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.
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.”
Click here to read the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) press release
Click here to see the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) profile.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1822.48 | +2.00 | |
Silver | 20.82 | +0.02 | |
Copper | 4.13 | +0.03 | |
Palladium | 1952.00 | +19.00 | |
Platinum | 954.11 | +7.11 | |
Oil | 106.95 | +0.82 | |
Heating Oil | 3.77 | +0.03 | |
Natural Gas | 7.72 | -0.02 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.