Colossus Resources Update on the Calvario and Mirador Copper Porphyry Projects in Chile and Private Placement Financing
Summary
The Calvario and Mirador projects are located approximately 80 km northeast of the coastal city of La Serena in the Coquimbo Region of central-northern Chile in South America. Together they form a contiguous 23km x 8km set of properties (for Project details, please refer to the November 16, 2023 corporate news release). Due to difficult market conditions in the mineral exploration sector, the Company continues to work towards completion of the required financing. Colossus Resources is a relatively young junior mineral exploration company focused on maximizing shareholder value through the acquisition, discovery and advancement of high-quality copper - gold projects in the Americas. The Company undertakes no obligation to update forward-looking information if circumstances or managements estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.