Colossus Minerals Intersects Gold Two Metres from Surface at Serra Pelada

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) intersected 7.81 g/t, 5.70 g/t and 18.00 g/t gold within two metres from surface on the CMZ and GT Zone of its 75% owned Serra Pelada Gold-Platinum-Palladium Project in Pará, Brazil.

As quoted in the press release:

HIGHLIGHTS:

• Follow-up auger drilling in the Elefante Area continues to delineate high grade gold in soils and saprolite with values of 7.81 g/t, 5.70 g/t and 18.00 g/t gold intersections within two metres from surface.
• SPD-132 intersected 4.5 metres grading 16.08 g/t gold, 0.61 g/t platinum and 1.19 g/t palladium in the GT Zone filling in a 50 metre wide gap.
• SPD-133 intersected 0.5 metres of 12.65 g/t gold and a separate 0.5 metres of 4.39 g/t gold in the upper limb zone, proving that this zone contains high-grade gold intervals and warrants further exploration.
• Drill results indicate that both the upper and lower limbs of the fold structure may be more important mineralization-bearing zones than previously believed.

Colossus President & CEO, Claudio Mancuso, said:

“The auger results continue to expand the potential of the Elefante Area. The high grade intercepts in soils close to surface could have immediate economic potential while the gold encountered in bedrock bodes well for our planned drill program on the Elefante Area.” Commenting further Mr. Mancuso said, “The drill results on the GT Zone and CMZ expand our knowledge of the upper and lower limbs indicating their potential to host additional mineralization. The GT Zone intercepts continue to suggest additional potential for this zone to expand down-plunge and along strike. We also continue to infill drill the CMZ in preparation for a bulk sample later this year.”

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