-
Sized Silver (mini) (nylf:yi)
23.327
-
Platinum (nymex:pl)
1435.8
-
Silver (nymex:si)
23.32
- Trending
- # Silver Prices
- # Gold Prices
- #
Colt Resources
Colt Resources (TSX-V: GTP) (OTCQX: COLTF), is a Canadian mining exploration and development company, engaged in acquiring, exploring and developing gold and tungsten projects with high grade deposits.
The company is currently focused on advanced stage exploration projects in Portugal, where it is the largest lease holder of mineral concessions.
The firm’s portfolio is comprised of eight mineral exploration properties located in Portugal, including the Boa Fe and Montemor gold projects, the Penedono concession, the Armamar-Meda concession which includes the Tabuaço Tungsten project, the Moimenta-Almendra concession, the Cedovim concession, and the Santa Margarida do Sado concession.
The company was founded on April 25, 2000 and is based in Montreal, Canada.
Montemor gold project
The Montemor gold project is an advanced stage exploration project, covering an area of some 46.8 km 2 in southernPortugal.
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.
On September 29, 2010 Colt submitted to the Direcao Geral de Energia e Geologia (DGEG) an application for an exploration license, the Montemor Regional concession, which is contiguous with and completely surrounds the Montemor gold project. Granting of the concession contract signed on November 2, 2011.
The Montemor Regional concession (including the Montemor gold project) covers a total area of some 728,22 km2. The concession encompasses nearly the entire length of the Boa Fe shear zone and most of the known gold prospects that have been identified in the greater area surrounding the Montemor gold project.
Moimenta-Almendra
Located in northern Portugal, some 100 km east of city of Porto, the Moimenta-Almendra concession consists of 3 separate blocks totalling 566 km2 in area. These concession blocks partially surround the Penedono and Armamar-Meda concessions and are namely from west to east, Moimenta block (98 km2) , Castainço block (102 km2), and Almendra block (365 km2).
Colt Resources Inc. has a 100% interest in the Moimenta-Almendra concession. On October 1, 2008, the Company entered into a prospecting and exploration license agreement with the Direccao-Geral de Energia e Geologia (DGEG), a branch of the Government of Portugal, whereby the Company was granted the exclusive right to prospect and explore for base and precious metals on the Moimenta-Almendra concession.
Located in the NE part of the Moimenta-Almendra concession, the area of Numao was chosen as a follow-up to historical gold and arsenic stream sediment anomalies. No mineral occurrences were known in the area prior to work carried out by Colt.
Preliminary prospecting and mapping work revealed granite-hosted, high grade gold mineralization consisting of millimetric to centimetric quartz-arsenopyrite-scorodite-pyrite veins, locally with enclosing envelopes of arsenopyrite-bearing greisen or sericitized granite. Mineralization was observed over an area some 200 m by 400 m.
Of 39 outcrop and float rock samples collected, 13 samples assayed greater than 1 g/t Au; 7 samples greater than 5 g/t Au; and, 4 samples greater than 10 g/t Au: the latter ranging from 13.81 g/t to 38.29 g/t Au. High grade results, > 5 g/t Au, were mostly from grab samples of thin quartz-arsenopyrite-scorodite or thin semi-massive arsenopyrite-scorodite veinlets in altered granite.
Colt Resources
2000 McGill College Avenue
Suite 2010
Montreal, Quebec
Canada H3A 3H3
Tel: + (514) 843-7178
Fax: + (514) 843-7704
Email: nperrault@coltresources.com
Top Stories
Gold dips further in Asian trade
Gold lost as much as 1.5 percent to $1,338.85 an ounce, the…
- Zimbabwe Gold production to drop below 17 tons
- US-Turkey talks to include Iran Gold deal
-
Silver falls to near three year low in Asia
May 20, 2013 10:38 AM
After the price slump, gold-silver ratio jumped to… -
Gold dips further in Asian trade
May 20, 2013 10:15 AM
Gold lost as much as 1.5 percent to $1,338.85 an ounce,…
-
Zimbabwe Gold production to drop below 17 tons
May 18, 2013 12:25 PM
Platinum output is expected to rise to 12,500 kilograms… -
US-Turkey talks to include Iran Gold deal
May 18, 2013 11:39 AM
In the first quarter of 2013 alone, Iran has received… -
Asian central banks add more Gold in Q1-2013
May 18, 2013 10:54 AM
The Bank of Korea reported it added another 20 tonnes… -
Gold ends week with 7th straight loss
May 18, 2013 09:56 AM
Gold prices fell for the seventh consecutive session…
-
Mexico 2013 Silver production seen at 137.7 million ounces
May 17, 2013 05:06 PM
Mexico mined a record 136.6 million ounces of silver… -
India Gold import drop may hit SA economy
May 17, 2013 03:33 PM
South Africa's total exports to India were valued… -
Malaysia court acquits Genneva men of Gold fraud
May 17, 2013 02:15 PM
Malaysia's central bank however applied for a stay… -
Silver may drop as low as $24 in 2013
May 17, 2013 01:30 PM
The prices were weighed down primarily by the increased…
-
PGM cartel plan yet to get off the blocks
May 16, 2013 05:19 PM
As there are no substitutes for the function of platinum… -
Stage set for another scramble for Gold,Silver
May 16, 2013 03:15 PM
Silver dropped to the lowest since 2010 while gold… -
Gold demand in value terms dips 23% to $51 billion
May 16, 2013 01:42 PM
According to WGC, In value terms, gold demand in Q1… -
India changes Gold,Silver tariff value
May 16, 2013 04:31 PM
According to a notification issued by Central Board…
-
CGSE Silver contract faces starting trouble
May 11, 2013 01:02 PM
The Exchange is confident of strong demand for silver… -
India Gold markets remain clueless ahead of Akshaya Trithiya
May 11, 2013 11:48 AM
Meanwhile, some traders are optimistic about the day… -
Gold ends nearly 2% lower for the week
May 11, 2013 11:11 AM
Silver also fell. The July contract lost 25.3 cents…
-
Deutschbank, BNP Paribas cut Gold outlook
May 10, 2013 06:22 PM
The bank lowered its 2013 gold outlook 6 percent to… -
Gold Fields production dips 11% in Q4 last fiscal
May 10, 2013 04:38 PM
Net earnings from continuing operations for the March… -
India's MCX, Financial Technologies may exit DGCX
May 10, 2013 04:08 PM
Other than the Indian promoters, Dubai Multi Commodity… -
Zijin to bid for Barrick Gold mines through Norton
May 10, 2013 03:12 PM
Zijin said it will opt through Norton Gold Fields,…
-
WGC joins India's Akshaya Trithiya 'Gold rush'
May 09, 2013 05:51 PM
Akshaya Tritiya festival, on May 13, is considered… -
Conflicting Gold import projections hit India market
May 09, 2013 04:19 PM
The bulk of the imports by banks now is on a consignment… -
Euphoria phase turns into the parabolic phase
May 09, 2013 04:14 PM
For savvy traders the play isn't to sell short, it's… -
Short-term Gold outlook unusually murky : Macquarie
May 09, 2013 05:13 PM
The company expects the price of platinum to rise…
