Colt Resources Inc COLTF

Metals & Mining Industrial Metals & Minerals

Colt Resources Inc is an exploration company engaged in the acquisition, exploration, and development of mineral property interests in Portugal and Canada. The company is focused on its continued exploration and development of its gold and tungsten properties in Portugal. Its project consists of the Alvalade concession project, Boa Fe gold project, and Tabuaco tungsten project. It also owns an interest in the copper-zinc project in the Iberian Pyrite belt in Portugal. The company's other exploration licenses include borba exploration license, cercal exploration license, montemor-o-novo exploration concession, and the santo antonio experimental mining license.

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Colt Resources Inc

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Post by RiscTecon Sep 09, 2011 3:51pm

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Post# 19027803

Tungsten

With the Tungsten prices at their multi-year highs of 470 $/mtu and the world-class drilling results above 1% at low depth and over 10 - 20 m in length, Colt decided to buy the whole potential deposit area of 140 hektar including a vineyard and winery for 10 Mio Euro. Current drill area is only 10 hektar at the most (see company slide set).Colt must very confident that more good stuff will come from the 4 drilling rigs turning. Stay tuned - this junior will rock soon!

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