Veil soon off Colossus gold-PGM resource in Brazil

Part of the enigma that is Colossus Minerals and its Serra Pelada gold-PGM project in Brazil will soon be lifted.

Colossus has the distinction among leading junior gold-mine developers on the Toronto Venture of not having produced a resource estimate yet nonetheless being very close to first production.

But, grade it has and lots of it. We have known that for some time.

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Colossus has reported some booming intercepts from drilling programs over the past few years, like 71 metres @ 53.59 g/t gold, 20.77 g/t platinum and 31.3 g/t palladium or 7.3 metres @ 1,494.7 g/t Au, 516.6 g/t Pt and 558.9 g/t Pd. This is the kind of stuff some speculators love about Serra Pelada.

Source: http://www.mineweb.com/mineweb/content/en/mineweb-junior-mining?oid=184284&sn=Detail


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