The Conversation (0)
Mar. 12, 2012 08:09AM PST
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) intersected intersected 4.5 metres grading 16.08 g/t gold, 0.61 g/t platinum and 1.19 g/t palladium in the GT Zone filling in a 50 metre wide gap in its 75% owned Serra Pelada Gold-Platinum-Palladium Project in Pará, Brazil.
As quoted in the press release:
HIGHLIGHTS
• Follow-up auger drilling in the Elefante Area continues to delineate high grade gold in soils and saprolite with values of 7.81 g/t, 5.70 g/t and 18.00 g/t gold intersections within two metres from surface.
• SPD-132 intersected 4.5 metres grading 16.08 g/t gold, 0.61 g/t platinum and 1.19 g/t palladium in the GT Zone filling in a 50 metre wide gap.
• SPD-133 intersected 0.5 metres of 12.65 g/t gold and a separate 0.5 metres of 4.39 g/t gold in the upper limb zone, proving that this zone contains high-grade gold intervals and warrants further exploration.
• Drill results indicate that both the upper and lower limbs of the fold structure may be more important mineralization-bearing zones than previously believed.
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.