Colossus Minerals Reports Metallurgical Test-Work Results on Serra Pelada

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) reports that based on all metallurgical results achieved to date, combined gravity and flotation process in a plant should recover between 92%-96% gold, 74%-78% platinum and 67%-71% palladium at the 75% owned Serra Pelada Gold-Platinum-Palladium Project in Para, Brazil.

As quoted in the press release:

Highlights:
• Previously disclosed gravity test-work achieved recovery rates for gold between 77% and 88%, with recoveries from SPD-113 ranging between 77% and 80% (please refer to news release of December 5, 2011), with indicated platinum and palladium recoveries as presented in detail below.
• Flotation testing of the composite gravity tails sample achieved recovery rates of 77%, 78%, and 69% for the remaining gold, platinum and palladium respectively.
• The significant metallurgical flotation achievement for PGM’s uses a readily available, conventional and low cost combination of reagents.
• The flotation concentrate was produced after only six minutes of flotation and is free of deleterious elements.
• Based on all metallurgical results achieved to date, Colossus expects that a combined gravity and flotation process in a plant should recover between 92%-96% gold, 74%-78% platinum and 67%-71% palladium.

Colossus President & Chief Executive Officer, Claudio Mancuso, said:

“The metallurgical recoveries for PGM’s have exceeded our expectations, especially given that drill hole SPD-113 exhibits lower PGM grades than other drill holes at Serra Pelada. More importantly, the PGM’s were recovered using a simple flotation process and conventional flotation reagents, which resulted in a much quicker than expected flotation time.”

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