Colossus Minerals Inc. (COLUF)

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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."