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
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