Toronto, Ontario – Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to welcome Mr. Patrick F.N. Anderson to its Board of Directors replacing David D'Onofrio, who has stepped down to pursue other interests.
Mr. Anderson co-founded Aurelian Resources Inc. and was one of the discoverers of the Condor Project, which hosts the FDN epithermal gold-silver deposit. FDN has a 43-101 compliant inferred resource of 58.9 million tonnes grading 7.23 grams per tonne gold (Au) and 11.8 g/t silver (Ag) for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver at a cut-off grade of 2.3 g/t gold equivalent. Kinross Gold Corporation owns approximately 74.8% of Aurelian's issued and outstanding Common shares and is currently in the process of acquiring the remainder of the shares. Additionally, Mr. Anderson is also a founder and director of U308 Corp.