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Colossus Minerals Inc. (TSE:CSI) reports additional assay results from the 25,000 metre surface drilling program at its Serra Pelada gold-platinum-palladium project.
The press release is quoted as saying:
The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Para, Brazil.
HIGHLIGHTS
- SPD-113 intersected several ultra high-grade subzones within a continuously mineralized intercept of 74.40 metres at 31.17 g/t gold, 3.02 g/t platinum and 6.78 g/t palladium in the Central Mineralized Zone (“CMZ”). These results confirm the continuity of and extend the high-grade CMZ in the first area to be underground bulk sampled in 2012.
- SPD-115 intersected 11.65 metres at 57.28 g/t gold, 6.58 g/t platinum and 7.66 g/t palladium. This drill hole is the initial 25 metre step-out to the southwest targeting the extensions of SPD-095 (7.81 metres at 136.43 g/t gold, 294.20 g/t platinum and 121.40 g/t palladium). A second drill hole on this section will commence shortly targeting ultra high-grade mineralization encountered in drill hole SPD-099 (7.30 metres at 1494.7 g/t gold, 516.6 g/t platinum and 558.9 g/t palladium).
Colossus’s President and CEO, Ari Sussman says:
“We are finally starting to see improved productivity in diamond drilling pace after changes we implemented over the summer period.” “The exploration focus for the balance of 2011 is going to be step-out drilling on the CMZ, follow up drilling on the ultra high-grade zone encountered in SPD-095, SPD-099 and SPD-115, and drilling of new targets outlined by extensive radiometrics and geochemical programs. We will announce further details in the coming weeks once all results are received and interpreted.”
Click here to access the entire news release.
Click here to access Colossus’s company profile.(TSX:CSI)