Drei Ausrufezeichen an Wolfram:
Colt Resources intersects 0.41%WO3 over 14.46m, including 0.74% WO3
over 5.88m at its Tabuaço Tungsten Project, Northern Portugal
Trading Symbols: GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL, Feb. 22 /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 11 holes
from its ongoing drilling campaign at its Tabuaço (São Pedro das
Aguias) tungsten project, located in the Company's wholly owned
Armamar-Meda concession in northern Portugal.
These results represent both resource confirmation drilling at the
main Tabuaço resource area and regional exploration to test a
previously identified zone that is known to outcrop at Quinta das
Herédias, approximately 200 metres to the southeast of Tabuaço.
In addition, a scout drill hole (DHT-49) recently completed by Colt
Resources to test a soil geochemical anomaly at Quinta da Aveleira,
approximately 750 metres northwest of the Tabuaço resource area,
has intersected previously undiscovered, scheelite mineralized
skarn horizons similar to those intersected at Tabuaço. These
represent a grey metasomatized main unit and a pink/green banded
lower unit in proximity to a granite contact. Although assay
results for this new mineralization are still pending, Colt
believes that this new discovery may represent an opportunity to
significantly increase resources.
The collection of bulk samples using large diameter core to allow
more detailed metallurgical testwork to improve recoveries and
assist in designing optimal processing methods has also commenced.
Colt announced the initial NI 43-101 estimate for the Tabuaço
deposit in November 2011 (Press Release November 7th, 2011).
Nikolas Perrault, President and CEO of Colt, stated, "The discovery
of a new zone of mineralization provides a strong indication that
the Tabuaço deposit will grow. We are very pleased with this latest
development and look forward to being able to release results as
soon as possible."
These results are part of an ongoing drilling program designed to
provide data on the internal grade and structural consistency of
the main Tabuaço skarn hosted tungsten deposit and to test
extensions and nearby mineralized skarn horizons with similar
characteristics to the main deposit.
The results are highlighted as follows:
Tabuaço main resource area
-------------------------------------------------------------------------
From (m) To (m) Grade % WO3 Interval (m) True Width (m)*
-------------------------------------------------------------------------
Drill hole DHT-31 (Inclined -60 degrees to 126 degrees) - 180.20m
deep
-------------------------------------------------------------------------
121.60 134.60 0.29% 13.00 10.93
-------------------------------------------------------------------------
Including 122.60 128.60 0.49% 6.00 5.88
-------------------------------------------------------------------------
139.00 156.20 0.41% 17.20 14.46
-------------------------------------------------------------------------
Including 147.75 154.75 0.74% 7.00 5.88
-------------------------------------------------------------------------
Drill hole DHT-34 (Inclined -55 degrees to 030 degrees) - 79.85m
deep
-------------------------------------------------------------------------
30.70 35.10 0.89% 4.40 4.22
-------------------------------------------------------------------------
42.80 47.80 0.55% 5.00 4.80
-------------------------------------------------------------------------
Drill hole DHT-36 (Vertical) - 163.35m deep
-------------------------------------------------------------------------
65.25 71.25 0.31% 6.00 5.64
-------------------------------------------------------------------------
124.33 131.10 0.52% 6.77 6.36
-------------------------------------------------------------------------
Drill hole DHT-37 (Vertical) - 102.60m deep
-------------------------------------------------------------------------
79.10 80.10 0.54% 1.00 0.94
-------------------------------------------------------------------------
Drill hole DHT-38A (Vertical) - 65.50m deep
-------------------------------------------------------------------------
19.95 25.40 0.46% 5.45 5.12
-------------------------------------------------------------------------
Drill hole DHT-39A (Inclined -73 degrees to 300 degrees) - 171.00m
deep
-------------------------------------------------------------------------
125.45 132.90 0.38% 7.45 6.88
-------------------------------------------------------------------------
137.50 140.80 0.42% 3.30 3.05
-------------------------------------------------------------------------
Drill hole DHT-40 (Vertical) - 108.35m deep
-------------------------------------------------------------------------
84.70 88.05 0.22% 3.35 3.15
-------------------------------------------------------------------------
Drill hole DHT-41 (Vertical) - 221.45m deep
-------------------------------------------------------------------------
155.00 156.0 0.58% 1.00 0.94
-------------------------------------------------------------------------
Drill hole DHT-46 (Vertical) - 61.90m deep
-------------------------------------------------------------------------
13.25 16.40 0.73% 3.15 2.96
-------------------------------------------------------------------------
21.40 24.40 0.45% 3.00 2.82
-------------------------------------------------------------------------
Quinta das Herédias area
-------------------------------------------------------------------------
Drill hole DHT-42 (Vertical) - 61.20m deep
-------------------------------------------------------------------------
10.45 11.50 0.11% 1.05 0.99
-------------------------------------------------------------------------
Drill hole DHT-44 (Vertical) - 68.60m deep
-------------------------------------------------------------------------
23.60 25.20 0.24% 1.60 1.51
-------------------------------------------------------------------------
* True Width was determined assuming the mineralization has an
average
strike of 315 degrees and an average dip of-20 degrees.
Quality Assurance / Quality Control (QA/QC)
Sample intervals are reported as both metres (m) downhole and as
true thickness, which have been calculated using cross sectional
interpretation of the mineralized intercepts in three dimensions.
The actual dip of the skarn controlled mineralization is generally
shallow with an average dip of-20 degrees.
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%. WO(3) 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.
About Colt Resources Inc.
Colt Resources Inc. is a Canadian junior exploration company
engaged in acquiring, exploring, and developing mineral properties
with an emphasis on gold and tungsten. It is currently focused on
advanced stage exploration projects in Portugal, where it is the
largest lease holder of mineral concessions.
SRK ES Director - Gareth O'Donovan CEng MSc BA (Hons) FIMMM FGS, is
the independent qualified person, as defined in NI 43-101, for
Colt's projects in Portugal. Mr. O'Donovan has reviewed the content
of this press release, and consents to the information provided in
the form and context in which it appears.
The Company's shares trade on the TSX-V, symbol: GTP; the Frankfurt
Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.
FORWARD-LOOKING STATEMENTS: Certain of the information contained in
this news release may contain "forward-looking information".
Forward-looking information and statements may include, among
others, statements regarding the future plans, costs, objectives or
performance of Colt Resources Inc. (the "Company"), or the
assumptions underlying any of the foregoing. In this news release,
words such as "may", "would", "could", "will", "likely", "believe",
"expect", "anticipate", "intend", "plan", "estimate" and similar
words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not
be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether, or the times at
or by which, such future performance will be achieved.
Forward-looking statements and information are based on information
available at the time and/or management's good-faith belief with
respect to future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Company's control. These risks, uncertainties
and assumptions include, but are not limited to, those described
under "Risk Factors" in the Company's revised annual information
form dated April 20, 2011 available on SEDAR at www.sedar.com and
could cause actual events or results to differ materially from
those projected in any forward-looking statements. The Company does
not intend, nor does the Company undertake any obligation, to
update or revise any forward-looking information or statements
contained in this news release to reflect subsequent information,
events or circumstances or otherwise, except if required by
applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
PDF with caption: "Tabuaço Exploration Summary". PDF available at:
http://stream1.newswire.ca/media/2012/02/22/20120222_C6279_DOC_EN_10297.pdf
For further information: Nikolas Perrault, President & CEO,
Colt Resources Inc., Tel: +351-219-119813, Fax: (514) 843-7704,
info@coltresources.com; Declan Costelloe CEng, Executive Vice
President and COO, Colt Resources Inc., Tel: +351-219-119813, Fax:
(514) 843-7704, info@coltresources.com; Renmark Financial
Communications Inc.: Florence Liberski:
fliberski@renmarkfinancial.com; John Boidman:
jboidman@renmarkfinancial.com, Tel.: (514) 939-3989 or (416)
644-2020, www.renmarkfinancial.com
Quelle:
http://www.newswire.ca/en/story/925561/colt-resources-inters…
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