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COLTF Capitalizing on Mining Gold and Tungsten Rich Portugal
Colt Resources is one of the leading gold and tungsten mining exploration, and development companies in the expanding Portuguese resource market. COLTF’s 100%-owned, advanced-stage, high-grade gold and tungsten projects in Portugal are expected to be in the production stage starting in the next 18 to 36 months respectively. Colt’s senior management team headed by Nikolas Perrault, President and Chief Executive Officer, is divided between the administrative and field offices in Beloura, Tabuaço and Escoural, Portugal and the corporate office in Montreal, Canada. With its experienced management team, various environmental and community initiatives, and close relationships with the Portuguese Government, Colt is developing its Boa Fé Gold Project and its Tabuaço Tungsten Project.
The Boa Fé Experimental Mining License is surrounded by the Montemor Exploration Concession. Both are 100% controlled by Colt. Boa Fé / Montemor is a prospective area known to host several near surface gold deposits hosted within a regional shear mapped to ex-tend over 30km. The deposits remain open along strike and to depth. The area is readily accessible, located 95km east of Lisbon and has sufficient infrastructure including roads, a railway, water, and electricity.
The Tabuaço Experimental Mining License (EML) is located in north central Portugal and like Boa Fé, it too has excellent infrastructure including roads, railway, water supply, and electricity. Tungsten is found as fine to coarse disseminations of scheelite within skarn horizons. The skarns are virtually devoid of sulphides and molybdenum, which is quite favorable for potential mineral processing.
Portugal is enriched with a complex and diversified geology with a considerable mineral potential, leading to the occurrence of a significant number of ore, industrial, and ornamental stone deposits. Mineral exploitation is presently at a considerably high level, originating from world-class deposits, such as Neves-Corvo (Cu, Zn) and Panasqueira (W), but also from other deposits producing salt, feldspar, kaolin, ball clay and fire clay, ornamental stones, and some other mineral substances. Portugal is presently one of the main EU producers of copper, tin, and tungsten (ranking fifth in the world after China, Russia, Bolivia, and Australia) concentrates and an important world producer of ornamental stones.
For more information on the company visit www.coltresources.com
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