Tuesday 25th October 2016

Resource Clips

Colossus reports Brazil Assays of 19.59 g/t Gold, 1.6 g/t Platinum, 3.26 Palladium over 4.2m

Resource Clips - essential news on junior gold mining and junior silver miningColossus Minerals Inc TSX:CSI announced results from the Elefante area of its Serra Pelada project in Pará State, Brazil. Assays include

4.63 g/t gold over 2 metres
16.08 g/t gold, 0.61 g/t platinum and 1.19 g/t palladium over 4.5 metres
(including 78.07 g/t gold, 2.63 g/t platinum and 5.21 g/t palladium over 0.9 metres)
19.59 g/t gold, 1.6 g/t platinum and 3.26 g/t palladium over 4.2 metres
(including 112.58 g/t gold, 6.21 g/t platinum and 9.76 g/t palladium over 0.5 metres)
11.87 g/t gold over 5.6 metres (including 88.65 g/t gold over 0.6 metres)
3.14 g/t gold, 1.67 g/t platinum and 3.07 g/t palladium over 5.2 metres
4.6 g/t gold over 5.3 metres
10.61 g/t gold, 2.07 g/t platinum and 3.26 g/t palladium over 2.4 metres
2.14 g/t gold, 0.76 g/t platinum and 4.45 g/t palladium over 6.4 metres

President/CEO Claudio Mancuso commented, “The auger results continue to expand the potential of the Elefante Area. The high-grade intercepts in soils close to surface could have immediate economic potential while the gold encountered in bedrock bodes well for our planned drill program on the Elefante Area. The drill results on the GT Zone and CMZ expand our knowledge of the upper and lower limbs indicating their potential to host additional mineralization. The GT Zone intercepts continue to suggest additional potential for this zone to expand down-plunge and along strike. We also continue to infill drill the CMZ in preparation for a bulk sample later this year.”

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Ann Wilkinson
VP Investor Relations

by Ted Niles

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