As quoted in the press release:
All of the assay results have now been received from the auger testing program conducted to define targets for the diamond drilling program to be conducted in the fourth quarter of 2012. Seventy-three auger holes were drilled to depths that ranged in length from two to nine metres. The final assay results of this auger drilling program returned the following highlights:
SPTRD-135 returned values of 13.08 g/t platinum and 4.19 g/t palladium from 0.5 to 1.0 metre below surface.
SPTRD-160 returned values of 4.40 g/t gold from 1.5 to 2.0 metres below surface.
Colossus Minerals, President, Claudio Mancuso, commented:
The results of the auger drilling program highlight the potential of the Elefante Area and demonstrate Elefante’s value as a target for diamond drilling. We are excited to be able to commence diamond drilling later this year as the high grade intercepts in soils close to surface could have immediate economic potential.