Developing Portugal's Next Gold and Tungsten Mines - PrecisionIR
Developing Portugal's Next Gold and Tungsten Mines - PrecisionIR
Developing Portugal's Next Gold and Tungsten Mines - PrecisionIR
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TSX-V: GTP<br />
FRANKFURT: P01<br />
OTCQX: COLTF<br />
November, 2012<br />
<strong>Developing</strong> Portugal’s <strong>Next</strong><br />
<strong>Gold</strong> <strong>and</strong> <strong>Tungsten</strong> <strong>Mines</strong><br />
An experienced <strong>and</strong> dynamic<br />
management team<br />
A significant l<strong>and</strong> package - currently<br />
one of the largest holders of mineral<br />
claims in Portugal, a safe jurisdiction<br />
WHY PORTUGAL<br />
Mining friendly country with exceptional mineral potential,<br />
remains largely overlooked <strong>and</strong> underexplored<br />
World-class infrastructure; properties are close to roads, water, power<br />
<strong>and</strong> port facilities<br />
Excellent government relationships at all levels; low political risk<br />
Available, experienced labor force<br />
Access to European Union <strong>and</strong> Portuguese government<br />
financial incentive programs<br />
BOA FÉ / MONTEMOR PROJECTS<br />
ADVANCED STAGE GOLD PROJECTS<br />
Located 95 km east of Lisbon.<br />
Near surface gold deposits located along a major shear zone: > 30 km.<br />
Historical work includes over 500 trenches <strong>and</strong> over 1,000 drill holes.<br />
SRK Consulting produced NI43-101 report March 4, 2011 <strong>and</strong> Initial NI 43-<br />
101 resource estimate Press Release July 3, 2012.<br />
The Boa Fé / Montemor exploration concession is a prospective area containing<br />
multiply deposits identified historically. Colt’s initial NI 43-101 compliant<br />
resource estimate for two deposits within the Boa Fé license area has<br />
reported Indicated Resources of 214,000 oz (4.23mt @ 1.57g/t Au) <strong>and</strong><br />
Inferred Resources of 15,400 oz (0.21mt @ 2.36g/t Au). Aggressive program<br />
currently underway to upgrade a Sub-Million Ounce Mining Project to<br />
a potentially World Class Multi-Million Ounce Mining District.<br />
Historical mainly shallow drilling <strong>and</strong> trenching mostly focused on 18km<br />
strike length (Boa Fé belt) out of an estimated total extent of over 111km of<br />
gold mineralized belts. Montemor Shear Zone hosts several shear corridors<br />
favorable for gold mineralization.<br />
The current license area (Boa Fé experimental mining license, or Boa Fé<br />
license area) encompasses 47 km 2 , with an additional 732km 2 of exploration<br />
concession (Montemor exploration concession) staked surrounding the<br />
Boa Fé license area.<br />
The much larger exploration concession appears to hold significant potential,<br />
given the postulated extension of the currently defined Boa Fé shear<br />
zone in the experimental mining license area.<br />
A GOLD COMPANY CREATED ED BY INVESTORS FOR INVESTORS
TABUAÇO TUNGSTEN PROJECT<br />
HARVESTING THE VALUE OF OUR TUNGSTEN<br />
Located in the Armamar-Meda concession which covers 109 km 2 in north<br />
central Portugal.<br />
<strong>Tungsten</strong> is found as fine to coarse disseminations of scheelite within skarn<br />
horizons. The skarns are virtually devoid of sulphides <strong>and</strong> contain very low<br />
molybdenum, which is very favorable for potential mineral processing.<br />
Preliminary metallurgical test-work suggests potential for high recovery<br />
using conventional processing methods Press Release March 2, 2011.<br />
High grade mineralization reported including: 1.50% WO 3 over 10.01m <strong>and</strong><br />
0.93% WO 3 over 13.34m including 1.05% WO 3 over 8.74m Press Release<br />
September 18, 2012<br />
Updated NI 43-101 Resource Estimate Prepared by SRK (UK) <strong>and</strong> SRK<br />
(exploration services) with inputs from SRK (Denver) Press Release October<br />
3, 2012.<br />
Indicated resources total 1,495,000 tonnes with an average grade of 0.55%<br />
WO 3 .<br />
Inferred resources total 1,230,000 tonnes with an average grade of 0.59%<br />
WO 3 .<br />
Cut off grade of 0.3% WO 3.<br />
TABUAÇO DRILLING HIGHLIGHTS<br />
SKARN<br />
OUTCROP<br />
Muscovitic Granite<br />
Skarn Outcrop (mapped)<br />
Skarn Outcrop (inferred)<br />
Carbonate Outcrop (mapped)<br />
Aplite—pegmatite outcrop<br />
(mapped)<br />
Extent of Mineralization<br />
SPE-BRGM drill collar<br />
COLT drill collar<br />
Major Fault (strike-slip)<br />
Inverse Fault<br />
NEAR TERM<br />
OUTLOOK (2012)<br />
Definition drilling program currently underway<br />
Project being fast tracked towards pre-feasibility<br />
TABUAÇO<br />
EXPLORATION<br />
CAPITAL STRUCTURE<br />
Outst<strong>and</strong>ing:<br />
129 million<br />
Fully diluted:<br />
147 million<br />
Current share price*: $0.48<br />
52-week high-low*: $0.63 – $0.37<br />
Market capitalization*:<br />
$62 million<br />
Average exercise price of<br />
$0.47 per share<br />
warrants <strong>and</strong> options:<br />
Significant Management Ownership & Strong Shareholder Base<br />
* As of November 4 th , 2012<br />
MANAGEMENT DIRECTORS EUROCOLT RESOURCES LDA.<br />
CONTACT INFORMATION<br />
Nikolas Perrault<br />
President & Chief Executive Officer<br />
Aurelio Useche<br />
Chief Financial Officer<br />
Declan Costelloe<br />
Executive VP & Chief Operating Officer<br />
David A. Johnson<br />
Chief Legal Officer & Corporate Secretary<br />
Filipe Faria<br />
VP Exploration, Portugal<br />
João Carlos de Sousa<br />
VP Operations, Portugal<br />
Luís Martins<br />
Advisory Board Chairman, Director<br />
Business Development Europe<br />
Jorge Valente<br />
VP Engineering <strong>and</strong> Development<br />
Phone +1-514-843-7178<br />
Jean Depatie, Montreal<br />
James Ladner, Zurich<br />
Nikolas Perrault, Lisbon<br />
Aurelio Useche, Montreal<br />
Declan Costelloe, Lisbon<br />
David A. Johnson, Montreal<br />
J. Wayne Murton, Kelowna<br />
SPECIAL ADVISOR<br />
Arthur Lipper<br />
Todd C. Hennis<br />
Mikhail Gurfinkel<br />
Wenzhao Connie Wang<br />
Donald J.P. Ziraldo<br />
(The wholly owned subsidiary of COLT in<br />
Portugal)<br />
Jorge Valente, President <strong>and</strong> CEO<br />
TECHNICAL ADVISOR<br />
SRK Consulting Technical Advisors,<br />
Independent<br />
Nikolas Perrault, CFA<br />
President <strong>and</strong> CEO<br />
nperrault@coltresources.com<br />
Cell: +351-9161-50926<br />
Natalia Sokolova<br />
VP, Investor Relations<br />
nsokolova@coltresources.com<br />
Cell: +1-917-574-2312<br />
Christophe Romary<br />
VP, Business Development<br />
cromary@coltresources.com<br />
Cell: +1-514-913-7483<br />
Fax +1-514-843-7704 info@coltresources.com www.coltresources.com<br />
A GOLD COMPANY CREATED ED BY INVESTORS FOR INVESTORS