Colossus Minerals Encounters Massive Drill Results at Brazil’s Historic Serra Pelada Mine
Stockhouse reports that Colossus (TSE:CSI) has found high-grade mineralization at the Serra Pelada Mine.
Articles Tagged "colossus"
Colossus Minerals Discovers Two New Mineralised Zones
Colossus Minerals reports results of further diamond drilling on the Serra Pelada gold-platinum-palladium project, Brazil. Four geotechnical diamond drill holes in Colossus’ Phase II drilling program, were cored for a total of 1,203 metres. SPGT-003 and SPGT-004 were focused on the Central Mineralised Zone (“CMZ”), which overprints metasediments occupying the hinge and inner limbs of a northwest-facing, [...]
Colossus Minerals – gold and platinum group metals in Brazil
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing the well-sought after Serra Pelada project, a Colossus-COOMIGASP joint venture.
Colossus hits more significant results
Colossus Minerals (TSE:CSI) reported today results from the first two of it's Phase II drill results. Included in the results were 27.9 meters at 35.49 grams per tonne gold, 19.89 grams per tonne platinum and 25.14 grams per tonne palladium. This mineralization was intersected starting at 208.4 meters down hole. True widths have yet to be reported.
Colossus announced closure of $24.7 million deal
Colossus Minerals Inc. reported that it has closed the previously announced bought deal offering. The Company issued an aggregate of 11,500,000 units of the Company at a price of Cdn $2.15 per Unit, for total gross proceeds of $24,725,000. For full story, click here
Colossus Closes $24.7 Million Financing
Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.
Colossus Announces $20M+ Financing
Colossus Minerals announced today a $21 million bought deal at $2.15/share with a half warrant at $2.75. The underwiting is being led by Macquarie Capital Markets and also includes Canaccord Capital, GMP, Dundee, Haywood, and Blackmont. An over allotment option could take the total up to $24.725 million.
Colossus Reports Near Record Gold, PGM Grades
Colossus Minerals Inc. announced results including 7.88 metres of 406g/t gold, 98.4g/t platinum, 115.7g/t palladium, 2.74g/t rhodium, and 1.52g/t iridium at a depth of 252 metres. The Serra Pelada project is located in Para State, Brazil. These results are not true width and the release indicates that true width is not known.
