Colt Resources Inc. COLTF Archives

TuesdayJun 24, 2014 3:40 pm

Colt Resources Inc. (COLTF) Explores for Gold and Tungsten in Portugal

Colt Resources is a Canadian mining exploration and development company involved in acquiring, exploring and developing mineral properties in Portugal and Canada. Since its incorporation in 2000, this exploration-stage company has largely searched for high-grade gold and tungsten along with lead, zinc, base metals, and other minerals. Colt is presently focused on advanced-stage exploration projects in Portugal. The company’s emphasis on gold and tungsten is reflected in its core projects in the country, including the Boa Fé gold project in Southern Portugal and Tabuaço tungsten project in Northern Portugal. In November 2013, Colt embarked on a drilling campaign to support…

WednesdayJun 18, 2014 9:18 am

Colt Resources (COLTF) On Track in Mineral-Rich Portugal

Colt Resources’ attention is focused on its 534,000 acres of Experimental Mining License and Exploration Concession high-grade gold and tungsten projects in Portugal which includes the 11,000 acre Boa Fé advanced-stage gold project and the 11,000 acre Tabuaço advanced-stage tungsten project. Despite possessing one of the largest gold and tungsten positions in the entire country, the company still has an appetite for acquisitions. COLTF perpetually seeks out ways to improve their foundation with potentially promising advanced-stage opportunities. Boa Fé (Mentemor concession), approximately 60 miles east of Lisbon, has concluded Phase 1 infill drilling as of February which consisted of 32…

WednesdayJun 11, 2014 9:46 am

Colt Resources, Inc. (COLTF) Portuguese Gold and Tungsten Strategy Has Bright Future, New JV in Pakistan

Colt Resources has assembled an impressive portfolio consisting of more than 534k acres of 100%-owned EML and EC (Experimental Mining License and Exploration Concession) high-grade gold and tungsten projects in Portugal with the 11.6k-acre Boa Fé advanced-stage gold project and the 11.1k-acre Tabuaço advanced-stage tungsten project (both EML), taking center stage. Already sitting on one of the largest gold and tungsten positions in the entire country, COLTF yet remains acquisition hungry and is constantly on the lookout for ways to further strengthen their foundation by tacking on new, promising advanced-stage opportunities. Boa Fé (Mentemor concession), just 62 miles or so…

WednesdayJun 04, 2014 9:19 am

Colt Resources, Inc. (COLTF) Executive Chairman to Purchase Colt Resources Middle East Shares and Be Appointed Advisory Board Chairman

Today before the opening bell, Colt Resources announced its executive chairman, Richard Quesnel would be purchasing up to 4,444,444 shares of Colt Resources Middle East for $1 million CAD. This offer represents a 50 percent premium to the Colt Resources Middle East financing, which was completed in March 2014. The transaction will encompass $0.225 per share. It is expected to bolster Colt Resources’ balance sheet and enable it to meet short-term capital requirements for making further progress. Because of this transaction and for avoiding any future conflicts of interest, Mr. Quesnel will be stepping down from Colt Resources’ board of…

ThursdayMay 29, 2014 12:36 pm

Colt Resources, Inc. (COLTF): Playing Strong on Gold in Portugal

Colt Resources is a Canadian-based exploration company that focuses on acquisition, exploration, and development of mineral properties. The company's mining properties are in Portugal and Canada, where it holds 100% ownership in all of its projects. In Portugal, Colt Resources has emerged as one of the largest holders of mining and exploration rights and also has become one of the most significant gold and tungsten lease portfolio holders in the mineral-rich European country. Colt Resources Portugal mining assets contributes around 92% of the company's portfolio, and Portugal has a mining friendly jurisdiction with reliable infrastructure and known mineral potential. A…

WednesdayMay 21, 2014 5:14 pm

Colt Resources (COLTF) Eyes Production Progress Tabuaço Tungsten and Boa Fé Gold Projects

The Portuguese resource market has witnessed in the last three years Montreal-based Colt Resources (COLTF) emerge as a leading gold and tungsten mining exploration and development company. Taking full advantage of established relationships within the Portuguese government, the company is ambitiously developing two advanced-stage projects. These projects are the north-central-Portugal-based Tabuaço Tungsten Project and the Boa Fé Gold Project, located approximately 95 kilometers east of Lisbon, Portugal. Both 100% owned by Colt, these projects are readily accessible and have excellent infrastructure for operations and resource transportation. In addition to its efforts in Portugal, Colt Resources has also established a strategic…

TuesdayMay 13, 2014 10:02 am

Colt Resources, Inc. (COLTF) Affiliate in Middle East Enters Exclusivity Agreement for Chagai Hills Exploration Licenses

Colt Resources this morning announced that its affiliate, Colt Resources Middle East (CRME), signed an exclusivity agreement with Lake Resources N.L. (LKE.AX), a publicly traded Australian based global mineral exploration company. Colt owns 38% of CRME and is currently its largest shareholder. According to agreement, CRME can earn a majority interest in Lake's Chagai Hills exploration licenses in Balochistan, Pakistan. The agreement sets an exclusivity period of 120 days and, during this period, the parties aim to conclude the final terms and conditions of a joint venture. Jim Clavarino, Executive Director of Lake Resources, stated, “"I am very pleased to…

TuesdayMay 06, 2014 4:47 pm

Colt Resources Inc. (COTLF) Steered by Experienced Management Team

In the space of just three years, Montreal-based Colt Resources has emerged as a leading gold and tungsten mining exploration and development company in the growing Portuguese resource market. Leveraging close ties with the Portuguese government, the company is aggressively developing two advanced-stage projects: the north-central-Portugal-based Tabuaço Tungsten Project and the Boa Fé Gold Project, located approximately 95 kilometers east of Lisbon, Portugal. Both projects are 100% owned by Colt Resources, are readily accessible, and have excellent infrastructure for operations coordination and resource transportation. Building on top of its efforts in Portugal, Colt Resources has also set up a strategic…

MondayApr 28, 2014 3:49 pm

Colt Resources, Inc. (COLTF) Leverages Ties with Portuguese Government to Advance Boa Fe Gold Project

Roughly 40 gold prospects and deposits have been identified in the greater region of Montemor-o-Novo, Portugal, a small municipality of great interest to Colt Resources as it explores opportunities to continue development of its portfolio of gold and tungsten leases in Portugal. Within three short years, Colt has emerged as one of the largest holders of mining and exploration rights in Portugal and has amassed one of the most significant gold and tungsten lease portfolios in the mineral-rich European country. The company’s portfolio currently consists of three experimental mining licenses, four exploration concessions, and two active joint ventures in Portugal,…

MondayApr 21, 2014 5:07 pm

Colt Resources Inc. (COLTF) Capitalizing on Mining Gold and Tungsten Rich Portugal

Colt Resources is one of the leading gold and tungsten mining exploration, and development companies in the expanding Portuguese resource market. COLTF’s 100%-owned, advanced-stage, high-grade gold and tungsten projects in Portugal are expected to be in the production stage starting in the next 18 to 36 months respectively. Colt’s senior management team headed by Nikolas Perrault, President and Chief Executive Officer, is divided between the administrative and field offices in Beloura, Tabuaço and Escoural, Portugal and the corporate office in Montreal, Canada. With its experienced management team, various environmental and community initiatives, and close relationships with the Portuguese Government, Colt…

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