New Resource Estimate for Colt’s Tabuaço Tungsten Project Includes Aveleira Zone Material

Colt Resources Inc. (TSXV:GTP) provided an updated resource estimate for its wholly-owned, Portugal-based Tabuaço tungsten project, commenting that the approximate tungsten trioxide in the indicated mineral resource category is now 815,000 MTUs — nearly double the previous estimate. The company also noted that the estimate marks the first inclusion of material from the Aveleira zone.

According to the press release, highlights of the resource estimate include:

  • Indicated Mineral Resources have almost doubled in tonnage as a result of the new drilling, overall the Mineral Resources have increased by a third; grade remains similar.
  • Indicated resources total 1,495,000 tonnes with an average grade of 0.55% WO3.
  • Inferred resources totaly 1,230,000 tonnes with an average grade of 0.59% WO3.
  • The Aveleira model in particular remains open in several directions and the gap in between Tabuaço (São Pedro das Águias) and Aveleira is now considered to have good Exploration Potential

Click here to read the full Colt Resources Inc. (TSXV:GTP) press release.

Get the Latest Tungsten Investing Stock Information

Get the latest information about companies associated with Tungsten Investing delivered directly to your inbox.

Tungsten

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Critical-Metals-Investing-Primer-CoverThere is no guide to critical metals investing that is more concise, clear and authoritative. Download this FREE Special Report, Investing in Today’s Critical Metals – Context for Lynas News and Molycorp News.
Comments

Leave a Reply