Thursday, September 3, 2009

Canadian Stock Research - Colossus Minerals Inc

Canadian Stock Research News Update:

"Colossus Minerals Drills 4.15 Metres @ 8.04 g/t Gold, 154.5 g/t Platinum and 245.8 g/t Palladium in Serra Pelada Western Mineralised Zone"

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2009) - Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to announce that the Company has successfully confirmed a new mineralized horizon called the Western Mineralised Zone ("WMZ") during its Phase II drilling program on the Serra Pelada Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.


- SPC-012 intersected
4.15 metres at 8.04 g/t gold, 154.5 g/t platinum and 245.8 g/t palladium,
2.0 metres at 14.05 g/t gold, 304.6 g/t platinum and 488.5 g/t palladium

- Ultra high-grades of platinum and palladium are hosted mainly by iron
oxide-rich breccias with associated siliceous and haematitic-argillic

- The Phase II drilling results indicate a shallowly dipping and plunging
mineralised zone (the Western Mineralised Zone) outside the Central
Mineralised Zone, along at least 50m strike length, open to the northeast,
southwest and laterally

This Canadian Stock Research news update comes courtesy of StockResearchPortal. To view the complete version of this news release visit Stock Research Portal