Colossus Minerals Inc. has released the results of a scout drilling program on the company's Natividade 10,000-hectare gold project in the state of Tocantins, Brazil. Colossus can earn in to 70 per cent of Natividade which comprises two exploration licences held by Terra Goyana Mineracao Ltda.

Highlights of the shallow drilling program include the following intersections within 30 metres of surface:

• Hole NRD017: two metres at 34.91 grams per tonne gold;
• Hole NRD024: 19 metres at 7.72 grams per tonne gold; including eight metres of 16.05 grams per tonne gold; hole terminated in mineralization;
• Hole NRD039: nine metres of 1.04 grams per tonne gold; hole terminated in mineralization.

The Colossus program was aimed to test for near surface high-grade gold mineralization and lower grade envelopes hosted by a folded metasedimentary-metavolcanic package in an area open pitted to shallow depths by the Portuguese in Colonial times.

The scout drilling program comprises 55 shallow, angled percussion holes totalling 1,237 metres were drilled. Drilling was along several lines across about 300 metres of strike length, and was targeted on the basis of the historical open pits and previous surface sampling. These data, along with the drill collar positions and total gram-by-metre intercepts for each drill hole, may be examined on the company website.

Augusto Kishida, Colossus vice-president of exploration, comments: "The results from our first drilling program are encouraging. They demonstrate that gold mineralization at Natividade comprises shallowly plunging high-grade shoots within steeply dipping mineralized envelopes. Some of these envelopes may contribute to bulk-tonnage target zones. The next phase of drilling at

Natividade will involve a reverse-circulation program which will be aimed at clarifying the continuity of high-grade zones and outlining lower grade envelopes. This program will also involve first-pass testing of several other target zones outside of the main area of historical gold workings."

Open-hole percussion drillholes were inclined at 70 degrees to an azimuth of 110 degrees. Drilling depths were limited by the water table at 20 to 30 metres. Two-metre downhole samples were homogenized and quartered by Colossus staff, one-half archived, one-quarter dispatched for assay, the remaining quarter washed, and a representative chip sample logged and archived.

A total of 604 samples averaging 2.8 kilograms were sent for assay to SGS Belo Horizonte Laboratories, including blanks and duplicates. SGS inserted additional blanks, duplicates and reference materials in the sample preparation stream. Samples were crushed to minus-two millimetres, homogenized and quartered. A quarter split was pulverised to 95 per cent passing 150-mesh and a fire assay (with atomic absorption finish) for gold performed on a 50-gram aliquot. Assay results for blanks, duplicates and reference materials provided adequate QA/QC.

Darryl Kelley is the Energy Editor for Resourcex Investor, a premium source of news and investment ideas for individuals seeking information about emerging companies in the resource sector. Find our more by visiting http://www.ResourcexInvestor.com.