The Conversation (0)
Colossus Minerals Inc. (TSE:CSI) reports additional high-grade mineralization in initial results from a new 25,000 metre surface drill program at the Serra Pelada gold-platinum-palladium project, Para State, Brazil.
The press release is quoted as saying:
Gold-platinum-palladium mineralization at Serra Pelada overprints metasediments occupying the hinge and limbs of a northwest-facing, southwest-plunging, reclined synclinorium that plunges gently southwest from the historical open pit.
Colossus’s VP Exploration, Vic Wall says:
“After focusing on condemnation drilling and other activities to support development, we have launched a 25,000 metre surface drill program to develop the resource and realize the potential of the Serra Pelada gold-PGE Project. Five drill rigs are now operational and additional high capacity rigs will be added in the coming months. We are particularly excited by the intersection of very high-grade gold-PGE subzones in the CMZ extensions and are following up on these and stepping out further on the CMZ. The prospects of the conjunction of the GT and Western zones are looking good and we look forward to further extensions and discoveries of mineralized zones in the Serra Pelada Joint Venture’s expanded land package.”
Click here to access the entire news release.