Palladium

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

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

CategoryTonnes (000)g/t Aug/t Ptg/t PdOZ Au (000)Oz Pt (000)Oz Pd (000)
Indicated55712.82.742304871
Inferred888.61.72.52457

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
Click here to see the Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) profile.

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Gold1809.91-0.13
Silver19.89+0.03
Copper3.61-0.10
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