Colt Resources is
one of the leading gold and tungsten mining exploration, and development
companies in the expanding Portuguese resource market. COLTF’s 100%-owned,
advanced-stage, high-grade gold and tungsten projects in Portugal are expected
to be in the production stage starting in the next 18 to 36 months
respectively. Colt’s senior management team headed by Nikolas Perrault,
President and Chief Executive Officer, is divided between the administrative
and field offices in Beloura, Tabuaço and Escoural, Portugal and the corporate
office in Montreal, Canada. With its experienced management team, various
environmental and community initiatives, and close relationships with the
Portuguese Government, Colt is developing its Boa Fé Gold Project and its Tabuaço
Tungsten Project.
The Boa Fé
Experimental Mining License is surrounded by the Montemor Exploration
Concession. Both are 100% controlled by Colt. Boa Fé / Montemor is a
prospective area known to host several near surface gold deposits hosted within
a regional shear mapped to ex-tend over 30km. The deposits remain open along
strike and to depth. The area is readily accessible, located 95km east of
Lisbon and has sufficient infrastructure including roads, a railway, water, and
electricity.
The Tabuaço Experimental
Mining License (EML) is located in north central Portugal and like Boa Fé, it
too has excellent infrastructure including roads, railway, water supply, and
electricity. Tungsten is found as fine to coarse disseminations of scheelite
within skarn horizons. The skarns are virtually devoid of sulphides and
molybdenum, which is quite favorable for potential mineral processing.
Portugal is enriched
with a complex and diversified geology with a considerable mineral potential,
leading to the occurrence of a significant number of ore, industrial, and
ornamental stone deposits. Mineral exploitation is presently at a considerably
high level, originating from world-class deposits, such as Neves-Corvo (Cu, Zn)
and Panasqueira (W), but also from other deposits producing salt, feldspar,
kaolin, ball clay and fire clay, ornamental stones, and some other mineral
substances. Portugal is presently one of the main EU producers of copper, tin,
and tungsten (ranking fifth in the world after China, Russia, Bolivia, and Australia)
concentrates and an important world producer of ornamental stones.
For more information
on the company visit www.coltresources.com
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