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Montréal, Québec, Colt Resources Inc. announced it has received final analytical results for three holes from the ongoing drilling campaign at its Tabuaço (São Pedro das Águias) tungsten project, located in the company’s wholly owned Armamar‐Meda concession in northern Portugal.
These drillholes were planned to provide data on the internal grade and structural consistency of the deposit and to test for lateral extensions of several 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). These and previously reported results indicate that the deposit is open in all directions and that grades and thicknesses are increasing as one steps away from the historical resource zone. Nikolas Perrault, President and CEO of Colt, says, “Hole 15 has demonstrated to us that the deposit model is robust and that the predicted grades and thicknesses are being achieved.” A fourth rig recently commenced drilling on the deposit so as to increase data flow as the company moves towards the preparation and delivery of an initial NI43-101 resource estimate. More information, click here. |
