Process plant construction is progressing as planned. Significant milestones achieved since the last development update include:
-- Over 95% of structural steel is currently on site with approximately 55% erected to date. Over 90% of all platework is now on site as well.-- Ball mill is now in place and the ring gear has been installed; all three gravity concentrators have also been installed in the ball mill building. To view a video of the ball mill being lifted into place, please click the following link: https://vimeo.com/68640198-- Significant progress has been made in erecting the conveyor systems.-- Primary screen and a number of tanks have been installed in the Scrubbing & Screening building. Scrubber is on site and installation of this piece of equipment has begun.-- Civil construction of gold room is complete and this area has been turned over to the mechanical contractor. Erection of tanks in the gold room area has begun and one tank is already in place.-- Master Control Centres 1 and 2 have been placed on steel columns; electrical work to commence shortly.-- In the thickener area, process water and fluidization water tanks have been installed, thickener tank base has been completed and bund walls were cast and poured.-- The primary crusher area structural steel, platework and associated equipment installation is approximately 90% complete. Electrical and instrumentation installations have started. Commissioning of the primary crusher is scheduled to occur in July.-- The reagent handling area structural steel, platework and associated equipment installation is approximately 90% complete. Electrical and instrumentation installations have started.
Other infrastructure construction is progressing as planned. Significant milestones achieved since the last development update include:
-- Commissioning of the power house is complete and this facility is providing 100% of the Company's power requirements. Connection to the grid is expected by the middle of July. The Company is currently running two of the four generators and electrical reticulation across the project site is substantially complete.-- Construction of tailings dam has been advanced; construction of the diversion channel has been completed and the total construction is now 30% complete. The tailings dam is expected to be ready in conjunction with the start of mill commissioning.-- Widening of the ventilation shaft is also progressing on schedule. The shaft has been collared and approximately 10 metres of the shaft have been widened with concrete poured. The ventilation shaft expansion is expected to be completed by the end of the third quarter.-- Civil construction and structural steel erection for the laboratory has been substantially completed. Modular lab units are now on site and are expected to be installed shortly. Commissioning to commence in July with first processing of samples to occur in by the end of July.
Colossus is a development-stage mining company focused on bringing its 75% owned Serra Pelada gold-platinum-palladium Mine into production. The Serra Pelada Mine is a joint venture between Colossus and COOMIGASP located in the State of Para, Brazil. Serra Pelada, located in the mineral prolific Carajas region in the State of Para, is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Colossus Minerals Common Shares, warrants and notes trade on the Toronto Stock Exchange (TSX) under the symbols CSI, CSI.WT.A and CSI.NT respectively and in the United States its Common Shares trade on the OTCQX under the symbol COLUF. The Company is headquartered in Toronto, Canada.