Heute stehen keine weiteren Termine an. » zu den Börsenterminen von morgen Das Team von peketec.de wünscht allen Tradern und Investoren einen schönen Feierabend :-)
The original CMZ pit was est. 15.2g/t for a pit 400X300X130. This est is considered very very
conservative. Now they have released 3 possible ore bodies in the Elefante zone.
excerp from the latest NR...
"Elefante
This area (Figure 2) contains three main soil anomalies (>0.1 ppm combined gold-platinum-palladium).
The first is a northeast-trending anomaly approximately 800 metres in length. The other two are
northwest-trending and are 600 metres and 400 metres, respectively, in length. All three anomalies are
50 to 100 metres wide. Several garimpeiro shafts and pits occur in the areas where these samples have
been collected."
Each one of these anomalies could be multi-million ounce deposits on their own seeing that the CMZ pit
was a pit 400mX300mX130m. Infact the angle of repose would suggest that only 300m of the vein was exposed in the pit and at 15.2g/t it already yeilded a multi-million ounce deposit. We might be looking at 20Moz in the Elefante alone? I suspect so.
Here is an excerp from Cabral...
"The Serra Pelada gold deposit was discovered in 1980 by
garimpeiros (artesanal miners) and was the site of the most
spectacular gold rush in recent history. Within months news
of bonanza gold ore attracted up to 80,000 people (Fig. 1).
According to Meireles and Silva (1988), 32.6 metric tons (t) of
gold were manually extracted from a 300 × 400-m pit
(garimpo) which, at a depth of about 130 m, collapsed and
flooded in 1984. However, it is estimated that a total of 60 to
70 t of gold was recovered from the Serra Pelada garimpo
(Companhia Vale do Rio Doce—CVRD, unpublished internal
information). The important grade of palladium and platinum
was not realized during this period of activity. The remaining
reserve of Serra Pelada is currently estimated at 3.7
Sorry for my absent this week, was on a business trip in South Africa and couldnt check my inbox at stockhouse.
I will just check and answer!
Cheers Sunny3999gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Colossus Minerals to Present at Clarus Securities Inc. "Top of the Rocks" Investment Conference
TORONTO, ONTARIO--(Marketwire - Dec. 2, 2011) - Colossus Minerals Inc. (TSX:CSI)(TSX:CSI.WT.A)(TSX:CSI.NT) will be presenting at Clarus Securities Inc.'s "Top of the Rocks" Investment Conference to be held December 5, 2011 at the Sanderson Hotel, 50 Berners Street, London, W1T 3NG.
Colossus is scheduled to make its corporate presentation on Monday, December 5 at 3:30 p.m. GMT in the Billiard Room. The presentation will be made available on the Company's website at: www.colossusminerals.com.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Colossus Minerals Updates Development Progress at Serra Pelada
TORONTO, ONTARIO -- (Marketwire) -- 12/05/11 -- Colossus Minerals Inc. (the "Company" or "Colossus") (TSX: CSI) (CUSIP: 91681L109) is pleased to provide an update on the development activities at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Para, Brazil.
HIGHLIGHTS
-- Approximately 675 metres of decline development completed; total
advance, including secondary development, of approximately 775 metres
-- First underground drill bay has been commissioned and underground
drilling is underway
-- Surface infrastructure construction continues, ahead of schedule, with a
number of auxiliary buildings now complete
-- Agreement to build a dedicated electrical transmission line has been
reached
-- Approximately ninety percent of all underground mining equipment is on
site; ordering of process plant equipment has commenced
-- Metallurgical test-work confirms Gravity Recoverable Gold (GRG) values
of between 76% and 88%
-- PGM flotation program ongoing to optimize the efficiency of the flow-
sheet to extract platinum and palladium
Claudio Mancuso, President & Chief Executive Officer of Colossus commented, "We are very pleased with the progress of development at Serra Pelada. We continue to strengthen our on-site management team with the addition of a number of experienced mining professionals. The pace of decline development has progressively and methodically increased over the past six months and we are now approaching our target of five metres of development per day. The next twelve months will be very exciting as we continue de-risking the project and work towards our goal of producing gold in 2013."
DETAILS
November was Colossus' best month for underground development with the pace of development at approximately four metres per day. The Company has now completed approximately 675 metres of decline development to a vertical depth of approximately 100 metres. The pace of both decline and total development continues to improve with the achievement of six metres per day on certain days throughout November. Secondary development items completed in November included a muck bay and the first underground drill bay. The underground drill bay has been commissioned and underground drilling has begun. The first of a series of underground holes will be a geotechnical hole drilled parallel to the decline. This geotechnical hole will serve as an additional tool to predict ground conditions in the decline and will help to further improve the pace of development. Close-spaced underground definition drilling of the Central Mineralized Zone (CMZ) will commence in mid-December. The Company currently estimates that the top of the CMZ will be reached with approximately 600 metres of further decline development and an additional 100 metres to open two working faces into the CMZ from the decline. Once development reaches the top of the CMZ, the first 2,500 tonne bulk sample will be extracted.
In addition to the pace of underground development continuing to improve, surface infrastructure remains ahead of schedule with a number of auxiliary support buildings now complete. An industrial warehouse and mine-dry area are approximately ninety percent complete, which have allowed the Company to order additional supplies to support underground development and construction efforts. Approximately ninety percent of equipment required for underground development is now on site and includes three drill jumbo's (two for exploration and one for development), and various other underground equipment such as shotcrete jumbos, rock-bolters and loaders. In November 2011, the company concluded an agreement with Centrais Electricas do Para, the state's electrical transmission provider, to build a dedicated 32 kilometre, 34.5 kV power line to site. Construction of the power line will commence immediately and is anticipated to be completed by December 2012 at a net cost of approximately R$1.4 million (USD $0.8 million). Power for site construction and underground development is currently provided by four diesel generators which will be used for auxiliary and standby power supply once the dedicated transmission line is in place.
The current metallurgical development program is aimed at confirming Serra Pelada's amenability to gravity gold separation processes and to continue with optimization of a flow-sheet for extraction of platinum and palladium and other platinum group metals using flotation. The latest multi-stage gravity separation tests conducted at Met-Solve Laboratories (Langley, BC) on samples from the CMZ have confirmed previous test results, with GRG values continuing in the 76% to 88% range (see Table 1, below). Recent gravity tests, using Falcon and Knelson concentrators, have purposely targeted lower-grade composites and have averaged 82.1% gravity gold recovery. Gravity recoveries are expected to increase with increased grades. These results, along with tests to verify the physical properties of Serra Pelada mineralization, are being used to support the ongoing design and engineering of the first phase, gravity processing plant.
Both platinum and palladium continue to report to the gravity concentrate at lower levels (typically less than 10% recovery); therefore, a parallel program of flotation testing and mineralogy is being conducted at Blue Coast Research (Nanaimo, BC) to improve recovery. Results from the initial programs completed to date show the importance of controlling gangue flotation; therefore, the current program is focusing on graphite pre-flotation circuits in addition to the use of dispersants and depressants. Results of the PGM flotation program are expected to be released in early 2012.
The basic engineering for the first phase, gravity processing plant is presently well underway, with detailed engineering anticipated to commence early in the new-year. Construction of the process plant is expected to commence in the first quarter of 2012. Procurement of certain long-lead equipment items has commenced, with the ball mill refurbishment substantially complete. The gravity process flow sheet includes crushing, scrubbing, ball milling, centrifugal gravity concentration prior to intensive cyanidation, electro-winning and smelting of gravity concentrates to make a gold dore. A simplified flowsheet is given in Figure 1 below.
Andy Holloway, P.Eng, Principal Process Engineer at AGP Mining Consultants, is a qualified person under National Instrument 43-101 and is responsible for the Company's metallurgical program and results and has verified the contents disclosed.
About Colossus:
Colossus is a development-stage mining company focused on bringing into production the high-grade gold-platinum-palladium Serra Pelada project, located in the mineral prolific Carajas region in the state of Para, Brazil. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Coverage by 60 Minutes of this famous mining rush can be viewed at the following link: http://sixtyminutes.ninemsn.com.au/article.aspx?id=299887.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Forward-looking statements in this press release include statements regarding the timing and nature of future exploration and development programs that are dependent on projections that may change as drilling continues, or if unexpected ground conditions are encountered. The Company does not currently have any mineral properties that are in production or that contain a reserve as defined by National Instrument 43-101. In addition, areas of exploration potential are identified which will require additional drilling to determine whether or not they contain similar mineralization to areas that have been explored in more detail. Significant additional drilling is required at Serra Pelada to fully understand system size.
Except for statements of historical fact relating to Colossus, certain statements in this press release relating but not limited to the Company's exploration and development plans, activities and intentions, constitute "forward-looking information" within the meaning of the Securities Act (Ontario) or "forward-looking statements" within the meaning of the United States Private Litigation Reform Act of 1995. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. Forward-looking statements are frequently characterized by words such as "target", "plan", "expect", "project", "intend", believe", "anticipate" and other similar words, or statements that certain events or conditions "appear to", "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The factors include but are not limited to risks related to the joint venture operation, actual results of exploration activities, the inherent risks involved in the exploration and development of mineral properties, changes in project parameters as plans continue to be refined, delays in obtaining government approvals, the uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties inherent to conducting business in Brazil and the rest of Latin America, the availability of equipment and supplies, unexpected adverse climate conditions, the reliance on only a few key members of management, as well as those factors discussed in the section entitled "Risk Factors" in the Company's most recent Annual Information Form filed with Canadian provincial securities regulatory authorities and other regulatory filings which are posted on SEDAR at www.sedar.com. Unless required by law, Colossus undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Colossus Minerals to Present at 49 North Resource Conference
TORONTO, ONTARIO--(Marketwire - Dec. 9, 2011) - Colossus Minerals Inc. (TSX:CSI) will be presenting at the 49 North Resource Conference to be held December 13 and 14, 2011 at The Mandarin Oriental, 222 Sansome Street, San Francisco, USA, 94104.
Colossus is scheduled to make its corporate presentation on Tuesday, December 13, 2011 at 11:30 am PT. The presentation is available on the Company's website at: www.colossusminerals.com.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
December 15, 2011 06:45 ET Colossus Minerals Extends High Grade Subzones in the CMZ and Expands the GT Zone at Serra Pelada
TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(CUSIP:91681L109) announces additional assay results from the 25,000 metre surface drilling program at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture located in the State of Pará, Brazil.
HIGHLIGHTS
SPD-120 intersected several high-grade subzones within a continuously mineralized intercept of 74.35 metres grading 15.45 g/t gold, 4.54 g/t platinum and 7.04 g/t palladium in the Central Mineralized Zone ("CMZ"). These results confirm the continuity of and extend the high grade CMZ in one of the areas where an underground bulk sample will be extracted.
SPD-118 intersected 6.61 metres at 44.40 g/t gold, 0.69 g/t platinum and 0.62 g/t palladium extending a high grade, upper-limb mineralized subzone onto Section 125SW.
SPD-125 and SPD-128 extended high grade CMZ subzones onto Section 75SW intercepting 7.17 metres at 6.37 g/t gold, 20.62 g/t platinum and 19.17 g/t palladium.
SPD-130 intersected 2.07 metres at 29.64 g/t gold, 5.19 g/t platinum and 7.31 g/t palladium extending high grade lower limb mineralization onto Section 25SW.
SPD-123 intersected gold-platinum-palladium mineralization more than 1,000 metres to the southwest of the historic Serra Pelada open pit.
Additional GT Zone drilling has demonstrated substantial horizontal widths of lower limb mineralization along 100 metres of strike length and has also established high grade mineralization (SPD-116: 0.95 metres at 24.26 g/t gold) in a shallow upper limb zone.
Claudio Mancuso, President & CEO of Colossus commented, "The latest drill results are significant as they extend the CMZ high-grade subzones and widen the GT Zone. We are particularly encouraged to see that the system is still mineralized more than 1,000 metres from the edge of the historic Serra Pelada pit at relatively shallow depths. Despite intersecting low grade mineralization on the 500 metre step-out down plunge on the CMZ, the drilling indicates that the structure should lie further southeast. Our drilling efforts will now focus on probing this section for potential high-grade mineralization."
DETAILS
This release documents results (Table 1, below) from drilling of the extensions of the CMZ and GT (lower-limb) mineralized zone, the significance of which are also discussed. Figure 1 shows the traces of the new drill-holes and plan views of the mineralized zones explored to-date at Serra Pelada.
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
M&A Opportunities Abound: Michael Gray and Shawn Campbell
Source: Brian Sylvester of The Gold Report (12/16/11)
Michael Gray Shawn Campbell Junior explorers may be underperforming the gold price this year,
but Macquarie Capital Markets Equity Analyst Michael Gray is finding opportunities for mergers and
acquisitions within the precious metals space. In this exclusive interview with The Gold Report,
Gray and Research Associate Shawn Campbell talk about the technical aspects that are making a
number of juniors attractive targets.
Companies Mentioned: AngloGold Ashanti Ltd. - ATAC Resources Ltd. - Brett Resources Inc. -
Colossus Minerals Inc. - Continental Gold Ltd. - Eldorado Gold Corp. - Extorre Gold Mines Ltd. -
Goldcorp Inc. - International Tower Hill Mines Ltd. - Midas Gold Corp. - Northern Dynasty Minerals Ltd.
- Rainy River Resources Ltd. - Strategic Metals Ltd. - Tahoe Resources Inc. - Yamana Gold Inc..
TORONTO, ONTARIO -- (Marketwire) -- 12/16/11 -- Colossus Minerals Inc. (TSX:CSI)(CUSIP:91681L109) announces that it will be paying the initial semi-annual interest payment of $13.068 per $1,000 Note. The payment will be made to noteholders of record at the close of business on December 30, 2011 and will be payable on January 3, 2012.
Source: Marketwire (December 16, 2011 - 3:57 PM EST)gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Substanzwert Colossus schreitet planmäßig voran. Sie werden die hochgradigste Au/PGM-Minen in ganz Südamerika über
die nächsten 24 Monaten fertigstellen und dann zu einem der profitabelsten Produzenten in diesem Sektor empor steigen.
Das Deposit ist nicht nur aufgrund der enormen grades der Mineralisierungen so besonders und rar, sondern ebenfalls
aufgrund der oberflächennahen Lagerstätten von 3 Edelmetallen. Diese Art von Deposits, in denen neben extrem
hochgradigen Goldoxidvorkommen auch höher gradige Platin- und Palladium-Vorkommen vorliegen, sind nahe zu
beispiellos. Dieses Privileg offeriert Colossus nicht nur als low cost Producer große Margen in Zukunft zu erzielen,
sie können in Zukunft von der Knappheit in gleich 3 Edelmetall-Segmenten parallel profitieren.
T.CSI - Investment Highlights (Update)
• Serra Pelada was host to the largest precious metals rush in Latin American history, 1979 - 1986 • Gold and PGM grades at Serra Pelada among the highest on record
• Project is fully permitted and construction well underway
• Located in a politically low-risk jurisdiction • Commercial production expected H2 2013
• Potential to be in lowest cost quartile of producers globally
• Significant exploration upsideGemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
TORONTO, ONTARIO--(Marketwire - Jan. 16, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI) announces the acquisition of the Cutia Property from Cooperativa Mista do Garimpeiro de Cutia ("COOMIC"). The property is located approximately thirteen kilometres to the southeast of its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture located in the State of Pará, Brazil.
Claudio Mancuso, President and CEO of Colossus commented, "The relationship we've built with COOMIGASP and the community has led to opportunities to partner with other groups in order to expand our regional footprint around Serra Pelada. The Cutia Property, although grassroots in nature, exhibits promising geological potential. As we continue to develop Serra Pelada and come closer to commercial production in 2013, we feel that now is the time to begin building a pipeline of promising properties around Serra Pelada in order to leverage the investment in infrastructure and personnel we have made at our flagship propertygemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Colossus Minerals - Es will einfach nicht gelingen
Das kanadische Explorations- und Entwicklungsunternehmen Colossus Minerals Inc. befindet sich unverändert in der seit dem Frühjahr 2011eingeleiteten Abwärtsbewegung. Das damalige Kursniveau von 9,47 USD blieb bisweilen unterreicht, wenngleich es immer wieder Versuche der Käuferschichten gab, eben dieses Kursniveau wieder anzupeilen. Selbst die jüngste Erholungsbewegung scheint sich seit einigen Tagen wieder umzukehren und folglich will es der Aktie einfach nicht gelingen auf die Straße der Kursgewinne zurückzukehren. Mehr dazu im anschließenden Fazit.
Quelle Charts: Tradesignal Web Edition
Quelle Charts: StockCharts.com
Fazit:
Die in der vergangenen Analyse vom 28. November beschriebene Trigger-Marke für mögliche Long-Chancen bei 7,90 USD rückt seit dem letzten Zwischenhoch von 7,50 USD erneut in die Ferne und man darf aktuell gespannt sein, ob die Aktie tatsächlich wieder abwärts driften wird. Unterhalb von 6,09 USD scheint sich diese Entwicklung zu bestätigten und weiter fallende Kurse bis 5,27 und darunter bis zum Oktober-Tief aus 2011 bei 4,80 USD erscheinen kaum vermeidbar.
Unterhalb davon müssten weitere Rücksetzer bis 3,38 USD einkalkuliert werden. Finden allerdings die Käufer zurück in den Markt bzw. zur Aktie, solle sich bei Kursen über 7,50 USD sowie insbesondere oberhalb von 7,90 USD Kurspotenzial bis 8,85 USD und dem folgend bis 9,47 USD erschließen. Im zweistelligen Kursbereich angekommen, könnten dann sogar Zugewinne bis 11,50 USD zur Realität werden.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Das letzte Aufbäumen der Bullen lässt sich nicht bestreiten, dennoch reicht die Kraft nicht aus um eben das entscheidende Niveau von 7,90 USD zu überwinden. Gelingt dies jedoch, wäre rasches Aufwärtspotenzial bis 8,85 und darüber bis 9,47 USD zu erwarten, bevor Kursniveaus von 11,50 USD oder darüber von 12,30 USD erreichbar werden könnten.
Short Szenario:
Setzt sich die aktuell eingeschlagene Kursschwäche weiter fort, sollte mitsamt Unterschreitung des Niveaus von 6,10 USD mit weiteren Verlusten gerechnet werden. Abgaben bis 5,50 USD sowie im weiteren Verlauf bis 4,80 USD dürften in der Folge nicht überraschen. Unter 4,80 USD wären die Bären klar am Zug und anhaltende Rücksetzer bis mindestens 3,38 USD die Folge.
Offenlegung gemäß § 34b WpHG wegen möglicher Interessenkonflikte: Der Autor ist in den besprochenen Wertpapieren bzw. Basiswerten derzeit nicht investiert.
Kämmerer, Christian, 17.02.12 - 8:00 Uhrgemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
TORONTO, ONTARIO--(Marketwire - March 1, 2012) - Colossus Minerals Inc.
(TSX:CSI)(OTCQX:COLUF) announces that it is now trading on the highest tier of
the OTC market, OTCQX(R).
Colossus Minerals began trading today on the OTC market's prestigious tier,
OTCQX International. Investors can find current financial disclosures and
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
Stifel, Nicolaus & Company, Inc. will serve as Colossus Minerals' Principal
American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX
requirements and U.S. securities laws.
In connection with the move to OTCQX Colossus announces today that its company
information will be made available via S&P Capital IQ's Market Access Program,
an information distribution service that enables subscribing publicly traded
companies to have their company information disseminated to users of S&P
Capital IQ's MarketScope Advisor. The company information to be made available
through this program includes share price, volume, dividends, shares
outstanding, company financial position, and earnings. MarketScope Advisor is
an Internet-based research engine used by more than 100,000 investment
advisors. A public version of the site is available at http://advisor.marketscope.com.
In addition, information about companies in S&P Capital IQ's Market Access
Program will be available via the firm's Stock Guide database, which is
distributed electronically to virtually all major quote vendors. As part of
the program, a full description of Colossus Minerals Inc. will also be
published in the Daily News section of Standard Corporation Records, a
recognized securities manual for secondary trading in up to 38 states under
their Blue Sky Laws.
Company information distributed through the Market Access Program is based
upon information that S&P Capital IQ considers to be reliable, but neither S&P
Capital IQ nor its affiliates warrant its completeness or accuracy, and it
should not be relied upon as such. This material is not intended as an offer
or solicitation for the purchase or sale of any security or other financial
instrument.
About Colossus Minerals Inc.
Colossus is a development-stage mining company focused on bringing its Serra
Pelada project into production. Serra Pelada, located in the mineral prolific
Carajas region in the State of Para, Brazil, is host to one of the highest
grade gold and platinum group metals deposits in the world. Between 1980 and
1986 Serra Pelada was host to the largest precious metals rush in Latin
American history. Coverage of this famous mining rush by 60 Minutes can be
viewed by following the link below. Colossus Minerals shares, warrants and
notes trade on the Toronto Stock Exchange (TSX) under the symbols CSI,
CSI.WT.A and CSI.NT respectively and in the United States its Common Shares
trade on the OTCQX under the symbol COLUF. The Company is headquartered in
Toronto, Canada.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Colossus Minerals Expands the Elefante Mineralization, Intersects Gold in Upper and Lower Limb Zones and Infills CMZ
http://www.marketwire.com/press-rel....zones-tsx-csi-1630412.htm
TORONTO, ONTARIO--(Marketwire - March 12, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) announces assay results from its expanded auger drilling program on the Elefante Area and its ongoing surface drilling program on the CMZ and GT Zone of its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture and is located in the State of Pará, Brazil.
HIGHLIGHTS
•Follow-up auger drilling in the Elefante Area continues to delineate high grade gold in soils and saprolite with values of 7.81 g/t, 5.70 g/t and 18.00 g/t gold intersections within two metres from surface.
•SPD-132 intersected 4.5 metres grading 16.08 g/t gold, 0.61 g/t platinum and 1.19 g/t palladium in the GT Zone filling in a 50 metre wide gap.
•SPD-133 intersected 0.5 metres of 12.65 g/t gold and a separate 0.5 metres of 4.39 g/t gold in the upper limb zone, proving that this zone contains high-grade gold intervals and warrants further exploration.
•Drill results indicate that both the upper and lower limbs of the fold structure may be more important mineralization-bearing zones than previously believed.
Claudio Mancuso, President & CEO of Colossus commented, "The auger results continue to expand the potential of the Elefante Area. The high grade intercepts in soils close to surface could have immediate economic potential while the gold encountered in bedrock bodes well for our planned drill program on the Elefante Area." Commenting further Mr. Mancuso said, "The drill results on the GT Zone and CMZ expand our knowledge of the upper and lower limbs indicating their potential to host additional mineralization. The GT Zone intercepts continue to suggest additional potential for this zone to expand down-plunge and along strike. We also continue to infill drill the CMZ in preparation for a bulk sample later this year."gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
April 02, 2012 06:01 ET Colossus Minerals Provides Operations and Development Update for Serra Pelada
TORONTO, ONTARIO--(Marketwire - April 2, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) is pleased to provide an update on the development activities at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. Colossus commenced construction of infrastructure in September, 2010 following receipt of its permits from various Brazilian federal and state authorities in May, 2010. The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Pará, Brazil.
Development Highlights
The following operational and development milestones have been reached:
950 metres of decline development completed; total advance of approximately 1,100 metres including secondary development.
350 metres of development left to reach main mineralization - on track for second half of 2012.
Bulk sample on schedule to be extracted in second half of 2012.
Ground conditions encountered thus far have been better than expected.
Long lead-time items for the processing plant have been ordered and are expected on site during the third quarter of 2012.
15 well dewatering system commissioned in the first quarter of 2012 and progressing smoothly.
Initial NI 43-101 resource and reserve estimate outlining 12 months of mineral reserves on track for first quarter of 2013.
Initial production expected mid-2013.
Claudio Mancuso, President & Chief Executive Officer commented, "We are now a year and a half into construction, and development of the Serra Pelada Project remains on schedule. We are getting closer to extracting a bulk sample and progressing well towards our goal of production in the second half of 2013 with a number of exciting milestones in 2012." Mr. Mancuso further commented, "With $103 million in the bank at the end of 2011 our capital and exploration budgets remain fully funded to production."
Serra Pelada - Construction and Development Update
The Company has now completed approximately 950 metres of decline development to a vertical depth of approximately 135 metres. Primary and secondary development totals 1,100 metres. The Company needs to complete an additional 350 metres of development, 125 metres in the main decline and 225 metres of secondary development, to access the mineralization. The Company remains on track to extract a bulk sample in the second half of 2012 and will provide additional information as it approaches the mineralization and begins to prepare areas for extraction. Over the next 200 metres of advance in the main decline, the Company will establish multiple secondary development headings in order to provide sufficient access for the first full year of production. To provide access for production beyond 2013, development of the main decline will continue throughout 2012 and is expected to be substantially complete by the end of this year.
Development to date has been as expected and the ground conditions in the red siltstone have been predictable. Conventional ground control techniques (scaling, rock bolting, screening and shotcrete application) have been sufficient to ensure a safe mining environment. As the decline moves into the next phase of development and towards the bulk sample in the second half of the year, management will continue to focus on mitigating any risks in development with an increase in the number of rock strength tests as well as the addition of ground movement monitors that will allow the Company to be proactive if the ground conditions should change.
Procurement of mining equipment is 95% complete with 80% of the equipment already on site. Of the 24 pieces of mobile equipment needed for production, 19 are now on site and in operation, four have been ordered with anticipated delivery in the second quarter of 2012, and one remains to be purchased. Of note, is the late February 2012 delivery of a dual boom Sandvik LHD 307, which commenced operation in March 2012 and has helped accelerate the rate of underground decline development. Electrical work progressed during the fourth quarter of 2011 as the site transformer arrived and was installed. Four generators arrived on site early in 2012 and construction of infrastructure necessary to distribute power to new installations on site is proceeding well.
In the fourth quarter of 2011, the first underground drill bay was established in the development decline at Serra Pelada. The drill bay location was designed to be multi-purposed. It has served to conduct geotechnical holes ahead of the advancing decline so that ground conditions can be anticipated. Additionally, two delineation holes have been drilled from this location to date. Within the next 100 metres of advance in the main decline, two additional drill bays will be established which will be used to conduct definition and delineation drilling ahead of the bulk sampling program. Management expects to commission the second underground drill during the second quarter of 2012. This drilling will form the basis for the initial NI 43-101 resource and reserve estimation, which remains on schedule for the first quarter of 2013.
The Company continues to augment its development team. To this end, Colossus is pleased to welcome Lyle Pritchard as General Manager, Serra Pelada. A highly-motivated and safety-minded mine operations manager with practical and progressive experience in all aspects of management and underground mining methods, Mr. Pritchard brings a wealth of experience from his years at Barrick's Bulyanhulu Mine in Tanzania and more recently at Goldcorp's Marlin Mine in Guatemala and AuRico's El Cubo Mine in Mexico. Recognized as being an experienced operator in challenging underground mining conditions, he is a strong addition to the operating team.
In addition, the Company continues to work closely with P&K Projetos e Consultoria LTDA who was engaged in the fourth quarter of 2011 to develop the detailed underground mining plan for Serra Pelada. Pedro Pino Véliz, Civil Mining Engineer (P.E.), Eng. Dr. (IT) SME, who has more than 35 years of experience in mining operations and executive management, heads up P&K's 315 person team headquartered in Rio de Janeiro. In operation since 1992, P&K has extensive experience serving its Brazilian and international clientele with rock mechanics, rock characterization, underground stability and hydrological studies. This has included detailed design of tunnels and stations, methods of excavation and specifications for support methods in the expansion of the Rio de Janeiro subway system in preparation for the 2014 World Cup and 2016 Olympic Games. P&K has also assisted a number of gold and coal producers with design of development and infrastructure in varying ground conditions; including decalcified sandstones and siltstones which are the prominent lithologies at Serra Pelada.
Commissioning of the 15 well dewatering system commenced in the first quarter of 2012. The Company remains on schedule to complete dewatering to depths sufficient for mining operations ahead of production in 2013.
Engineering for the first phase, gravity processing plant has commenced and construction is anticipated to commence imminently and to be complete early in the first quarter of 2013. Orders for long lead-time items for the mill, including the intensive leach reactors, electro-winning cells, the gravity concentrators and the ore scrubber have been placed and are expected to be delivered during the third quarter of 2012.
Going forward the Company intends to provide monthly photographs of the construction to those that have subscribed to the Company's voluntary e-mail list. Those interested in receiving this monthly photographic update can subscribe to the mailing list by visiting the Company's website and filling in the contact us details. A confirmation email will be sent which needs to be replied to before news distribution will commence.gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
