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coal investing

Colt Resources Confirms Historical Skarn Tungsten Mineralization at Tabuaco

Written by Investing News Network
|
Apr. 02, 2015 11:43AM PST

Colt Resources (TSXV:CAD) reported that drilling in the Gap Zone at its Tabuaço Tungsten Project in northern Portugal, specifically hole DHT-114, confirm continuity between the skarn tungsten mineralization intersected by 2012 hole DHT-88 and 2014 holes DHT-113 and DHT-115 . The set of 4 holes in the current drill program indicated the presence of a new and significant zone of tungsten mineralization.

Colt Resources (TSXV:GTP) reported that drilling in the Gap Zone at its Tabuaço Tungsten Project in northern Portugal, specifically hole DHT-114, confirm continuity between the skarn tungsten mineralization intersected by 2012 hole DHT-88 and 2014 holes DHT-113 and DHT-115 . The set of 4 holes in the current drill program indicated the presence of a new and significant zone of tungsten mineralization.

As quoted in the press release:

The results of hole DHT-114 confirm continuity between the skarn tungsten mineralization intersected by 2012 hole DHT-88 and 2014 holes DHT-113 and DHT-115

… Interpretation and Follow-up

The set of four holes from DHT-88 in the southeast, through DHT-114 and DHT-113, to DHT-115 in the northwest, indicates the presence of a new, significant zone of tungsten mineralization, located approximately 300m NW of the São Pedro das Águias resource area, and approximately 300m south of the Aveleira resource area (Figures 1 and 2).

These four holes intersected up to three main, thick and well mineralized skarn horizons, with a confirmed to date strike length ranging from 75 metres for the upper horizon, to 125 metres for the lower horizon (Figure 2).

This mineralized zone appears to be closed off to the SE, but remains open to the NW (Figure 2). Additional drilling has already been carried out in order to test for the continuation of this zone to the NW, as well as across strike to the SW and NE, and a significant proportion of these holes encountered mineralization. Further analytical results are expected shortly, and will be communicated in the near future.

Click here to read the Colt Resources (TSXV:CAD) press release
Click here to see the Colt Resources (TSXV:CAD) profile.

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