Colossus Minerals Inc TSX:CSI announced assays from its Serra Pelada Project in Para State, Brazil. Results include 1,494.7 g/t gold, 516.6 g/t platinum and 558.9 g/t palladium over 7.3 metres (including 4,631.7 g/t gold, 1,600 g/t platinum and 1730 g/t palladium over 2.4 metres), 37.39 g/t gold, 2.75 g/t platinum and 3.56 g/t palladium over 4.4 metres, 3.02 g/t gold over 5.1 metres, 24.9 g/t gold over 0.7 metres, and 36 g/t gold and 11.5 g/t platinum over 1.2 metres.
CEO Ari Sussman stated, “Drilling such high-grade gold, platinum and palladium approximately 700 metres down plunge from the outcrop of the Central Mineralized Zone in the historic Serra Pelada pit continues to demonstrate the robustness of this mineralized system. We wait with great anticipation for early 2012 when construction of the underground decline advances to the point that enables the company to see the Central Mineralized Zone first hand and extract the first of three 2,500 tonne bulk samples from it.”
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by Ted Niles