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To: 10K a day who wrote (80735)	6/27/2008 5:16:13 PM
From: koan	Read Replies (1) \| Respond to of 116555

I make most of my money as a trader (30 years). I am loaded with Canadain enrgy and precious metals stocks. Especially major gold company wts and Sask junior coal plays. My top pick right now is CSI wts $1.80 I am one of the few happy guys around. I am just more concerned for the safety of the world and my daughters above my own concerns. But as a trader, I watch what is going on very carefully. CSI drill hole. This is why it is getting so much attention. What a hole!! Colossus Minerals Inc (C-CSI) - News Release Colossus drills 88 m of 5.8 g/t Au, 6.11 grams pt and 6.83 grams pd at Serra Pelada. That is worth over $1,000 per ton. 2008-05-29 08:19 ET - News Release Shares issued 39,674,388 CSI Close 2008-05-28 C$ 1.95 Mr. Ari Sussman reports COLOSSUS MINERALS DRILLS HIGH GRADE GOLD-PLATINUM-PALLADIUM AT SERRA PELADA Colossus Minerals Inc. has provided assay results from SPD-001, the company's first drill hole on the Serra Pelada project, a Colossus-COOMIGASP joint venture. Highlights: SPD-001 intersected 88.00 metres at 5.80 grams per tonne (g/t) gold, 6.11 g/t platinum and 6.83 g/t palladium; Broad down-hole intervals within SPD-001 of high-grade gold-platinum-palladium including 50.05 metres at 5.63 g/t gold, 9.58 g/t platinum and 10.24 g/t palladium, and also 37.95 metres and 6.02 g/t gold, 1.56 g/t platinum and 2.34 g/t palladium; For gold:platinum:palladium prices in the ratio 1:2.33:0.5, these values equate to 88.00 metres at 23.7 g/t gold equivalent 50.05 metres at 33.1 g/t gold equivalent 37.95 metres at 10.8 g/t gold equivalent; Collared 170 metres southwest of the historic Serra Pelada open pit, SPD-001 demonstrates continuity of high-grade mineralization over a vertical interval of 89 metres in the Central mineralized zone; SPD-001 also confirms the occurrence of very-high-grade platinum group element- (PGE) and also gold-rich subzones within the Central mineralized zone. Details Diamond drill hole SPD-001 is the first hole of a 5,000 m drill program by the Colossus-COOMIGASP joint venture on the Serra Pelada gold-platinum-palladium deposit, located in Para State, Brazil. Collared 170 m southwest of the Serra Pelada open pit, SPD-001 was HQ-cored for 311 m at an initial azimuth of 310 degrees and an inclination of minus 69 degrees, to test the Central mineralized zone. The drill hole trace may be examined on Section 100NE on the company's website. From 183.20 m to 276.35 m down-hole, SPD-001 intersected continuous gold-platinum-palladium mineralization within altered metasediments of the Central mineralized zone. This 93-metre interval includes broad PGE- and also gold-rich subzones. These subzones respectively contain intervals of spectacular grades of platinum plus palladium and high-grade gold. Assay results are presented in the table. The complete assay data set for may be examined on the company's website. Gold From To Recovered/assay equivalent (metres, (metres, interval Gold Platinum Palladium g/t down-hole) down-hole) (metres)(i) g/t g/t g/t (ii) 183.20 237.50 50.05 5.63 9.58 10.24 33.1 Incl. 186.00 203.85 17.85 10.69 6.71 6.99 216.00 228.00 11.15 1.89 8.50 7.98 232.00 236.40 4.40 9.64 54.20 57.72 237.50 276.35 37.95 6.02 1.56 2.34 10.8 Incl. 242.25 262.75 20.20 9.36 2.72 3.90 259.55 262.75 3.20 26.08 5.99 10.41 Total intersection 183.20 276.35 88.00 5.80 6.11 6.83 23.7 (i) Total assayed interval -- excludes intervals of no core recovery; true widths to be established. (ii) Gold equivalent assuming Au:Pt:Pd prices in the ratio 1:2.33:0.5. An additional intersection (between 302.0 and 303.0 metres down-hole at 0.15 g/t gold, 1.66 g/t platinum and 0.92 g/t palladium) appears to represent a mineralized zone, footwall to the Central zone and of as yet unknown lateral extent. To date, the company has completed eight drill holes or approximately 50 per cent of the initial 5,000-metre drill program. It is anticipated that the turnaround time for assay results will begin to move at a more expeditious pace. Dr. Vic Wall, Colossus president, comments: "These results, from our first Serra Pelada drill hole, are truly excellent. SPD-001 has demonstrated the continuity of high-grade gold-platinum-palladium mineralization over a large vertical interval in Colossus's main target zone, well south of the historic Serra Pelada open pit. Colossus's ongoing drilling attests to the potential of this unique noble metal deposit. Our team is working hard to realize this potential." Technical information Sampling of SPD-001 core (by Colossus personnel) and sample preparation (by SGS Geosol Laboratories Ltda., Belo Horizonte) was carried out under strict protocols recommended in the National Instrument 43-101 technical report on Serra Pelada. After photographing and logging, nominal one-metre intervals of HQ core were cut and/or split in half, yielding samples of two- to three-kilogram mass. Where core recoveries were low, intervals were composited to yield one kilogram minimum sample masses. Duplicates, blanks and certified gold-PGE reference materials were inserted in the sample train by Colossus personnel prior to secure shipping to SGS. SGS pulverized one-kilogram splits (greater than 95 per cent passing 106 microns) from the crushed (greater than 95 per cent passing 1.7 millimetres) dried samples. The resulting pulps were quartered by rotary splitter and a 50-gram fire assay, with ICP-AES finish was performed on one 250-gram aliquot, the remaining splits being archived. Additional blanks and duplicates were inserted in the assay stream by SGS and replicate assays were performed every 20 samples. SGS dispatched assay certificate originals directly to Resource and Exploration Mapping Ltd., an independent company which manages Colossus's database. The assay results for blanks, duplicates, replicates and reference materials were generally satisfactory. However one of the reference materials in one assay batch assayed gold, platinum and palladium values much lower than certified values for this material. The reference material and high value samples in this batch will be check assayed by SGS and an independent laboratory. Dr. Wall, president of Colossus Minerals and qualified person under National Instrument 43-101, is responsible for this release and has verified the contents disclosed.