Colt Resources has
assembled and is developing one of the most significant gold and tungsten lease
portfolios in Portugal, a stable European country with excellent infrastructure
and experienced labor force, high mineral potential, and a mining history
dating back 2,000 years. Within three short years, Colt has not only become one
of the largest holders of mining and exploration rights in Portugal, a country
well-known for its rapidly growing resource market, but has also established a
strategic presence in the Middle East as well.
Backed by a close
working relationship with the Portuguese Government, Colt is aggressively
developing its advanced-stage projects in Portugal: the Boa Fé Gold Project and
its Tabuaço Tungsten Project. These 100%-owned high-grade gold and tungsten
projects are expected to be in the production stage starting in the next 18 to
36 months, respectively. Leveraging its high-caliber management team, multiple
environmental and community initiatives, and close relationships with the
Portuguese Government, Colt anticipates the development of several mines in
small, but resource-rich country.
The company also a
38% stake in Colt Resources Middle East (CRME), a company focused on securing
near term, world-class production assets in emerging mining areas in the Middle
East. The company’s current areas of interest are in Pakistan and Afghanistan,
specifically in the Tethyan belt, one of the world’s largest mineral deposits.
Leveraging an experienced team with a diversified skill set essential for
de-risking mining projects at all stages of the mining cycle, CRME’s long-term
strategy is to build a major diversified world class mining company.
Collectively, Colt’s
portfolio consists of three experimental mining licenses, four exploration
concessions, and two active joint ventures in Portugal, as well as a 38% stake
in Colt Resources Middle East mining projects. Colt is a triple-listed public
company, trading on the OTC marketplace, the Toronto Stock Exchange, and the
Frankfort Stock Exchange. To provide maximum oversight and leadership, Colt’s
senior management team has strategically divided its presence between the
administrative and field offices in Beloura, Tabuaço and Escoural, Portugal,
with a corporate office in Montreal, Canada.
For more
information, visit www.coltresources.com
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