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Colt Resources Inc. announced that it has received preliminary analytical results for the first three holes drilled this year in its Tabuaço (São Pedro das Águias) tungsten project, located on the company’s wholly owned Armamar-Meda concession in northern Portugal.
These successful drill holes have intersected thick and richly mineralized skarn horizons, and confirmed the extension of the known mineralized zone for a further 100m West of Colt’s previous drilling grid.Colt’s current drilling program is designed to confirm and expand the historical, non NI 43-101 compliant resource estimate of 1 million tonnes grading 0.87% WO3 (SPE-BRGM JV, early 1980’s). Nikolas Perrault, President and CEO of Colt, says, “Based on these very encouraging results, the company has decided to mobilize an additional drill rig on this project as soon as possible". The received results are summarized as follows: | Drill hole DHT-11A (inclined 55o to N031o) (72.95m deep) | | From (m) | To (m) | Grade % WO3 | Length (m) | | 31.10 | 35.35 | 0.19 | 4.55 | | 46.55 | 52.55 | 0.77 | 6.00 | | 70.90 | 72.25 | 0.62 | 1.35 | | Drill hole DHT-12 (vertical, 118.65m deep) | | From (m) | To (m) | Grade % WO3 | Length (m) | | 17.85 | 20.85 | 0.25 | 3.00 | | 52.20 | 67.20 | 0.89 | 15.00 | | Including | | 59.20 | 66.20 | 1.64 | 7.00 | | 78.25 | 93.65 | 0.45 | 15.40 | | Including | | 82.20 | 90.85 | 0.66 | 8.65 | Drill hole DHT-10A (vertical, 15.00m deep) | From (m) | To (m) | Grade % WO3 | Length (m) | 11.40 | 12.40 | 0.43 | 1.00 |
Sample intervals are reported as metres (m) downhole and as such do not represent true width. The actual dip of the skarn controlled mineralization is generally shallow. It is estimated that true widths may range between 75% and 95% of the sample widths. All drill core is transported by Company personnel from drill site to a nearby secure storage facility for logging and sampling. Sampling intervals are defined after core logging and determination of scheelite contents by examination under short-wave UV-light. One half of the core is sent for analysis, while the other half is retained in the core boxes for future reference. All samples are sent by courier to OMAC Laboratories Ltd, at Galway, Ireland, an ISO 17025 accredited facility. Samples are analyzed for W and Sn using a metaborate fusion followed by XRF (laboratory code BF/EL). Assay results for tungsten are reported by the laboratory as W%. WO3 values are calculated using a conversion factor of 1.26. A set of standards, duplicates and blanks is employed by Colt in their sample stream as well as the laboratory’s own standards and duplicates. Results to date are well within the accepted norm. |
