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.

HIGHLIGHTS

- SPC-012 intersected
 4.15 metres at 8.04 g/t gold, 154.5 g/t platinum and 245.8 g/t palladium,
 including
 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
 alteration

- 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