Colossus Minerals Appoints Antenor Silva and Mel Leiderman to its Board of Directors
Colossus Minerals Inc. (TSE:CSI) announced that Mr. Antenor F. Silva Jr. and Mr. Mel Leiderman have been appointed to the company's board of directors.
Articles Tagged "colossus minerals"
Colossus Minerals Reports COOMIGASP Shareholder Approval of Transfer of Mineral Rights
Colossus Minerals Inc. (TSE:CSI) reports that the shareholders of its JV partner, COOMIGASP approved the transfer of the mineral rights related to Mining License DNPM Nr. 850.425/1990 from COOMIGASP to Serra Pelada Companhia de Desenvolvimento Minera. Colossus holds a 75% interest in SPC through its Brazilian subsidiary Colossus Geologia e Participações Ltda (“Colossus Brazil”). For complete [...]
Gold Assets in Brazil
Despite only being responsible for total production of 2.1 percent of global mining of the yellow metal in 2009, the measured and indicated gold reserves in Brazil may offer investors an attractive value proposition with the USGS estimating 2,000 tonnes, or approximately 4.3 percent of the world’s reserve.
Colossus Minerals Commences Drilling for the Extensions of Serra Pelada
Colossus Minerals Inc. (TSE:CSI) reports its drilling for the extensions of precious metal mineralisation on the recently expanded land package situated in Para State, Brazil. The first drill‐holes of the 5,000 metre drill program are targeting the down‐plunge projection of high grade gold‐platinum‐palladium mineralisation in the Central Mineral Mineralised Zone (“CMZ”). To the northeast of the [...]
Colossus Minerals Commences Exploration on New Ground
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 Hires Luiz Carlos Celaro to Manage Mine Development
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 reports Expiry of Warrants
Colossus Minerals Inc. (TSX:CSI) reported that the outstanding unexercised common share purchase warrants issued in connection with Colossus’ March 2009 public offering expired at 4:00 pm (Eastern Standard Time) on November 27, 2009. The press release is quoted as saying: Colossus is a minerals development company focused on the Serra Pelada high-grade gold-platinum-palladium project in [...]
Colossus Minerals Amends Agreement with Coomigasp
Colossus Minerals Inc. (TSX:CSI) reported that the company has amended its agreement with its joint venture partner, Coomigasp, for the Serra Pelada Project located in Para State, Brazil. The press release is quoted as saying: The Amended Agreement was executed following ratification via a series of open meetings of the members of Coomigasp and a [...]
Colossus Step-out Drilling Continues to Impress
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 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. 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 [...]
