Colossus Minerals Inc (COLUF)

[Tommy]

$COLUF - $CSI.V - Colossus Minerals Intersects Gold and Copper in its Phase 1 Drilling Program on the Cutia Property

http://finance.yahoo.com/news/colossus-minerals-intersects-gold-copper-100100034.html

TORONTO, ONTARIO--(Marketwired - July 8, 2013) - Colossus Minerals Inc. (the "Company" or "Colossus") (CSI.TO)(COLUF) announces assay results from its Phase I surface diamond drilling program on its 75% owned Cutia Project. The Cutia Project is a 75-25% joint venture between Colossus Minerals Inc. and Cooperativa Mista Do Garimpo De Cutia (COOMIC). The Cutia Project is located in the State of Pará, Brazil roughly 13 kilometres southeast of the Serra Pelada Mine infrastructure.

HIGHLIGHTS

CTA-13-003 intersected 2.35 g/t gold, 0.32 g/t silver and 0.26% copper over 5.98 metres in the main silicified breccia zone and intersected material in the historic underground workings immediately above the zone that returned 7.67 g/t gold, 0.52 g/t silver and 0.24% copper over 5.20 metres that included values of 10.9 and 20.10 g/t gold and as much as 1.02% copper. This material is presumed to be an example of what would have been mined out by the garimpeiros and demonstrates the potential of the mineralized system.

CTA-13-005 intersected 9.58 g/t gold, 1.40 g/t silver and 0.41% copper over 1.00 metre in the hanging wall portion of the main zone before the hole intersected historic underground workings. The underground drift material recovered from this area returned assays of 8.96 g/t gold, 1.28 g/t silver and 0.33% copper over a 1.60 metre interval which included a sample that assayed 17.54 g/t gold, 2.20 g/t silver and 0.28% copper.

CTA-13-009 intersected the silicified breccia zone and returned 7.18 g/t gold, 25.09 g/t silver and 2.61% copper over 5.35 metres including a high grade interval that assayed 20.69 g/t gold, 223.00 g/t silver and 18.47% copper over a 0.35 metre core length.

CTA-13-016 intersected a 0.55 metre long silicified breccia zone containing 13.76 g/t gold, 3.90 g/t silver and 2.04% copper, representing the Cutia Fault Zone (CFZ) underneath the west pit.

CTA-13-018 intersected the zone and returned 3.91 g/t gold, 4.01 g/t silver and 0.76% copper over a 3.25 metre core length.

Claudio Mancuso, CEO of Colossus commented, "While still early the Cutia Project is shaping up to be quite an exciting exploration property."