Colossus Minerals Inc. Releases Assay Results From Serra Pelada Gold-Platinum-Palladium Mine

 Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced assay results from drilling programs at the Serra Pelada Gold-Platinum-Palladium Mine in Brazil, which is a joint venture between the Company and Cooperativa de Mineração dos Garimpeiros de Serra Pelada. Hole SPD-182 intersected 3.40 metres grading 13.28 g/t gold, hole SPD-184 intersected 26.65 metres grading 5.10 g/t gold, and hole SPUD-018 intersected 3.60 metres grading 24.37 g/t gold.

As quoted in the press release:

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

Colossus Minerals Inc. CEO, Claudio Mancuso said:

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.

Click here to read the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) press release

See this press release on Marketwire
Click here to see the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) profile

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Nexus-Gold-Big-e1418932141286

Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

Connect here and don't miss their next catalyst!

Learn More
Comments

Leave a Reply