Minerals Reports Results from Diamond Drilling Programs at Serra Pelada

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Colossus Minerals Reports Results from Diamond Drilling Programs at Serra Pelada

 

 

 

 

Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) announces assay results from surface and underground drilling programs on its 75% owned Serra Pelada gold-platinum-palladium Mine. The Serra Pelada Mine is a joint venture between Colossus and Cooperativa de Mineracao dos Garimpeiros de Serra Pelada (“COOMIGASP”) located in the State of Para, Brazil.

 
HIGHLIGHTS

 

 

 

—  SPD-182 intersected 3.40 metres grading 13.28 g/t gold, 0.02 g/t

platinum and 0.06 g/t palladium increasing the width of the CMZ in this

location

 

 

—  SPD-184 intersected 26.65 metres grading 5.10 g/t gold, 11.22 g/t

platinum and 9.42 g/t palladium also increasing the width of the CMZ in

this location

 

 

—  Underground drilling encounters more high grade with hole SPUD-018

intersecting 3.60 metres grading 24.37 g/t gold, 0.28 g/t platinum and

0.88 g/t palladium

 

 

 

Claudio Mancuso, CEO of Colossus commented, “We are pleased that despite poorer than anticipated drill performance, the results demonstrate localized increases in the width of the CMZ. We are further pleased to be able to establish more effective drilling stations closer to the CMZ, which will increase the pace of delineation drilling and assist with mine planning.”

 

DETAILS

 

Results from the surface and underground drilling programs at Serra Pelada can be found in Table 1 below and the drill hole collar locations as well as hole traces for holes mentioned in this news release can be seen in Figure 1 below.

 
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/csi228-F1.pdf.

 

Posted March 1, 2013

Share this news article

MORE or "UNCATEGORIZED"


GT Gold Announces Closing of Final Tranche of Previously Announced Private Placement

GT GoldCorp.(TSX-V: GTT) (OTCQX: GTGDF) is plea... READ MORE

December 4, 2020

Pretivm to Divest Snowfield Property to Seabridge Gold for Cash Consideration of US$100 Million, a 1.5% Royalty and Contingent Consideration

Pretium Resources Inc. (TSX:PVG) (NYSE: PVG) announces that it, a... READ MORE

December 4, 2020

Marimaca Copper Closes C$28.98 Million Overnight Marketed Equity Financing and Clarifies Disclosure

Marimaca Copper Corp. (TSX: MARI)is pleased to announce tha... READ MORE

December 3, 2020

Gold Plus Mining Enters Into LOI to Acquire the “Vault” Epithermal Gold Project

GOLD PLUS MINING INC. (CSE :GPMI)(OTC: GPMNF)(F... READ MORE

December 3, 2020

Newrange Discovers New Gold Zone at Pamlico Project with Implications for Porphyry-Related Mineralization

Newrange Gold Corp. (TSX-V: NRG) (US: NRGOF) (Frankfurt: X6C) is ... READ MORE

December 3, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions