Colossus Minerals Inc. announced 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 the company and Cooperativa Mista Do Garimpo De Cutia. The Cutia project is located in the State of Para, Brazil roughly 13 kilometers southeast of the Serra Pelada Mine infrastructure.

CTA-13-003 intersected 2.35 g/t gold, 0.32 g/t silver and 0.26% copper over 5.98 meters 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 meters 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 meter 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 meter 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 meters 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 meter core length. CTA-13-016 intersected a 0.55 meter 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 meter core length.