Colt Resources Intersects 1.08% WO3 over 7.65m at its Tabuaço Tungsten Project, Northern Portugal
Friday, 13 May 2011 00:00
Colt Resources Inc. (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) announced it has received preliminary analytical results for the recently completed 4th hole drilled this year in its Tabuaço (São Pedro das Águias) tungsten project, located in the Company’s wholly owned Armamar‐Meda concession in northern Portugal.
Drillhole DHT13 was planned as an infill hole to improve confidence in the geology and grade models and has confirmed the presence and continuity of several thick and richly mineralized skarn horizons.
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, “We are very encouraged by these positive results and have accelerated the exploration program having recently commenced drilling using a second rig.”
