Colt Resources Inc.
Colt Resources Inc. (Colt) is a Canadian based junior exploration company engaged in exploring and developing mineral properties with an emphasis on tungsten and gold. Colt is currently focused on two advanced stage exploration projects, the Tabua?o Tungsten Project and the Penedono Gold Project. Both projects are located in Portugal a stable and mining-friendly country with excellent access and infrastructure.
The Tabua?o Tungsten Project consists of tungsten-rich, scheelite bearing, skarn horizons in metasedimentary rocks that locally grade 0.5 to 1% WO3. In the 1980s, a historical resource was calculated consisting of ~1 million tonnes grading 0.87% WO3 (not NI 43-101 compliant). Colt is currently undertaking a drilling program to confirm and expand on this historical resource.
Recently released results from drilling on the Tabua?o Project, Hole DHT-01B, total depth of 59.85 m, shows an upper interval of 4.75 m grading 0.52% WO3; and a lower interval of 18.80 m grading 0.73% WO3. These results compare well with a nearby historical drill hole that returned 19.35 m grading 1.18% WO3. Colt believes there is significant potential for extension to known mineralization on the project, both along strike and at depth.
The Penedono Gold Project consists of widespread clusters of gold-bearing quartz veins and vein systems hosted by a granitic intrusive complex. Colt is currently drilling a vein system that was part of a past producing underground gold mine in the 1950s. Colt drill result highlights so far include 59.99 g/t Au over 1.47 m, 18.7 g/t Au over 1.54 m, and 8.43 g/t Au over 6.74 m. Mineralization remains open along trend and at depth. Colt believes the Penedono Project has the potential for both underground high-grade vein and/or low-grade open pit gold deposits.
In Portugal, Colt also has a large concession within the prolific Iberian Pyrite Belt, a geological environment with potential for world-class volcanogenic massive sulphide deposits (VMS).
Colt is well positioned to take advantage of the increasingly strong movement in junior exploration company stock prices. It has a solid and experienced management team led by Nikolas Perrault, President and CEO.
Colt Resources Inc. is actively seeking other NAFTA and EU Projects. Colt relies on experienced and committed directors, officers, and exploration experts. The shares of Colt Resources (GTP) are listed on the Canadian National Stock Exchange, and 49,700,424 shares are fully diluted. For more information, contact Mr. Nikolas Perrault at +1 514 394-0009.
Colt Resources 2080 Rene-Levesque Blvd. West Montreal, Quebec, Canada, H3H 1R6
Nikolas Perrault President & CEO Email: nperrault@coltresources.com Tel: (514) 394-0009 Fax: (514) 394-0888
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