Sunday 23rd October 2016

Resource Clips

Colossus reports Brazil Assays of 59.66 g/t Gold, 70.68 g/t Platinum over 6.9m

Colossus Minerals Inc TSX:CSI announced assays from its Serra Pelada Gold-Platinum-Palladium Project in Para State, Brazil. Highlights include 63.83 g/t gold, 3.37 g/t platinum and 3.92 g/t palladium over 1.8 metres, 59.66 g/t gold, 70.68 g/t platinum and 45.95 g/t palladium over 6.9 metres, and 136.43 g/t gold, 294.2 g/t platinum and 121.4 g/t palladium over 7.81 metres.

VP Exploration Vic Wall stated, “After focusing on condemnation drilling and other activities to support development, we have launched a 25,000-metre surface drill program to develop the resource and realize the potential of the Serra Pelada gold-PGE Project. Five drill rigs are now operational and additional high capacity rigs will be added in the coming months. We are particularly excited by the intersection of very high-grade gold-PGE subzones in the CMZ extensions and are following up on these and stepping-out further on the CMZ. The prospects of the conjunction of the GT and Western zones are looking good and we look forward to further extensions and discoveries of mineralized zones in the Serra Pelada Joint Venture’s expanded land package.”

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Ann Candelario
VP Investor Relations

by Ted Niles

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