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Colt Resources Intersect 1.50% WO3 over 10.01m at Tabuaço Tungsten Project, Northern Portugal

Vivien Diniz
Sep. 18, 2012 11:52AM PST
Company News

Colt Resources (TSXV:GTP) announced the final analytical results from seven holes of ongoing infill drilling at the Tabuaçao tungsten project and one from the Tabuaçao-Aveleira gap from its Armamar-Meda concession in northern Portugal.

Colt Resources (TSXV:GTP) announced the final analytical results from seven holes of ongoing infill drilling at the Tabuaçao tungsten project and one from the Tabuaçao-Aveleira gap from its Armamar-Meda concession in northern Portugal.

Drill results include:

Tabuaço Drilling Results Highlights
Zone From (m) To (m) Grade % WO3 Interval (m) True Width (m)*
Drill hole DHT-57 (Inclined -50o to 075o) – 107.00m long
Main 41.58 52.58 1.50% 11.00 10.01
Lower 60.15 65.80 0.51% 5.65 5.14
Drill hole DHT-58 (Inclined -70o to 030o) – 174.25m long
Upper Carbonate 96.65 98.60 0.35% 1.95 1.94
Main 137.35 139.65 0.45% 2.30 2.29
Lower 147.00 149.00 0.32% 2.00 1.99
Drill hole DHT-65 (Vertical) – 71.55m long
No significant mineralization
Drill hole DHT-66 (Vertical) – 92.20m long
Main 14.30 28.50 0.93% 14.20 13.34
Including 15.80 25.10 1.05% 9.30 8.74
Lower 37.95 39.00 0.23% 1.05 0.99
Drill hole DHT-67 (-50o to 030o) – 91.40m long
Upper Carbonate 8.45 10.30 0.24% 1.85 1.72
Main 44.90 49.90 0.50% 5.00 4.66
Lower 64.54 67.54 0.29% 3.00 2.80
Drill hole DHT-68 (Vertical) – 187.50m long
No significant mineralization
Drill hole DHT-69 (Vertical) – 145.15m long
Main 82.85 84.70 0.87% 1.85 1.74
Lower 93.75 102.50 0.49% 8.75 8.22
Including 93.75 96.85 0.82% 3.10 2.91
Tabuaço-Aveleira Gap Drilling Results Highlights
Drill hole DHT-75 (Vertical) – 75.50m long
Main 33.20 35.10 0.46% 1.90 1.79
Lower 38.96 40.00 0.44% 1.04 0.98

Nikolause Perrault, President and CEO of Colt commented:

Our in-fill drilling program at Tabuaço has significantly boosted our confidence in the continuity of this deposit.  The results released today continue to confirm its quality as we advance towards a NI43-101 compliant resource update.  In addition, recently reported positive drilling results at the nearby Aveleira discovery and at the gap between Aveleira and Tabuaço, give us great confidence in our ability to significantly expand the size of the overall resources at the Tabuaço Project in the quarters ahead.

Click here to view the full press release. 

drill results tsxv:gtp
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