Colossus Minerals and COOMIGASP, its joint venture partner report the beginning of an exploration program on the newly acquired land package contiguous to and surrounding the Serra Pelada project in Para State, Brazil. The first phase of planned exploration involves at least 5,000 metres of diamond drilling as follows: Step-out diamond drilling from surface to test for [...]
Colossus Minerals reports Mr. Luiz Carlos Celaro is hired as General Director of the Company’s Brazilian subsidiary Colossus Geologia e Participações Ltda. Mr. Celaro, a Brazilian citizen, has 35 years of in-country experience in engineering, construction, and mine management. Mr. Celaro worked for Vale S.A. for 9 years where he was involved in the development of [...]
Colossus Minerals (TSX:CSI) annouced new results from step out drilling today. The numbers continue to be impressive with 70 meters of 53.59 g/t gold, 20.77 g.t platinum and 31.3 g/t palladium. Colossus VP Exploration Vic Wall is quoted as saying: up to 400 metres south of the historical open pit, Colossus drilling has outlined substantial [...]
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 [...]
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. The deal brought in money at $2.15 per unit, a significant premium over yesterday’s closing price of $1.77. Proceeds of the financing will mainly be used to [...]
The Financial Post reports a list of gold companies that Genuity Capital says could be takeover targets with the rising price of gold and the disconnect between the valuation of junior and senior gold companies. Included in the list are Allied Nevada Gold Corp. (AMEX:ANV), Mineral Deposits Ltd. (ASX:MDL), Kirkland Lake Gold Inc. (TSE:KGI), Andean [...]
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. The deal is expected to close March [...]
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. Colossus President Vic Wall [...]
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 its Serra Pelada gold, platinum and palladium project.
Wednesday, June 2, 2010