Colt Resources Inc. (TSX-V: GTP) (FRA: P01.F) (OTCQX: COLTF) is the largest lease holder of mineral concessions in Portugal.
Colt has assembled the largest mineral lease portfolio including gold, tungsten and base metals in Portugal.
Colt Resources Strong Investor Base
The Company operates two wholly-owned subsidiaries in Portugal:
The Montemor Gold Project and Montemor Regional Concession
The Montemor Gold Project and Montemor Regional Concession are located some 100 km east of the Lisbon, the capital city, near the towns of Montemor-o-Novo and Évora, in the Alentejo region of southern Portugal.
Boa Fé / Montemor Projects Advanced Stage Gold Projects
Colt Resources Portuguese Projects and Concessions
1. Penedono Gold Property Concession
Penedono Gold Concession with Extent of Known Gold Bearing Zones over 16 KM
The Penedono Concession consists of 51.231km2, which represents a reduction from the original concession area as an annual requirement under Portuguese mining law. Colt has subsequently been successful in negotiating an extension of the concession for an additional 3 years and has increased the size of the concession to 102.471 km2.
As at December 31, 2010 the Company had invested $1.8 million ($1.5 million as at March 31, 2010) with respect to its Penedono Concession and Exploration License.
2. Armamar-Meda Tungsten Concession
The Armamar Meda Concession consists of 436.81 km2 which in turn is partially surrounded by the Moimenta-Almendra concession consisting of 566.58 km2.
As at December 31, 2010, the Company has invested $845,473 ($530,623 as at March 31, 2010) with respect to its Armamar Meda Concession and Exploration License.
3. Moimenta-Almendra Base and Precious Metal Concession
The Moimenta-Almendra Property which has a surface area of approximately 566 km2 and which is partially contiguous to the Company’s Penedono and Armamar-Meda Exploration Concessions (the “Moimenta-Almendra Exploration Licence”).
As at December 31, 2010, the Company has invested $211,037 ($141,263 as at March 31, 2010).
4. Santa Margarida do Sado VMS Concession
The Santa Margarida do Sado concession consists of 360.46 km2 of prospective ground situated on the western extension of the Iberian Pyrite Belt, where the favourable basement geology is concealed under Tertiary cover sediments of the Lower Sado Basin. The IPB extends for more than 250 km from southern Spain through southern Portugal and is the host for numerous volcanogenic massive sulphide deposits in both countries, including several giant deposits with (greater than) 100 Mt total geologic resources, such as Rio Tinto and Tharsis in Spain, and Aljustrel and Neves-Corvo in Portugal.
Santa Margarida do Sado
As at December 31, 2010, the Company has invested $124,934 ($33,317 for March 31, 2010) with respect to its Santa Margarida do Sado Concession and Exploration License.
Colt Resources Is the Largest Holder of Mineral Exploration Rights in Portugal
Portugal: Excellent Mining Environment
President & CEO
Colt Resources Inc.
Declan Costelloe CEng,
Executive Vice President and COO
Colt Resources Inc.
Tel: (514) 317-6301
Fax: (514) 317-6302
Renmark Financial Communications Inc.
Florence Liberski: email@example.com
Bettina Filippone: firstname.lastname@example.org
Tel.: (514) 939-3989 or (416) 644-2020
FORWARD-LOOKING STATEMENTS: This document does not constitute an offering document. Potential investors or shareholders should not rely on the information contained in this document before making an investment decision. Certain of the information contained in this presentation 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 presentation, 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 presentation to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to Colt in Portugal and will be producing several NI 43-101 compliant reports as projects progress (see: January 18, 2011 press release). Jeffrey Volk, MSc, CPG, FAusIMM, of SRK Consulting (U.S.) Inc., is the independent qualified person, as defined in NI 43-101, for Colt’s projects in Portugal.
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