Colt Resources Intersects 0.88 Percent Tungsten over 10.34 Metres
Colt Resources (OTCQX: COLTF; TSX-V: GTP) intersects 0.88% tungsten over 10.34 metres, including 1.09% tungsten over 2.82 metres at its Tabuaco Tungsten Project in Northern Portugal.
According to Nikolas Perrault, the Company's President and CEO, "Successful step-out drilling at our Aveleira discovery continues to support our belief that we have discovered a deposit similar to Tabuaço. With hole DHT-70, we can finally report intersections in this deposit that are unaffected by near surface weathering. The widths and grades are very encouraging and support our decision to expand our deeper drilling program. Our infill drilling program at Tabuaço, designed to improve confidence and to increase resources, is delivering results as anticipated and we are confident that we will deliver a resource update during Q3, 2012."