Colt Resources Inc. Announces Definition Drilling Program on the Tabuaço Tungsten Project

Colt Resources (ETR:P01) has announced that it has started drilling at its’ Tungsten project in Northern Portugal.

The press release is quoted as saying:

On November 23, 2010, Colt initiated a definition drilling campaign on the Tabuaço tungsten project located on the company’s 100% owned Armamar-Meda concession in northern Portugal. A total of 1530 m of drilling is planned. Drilling is expected to be completed by mid-March 2011. An initial resource estimate is planned following completion of the drill program.

Nikolas Perrault, CEO of Colt, says:

 “This is a significant milestone for the Company as it clearly brings the Tabuaço project closer to resource estimate status. Results from this drilling program as well as ongoing preliminary metallurgical testing are awaited by the Company and several potential partners.”

To access the full release, click here.