Colt Resources Inc. (COLTF)

[gsfl]

Colt Resources Intersects 1.08% WO3 over 7.65m at its Tabuaço Tungsten Project, Northern Portugal

Trading Symbols: GTP - (TSX-V) P01 - (FRANKFURT)
COLTF - (OTCQX)

MONTRÉAL, May 9 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is
very pleased to announce it has received preliminary analytical results for the recently completed 4th hole drilled this year in its Tabuaço (São Pedro das Águias) tungsten project, located in the Company's wholly owned Armamar-Meda concession in northern Portugal.
Drillhole DHT13 was planned as an infill hole to improve confidence in the geology and grade models and has confirmed the presence and continuity of several thick and richly mineralized skarn horizons.
Colt's current drilling program is designed to confirm and expand the historical, non NI 43-101 compliant resource estimate of 1 million tonnes grading 0.87% WO3 (SPE-BRGM JV, early 1980's).
Nikolas Perrault, President and CEO of Colt, says, "We are very encouraged by these positive results and have accelerated the exploration program having recently commenced drilling using a second rig."
The received results are summarized as follows:
QA/QC
Sample intervals are reported as metres (m) downhole and as such do not represent true width. The actual dip of the skarn controlled mineralization is generally shallow. It is estimated that true widths may range between 75% and 95% of the sample widths.
All drill core is transported by Company personnel from drill site to a nearby secure storage facility for logging and sampling. Sampling intervals are defined after core logging and determination of scheelite contents by examination under short-wave UV- light. One half of the core is sent for analysis, while the other half is retained in the core boxes for future reference.
All samples are sent by courier to OMAC Laboratories Ltd, at Galway, Ireland, an ISO 17025 accredited facility. Samples are analyzed for W and Sn using a metaborate fusion followed by XRF (laboratory code BF/EL). Assay results for tungsten are reported by the laboratory as W%. WO3 values are calculated using a conversion factor of 1.26.
A set of standards, duplicates and blanks is employed by Colt in their sample stream as well as the laboratory's own standards and duplicates. Results to date are well within the accepted norm.
The technical portions of this news release have been prepared and approved by Jeffrey Volk of SRK Consulting (U.S.) Inc., a qualified person as defined by National Instrument 43-101.