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Apr. 25, 2012 09:16AM PST
Colossus Minerals Inc.(TSX:CSI) announced the latest assay results from its 15,000 metre surface drill program at Serra Pelada. The Company is happy to report that it continues to expand upper limb mineralization at the project.
Colossus Minerals Inc.(TSX:CSI) announced the latest assay results from its 15,000 metre surface drill program at Serra Pelada. The Company is happy to report that it continues to expand upper limb mineralization at the project.
Highlights include:
SPD-142 intersected 9.8 metres at 109.89 g/t gold, 0.75 g/t platinum and 15.51 g/t palladium including 0.80 metres at 1,336.13 g/t gold, 8.46 g/t platinum and 188.14 g/t palladium. The hole was an up-plunge step out and is located only 120 metres west from the historic Serra Pelada pit indicating the potential for additional high-grade mineralization along the GT Zone parallel to the pit.
SPD-149 intersected 11.54g/t Au, 2.04 g/t Pt and 2.61 g/t Pd over 3.8 metres. This hole filled an 80 metre gap in the GT Zone.
Colossus, President and CEO, Claudio Mancuso, said:
We are now confident that the GT Zone has the potential to become a much more meaningful part of the overall mineralization at Serra Pelada. The results also confirm the mineral potential of the upper limb which we will continue to test with systematic drilling. We are looking forward to continued flow of assay results from drilling as we step out up-plunge along strike.
Click here to read the Colossus Minerals Inc. (TSX:CSI) press release
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