Colossus Minerals Inc. (TSX:CSI,OTCWX:COLUF) provided a development update for its 75% owned Serra Pelada gold-platinum-palladium Mine along with its financial results for the interim periods ended September 30, 2013. As of November 14, 2013, the Company had completed approximately 2,300 metres of total development on Serra Pelada.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) announced that John S. M. Turner has resigned from the board of directors for personal reasons.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) appointed David Massola as its Chief Financial Officer and Executive Vice President, effective October 21, 2013.
Rockland Minerals Corp. (TSXV:RL) announced that its Terrier Lake Cu-Ni-PGM claims, located on-trend with Blue Lake, is showing the potential for mineralization expansion. This has been found through the Company’s ongoing compilation of proprietary historical data in the Labrador Trough, Québec.
Pro-Or Inc. (TSXV:POI) appointed Euro Pacific Canada Inc. as lead Agent in what is now a brokered private placement. The size of the offering has been reduced from the previously announced amount of $2,300,000 to $2,295,000.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) provided a development update for its 75% owned Serra Pelada Mine, which is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada, located in Brazil. The Company is on track with its dewatering program expansion, underground development has progressed according to plan, the Company plans to continue the decline development to have multiple access drives ready for mining in 2014, and the first phase of ventilation expansion is complete.
Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF) reported the first results from the 2013 field program at its Wellgreen PGM-Ni-Cu project, in the Yukon. The Company has identified a significant, newly interpreted area of mineralization towards the eastern end of the deposit that included 353 metres of continuous mineralization grading 2.62 g/t platinum equivalent (“Pt Eq.”)1, comprised of 0.93 g/t 3E PGMs (Pt+Pd+Au), 0.31% Ni and 0.33% Cu.
Pro-Or Inc. (TSXV:POI) completed the processing of multiple batches for a total of 600 kg of ceramic catalytic converters at its demonstration plant in St-Augustin during the summer. In June 2013, a prefeasibility study estimated operating costs at $13.50/kg of processed material, including refining charges.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) is to present at the Bank of America Merrill Lynch 19th Annual Canada Mining Conference. The conference is going to be held on September 12 and 13, 2013 at the Sheraton Center Hotel, in Toronto.
Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF) reported its annual audited consolidated financial statements for the twelve month period ended March 31, 2013 and the related annual Management’s Discussion and Analysis. The Company also provided an update on its Wellgreen PGM-Nickel-Copper project in the Yukon Territory and its Shakespeare PGM-Nickel-Copper project in Ontario. Highlights include the results of a Preliminary Economic Assessment (PEA) on its Wellgreen project, the addition of its Shakespeare property through the acquisition of Ursa Major Minerals Inc., and the Company raising approximately $11.5 million in equity financing.