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"Colossus is an emerging mineral exploration and development company focused on Brazilian gold.
From the international experience of its principals, Colossus has developed useful geological models for gold and other mineralisation in the Brazilian Shield. These models are being utilised in area and project selection.
With a winning team and good connections in the financial markets, Colossus is poised to become a leader in the Brazilian and broader exploration scenes.
The Company expends great efforts in building relationships with garimpero groups, its venture partners including COOMIGASP, and local technical experts and companies; these efforts, under the guidance of Colossus’ skilled management team, have led the Company to a wealth of exploration opportunities." - Colossus Minerals web site
Investment Thesis
Management team and Board with deep industry experience.
Advanced project in Brazil (Serra Pelada) with rich gold, platinum and palladium grades.
Four drill rigs turning as of 9/09 in Phase II program at Serra Pelada.
$26MM cash on hand to advance projects, $45.5MM more if all options/warrants exercised.
Excellent long-term outlook for gold and platinum group metals prices.
JV Partnership with local organization: COOMIGASP.