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10.07.12 14:52
#76
viena
Tungsten
Colt-in-talks-with-potential-partners-for-tungsten-mine
NEW YORK — Colt Resources Inc. is in talks with possible joint-venture partners for what could become Europe’s largest tungsten mine.
"We have been in very active discussions with both European and Asian industry players," president and chief executive officer Nikolas Perrault told AMM Monday. He declined to name any potential parties.
The Tabuaço project in northern Portugal could add about 1.5 percent to global tungsten mine output, projected to be about 76,850 tonnes annually by the International Tungsten Industry Association after its projected startup in the first half of 2015, according to Perrault.
That means production of about 1,153 tonnes per year of tungsten, according to AMM’s calculations, which the mine will likely produce in an intermediate form, such as tungsten trioxide, Perrault said.
The Montreal-based company is currently drilling the property to determine the extent of its deposits and expects to release an updated 43-101-compliant resource estimate in September, according to Perrault.
The deposit’s ore grades, which are up to four times higher than those found at the nearby Panasqueira tungsten mine, have played a big part in attracting potential joint-venture partners, Perrault said.
"It’s testimony to the quality of the project," he said.
NEW YORK — Colt Resources Inc. is in talks with possible joint-venture partners for what could become Europe’s largest tungsten mine.
"We have been in very active discussions with both European and Asian industry players," president and chief executive officer Nikolas Perrault told AMM Monday. He declined to name any potential parties.
The Tabuaço project in northern Portugal could add about 1.5 percent to global tungsten mine output, projected to be about 76,850 tonnes annually by the International Tungsten Industry Association after its projected startup in the first half of 2015, according to Perrault.
That means production of about 1,153 tonnes per year of tungsten, according to AMM’s calculations, which the mine will likely produce in an intermediate form, such as tungsten trioxide, Perrault said.
The Montreal-based company is currently drilling the property to determine the extent of its deposits and expects to release an updated 43-101-compliant resource estimate in September, according to Perrault.
The deposit’s ore grades, which are up to four times higher than those found at the nearby Panasqueira tungsten mine, have played a big part in attracting potential joint-venture partners, Perrault said.
"It’s testimony to the quality of the project," he said.
15.07.12 17:41
#77
viena
perrault
YouTube Video
18.07.12 09:13
#78
viena
tungsten
China domination of tungsten stirs concern for Sen. Casey
About Lou Kilzer
Tribune-Review Staff reporter Lou Kilzer can be reached via e-mail or at 412-380-5628.
TribLIVE Mobile | Contact us
More Tribune-Review
By Lou Kilzer
Published: Wednesday, July 11, 2012, 12:01 a.m.
Updated: Wednesday, July 11, 2012
U.S. Sen. Robert Casey, D-Scranton, pressed the Department of Defense on Tuesday to speed release of tungsten from strategic stockpiles to preserve jobs at American manufacturers who depend on buying some of that supply.
Casey said in a letter that the industry is “dominated by China,” and he was fearful that unless DOD acts quickly, hundreds of jobs will be lost overseas as well as the “intellectual capacity” to make parts necessary for national defense.
Figures from the U.S. Geological Survey show that last year, China produced 83 percent of the world’s tungsten and kept a substantial amount for its own consumption. The United States, Europe and Japan consume 55 percent of the world’s tungsten production while producing 5 percent, according to Ormonde Mining of Ireland.
Kennametal Inc., which has a plant in China, has expressed concern over the outlook for obtaining certain raw materials to continue American manufacturing operations. The industrial tooling manufacturer is based in Unity.
“It is our understanding that an interruption in the tungsten concentrate feedstock used by American tungsten manufacturers will force the shutdown of several production lines and eliminate hundreds of American manufacturing jobs,” Casey said in his letter.
Two years ago, China began restricting exports of rare earth materials used in military weapons as well as domestic uses such as LED screens, other electronic goods and hybrid cars. Several companies outside of China began mining projects, but with mixed success.
Colorado-based Molycorp recently acquired a company to process some of the material in China, where rare-earth engineering is concentrated. Another project in Malaysia has been delayed for environmental reasons.
The Defense Department uses tungsten in “many strategically vital weapons systems,” Casey said. He noted the country has 34 million pounds of tungsten reserves and had indicated it plans to release a maximum of 8 million pounds this year.
So far, he said, no tungsten has been released.
Spokeswomen for the DOD and Kennametal were unable to comment.
About Lou Kilzer
Tribune-Review Staff reporter Lou Kilzer can be reached via e-mail or at 412-380-5628.
TribLIVE Mobile | Contact us
More Tribune-Review
By Lou Kilzer
Published: Wednesday, July 11, 2012, 12:01 a.m.
Updated: Wednesday, July 11, 2012
U.S. Sen. Robert Casey, D-Scranton, pressed the Department of Defense on Tuesday to speed release of tungsten from strategic stockpiles to preserve jobs at American manufacturers who depend on buying some of that supply.
Casey said in a letter that the industry is “dominated by China,” and he was fearful that unless DOD acts quickly, hundreds of jobs will be lost overseas as well as the “intellectual capacity” to make parts necessary for national defense.
Figures from the U.S. Geological Survey show that last year, China produced 83 percent of the world’s tungsten and kept a substantial amount for its own consumption. The United States, Europe and Japan consume 55 percent of the world’s tungsten production while producing 5 percent, according to Ormonde Mining of Ireland.
Kennametal Inc., which has a plant in China, has expressed concern over the outlook for obtaining certain raw materials to continue American manufacturing operations. The industrial tooling manufacturer is based in Unity.
“It is our understanding that an interruption in the tungsten concentrate feedstock used by American tungsten manufacturers will force the shutdown of several production lines and eliminate hundreds of American manufacturing jobs,” Casey said in his letter.
Two years ago, China began restricting exports of rare earth materials used in military weapons as well as domestic uses such as LED screens, other electronic goods and hybrid cars. Several companies outside of China began mining projects, but with mixed success.
Colorado-based Molycorp recently acquired a company to process some of the material in China, where rare-earth engineering is concentrated. Another project in Malaysia has been delayed for environmental reasons.
The Defense Department uses tungsten in “many strategically vital weapons systems,” Casey said. He noted the country has 34 million pounds of tungsten reserves and had indicated it plans to release a maximum of 8 million pounds this year.
So far, he said, no tungsten has been released.
Spokeswomen for the DOD and Kennametal were unable to comment.
21.07.12 16:57
#79
viena
Canadas Broker werden wach
Six- Month Target Price $1.35
OUTLOOK
SUMMARY DATA
Risk Level Above Average
Type of Stock Small - Value
Industry Mining - Gold
Zacks Rank in Industry N/A
Colt Resources is a junior gold exploration company
with two advanced stage projects in Portugal: the
Boa Fé gold project and the Tabuaço tungsten
project. Drilling programs are proceeding at both
properties with positive assay results having been
announced 14 times thus far in 2012. The company
has been very successful in obtaining equity capital
to finance the exploration and development of these
gold and tungsten projects. Both Boa Fé and
Tabuaço have NI 43-101-compliant estimated
resource reports. We initiate coverage of Colt
Resources with an Outperform rating.
OUTLOOK
SUMMARY DATA
Risk Level Above Average
Type of Stock Small - Value
Industry Mining - Gold
Zacks Rank in Industry N/A
Colt Resources is a junior gold exploration company
with two advanced stage projects in Portugal: the
Boa Fé gold project and the Tabuaço tungsten
project. Drilling programs are proceeding at both
properties with positive assay results having been
announced 14 times thus far in 2012. The company
has been very successful in obtaining equity capital
to finance the exploration and development of these
gold and tungsten projects. Both Boa Fé and
Tabuaço have NI 43-101-compliant estimated
resource reports. We initiate coverage of Colt
Resources with an Outperform rating.
22.07.12 09:58
#80
viena
tungsten
tungsten had been trading in a range between $240 and $270 per MTU, we estimate that the São Pedro das Águias zone deposit alone would be worth $0.30 to $0.40 per Colt share to a strategic buyer today.
25.07.12 10:59
#81
viena
zack,zack
Zacks initiates coverage of Colt Resources with an Outperform rating
Steven Ralston, CFA
Zacks has initiated coverage of Colt Resources (V.GTP: TSX-V) with an Outperform rating and a target of $1.35. Colt Resources is a junior gold exploration company with two advanced stage projects in Portugal: the Boa Fé gold project and the Tabuaço tungsten project. Drilling programs are proceeding at both properties with positive assay results having been announced 14 times thus far in 2012. The company has been very successful in obtaining equity capital to finance the exploration and development of these gold and tungsten projects. Both Boa Fé and Tabuaço have NI 43-101-compliant estimated resource reports.
We believe that the Chaminé and Casas Novas gold deposits at Boa Fé and the São Pedro das Águias scheelite (tungsten) deposit at Tabuaço are readily recoverable. Management’s internal goal is to initiate production at both locations in 2014. The Chaminé deposit at Boa Fé is well-suited for an open pit mining project under the experimental mining license, which allows for an open pit with a maximum surface area of 5 hectares. An initial NI 43-101-compliant resource estimate for the Chaminé and Casas Novas deposits was released on July 3rd, 2012. Management has accelerated drilling in order to evaluate nearby deposits and plans to complete a preliminary economic assessment by the first quarter of 2013. At Tabuaço, drilling continues in order to better delineate and upgrade the tungsten resource estimate, which is expected later this year. An internal preliminary conceptual mine plan has been completed, and management plans to apply for an experimental mining license. Management is in discussions with a number of unnamed parties to act as a potential partner to bring the scheelite mine to production within two to three years.
Colt Resources is also drilling areas adjacent to the deposits slated for production. The Boa Fé shear zone hosts a series of high grade, near-surface gold deposits and occurrences. Within the confines of the Boa Fé experimental mining license, confirmatory and exploratory drilling is also occurring at the Banhos, Braços, Covas and Ligeiro deposits. Historical drilling at these deposits suggests significant potential. At Tabuaço, other promising occurrences of scheelite around the São Pedro das Águias deposit are being investigated, namely, Quinta das Herédias, Quintã, Quinta do Paço and Quinta da Aveleira. These numerous targets at Boa Fé and Tabuaço have the potential to define additional economic deposits that could be brought into production with Chaminé, Casas Novas and San Pedro das Águias.
Nikolas Perrault, CFA, was appointed CEO in December 2008. While at Colt Resources, Mr. Perrault has a track record of opportunistically pursuing acquisitions of concessions in Portugal, most recently the Boa Fé gold project. Prior to Mr. Perrault’s arrival, the Penedono concession had been the company’s primary focus. Mr. Perrault is fast-tracking the development of the Boa Fé and Tabuaço projects.
Our price target is based on an estimated share value of attributable resources. The methodology ascertains a value for each property and accounts for relevant balance sheet items such as working capital, PPE (property, plant and equipment), marketable securities and debt. The value of each individual property is determined by adjusting the value of current resources for the expected recovery rate, mining/processing costs and net smelter royalties. Based on our calculation of share value of attributable resources, the target for Colt Resources’ stock is $1.35 supporting our Outperform rating. The valuation model is quite conservative in that it includes the development costs of two mining operations (gold at Boa Fé and tungsten at Tabuaço). In general, these costs are not usually incorporated into resource-based models. For comparison purposes, removing the development costs would produce a $2.26 per share value of attributable resources.
Please visit scr.zacks.com to access a free copy of the full initiation report.
Steven Ralston, CFA
Zacks has initiated coverage of Colt Resources (V.GTP: TSX-V) with an Outperform rating and a target of $1.35. Colt Resources is a junior gold exploration company with two advanced stage projects in Portugal: the Boa Fé gold project and the Tabuaço tungsten project. Drilling programs are proceeding at both properties with positive assay results having been announced 14 times thus far in 2012. The company has been very successful in obtaining equity capital to finance the exploration and development of these gold and tungsten projects. Both Boa Fé and Tabuaço have NI 43-101-compliant estimated resource reports.
We believe that the Chaminé and Casas Novas gold deposits at Boa Fé and the São Pedro das Águias scheelite (tungsten) deposit at Tabuaço are readily recoverable. Management’s internal goal is to initiate production at both locations in 2014. The Chaminé deposit at Boa Fé is well-suited for an open pit mining project under the experimental mining license, which allows for an open pit with a maximum surface area of 5 hectares. An initial NI 43-101-compliant resource estimate for the Chaminé and Casas Novas deposits was released on July 3rd, 2012. Management has accelerated drilling in order to evaluate nearby deposits and plans to complete a preliminary economic assessment by the first quarter of 2013. At Tabuaço, drilling continues in order to better delineate and upgrade the tungsten resource estimate, which is expected later this year. An internal preliminary conceptual mine plan has been completed, and management plans to apply for an experimental mining license. Management is in discussions with a number of unnamed parties to act as a potential partner to bring the scheelite mine to production within two to three years.
Colt Resources is also drilling areas adjacent to the deposits slated for production. The Boa Fé shear zone hosts a series of high grade, near-surface gold deposits and occurrences. Within the confines of the Boa Fé experimental mining license, confirmatory and exploratory drilling is also occurring at the Banhos, Braços, Covas and Ligeiro deposits. Historical drilling at these deposits suggests significant potential. At Tabuaço, other promising occurrences of scheelite around the São Pedro das Águias deposit are being investigated, namely, Quinta das Herédias, Quintã, Quinta do Paço and Quinta da Aveleira. These numerous targets at Boa Fé and Tabuaço have the potential to define additional economic deposits that could be brought into production with Chaminé, Casas Novas and San Pedro das Águias.
Nikolas Perrault, CFA, was appointed CEO in December 2008. While at Colt Resources, Mr. Perrault has a track record of opportunistically pursuing acquisitions of concessions in Portugal, most recently the Boa Fé gold project. Prior to Mr. Perrault’s arrival, the Penedono concession had been the company’s primary focus. Mr. Perrault is fast-tracking the development of the Boa Fé and Tabuaço projects.
Our price target is based on an estimated share value of attributable resources. The methodology ascertains a value for each property and accounts for relevant balance sheet items such as working capital, PPE (property, plant and equipment), marketable securities and debt. The value of each individual property is determined by adjusting the value of current resources for the expected recovery rate, mining/processing costs and net smelter royalties. Based on our calculation of share value of attributable resources, the target for Colt Resources’ stock is $1.35 supporting our Outperform rating. The valuation model is quite conservative in that it includes the development costs of two mining operations (gold at Boa Fé and tungsten at Tabuaço). In general, these costs are not usually incorporated into resource-based models. For comparison purposes, removing the development costs would produce a $2.26 per share value of attributable resources.
Please visit scr.zacks.com to access a free copy of the full initiation report.
01.08.12 10:02
#82
viena
in ca. zwei Wochen dürfte
der Newsflow richtig losgehen!
In ca. 30 Tagen ist das neue Bohrteam am werkeln!
Dann werden auch diese "ALDI-Preise" zu Ende sein.
In ca. 30 Tagen ist das neue Bohrteam am werkeln!
Dann werden auch diese "ALDI-Preise" zu Ende sein.
15.08.12 08:38
#83
viena
Erste Ratings
aus Übersee: Register | Log in Colt Resources announces drilling results on Monfurado gold deposit - Analyst Blog Follow Zacks.com See all from Zacks.com Article Tools: Stumble It Tweet It Facebook LinkedIn More Sharing ServicesShare It Posted 8/14/2012 12:00 PM by Zacks Equity Research from Zacks.com in Investing, Business, Stocks 0 comments | Like it Don't like it Colt Resources announces drilling results on Monfurado gold deposit By Steven Ralston, CFA Colt Resources ( V.GTP ) announced the analytical results of five recently completed drill-holes completed on the Monfurado gold deposit located in its 100%-owned Montemor Regional gold exploration concession. Significant intersections include 5.31 g/t Au over 7.56 meters and 2.80 g/t Au over 10.08 meters. The Montemor concession encompasses 728.22 square kilometers in the Alentejo Region of southern Portugal. Four shear corridors lie within the Montemor Regional concession, namely the Monfurado, Mourel, Gouveia and Grou belts. In January 2012, Colt Resources began a field-based exploration program targeting three of the four shear corridors (Monfurado, Mourel and Gouveia). During the first half of 2012, prospecting, pilot soil geochemical surveys, stream sediment surveys and trenching were completed. The Monfurado area is the first target area to be drill tested in the Montemor Regional concession by Colt Resources. At least six scout diamond drill holes have been completed along the Monfurado shear-zone corridor in the Monfurado area. High-grade gold mineralization was intersected over 7.56 meters grading 5.31 g/t with hole no. 4 and over 1.32 meters grading 4.70 g/t with hole no. 6. The company's current model assumes that high-grade gold mineralization occurs where conjugate sets of shears intersect, which is totally consistent with historical exploratory results. Low-grade gold mineralization was encountered over longer distances with hole no. 1 intersecting 0.52 g/t Au over 14.25 meters and hole no. 2 assaying 0.48 g/t Au over 14.23 meters. The assay results confirm the presence of near-surface gold mineralization in a specific area previously mined for iron. Also, the drilling results correlate well with historical holes that were utilized in a JORC-compliant resource estimate on the Montemor concession conducted for Iberian Resources in late-2005, in which DataGeo Geological Consultants estimated an inferred gold resource of 10,438 ounces in the deposit located at Monfurado. Management is continuing the company's exploration efforts to confirm and expand upon this historical resource estimate for this particular deposit. The company's interpretation of the results indicates a tabular deposit of some regularity with a 40º-to-45º northeasterly dip. The gold mineralization remains open down-dip and along-strike in all directions. Step-out drilling is being performed to test the down dip and strike extension. Our valuation model for Colt Resources only utilizes select gold and tungsten deposits at Boa Fé and Tabuaço, based on NI 43-101-compliant estimated resource reports and historical drilling results. The Monfurado gold deposit is not yet part of our valuation model; however, we expect that ultimately a NI 43-101-compliant resource estimate on the Montemor Regional concession will be forthcoming. We reaffirm our Outperform rating and price target of $1.35, which is based on an estimated share value of attributable resources. Read more: http://community.nasdaq.com/News/2012-08/...ryid=163876#ixzz23auPmLEZ
15.08.12 08:43
#84
viena
FOX -Davies
bleibt auch bei "BUY"
The Monfurado gold mineralization remains open both down-dip and alongstrike
in all directions. Hence further step-out drilling is currently being carried
out to determine the extents of this zone, and new drilling will be planned to
test the strike continuation of the deposit to the Southeast of hole MOMF-12-
004.
These positive results obtained from Monfurado confirm that potentially
economic gold mineralization can be found elsewhere at the Montemor and
Boa Fé concessions in a distinctly different geologic setting to that seen at the
known deposits occurring along the Boa Fé shear corridor (e.g. Chaminé, Casas
Novas), either in terms of host formations, metamorphic grade, nature of
shearing, mineralogy, or geochemical signature.
The Monfurado gold mineralization remains open both down-dip and alongstrike
in all directions. Hence further step-out drilling is currently being carried
out to determine the extents of this zone, and new drilling will be planned to
test the strike continuation of the deposit to the Southeast of hole MOMF-12-
004.
These positive results obtained from Monfurado confirm that potentially
economic gold mineralization can be found elsewhere at the Montemor and
Boa Fé concessions in a distinctly different geologic setting to that seen at the
known deposits occurring along the Boa Fé shear corridor (e.g. Chaminé, Casas
Novas), either in terms of host formations, metamorphic grade, nature of
shearing, mineralogy, or geochemical signature.
15.08.12 08:47
#85
viena
Allerdings
sind im Moment alle guten Goldfirmen ein Kauf-sofern man an weiterhin 1700 Dollar glaubt.
Colt ist allerdings in der speziellen Lage , daß auch Tungsten alleine zumindest die derzeitige Marketcap wert ist :-)
Colt ist allerdings in der speziellen Lage , daß auch Tungsten alleine zumindest die derzeitige Marketcap wert ist :-)
15.08.12 09:52
#86
viena
Thom Calandra
-eine WIRKLICHE Legende zu Colt:
The adrenalin started last night, when I was out with Nikolas Perrault and Natalia Sokolova of Colt Resources. The two of them are in town "telling the Portugal gold and tungsten story." What brought tears of (g)old, or almost, was not the red pepper flakes on the Luella (Russian Hill) artisan pizza. Or the 9 percent Fin du Monde lager from Quebec. It was sharing ideas, themes, perceptions with world travelers.
Er hat Colt gekauft und will zukaufen!
Ich empfehle vor allem Natalia Sokolova zu googeln :-)
Ist es wert.
The adrenalin started last night, when I was out with Nikolas Perrault and Natalia Sokolova of Colt Resources. The two of them are in town "telling the Portugal gold and tungsten story." What brought tears of (g)old, or almost, was not the red pepper flakes on the Luella (Russian Hill) artisan pizza. Or the 9 percent Fin du Monde lager from Quebec. It was sharing ideas, themes, perceptions with world travelers.
Er hat Colt gekauft und will zukaufen!
Ich empfehle vor allem Natalia Sokolova zu googeln :-)
Ist es wert.
15.08.12 10:07
#87
viena
17.-19. September
treffen sich wieder alle Hochkaräter zu einer Investment Tour!
"This is an opportunity for you to see both of Colt’s flagship projects "
Danach wird man wieder mal etwas schlauer sein!
Vor allem ist das "neue Team " schon bei den Bohrungen.
"This is an opportunity for you to see both of Colt’s flagship projects "
Danach wird man wieder mal etwas schlauer sein!
Vor allem ist das "neue Team " schon bei den Bohrungen.
16.08.12 20:19
#89
lewwerworscht
weiter so...
...von mir aus kann dein Kumpel ruhig so weitermachen...;-))!
09.09.12 20:15
#91
viena
Freitag
ging es richtig los. Neue Rigs -neue Mannschaft.
Mit dem kaufen auch durch,jetzt kann der Kurs langsam loslegen:-)
Mit dem kaufen auch durch,jetzt kann der Kurs langsam loslegen:-)
17.09.12 21:24
#93
lewwerworscht
hmmm...
Der Kurs hat sich die letzten Tage ein bischen stabilisiert, könnte demnach bald die nächste Stufe nach oben gehen, was meint ihr ?
Sieht so schlecht nicht aus :-)
Sieht so schlecht nicht aus :-)
18.09.12 14:44
#94
viena
die heutigen Bohrergebnisse
sind der Überhammer:
10m mit 1,50% WO3
13,30m mit 0,093 WO3
8,74m mit 1,05 % WO3
Gewaltig dreimal bessere Grade als die Produzenten...
10m mit 1,50% WO3
13,30m mit 0,093 WO3
8,74m mit 1,05 % WO3
Gewaltig dreimal bessere Grade als die Produzenten...
18.09.12 14:48
#95
viena
Perrault
Nikolas Perrault, President and CEO of Colt, stated, "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."
18.09.12 14:57
#96
viena
1,50% WO3 over 10m
Colt Resources intersects 1.50% WO3 over 10.01m and 0.93% WO3 over 13.34m including 1.05% WO3 over 8.74m at its Tabuaço Tungsten Project, Northern Portugal
Trading Symbols:
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL, Sept. 18, 2012 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce that it has received final analytical results for seven holes from its ongoing infill drilling campaign at its Tabuaço tungsten project (São Pedro das Águias) and one hole from the Tabuaço-Aveleira gap, located in the Company's wholly owned Armamar‐Meda concession in northern Portugal.
Nikolas Perrault, President and CEO of Colt, stated, "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."
The drilling results (Figure 1) are highlighted as follows:
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
* True Width was determined assuming the mineralization has an average strike of 315º and an average dip of -20º
DHT-57 was drilled to infill a gap in section line 1300 between DHT-21 and the Main Skarn Horizon outcrop. It also aimed to test the continuity along dip of the grades obtained in the previous channel sampling of the outcrop. Results show rich scheelite mineralization and confirm the continuity of the mineralization observed in the outcrop.
DHT-58 was drilled on section line 1200 to infill a gap between DHT-36 and DHT-38A.
DHT-65 was drilled to test the effect that the mapped north-south fault has on mineralization and to also infill section 1500 between DHT-22A and DHT-64.
On section line 1250 DHT-66 (Figure 2) was drilled to test the continuity of mineralization of the Main Skarn Horizon between DHT-52 and where it outcrops. Results show high grade mineralisation and confirm continuity and thickness as extrapolated on this section. DHT-69 was also drilled on section 1250 to infill the gap between DHT-18 and DHT-52.
DHT-68 was drilled to test the extent to the south-west of the deposit on section 1200. This hole was precollared with a blasthole rig to a depth of 90m and then continued with regular diamond drilling to a final depth of 187.50m. Results show no significant mineralisation but the existence of the metasedimentary sequence of the deposit under the granite was confirmed.
DHT-75 (Figure 3) was drilled 120 meters to the NW of the Tabuaço current resource area, to test a soil geochemical anomaly identified by Colt; its collar is also located 65 meters upslope from hole DHT-72 (news release of Sept 5th, 2012). These two mineralized holes suggest a likely north-westerly extension to the Tabuaço deposit, which remained unknown until very recently as a result of an interpreted fault off-set. This likely extension of the deposit will be subject to continuing drill investigation. In addition there are other soil geochemical anomalies in the Tabuaço-Aveleira gap which will also be drill tested in the near future.
The discovery area is not closed off to the north-west and initial results of drilling suggest the potential for mineralization to extend beyond the previous reported resource area (Press Release - September 5, 2012). Drilling down-dip is also planned to test the contact relationship between the mineralized skarns and the granite located to the south-west of Tabuaço (São Pedro das Águias).
Quality Assurance / Quality Control (QA/QC)
Sample intervals are reported as both metres (m) downhole and as true thickness, which have been calculated by Colt Resources using cross-sectional interpretation of the mineralized intercepts in three dimensions. The actual dip of the skarn controlled mineralization is generally shallow.
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 content 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.
Samples are sent by courier to ALS Laboratory Group, Seville, Spain. Samples are analyzed for W and Sn using a metaborate fusion followed by XRF. Assay results for tungsten are reported by the laboratory as W%. WO3 values are calculated using a conversion factor of 1.2611.
A set of standards, duplicates and blanks is inserted by Colt into the sample stream on a regular basis in addition to the laboratory's own internal QA/QC standards and duplicates. QA/QC results to date are well within the accepted norm.
Trading Symbols:
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL, Sept. 18, 2012 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce that it has received final analytical results for seven holes from its ongoing infill drilling campaign at its Tabuaço tungsten project (São Pedro das Águias) and one hole from the Tabuaço-Aveleira gap, located in the Company's wholly owned Armamar‐Meda concession in northern Portugal.
Nikolas Perrault, President and CEO of Colt, stated, "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."
The drilling results (Figure 1) are highlighted as follows:
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
* True Width was determined assuming the mineralization has an average strike of 315º and an average dip of -20º
DHT-57 was drilled to infill a gap in section line 1300 between DHT-21 and the Main Skarn Horizon outcrop. It also aimed to test the continuity along dip of the grades obtained in the previous channel sampling of the outcrop. Results show rich scheelite mineralization and confirm the continuity of the mineralization observed in the outcrop.
DHT-58 was drilled on section line 1200 to infill a gap between DHT-36 and DHT-38A.
DHT-65 was drilled to test the effect that the mapped north-south fault has on mineralization and to also infill section 1500 between DHT-22A and DHT-64.
On section line 1250 DHT-66 (Figure 2) was drilled to test the continuity of mineralization of the Main Skarn Horizon between DHT-52 and where it outcrops. Results show high grade mineralisation and confirm continuity and thickness as extrapolated on this section. DHT-69 was also drilled on section 1250 to infill the gap between DHT-18 and DHT-52.
DHT-68 was drilled to test the extent to the south-west of the deposit on section 1200. This hole was precollared with a blasthole rig to a depth of 90m and then continued with regular diamond drilling to a final depth of 187.50m. Results show no significant mineralisation but the existence of the metasedimentary sequence of the deposit under the granite was confirmed.
DHT-75 (Figure 3) was drilled 120 meters to the NW of the Tabuaço current resource area, to test a soil geochemical anomaly identified by Colt; its collar is also located 65 meters upslope from hole DHT-72 (news release of Sept 5th, 2012). These two mineralized holes suggest a likely north-westerly extension to the Tabuaço deposit, which remained unknown until very recently as a result of an interpreted fault off-set. This likely extension of the deposit will be subject to continuing drill investigation. In addition there are other soil geochemical anomalies in the Tabuaço-Aveleira gap which will also be drill tested in the near future.
The discovery area is not closed off to the north-west and initial results of drilling suggest the potential for mineralization to extend beyond the previous reported resource area (Press Release - September 5, 2012). Drilling down-dip is also planned to test the contact relationship between the mineralized skarns and the granite located to the south-west of Tabuaço (São Pedro das Águias).
Quality Assurance / Quality Control (QA/QC)
Sample intervals are reported as both metres (m) downhole and as true thickness, which have been calculated by Colt Resources using cross-sectional interpretation of the mineralized intercepts in three dimensions. The actual dip of the skarn controlled mineralization is generally shallow.
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 content 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.
Samples are sent by courier to ALS Laboratory Group, Seville, Spain. Samples are analyzed for W and Sn using a metaborate fusion followed by XRF. Assay results for tungsten are reported by the laboratory as W%. WO3 values are calculated using a conversion factor of 1.2611.
A set of standards, duplicates and blanks is inserted by Colt into the sample stream on a regular basis in addition to the laboratory's own internal QA/QC standards and duplicates. QA/QC results to date are well within the accepted norm.
18.09.12 16:13
#97
lewwerworscht
....lecker...
bei diesen Bohrergebnissen sollte der Kurs bald anspringen ;-))
18.09.12 18:10
#98
allgaeuer
bei colt
braucht man sich keine SOrgen machen, die werden ihren Weg gehen