GREY:COLTF - Post by User
Post by
RiscTecon Feb 24, 2011 4:23am
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Post# 18185413
Colt buys open pit Montemor Gold project
Colt buys open pit Montemor Gold projectJust repeating my old post from Dec 2010 also for the new V.GTP thread.
We are yet to see a 43-101 from Colt about Montemor - before PDAC in March 2011 ?
;-)
I investigated the Montemor project history a bit...here is what i found:
Tamaya Resources 2007 Annual 
:
https://newsstore.smh.com.au/apps/previewDocument.ac?docID=GCA00835333TMR&f=pdf
See page 11:
Whilst there has been limited drilling activity at Montemor
during 2007, a near-surface diamond drill hole returned
an impressive 7.24 metres at 24 g/t gold 6 metres from surface...
Australian Stock board:
https://www.shares.com.au/forum/showthread.php?t=2036&page=7
Thecompany is moving towards feasibility with the Montemorproject,following scoping studies indicating a production rate of60kozpa at acost below US$350/oz. The current resource base consists ofshallowshear-hosted deposits, with potential for extensions to knownresourcesalong strike and at depth. The initial JORC inferred resourceatMontemor has previously been established at 6mt@2.2g/tAu for 0.61moz. Over 50,000m of drilling has previously been undertaken at the deposit.
Thismeans Colt is becoming a producer not only on their Tungsten propertybut also on this new Gold property shortly (i guess within a year).