Dreimal gut: Grade + Längen + Tiefen
- ein 30 Km langer Goldgürtel in Portugal:
Colt Resources intersects 4.46g/t Au over 19.60m, including
14.92g/t Au over 3.43m at its Boa Fé Gold Project, Southern
Portugal
Trading Symbols: GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL, March 26 /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
corresponding to four recently completed drillholes from the
ongoing drilling and trenching campaign on its Boa Fé gold project,
located within the Company's 100% owned (47Km2) Boa Fé Experimental
Mining License (EML) in southern Portugal. The Boa Fé EML is
completely surrounded by the Company's 100% owned (732Km2) Montemor
exploration concession.
The results from the Chaminé, Ligeiro and Casas Novas deposits are
highlighted as follows:
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Chaminé Deposit
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Drill hole BFCH-12-010 (Inclined -55(degrees) to 085(degrees))
-
288.15m long
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From (m) To (m) Grade g/t Au Interval (m)*
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106.50 118.24 6.78 11.74
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(Including) 114.82 118.24 8.23 3.42
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And 128.93 134.38 2.61 5.45
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Drill hole BFCH-12-012 (Vertical) - 63.00m long
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From (m) To (m) Grade g/t Au Interval (m)*
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31.50 47.98 4.11 16.48
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(Including) 43.32 47.98 9.71 4.66
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Casas Novas Deposit
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Drill hole BFCN-12-001 (Inclined -45(degrees) to 032(degrees))
-
157.55m long
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From (m) To (m) Grade g/t Au Interval (m)*
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57.70 77.30 4.46 19.60
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(Including) 57.70 61.13 14.92 3.43
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Ligeiro Deposit
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Drill Hole BFLG-12-002 (Vertical) - 94.30m long
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From (m) To (m) Grade g/t Au Interval (m)*
16.85 22.06 3.51 5.21
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* True Width has not been determined at this time.
Nikolas Perrault, President and CEO of Colt, stated, "We have
commenced the process of unlocking value at Casas Novas, located
400m NW of the Chaminé deposit. These initial
near surface
results combined with the additional positive near surface results
from Chaminé and Ligeiro being reported today, strengthen our
resolve to continue our aggressive advanced exploration campaign
designed to rapidly develop several previously identified gold
deposits located within our 100% controlled Boa Fé project."
Program Strategy
Gold mineralization has been identified in several deposits along
a shear zone that extends over some 30 Kilometers along
strike (Figure 1). Previous shallow drilling (Figure 2) was
focussed on the highest grading portions of gold anomalies that
closely follow the regional shear. The mineralisation style
interpreted in the current model assumes that high grade gold
mineralisation occurs where conjugate sets of shears intersect and
reinforce each other (refer to press release 15th March 2012).
Hole BFCH-12-012 was drilled on a short fence-line along section
line 6525N at Chaminé. BFCH-12-011 (reported in press release 15th
March 2012) was the first hole drilled on this fence. These holes
were drilled vertically to get a better definition of the high
grade zone which was outlined in an area previously drilled with
holes inclined to the north-east (Figure 3). The intersections
increase the volume of high grade material above 1g/t Au in this
zone and also strengthen the model concept outlined above. This
model links the elevated gold mineralization with conjugate shear
sets that intersect at shallow angles, creating more space for the
passage of gold mineralising fluids.
Hole BFCH-12-010 is a relatively deep inclined hole (deeper than
100m) drilled along section line 6600N at Chaminé which has been
successful in intersecting mineralisation in a gap in the northern
half of the deposit, where no drilling was performed previously. By
infilling this gap, confidence in the resource in this part of the
deposit has been significantly improved (see location on Figure
2).
Hole BFCN-12-001 is the first hole in the program to validate
previous historical results at Casa Novas and twins a hole
previously drilled on behalf of RioFinex. There appears to be an
acceptable correlation between the two sets of results in terms of
grade and grade distribution. Hole BFLG-12-002 confirms the
presence of significant mineralization at Ligeiro reported by the
historical drilling.
Colt will continue to test its current ideas on structural
interpretation against previous models and aims to finalize a 3D
model that incorporates the concept of conjugate shear orientations
reinforcing each other and leading to higher grades of gold
mineralization. The Company will continue its aggressive advanced
stage exploration campaign at Boa Fé consisting of a combination of
vertical and inclined drill holes positioned to confirm previous
drilling results at the Chaminé, Casas Novas, Ligeiro, Braços and
Banhos deposits and investigate the gaps between Chaminé-Casas
Novas and Chaminé-Ligeiro to increase resource potential. Results
currently being interpreted from geophysical exploration
(resistivity and seismic orientation surveys across Chaminé) will
greatly assist in advancing targets in the gap areas. High priority
regional targets identified through field prospecting will also be
tested. The results of this phase of work will form the basis for
an initial NI 43-101 compliant resource estimate to be prepared
later in 2012 covering several previously drilled gold bearing
deposits within the Boa Fé EML.
Minimal drilling has been performed to test depth extensions below
an average of 100 metres or along strike between known mineralized
deposits. Given the shear zone style of mineralization and
extensive gold anomalies in soils, there is good potential to build
upon previous work that supported several non NI43-101 compliant
resource estimates (see press release March 7, 2011).
Quelle:
http://www.newswire.ca/en/story/943795/colt-resources-inters…
Salve,
Tasche