Colossus Minerals Inc. (COLUF)

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Colossus Minerals Inc. Joins OTCQX
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®.

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.

[canucklehead80]

Righting Past Wrongs
Colossus Does Well by Doing Good in Brazil
By Ted Niles

By the time 60 Minutes aired its story about Brazil’s Serra Pelada gold mine in 1985, it had gone, in Ann Wilkinson’s words, “completely Wild West.” The site of the largest gold rush in Latin American history, hordes of mud-encrusted garimpeiros produced over two million ounces of gold from the remote Amazonian pit. The largest gold nugget found reportedly weighed 15 pounds. But, the VP of Investor Relations for Colossus Minerals TSX:CSI says, “This gold rush ended like many, badly.” The Brazilian army had taken over operations shortly after the deposit’s discovery, and CVRD—the state mining arm, since privatized and now known as Vale SA—discovered early on that in addition to Serra Pelada’s bonanza gold grades, it was also rich in platinum and palladium. It tried to reserve this information to itself.


“Once the hard-to-keep secret got out,” Wilkinson relates, “that CVRD wasn’t paying the artisanals for the platinum and the palladium in the deposit—that it was, in effect, stealing from them—all hell broke loose. The garimpeiros refused to get out of the pit; proper setbacks were not being maintained; lawlessness ensued; people were dying. It had to stop, and the Brazilian government, through CVRD, simply stopped dewatering the pit.”

Read the rest of this article. http://www.resourceclips.com/2012/01/25/righting-past-wrongs/

[gharma]

yes, finally, a little recovery if not respect ! patience ...

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Nice day today guys...

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Flying under the radar... But not mine.

[gharma]

I was impressed to see they will complete normal target exploration activities on the new Cutia property before drill testing the known area of historic workings. Maybe a little drilling in not yet known targets?

I can hardly wait until that bulk sample finally starts coming out !

Obviously still in this one, and still amazed how little attention this board gets.

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Jamie Spratt, Clarus Securities (1/18/12) "Colossus Minerals Inc. announced its 2012 exploration budget of approximately US$12M at its 75%-owned Serra Pelada gold-platinum-palladium project in Brazil. . .we are encouraged by a planned drill program of about 37,000m with seven rigs on site that should continue to drive significant news flow and excitement in the stock. . .we maintain a Speculative Buy rating with a $13 target price."

Jamie Spratt, Clarus Securities (1/16/12) "Colossus Minerals Inc. announced the acquisition of 75% of the Cutia property from Cooperativa Mista do Garimpeiro de Cutia for about US$2M. . .Cutia exhibits promising geological potential and adds to the company's exploration pipeline in the area. . .a recent study reported grab samples of 66 g/t Au, 10 g/t Ag and >0.5% Cu; Colossus has completed airborne geophysics indicating 4.8km trend across the property in addition to suggesting numerous lineaments that may represent fault and shear structures. A mapping and prospecting program to confirm these geophysical interpretations will provide drill targets to be followed up."

[gsfl]

Colossus Minerals Inc. Announces 2012 Exploration Program

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI) announces the details of its 2012 exploration program.

An exploration budget of approximately R$18.2 million (USD $10.1 million) has been approved for surface exploration by the board of directors for work to be conducted in 2012. In addition, a budget of approximately R$3.1 million (USD $1.7 million) has been approved for underground exploration and forms a part of the Company's ongoing underground development budget.

Claudio Mancuso, President and CEO commented, "Our 2012 drill program has been designed with the goal of expanding the CMZ and GT Zones as well as targeting promising new regional targets on the Serra Pelada and Cutia properties. With a minimum of five surface and two underground rigs, the program balances exploring for extensions and improving our understanding of the grade distribution in both the CMZ and GT Zones in preparation for production in 2013. Additionally, the regional exploration is intended to identify a pipeline of promising properties in order to leverage the investment in infrastructure and personnel we have made at Serra Pelada, our flagship property. Earlier this week we announced the addition of the Cutia Property, 13 kilometres southeast of Serra Pelada, and it is our intention to commence drilling on that property later this year."

The 2012 surface and underground exploration programs consist of the following drilling:

15,000 metres of surface drilling on the Central Mineralized Zone (CMZ) and GT Zone.
15,000 metres of underground drilling on the CMZ and GT Zones.
5,000 metres to be drilled on new targets within the Serra Pelada property boundary.
2,000 metres to be drilled on the newly acquired Cutia property.
Surface drilling in 2012 will continue to focus on both the CMZ and the GT Zone. Drilling will focus largely on both infill and extension drilling on the CMZ and definition on the GT Zone to better understand the extent of this gold and platinoid rich breccia. In addition, drill testing will be done on the highly prospective Elephante and Young Garimpo areas of the property where anomalous soil samples and follow-up auger drilling have proven the areas to contain gold and platinoid mineralization. The exploration program also includes drilling on the newly acquired Cutia Property.

The fold hinge hosting the CMZ can now be traced for over a kilometre from the edge of the historic pit and drilling efforts in 2012 will concentrate on expanding this length as well as search for additional high grade gold, platinum and palladium mineralization that characterizes the CMZ.

A diamond drill is currently drilling from an underground drill bay established in the ramp that is being driven towards the CMZ. The current drilling from underground is twofold. It will serve to help establish ground conditions ahead of the ramp development and it will help establish horizontal widths ahead of the planned delineation drilling in the upper part of the CMZ where a bulk sample is scheduled to be taken from the orebody in 2012.

The GT Zone consists of a mineralized iron oxide rich breccia and forms part of the lower limb of the large fold structure, the nose of which hosts the Serra Pelada orebody. The GT Zone essentially remains open and will be the target of drilling in 2012 in order to better understand the extent of the breccia zone and its mineralization.

Exploration work on the newly acquired Cutia property will consist of detailed mapping of the existing pits, shaft locations and outcrops followed by soil sampling along the untested strike length of the Cutia Fault Zone. Once this work has been completed a short diamond drilling program will be conducted to test for the auriferous vein material below the historic garimpeiro pits which currently define the known mineralization along a strike length of 600 metres.

About Colossus:

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 Pará, 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. The Company is headquartered in Toronto, Canada.

http://sixtyminutes.ninemsn.com.au/article.aspx?id=299887

[gsfl]

Colossus Minerals Acquires Cutia Property

TORONTO, ONTARIO -- (Marketwire) -- 01/16/12 -- 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 Para, 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 property."

ACQUISITION OF CUTIA PROPERTY

The Cutia Property is covered by Brazilian National Department of Mineral Production (DNPM) Process Number 850.661/2010 and is located thirteen kilometres to the southeast of Serra Pelada (Figure 1) in the mineral province of Carajas, Para State, Brazil. Cutia is part of the Rio Novo geological unit, which also hosts Serra Pelada, and comprises 633 hectares. The property is accessed from Parauapebas using the same road currently used to access the Serra Pelada Project. Artisanal miners produced approximately 65,000 ounces of gold at Cutia in a short period of time between 1988 and 1992 before manual extraction ceased throughout Brazil.

Colossus' wholly-owned subsidiary, Grifo Geologia e Participacoes Ltda., purchased 75% of the Cutia Property from COOMIC for R$3.6 million (approximately USD $2.0 million based on a USD/BRL exchange rate of 1.80). The purchase price is payable in installments as follows:


a) R$0.4 million (USD $0.2 million) upon execution of the partnership
agreement;
b) R$1.5 million (USD $0.8 million) upon approval of the partnership
agreement by COOMIC's general meeting;
c) R$0.2 million (USD $0.1 million) upon the formation of a new company to
hold the property and the transfer of the exploration permit to such
company;
d) R$0.2 million (USD $0.1 million) six months after the event described in
item "c";
e) R$0.3 million (USD $0.2 million) twelve months after the event described
in item "c";
f) R$1.0 million (USD $0.6 million) eighteen months after the event
described in item "c";

The first payment of R$0.4 million (USD $0.2 million) was made in December 2011. The second payment is due in three equal installments over three months from the date of the general meeting. The first of the three installments of R$0.5 million (USD $0.3 million) was also made in December 2011. In addition to the purchase price detailed above, the property is also subject to a Net Smelter Return ("NSR") royalty of 1% payable on life-of-mine production.

Other relevant details of the agreement are as follows:


-- Colossus will be the sole operator and will have full discretion over
activities of the new company formed to hold the mineral rights
including designing and conducting the exploration program, submissions
and applications to the DNPM, and determining whether to extend the
exploration permit beyond its current expiry date in September 2013.
-- Colossus is obligated to spend R$5 million (USD $2.8 million) in
exploration expenditures between the date of the agreement and the
expiration of the exploration permit.
-- Colossus is responsible for preparing a mineral reserve statement within
two years of the expiration of the exploration permit (to be extended if
Colossus decides to extend the permit).
-- Colossus will fully carry any capital costs associated with bringing
Cutia into production should a production decision be made in the
future.
-- Colossus may terminate the agreement at any time without penalty and
without further obligation to pay any amount not yet due under the
agreement.

The Cutia Property is located in the Carajas Region of Para State, Brazil and is underlain by the Xingu Complex and the Rio Novo Group of lithologies consisting of numerous granitic to ultramafic intrusive bodies as well as felsic-mafic metavolcanics. The main structural feature on the property is the Cutia Fault Zone which traverses the property in a roughly east-west orientation and divides the property between felsic metavolcanics to the north and mafic metavolcanics to the south according to the DNPM maps. The mineralized breccia and quartz vein system that has been historically mined by garimpeiros occurs along this fault zone. The quartz veins range from 3-5 metres wide on surface and contain varied amounts of disseminated, pyrite, malachite and iron oxide minerals as well as the occasional speck of visible gold. A recent university study reported grab sample results of 66g/t Au, 10g/t Ag and greater than 0.5% Cu. Furthermore, visible gold was discovered by one of our staff geologists during a recent visit to the property.

In addition to a site visit, as part of the due diligence process, an airborne geophysical survey was conducted over the Cutia property. The survey was conducted over a two day period by Geotech Ltd., of Aurora, Ontario, using their proprietary VTEM (versatile time-domain electromagnetics) system which measures the magnetic and electromagnetic signatures of the underlying property. A total of 303 line kilometres were flown over the property with line spacing's of 50 metres in an N-S direction with tie lines flown perpendicular to the survey lines in an E-W direction and spaced every 500 metres. The data was interpreted by geophysicist Eduardo F. Henrique of Reconsult Geofisica, Sao Paulo, Brazil. The survey was successful in delineating a roughly 4.8 kilometre long contact zone between two major lithologies. The auriferous quartz vein system on the property occurs at this contact zone. Several highly magnetic bodies as well as weak electromagnetic anomalies were found in the data and will be ground truthed during a follow-up mapping and prospecting program. Numerous inferred lineaments also resulted from the geophysical interpretation. These lineaments may represent fault and shear structures and make for good exploration targets as they may host auriferous vein material similar to the known showings on the property.

About Colossus:

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 using CUSIP 19681L109. The Company is headquartered in Toronto, Canada.

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Colossus Minerals Announces Initial Semi-Annual Note Interest Payment

Toronto, Ontario, December 16, 2011 – 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.

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Expert Analysis

The Gold Report Interview with Michael Gray (12/16/11) "Colossus Minerals Inc.' 75%-owned Serra Pelada Au-Pt-Pd project, in Para State, Brazil, is one of the highest-grade precious metal deposits on the planet. We conducted a site visit to Serra Pelada in mid-October. On metallurgy, the flow sheet for a conventional gravity recovery plant appears to be in place and would recover about 95% of the gold. Construction for that gravity plant is scheduled to start this quarter. For platinum and palladium metallurgy, the company has been working on the optimal flow sheet, which may involve calcining to burn off the carbon. This metallurgical work is still in progress and will rely on the evaluation of the bulk sample to be collected in the second half of 2012. We're currently modeling 65% recovery of the platinum and palladium.

There have been a number of [management] changes starting with, most recently, Ari Sussman becoming chairman of the board. He was the chief executive of two companies and now he's focused just on Continental Gold Ltd. Claudio Mancuso was the chief financial officer and now is the chief executive. He will be able to focus all his energies on leading the company. . .Colossus has hired Paulo de Tarso Serpa Fagundes as its new COO, who previously worked with Yamana as the general manager for its Mercedes Mine in Mexico. . .Having been on the ground in mid-October, it was a chance for us to meet the entire team and gain an appreciation for its skill set and ability to work together. We were satisfied that the current team is prepared for the challenges that lie ahead associated with the project."
Ron Stewart, Dundee Securities (12/15/11) "Colossus Minerals Inc. released the results from 14 drill holes recently completed on the 75%-owned Serra Pelada project in Brazil; the results, specifically those from the Central Mineralized Zone, reinforce our view that there is considerable metal in the rock at Serra Pelada; the distribution of metal in the intercepts themselves suggest to us that the Serra Pelada deposit is composed of structurally controlled, bonanza grade shear zones surrounded by a low(ish) grade, alteration halo. We remain confident that Colossus will be able to profitably mine these structures and recover the majority of the gold, platinum and palladium."

[gsfl]

Colossus Minerals extends high grade subzones in the CMZ and expands the GT Zone at Serra Pelada

http://www.colossusminerals.com/_resources/news/nr_20111215.pdf

[canucklehead80]

Auguries — Sir James’ Revenge

December 1, 2011

By Kevin Michael Grace

Gold was up (at press time) $52.50 (+3.1%) for the week to $1,748.30, and silver was up
.87 (+2.7%) to $32.80. These rises were attributed to the collective decision of the Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve and Swiss National Bank to lower the pricing on the existing temporary US dollar liquidity swap arrangements by 50 basis points.

Bloomberg translates the above as, “European banks have been parched for liquidity and need access to dollars. The ECB can’t supply them dollars unless it borrows them from the Fed. Essentially today’s action makes it easier for the ECB and thus European banks to borrow dollars.”

Read the rest of this article: http://bit.ly/uIxRPL

[gsfl]

Colossus Minerals Updates Development Progress at Serra Pelada
TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) - 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 Eléctricas do Parà, 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.
Table 1: Gravity Test Results

Date		        Sample Origin		Head Grade, Gold (g/t)		   GoldRecovery (%) 
 Nov-2010		CMZ Composite		15.9		                              88.0 
 Nov-2010		CMZ Composite		15.8		                              84.2 
 Nov-2011		CMZ (SPD-113)		15.8		                              79.4 
 Nov-2011		CMZ (SPD-113)		12.7		                              76.6 
 Average						                                      82.1 
 

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 doré. A simplified flowsheet is given in Figure 1 below.

To view the flowsheet, "Figure 1," please visit the following link: http://media3.marketwire.com/docs/CSI-Simplified-Flowsheet-with-Frame.pdf.

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.

[gsfl]

Colossus Minerals Inc. Announces Closing of Bought Deal Financing and Over-Allotment Option Exercise for Total Gross Proceeds of $86,250,000

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario, November 8, 2011 – Colossus Minerals Inc. ("Colossus") (TSX:CSI)(TSX:CSI.NT) (TSX:CSI.WT.A) is pleased to announce the successful closing of its previously announced bought deal public offering of 75,000 units (“Units”) and the underwriters' exercise in full of an over-allotment option to purchase an additional 11,250 Units at a price of $1,000 per Unit for total gross proceeds to Colossus of $86,250,000. Each Unit consists of a $1,000 principal amount unsecured gold-linked note (collectively, “Notes”) and sixty common share purchase warrants (collectively, “Warrants”). The Units separated into Notes and Warrants on closing. The Notes will mature on December 31, 2016 and will bear interest, accruing and calculated and payable semi-annually in arrears on June 30 and December 31 of each year, at a rate of between 6% and 13%, dependent on the simple average of the Bloomberg Composite New York Gold Price closing price. Each Warrant entitles the holder thereof to acquire one common share of Colossus at a price of $8.50 until expiry at 5:00 p.m. on November 8, 2016.
The syndicate of underwriters was led by Dundee Securities Ltd., and included Clarus Securities Inc., Canaccord Genuity Corp., and GMP Securities L.P., with PowerOne Capital Markets Limited acting as a selling group member.
The Notes and Warrants are scheduled to commence trading today under the symbols CSI.NT and CSI.WT.A respectively.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

[gsfl]

Colossus Minerals Appoints Ann Wilkinson as Vice-President, Investor Relations

Toronto, Ontario, October 25, 2011 – Colossus Minerals Inc. (the “Company” or “Colossus”) (TSX: CSI) today announced that effective November 1, 2011, Ann Wilkinson has been appointed to serve as the Company's Vice-President, Investor Relations.
Ms. Wilkinson has over 20 years experience in the mining industry in both investor relations and other management roles. Prior to joining Colossus, she served as Vice President, Investor Relations of Breakwater Resources Ltd., a position she held from October 2005.
Claudio Mancuso, Colossus Minerals’ President and CEO commented, “Ms. Wilkinson is one of the most highly regarded investor relations professionals in our industry. Ms. Wilkinson’s appointment continues our evolution and strengthens our senior management team as we continue to advance the Company’s strategy of bringing Serra Pelada into production. Her significant mining and investor relations experience will undoubtedly make significant positive contributions to the execution of our corporate strategy.”

[gsfl]

News:

http://www.colossusminerals.com/investors/news_releases/index.php?&content_id=157

[gharma]

Well, it is my only junior exp/dev where I feel some disappointment when use of oz per ton is not simpler for reporting drill segments
I liked seeing the Western and GT zones (finally) being shown as one in this PR.

I first started tracking CSI.v early Aug 2010, jv formalization, concession expansion, dewatering, etc all still ahead. I took advantage of the down market recent past dipping to build position. There ought to be active PR days ahead with the underground drilling starting up (soon?). Now with the indication in this PR of some possible blue sky from the geophysics new targets seems things could get even more interesting than anticipated.

I wish they would go back to adding update info on the ends of the PRs, advance on the decline, drilling platforms at what depths, ball mill seems to have arrived based on pictures at the website but never announced, etc.. Must be style of the new mgmt.

Not much interest on iH in COLUF.pk/CSI.v board ? Colossus too colossal for people (pps sure is not pennies, but compare to such as UXG on pps, stage, or resource) or is it that there is a main board used on one of the other sites ?
Cheers, thanks for hanging in there solo holding down the board almost a year.

[gsfl]

This is a world class mine. The last of the major finds on land. I don't think there is anything like this anywhere today except under the ocean.

[gharma]

some impressive g/t numbers (and width estimates)
from what I can tell, part of these drills open up new extents at these grades too !!!

[gsfl]

More Drilling more news:

http://colossusminerals.com/investors/news_releases/index.php?&content_id=155

[gsfl]

Colossus Minerals Appoints Paulo de Tarso Serpa Fagundes Chief Operating Officer
Colossus Minerals Inc CSI

5/9/2011 4:12:56 PM

TORONTO, ONTARIO, May 09, 2011 (MARKETWIRE via COMTEX News Network) --
Colossus Minerals Inc. (the "Company" or "Colossus")(TSX: CSI) is very pleased to announce the appointment of Paulo de Tarso Serpa Fagundes as the Company's new Chief Operating Officer, effective May 9, 2011.
Mr. Fagundes has 30 years experience in the mining industry and brings strong operating experience specifically in South American mining projects. Mr. Fagundes was most recently General Manager of the Mercedes Mine in Mexico for Yamana Desenvolvimento Mineral Ltda. where he was responsible for the development of the underground gold mine, and from 2007 to 2009 he was General Manager of Yamana's San Andres Mine in Honduras where he was responsible for operations, administration and a successful expansion of the project. He previously held senior operating positions with Camargo Correa Group, a Brazilian conglomerate and Companhia Brasileira do Cobre, a Brazilian mining company, where he was Manager of the Sao Luiz underground mine.
Mr. Fagundes graduated from Universidade Federal do Rio Grande do Sul in 1981 with a Bachelor of Science in Mining Engineering, and from Universidade de Sao Pauloin 1999 with an MBA in Business Management - Human Resources. Mr. Fagundes is fluent in Portuguese, Spanish and English.
"We are thrilled that Paulo has agreed to take on the role of managing our aggressive development timeline to production at Serra Pelada," commented Ari Sussman, CEO. "Colossus will benefit greatly from Paulo's leadership as he brings a wealth of operating experiences across a platform of industries in Latin America."
Mr. Fagundes added, "I am very excited to be joining Colossus at such a pivotal moment in the history of the Company. This is a tremendous opportunity to contribute in bringing the high profile, historically significant Serra Pelada mine into production. I look forward to building strong and long-term relationships with our team and all stakeholders."
Randy Reichert, previously Colossus President and Chief Operating Officer, is no longer with the Company. The Company wishes him every success in his future endeavours. Ari Sussman, Colossus CEO has assumed the role of President.
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 Para State, Brazil. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Colossus Minerals shares trade on the Toronto Stock Exchange (TSX) under the symbol CSI. The Company is headquartered in Toronto, Canada.

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Drills 7.81 metres at 136.43 g/t gold, 249.20 g/t platinum and 121.40g/t palladium in extensions of Central Mineralized Zone at Serra Pelada, Brazil

http://www.colossusminerals.com/investors/news_releases/index.php?&content_id=142

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Colossus Minerals Purchases Ball Mill and Announces Plans to Extract a 2,500 Tonne Bulk Sample at Serra Pelada

Symbol Price Change
CSI.TO 8.64 0.00

Press Release Source: Colossus Minerals Inc. On Monday March 7, 2011, 8:34 am
TORONTO, ONTARIO--(Marketwire - 03/07/11) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI - News) is pleased to provide an update on development activities at the Serra Pelada Gold-Platinum-Palladium Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.

The Company has agreed to purchase a ball mill and related equipment for a total cost of approximately US$620,000, which represents a greater than $2 million savings when compared with purchasing new equipment. The equipment is located in Para State, Brazil in the Carajas region approximately 100 kilometres (200 kilometres by road) from Serra Pelada and is in excellent condition. Closing of the acquisition is expected to take place on or about March 15, 2011 and delivery to site will occur in the following 90 days.

Additionally, Colossus is pleased to announce that it has finalized plans to extract an initial 2,500 tonne bulk sample from the upper portion of the Central Mineralized Zone ("CMZ"). The aim of the bulk sample is to characterize the distribution of mineralization across different sections of the upper portion of the CMZ. The material extracted in the bulk sample will include various mineralized sub-zones of the CMZ (i.e SPD-007: 25.80 metres @ 11.66 g/t gold, 12.07 g/t platinum and 18.34 g/t palladium) and the upper limb zone (i.e SPD-047: 5.00 metres @ 59.42 g/t gold, 5.46 g/t platinum and 9.07 g/t palladium). The bulk sample will commence during the first quarter of 2012. Also, the Company anticipates that two additional 2,500 tonne bulk samples will be extracted during 2012, covering both the middle and lower portions of the CMZ once underground development and dewatering provide access to these locations.

Randy Reichert, President and COO stated, "The equipment acquisition secures a key component for the development of the Serra Pelada Project and will not only provide significant savings to the overall capital expenditures of the project, but more importantly will save a substantial amount of lead-time compared to purchasing similar equipment elsewhere, which would normally require up to twelve to eighteen months of delivery time. In addition, the purchase achieves an important step towards the Company's stated objective of seeing the project commence phase 1 production in 2012."

2011 DEVELOPMENT MILESTONES UPDATE:



-- The Company's 25,000+ metre Phase IV surface exploration drill program
is well underway following numerous delays due to unforseen variables
experienced during the first quarter of 2011. A second deep penetrating
drill rig has arrived at site and is expected to accelerate exploration
drilling of the CMZ extensions. A total of five drills are now in full
operation on the property and the Company is planning to add more drill
rigs in the coming months. Initial targets being tested (see figure 1)
are the CMZ extensions, the up-plunge extension of the GT Zone to
determine whether or not the GT Zone and the Western Zone are in fact
one single zone, the Portal Zone and other targets situated between the
CMZ and the Portal Zone (approximately 800 metres of strike length).

-- The 3,500 metre underground decline is progressing as planned, with well
over 200 metres now complete. In April 2011, a new shotcrete jumbo and
rockbolter will be delivered to the project and expectations are that
underground development will accelerate significantly to an approximate
advance rate of 10 metres per day. Completion of the decline is
anticipated in the second quarter of 2012.

-- The Company has placed a purchase order for two underground diamond
drills. Underground drilling on the first of many targets is scheduled
to commence during the summer of 2011. More underground drills may be
purchased at a later date as well.

-- Construction of a 200-person camp commenced in early November 2010 with
completion expected early in the second quarter of 2011. The camp
cafeteria is already in operation.

-- Construction of the tailings starter dam is scheduled to begin in May
2011 and is expected to be complete by the fourth quarter 2011.

-- Dewatering has commenced with more than half of the wells completed.
Installation of the dewatering pumps will start before the end of March
2011. It is anticipated that dewatering to a depth of 320 metres will be
complete by the second quarter of 2012.

-- Process plant engineering and design continues to progress. Construction
of the process plant is expected to begin in the third quarter of 2011
and is expected to be complete in the third quarter of 2012.

To view figure 1, please visit the following link: http://media3.marketwire.com/docs/CSI0307fig1.pdf

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Colossus Minerals Provides Update on Development Progress at Serra Pelada

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI) is pleased to provide an update on development activities at the Serra Pelada Gold-Platinum-Palladium Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.
HIGHLIGHTS:
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-- 3,500 metre underground decline in progress, 83 metres complete
-- Two Voest-Alpine roadheaders are in operation cutting the decline
-- Condemnation and site preparation drilling complete; focus shifting back
to exploration
-- Earthworks progressing on site infrastructure including future plant
site, camp site, maintenance facilities and offices
-- Negotiations underway for permanent electrical power to the site
-- Advancing plans for engineering and design of mill facility
/T/
Serra Pelada 2010 Development
In the first half of 2010, Serra Pelada Companhia de Desenvolvimento Mineral ("SPC"), the Colossus-COOMIGASP joint venture company was granted environmental and mining licenses for Serra Pelada paving the way for development activities to commence (see press releases dated April 16, 2010 and May 7, 2010). Given the difficulties in drilling the Serra Pelada orebody at tight spacing from surface, the company embarked on an ambitious underground strategy and commenced development of a 3,500 metre decline to provide underground drilling platforms and access to the orebody for evaluation and future production (see Figure 1).
Development of the portal commenced September 15, 2010 and by November 25, 2010 the portal was complete and 83 metres of the decline had been developed by Colossus personnel. The Company anticipates that the 3,500 metre development program will take 12 to 15 months to complete. Colossus has completed earthworks on other site infrastructure including a future plant site, camp site, maintenance facilities and offices. Construction of the permanent main site office was completed in October 2010 and construction of a mine maintenance facility has commenced (see Figure 2 for an overview of Serra Pelada site infrastructure).
In order to speed up the decline development, Colossus received delivery of two Voest-Alpine road headers in November 2010. The units are now in operation and are performing as expected with eight metres of unsupported excavation achieved in the first ten-hour shift. Rock conditions encountered to date in the decline are exceeding expectations.
Randy Reichert, Colossus President and Chief Operating Officer commented, "The Serra Pelada Project has advanced significantly during the second half of 2010. The Project is now fully permitted, with the receipt of both the environmental and mining licenses, the underground decline development is well underway and there are over 250 employees working aggressively on all of our various development initiatives. The Project is quickly taking shape and we are looking forward to complementing our existing surface drill program with the commencement of underground drilling in the first half of 2011."
Development Milestones for 2011
Mr. Reichert continued, "2011 will be a transformational year for Colossus, driven by the achievement of several important milestones squarely focused on advancing our development plans."
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1. Construction of a 200-person camp commenced in early November 2010 with
completion expected early in the first quarter of 2011.
2. Engineering of the tailings impoundment has commenced with Golder
Associates (Brazil) selected as the consultant for the engineering and
site investigations, and geotechnical drilling is underway. Completion
is expected in the first quarter of 2011.
3. Construction of the Phase 1 tailings dam is scheduled to start in March
2011 and is expected to be complete by the fourth quarter of 2011.
4. Hydrological engineering was recently completed by Australasian
Groundwater and Environmental Consultants Pty Ltd (Brisbane) and
dewatering of the arenites surrounding the orebody has commenced. It is
anticipated that Phase 1 dewatering to a depth of 150 metres will be
completed in the third quarter of 2011, with Phase 2 dewatering to a
depth of 320 metres expected to be complete by the second quarter of
2012.
5. Negotiations for permanent electrical power to the site are progressing
with Centrais Eletricas do Para - S.A. - CELPA, the regional power
supplier.
6. Plans to advance engineering and design of a mill facility are underway.
/T/
To view Figure 1: Proposed Underground Development, please visit the following link: http://media3.marketwire.com/docs/csi_1130_fig_1.pdf
To view Figure 2: Mine Plan and Infrastructure, please visit the following link: http://media3.marketwire.com/docs/csi_1130_fig_2.pdf
About Colossus:
Colossus is an exploration and development Company focused on mineral resource properties in Brazil. The Company is currently focusing its efforts on the high grade gold-platinum-palladium Serra Pelada project in Para State, 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.


Read more: http://www.digitaljournal.com/pr/172310#ixzz16oyFfIOf

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Colossus Minerals Inc. Announces C$60,225,000 Bought Deal Financing
TORONTO, ONTARIO, Oct. 25, 2010 (Marketwire) --

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Colossus Minerals Inc. (TSX:CSI) (the "Company" or "Colossus") announced today that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. (the "Underwriters"). The Underwriters have agreed to purchase, on a bought deal basis, 7,300,000 common shares (the "Common Shares") of the Company, at a price of C$8.25 per Common Share (the "Offering Price") for aggregate gross proceeds to Colossus of C$60,225,000 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 1,095,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional C$9,033,750 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$69,258,750.

The Common Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada, except Quebec.

The net proceeds are intended to be used to fund expenditures on the Serra Pelada project and other exploration activities and for general working capital and corporate purposes.

The Offering is expected to close on or about November 16, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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News. . . It just keeps getting bigger and bigger
http://colossusminerals.com/investors/news_releases/index.php?&content_id=126

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Nicholas Campbell, Canaccord Adams (10/13/10)
"The Serra Pelada project possesses uniquely high-grade gold/PGM mineralization; it is on track to begin production in 2012 and recent exploration has demonstrated the potential to expand the resource. For these reasons, we view Colossus Minerals as a likely takeover target. We maintain our SPECULATIVE BUY recommendation on the shares of Colossus Minerals with a target price of CAD$11.60 per share, up from CAD$11.00 previously.

In our analysis of Colossus Minerals, we value the Serra Pelada project based on 7.5% discounted cash-flow valuation with an additional value of US$100/oz. ascribed to a potential 1 Moz. resource to account for exploration upside potential. We continue to value the shares of Colossus Minerals based on a 1.0x multiple to our peak gold price estimate of NAVPS (7.5%, US$1,500/oz. Au) of CAD$11.56, up from CAD$10.79 previously."