Wednesday, May 21, 2014

Colt Resources (COLTF) Eyes Production Progress Tabuaço Tungsten and Boa Fé Gold Projects

The Portuguese resource market has witnessed in the last three years Montreal-based Colt Resources (COLTF) emerge as a leading gold and tungsten mining exploration and development company. Taking full advantage of established relationships within the Portuguese government, the company is ambitiously developing two advanced-stage projects. These projects are the north-central-Portugal-based Tabuaço Tungsten Project and the Boa Fé Gold Project, located approximately 95 kilometers east of Lisbon, Portugal. Both 100% owned by Colt, these projects are readily accessible and have excellent infrastructure for operations and resource transportation. In addition to its efforts in Portugal, Colt Resources has also established a strategic footprint in the Middle East.

COLTF believes the two projects will be in production in the year-and-a-half to three year range. For operations coordination, in addition to its headquarters in Montreal, Colt maintains administrative and field offices in Beloura, Tabuaço, and Escoural, Portugal.

In total, Colt Resources’ leadership team amasses approximately 180 years of expertise in professional management. In particular, president and CEO Nikolaus Perrault leverages over 15 years of experience in wealth management and financial analysis with some of Canada’s largest financial institutions. These institutions include National Bank, Merrill-Lynch, Scotia Capital, and CIBC. Throughout, Mr. Perrault has kept a global eye on small cap resource companies, which have allowed him to develop an extensive international network. In May 2007, he founded a management consulting company that provides strategic advice to early-stage energy and resource companies.

Mr. Perrault also serves as an independent director for TSX-listed Calvalley Petroleum as well as NEX-listed Bitumen Capital. Mr. Perrault’s formal education consists of a Bachelor of Commerce and a Chartered Financial Analyst designation, which he received in 1997. Colt Resources’ seven other leadership team members call upon experience in the exploration and mining industry as well as across multiple other industries. Their experience resides in the areas of senior management, financial reporting, financial advisement, multinational mining and oil & gas consultation, geology, portfolio management, legal work in corporate law, commercial transactions, and intellectual property across multiple sectors, geology consulting, mining project exploration and evaluation, mining engineering, mining sector post-graduate instruction, environmental geology, and a number of other professional or academics-related fields.

Portugal’s complex and diversified geology provides for noteworthy mineral potential, which leads to the occurrence of a considerable number of ore, industrial, and ornamental stone deposits. Presently, Portugal is one of the main European Union’s producers of copper, tin, and tungsten concentrates—it ranks fifth in the world after China, Russia, Bolivia, and Australia— and is an important world producer of ornamental stones.

For more information, visit: www.coltresources.com

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