Colossus Minerals Announces Preliminary Resource Estimate

Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced a preliminary resource estimate for its 75% owned Serra Pelada gold-platinum-palladium Mine in Brazil.

As quoted in the press release:

TABLE 1 MINERAL RESOURCES – DECEMBER 20, 2013
Colossus Minerals Inc. – Serra Pelada Project

Category	Tonnes (000)	g/t Au	g/t Pt	g/t Pd	OZ Au (000)	Oz Pt (000)	Oz Pd (000)
Indicated	557	12.8	2.7	4	230	48	71
Inferred	88	8.6	1.7	2.5	24	5	7

Notes:

1. CIM definitions were followed for Mineral Resources.
2. Mineral Resources are estimated at a cut-off grade of 5 g/t Au. Some blocks less than cut-off grade are included to maintain continuity in areas of Indicated Mineral Resources.
3. High assays are capped at 150 g/t gold, 100 g/t platinum and 100 g/t palladium.
4. Mineral Resources are estimated using a long-term gold price of US$1,500 per ounce, and a US$/C$ exchange rate of 1:1.
5. A minimum mining width of 3 m was used.
6. Bulk density is 2.3 t/m3 for the hinge zone and 2.5 t/m3 for the top and bottom limb zones.
7. Numbers may not add due to rounding.

Click here to read the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) press release
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