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Colt Resources Inc. announced that it has received final analytical results for nine holes from its 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 results are part of an ongoing drilling program designed 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, “Results of these holes continue to confirm that the deposit model is robust and that the predicted grades and thicknesses are being achieved.” Four diamond drill rigs are currently in operation on the deposit so as to increase data flow as the company moves towards the preparation and delivery of an initial NI 43-101 resource estimate later this year. More information, click here. |
