Cosan Limited (CZZ)

[Ed Monton]

News. More drill results.

February 27, 10:08 am ET

Canadian Royalties Inc. - New Discovery - High Nickel Copper Cobalt Platinum Palladium Values from Tootoo Area Drill Hole 25 km West of Mesamax

"received high nickel-copper-cobalt-platinum- palladium (Ni-Cu-Co-Pt-Pd) assay values from a new massive sulphide discovery located 25 kilometres to the west of the Mesamax Discovery in Nunavik (Ungava), Northern Québec. The main mineralized interval in diamond drill hole TT-02-02 is comprised of disseminated to massive pyrrhotite, pentlandite and chalcopyrite mineralization in a pyroxenitic host. The higher grade portion of the mineralized interval assayed 2.00% Ni, 1.91% Cu, 0.11% Co, 0.6 g/t Pd and 2.62 g/t Pd (3.12 g/t combined Pt + Pd) over a core length of 22.03 meters (72.3 feet). The new mineralized zone, the "Tootoo Zone", is the third and westernmost new massive sulphide occurrence discovered by Canadian Royalties in the South Ungava Trend since work in the region by Canadian Royalties began in 2001. It is located in a basal depression or embayment of the host, a geological setting very similar to the setting at the Mesamax Ni-Cu-Co-Pt-Pd Zone..."

See the full text on http://biz.yahoo.com/cnw/030227/a_royalties_newdiscov_1.html

CZZ has a map on its website:
http://www.canadianroyalties.com/maps/expoznl.htm

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