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
TABUAÇO TUNGSTEN PROJECT HARVESTING THE VALUE OF OUR TUNGSTEN Located in the Armamar-Meda concession which covers 109 km 2 in north central Portugal. Tungsten is found as fine to coarse disseminations of scheelite within skarn horizons. The skarns are virtually devoid of sulphides and contain very low molybdenum, which is very favorable for potential mineral processing. Preliminary metallurgical test-work suggests potential for high recovery using conventional processing methods Press Release March 2, 2011. High grade mineralization reported including: 1.50% WO 3 over 10.01m and 0.93% WO 3 over 13.34m including 1.05% WO 3 over 8.74m Press Release September 18, 2012 Updated NI 43-101 Resource Estimate Prepared by SRK (UK) and SRK (exploration services) with inputs from SRK (Denver) Press Release October 3, 2012. Indicated resources total 1,495,000 tonnes with an average grade of 0.55% WO 3 . Inferred resources total 1,230,000 tonnes with an average grade of 0.59% WO 3 . Cut off grade of 0.3% WO 3. TABUAÇO DRILLING HIGHLIGHTS SKARN OUTCROP Muscovitic Granite Skarn Outcrop (mapped) Skarn Outcrop (inferred) Carbonate Outcrop (mapped) Aplite—pegmatite outcrop (mapped) Extent of Mineralization SPE-BRGM drill collar COLT drill collar Major Fault (strike-slip) Inverse Fault NEAR TERM OUTLOOK (2012) Definition drilling program currently underway Project being fast tracked towards pre-feasibility TABUAÇO EXPLORATION CAPITAL STRUCTURE Outstanding: 129 million Fully diluted: 147 million Current share price*: $0.48 52-week high-low*: $0.63 – $0.37 Market capitalization*: $62 million Average exercise price of $0.47 per share warrants and options: Significant Management Ownership & Strong Shareholder Base * As of November 4 th , 2012 MANAGEMENT DIRECTORS EUROCOLT RESOURCES LDA. CONTACT INFORMATION Nikolas Perrault President & Chief Executive Officer Aurelio Useche Chief Financial Officer Declan Costelloe Executive VP & Chief Operating Officer David A. Johnson Chief Legal Officer & Corporate Secretary Filipe Faria VP Exploration, Portugal João Carlos de Sousa VP Operations, Portugal Luís Martins Advisory Board Chairman, Director Business Development Europe Jorge Valente VP Engineering and Development Phone +1-514-843-7178 Jean Depatie, Montreal James Ladner, Zurich Nikolas Perrault, Lisbon Aurelio Useche, Montreal Declan Costelloe, Lisbon David A. Johnson, Montreal J. Wayne Murton, Kelowna SPECIAL ADVISOR Arthur Lipper Todd C. Hennis Mikhail Gurfinkel Wenzhao Connie Wang Donald J.P. Ziraldo (The wholly owned subsidiary of COLT in Portugal) Jorge Valente, President and CEO TECHNICAL ADVISOR SRK Consulting Technical Advisors, Independent Nikolas Perrault, CFA President and CEO nperrault@coltresources.com Cell: +351-9161-50926 Natalia Sokolova VP, Investor Relations nsokolova@coltresources.com Cell: +1-917-574-2312 Christophe Romary VP, Business Development cromary@coltresources.com Cell: +1-514-913-7483 Fax +1-514-843-7704 info@coltresources.com www.coltresources.com 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
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