Colossus Minerals Discovers Two New Mineralised Zones

- June 24th, 2010

Colossus Minerals reports results of  further diamond drilling on the Serra Pelada gold-platinum-palladium project, Brazil.
Four geotechnical diamond drill holes in Colossus’ Phase II drilling program, were cored for a total of 1,203 metres. SPGT-003 and SPGT-004 were focused on the Central Mineralised Zone (“CMZ”), which overprints metasediments occupying the hinge and inner limbs of a northwest-facing, southwest-plunging, […]

Colossus Minerals reports results of  further diamond drilling on the Serra Pelada gold-platinum-palladium project, Brazil.

Four geotechnical diamond drill holes in Colossus’ Phase II drilling program, were cored for a total of 1,203 metres. SPGT-003 and SPGT-004 were focused on the Central Mineralised Zone (”CMZ”), which overprints metasediments occupying the hinge and inner limbs of a northwest-facing, southwest-plunging, reclined synclinorium that plunges gently southwest from the historical open pit.

Colossus Minerals’ VP Exploration, Vic Wall says:

“The assay results from the geotechnical drill-holes were particularly pleasing with the discovery of two new mineralised zones west of the Central Mineralised Zone at Serra Pelada. Drilling within the CMZ has continued to demonstrate the continuity of high-grade gold-platinum-palladium mineralisation and step-outs have added materially to the mineralised envelopes particularly in the southwest of the Mining Permit, near the Joint Venture’s newly acquired ground. We are following up with further drilling aimed at the newly discovered zones and in southerly parts of the Mining Permit.”

For complete news release, click here.

For Colossus Minerals’ company profile, click here.

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