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Colossus Minerals Inc.

09:52 AM EST - Colossus Minerals Inc. : announced assay results from ongoing surface and underground drilling programs on 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. SPUD-011 intersected 33.90 metres grading 3.67 g/t gold, 1.13 g/t platinum and 2.93 g/t palladium including a higher grade zone of 5.95 metres grading 9.62 g/t gold, 3.41 g/t platinum and 8.46 g/tpalladium in the upper portion of the Central Mineralized Zone. The hole exhibited better grades and a wider zone than what was interpreted from surface drilling. Colossus Minerals Inc. shares T.CSI are trading up $0.15 at $5.35.