Colossus Minerals : High Grade Noble Metals Projects in Brazil

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 Para State, Brazil

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Message: Re: Good material on CSI
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Good material on CSI

TheSlowLane
Aug 22, 2009 10:55AM

From the Blackmont report:

"Vale Inco estimated 860,000 ounces of gold between 150 to 230
metres below the surface (not 43-101 compliant). Many extraordinary
intersections were reported by Vale Inco. Hole FD32,
located in the centre of what is now the pit, reported an average
3,785 g/t Au, 200 g/t Pt and 1,150 g/t Pd between 40-83
metres. Re-sampling of the core by Cabral (2002) confirmed
these averages reported by Vale Inco."

At current prices, that's: $134,441.71/tonne

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