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Colt Resources appoints Richard Quesnel to its Board of Directors


Trading Symbols:
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)

MONTREAL, Dec. 11, 2012 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (Frankfurt: P01) (OTCQX: COLTF) is pleased to announce that Mr. Richard Quesnel has joined its Board of Directors. Mr. Quesnel has served for over 5 years as President and Chief Executive Officer of Consolidated Thompson Iron Mines of Montreal. He has over 32 years of senior mine management and engineering experience at large gold, copper, nickel and iron ore mining properties in Canada and Western U.S.A. He has successfully developed, commissioned, operated and expanded mining operations, both open pit and underground. Since 1979, he has been worked as a mine manager or mining engineer of several mining companies including Ledcor CMI Limited, JS Redpath Limited, Les Mines McWatters, Barrick Goldstrike, Quebec Cartier Mining and Placer-Dome. Mr. Quesnel is currently Senior Technical Advisor of Champion Iron Mines and Head of its Advisory Board.

Mr. Quesnel will fill the vacancy created by the resignation of Mr. Donald Ziraldo in September from the Board of Directors of the Company.

The Company is also pleased to announce the appointment of Mr. Daniel P. Goffaux as a Technical Advisor to the Company. Mr. Goffaux has extensive experience in the mining industry, and has held a number of progressively senior operations and management roles, including Vice-President, Corporate Development for Black Hawk Mining, and Vice-President and General Manager of Black Hawk's El Limon mine in Nicaragua. In 2003, Mr. Goffaux joined Breakwater Resources as the General Manager of the Bougrine mine in Tunisia, a position he held until its closure in 2005. Upon his return to Canada, Mr. Goffaux was engaged by Micon International, based in Montreal, and became Vice-President, Latin America, of Breakwater Resources, from 2006 to 2011.

"I am extremely pleased to welcome Mr. Quesnel to Colt's Board of Directors and Mr. Goffaux as a Technical Advisor to Colt. Together, they bring a wealth of mining experience, further reinforcing the Company as its two flagship projects approach the feasibility stage," noted Nikolas Perrault, President and CEO of Colt Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS OF COLT RESOURCES INC.

Nikolas Perrault, CFA, President & CEO


Der Quesnel hat den gleichen Vorteil wie Roosen von Osisko.
Alle Broker die den Weg mit ihm geteilt haben, wurden extrem glücklich  da
er mit Consolidated Thompson
den Weg vom kleinen Mio Dollar Stock bis zum 5 Billion Dollar Stock gingen.
Das schafft dauerhafte Freundschaften.  

richtig kommt Colt einfach nicht aus der Knete, naja, dann halt nächster Jahr :-)!!  

 

zwischen 30 und 40 Cent!  

 

aber echt gerne früher auf diese "Perle" aufmekrsam geworden, sei´s drum, dieses Invest wird trotzdem noch genug Kapital für uns abwerfen, das steht schon mal fest :-)) !!!!  

ich muß immer noch schaffen  

und das muss ich mit Sicherheit auch noch ein paar Jährchen, aber vielleicht kann man sich mit solchen Aktien den ein oder anderen Tag "verschönern"...;-)

Auf gute Kurse, so long !  

15.000 auf 0,323 abgegriffen.
Jetzt gehts auf 33,2 :-)  

eine Schlüsselwoche. Ich verlasse mich da auf die Firma , die ja "steady Newsflow" angekündigt hat.
Mal sehen ob sie Wort halten, dann muss ja diese Woche noch was kommen!  

du hast´s gut, soviel Weihnachtsgeld gibt es bei mir net...;-) ! Hoffe weiterhin auf gute "Einstiegskurse" bis Jahresende um dann 2013 voll durchstarten zu können...!

Auf gute Kurse, aber erst in zwei Wochen :-))  

Goldwerte! Das hätte ich vor 24 Monaten noch nicht für möglich gehalten.  

Colt & Egas?  

Colt Resources intersects 8.39g/t over 6.88m* and 33.2 g/t over 1.7m* at its Banhos Deposit in the Boa Fé Gold Project, Southern Portugal
Trading Symbols:          
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)

MONTREAL, Dec. 17, 2012 /PRNewswire/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce that it has received final analytical results for 27 diamond drillholes from its ongoing drilling campaign on the Banhos gold deposit, located within the Company's 100% owned 47Km2 Boa Fé Experimental Mining License (EML) in southern Portugal. Colt's 100% owned (728Km2) Montemor Gold exploration concession completely surrounds the Boa Fé EML.

Table 1: Results from Banhos Drilling Program

Hole-ID  Hole Inclination &
Azimuth  From (m)  To (m)  Grade g/t
Au  Interval
(m)*  
BFBH-12-037  Inclined: -45o to 225o 32.30  38.90  0.44  6.60  
  and  58.30  62.10  1.05  3.80  
  and  140.00  143.00  3.62  3.00  
BFBH-12-038  Inclined: -45o to 225o 60.40  61.40  2.08  1.00  
BFBH-12-039  Inclined: -45o to 225o 44.90  46.70  0.73  1.80  
  and  97.85  101.45  0.61  3.60  
  and  111.90  118.80  1.54  6.90  
BFBH-12-040  Inclined: -45o to 225o 55.91  60.90  0.69  4.99  
  and  65.40  89.50  0.65  24.10  
BFBH-12-041  Inclined: -45o to 225o 69.50  71.55  1.30  2.05  
BFBH-12-042  Inclined: -45o to 225o 17.00  24.50  0.49  7.50  
BFBH-12-043  Inclined: -45o to 225o 62.50  64.16  1.61  1.66  
BFBH-12-044  Inclined: -45o to 225o 0.80  8.00  0.40  7.20  
BFBH-12-045  Inclined: -45o to 225o 59.00  66.40  0.63  7.40  
  and  74.90  77.55  0.77  2.65  
BFBH-12-046  Inclined: -45o to 225o 14.50  16.30  0.27  1.80  
BFBH-12-047  Inclined: -45o to 225o 2.07  8.95  8.39  6.88  
including  4.00  7.70  14.96  3.70  
BFBH-12-048  Inclined: -45o to 225o 29.80  31.50  33.20  1.70  
  and  42.90  46.25  0.49  3.35  
BFBH-12-049  Inclined: -45o to 225o 100.15  102.10  0.34  1.95  
BFBH-12-050  Inclined: -45o to 225o 5.25  9.00  1.28  3.75  
  and  18.00  22.95  2.14  4.95  
  and  52.85  55.85  1.06  3.00  
BFBH-12-051  Inclined: -45o to 225o 118.40  122.60  1.49  4.20  
BFBH-12-052  Inclined: -45o to 225o 71.70  72.45  0.38  0.75  
BFBH-12-053  Inclined: -45o to 225o 129.08  130.15  0.57  1.07  
BFBH-12-054  Inclined: -45o to 225o 28.60  32.30  0.80  3.70  
BFBH-12-055  Inclined: -45o to 225o 15.60  17.90  2.58  2.30  
BFBH-12-056  Inclined: -45o to 225o 99.50  101.15  1.24  1.65  
BFBH-12-057  Inclined: -45o to 225o 194.53  197.20  0.51  2.67  
BFBH-12-058  Inclined: -45o to 225o 79.20  81.20  0.99  2.00  
BFBH-12-059  Inclined: -45o to 225o 88.00  100.50  1.15  12.50  
BFBH-12-060  Inclined: -45o to 225o 152.20  159.80  2.42  7.60  
BFBH-12-061  Inclined: -45o to 225o 37.60  40.70  0.44  3.10  
BFBH-12-062  Inclined: -45o to 225o 107.33  110.60  0.98  3.27  
BFBH-12-063  Inclined: -45o to 225o 82.35  84.70  0.60  2.35  

* True Width has not been determined at this time.


Nikolas Perrault, President and CEO of Colt, stated, "The Banhos gold deposit is located just 4km North West of Casas Novas and 5km from Chaminé.  The drilling program at Banhos has significantly increased our confidence and understanding of this zone that was only partially tested before Colt's involvement and despite our extensive drilling campaign the deposit remains open down dip and along strike.  The deposits currently being drill tested will form the basis of our next NI 43-101 compliant mineral resource estimate scheduled to be prepared during Q1, 2013.  As our understanding of the gold mineralization mechanism has improved, we are anticipating developing greater efficiencies in exploration as we work to grow this deposit. Our broader exploration efforts are designed to identify additional mineralized zones both in the Boa Fé EML concession and importantly in the much larger Montemor exploration concession that completely surrounds Boa Fé."

Program Strategy

Gold mineralization has been identified in several deposits along a shear zone that extends over some 30 kilometres along strike (Figure 1).  Previous shallow drilling at Banhos deposits (Figures 2 and 3) was focussed on the highest grading portions of gold anomalies that closely follow the regional shear. Colt's drilling has been designed to build on previous work and to test for extensions of mineralization along strike and down dip.  Results to date indicate that the mineralization is open both along strike and down dip.

At Banhos, an aggressive 50m x 50m based drill program was commenced in August 2012.  The program, consisting of both vertical and inclined holes, has been drilled to develop a better understanding of several shallow structures known historically to host gold mineralization.  Unlike the Chaminé and Casas Novas deposits, historical drilling at Banhos was primarily confined to the upper 30m and consisted mostly of non-cored holes, with only 25 irregularly spaced diamond drillholes drilled deeper to an average depth of 100m.  Colt's results to date indicate that (similar to Casas Novas and Chaminé), mineralization appears to be associated with several shallow dipping aplite and mafic intrusive units within the broader shear corridor.

Colt will continue to test its current ideas on structural interpretation against previous models as part of its ongoing strategy to prepare working 3D models of mineralization.  The models incorporate the concept of conjugate shear orientations reinforcing each other and leading to higher grades of gold mineralization. The Company will continue its aggressive advanced stage exploration campaign consisting of a combination of vertical and inclined drill holes positioned to confirm previous drilling results at Chaminé, Casas Novas, Ligeiro, Braços and Banhos deposits and investigate the gaps between Chaminé-Casas Novas and Chaminé-Ligeiro to increase resource potential.  Results currently being interpreted from geophysical exploration will greatly assist in advancing targets in the gap areas. High priority regional targets identified at the Montemor concession through field prospecting combined with geochemical and geophysical data interpretation are being tested.  The results of this phase of work on Boa Fé and Montemor will form the basis for an updated NI 43-101 compliant mineral resource estimate covering several previously drilled gold bearing deposits within the Boa Fé EML.

Minimal drilling has been performed to test depth extensions below an average of 100 metres or along strike between known mineralized deposits.  Given the shear zone style of mineralization and extensive gold anomalies in soils, there is good potential to build upon previous work that supported several non NI43-101 compliant resource estimates that range from 150koz to 610koz of gold as defined over the period 1991-2008 (see press release March 7, 2011).

Quality Assurance / Quality Control (QA/QC)

Drill sample intervals are reported as metres (m) down hole and as such do not represent true widths of mineralized intersections. All drill core is transported by Company personnel from drill site to a nearby secure storage facility for logging and sampling. Sampling intervals are defined after core logging and determination of probable high grade zones based on visible mineralisation and favourable structure. One half of the core is sent for analysis, while the other half is retained in the core boxes for future reference.

All samples are sent by courier to ALS Chemex's facility in Seville, Spain, where they undergo sample preparation. The resulting pulps are shipped by ALS to their laboratory in Romania for gold assay and routine ICP multi-element analysis. Gold analysis for all samples is done via method "Au - AA24" (Au by fire assay and AAS, 50g nominal sample weight). The detection limit for this method is 5 ppb. For every sample with Au values over 3 ppm, the pulp is re-analyzed by method "Au - GRA22" (Au by fire assay and gravimetric finish, 50g nominal sample weight). The detection range for this method is 0.05-1000 ppm.

A set of standards and blanks has been inserted by Colt into the drill sample stream on a regular basis in addition to the laboratory's own internal QA/QC standards and duplicates. QA/QC results to date are well within the accepted norm.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten.  It is currently focused on advanced stage exploration projects in Portugal, where it is one of the largest lease holders of mineral concessions.

SRK (ES) Managing Director - Gareth O'Donovan CEng MSc BA (Hons) FIMMM FGS, is an independent Qualified Person, as defined in NI 43‐101, for Colt's projects in Portugal.  Mr. O'Donovan has reviewed the content of this press release, and consents to the information provided and the form and context in which it appears.  

auf die tiefe Bohrung und Wolfram!  

aus Banhos- die waren bei dem letzten 43-101 mit 0,0 bewertet.

Und wenn man genau hinschaut- die Theorie der Shear Zone verdichtet sich und stimmt zu 100%.

Je tiefer man kommt , desto höher werden die Grade. Ich bin gespannt wie ein Flitzebogen auf die tiefen Bohrungen!

 

 

http://scr.zacks.com/News/Press-Releases/...he-northwest/default.aspx

http://www.nasdaq.com/article/...-the-northwest-analyst-blog-cm200214

http://finance.yahoo.com/news/...ts-extend-banhos-gold-140000780.html  

endlich die Ergebnisse der "Tiefenbohrung " bringen.
Das könnte die Firma auf ganz andere Ebenen katapultieren!  

noch diese Woche, wäre zumindest ein schönes Weihnachtsgeschenk...:-))  

December 23, 2011 is the last day for tax-loss selling for Canadian taxpayers selling Canadian equities.
 
December 27, 2011 is the last day for tax-loss selling of U.S. equities for Canadian taxpayers.
 
December 30, 2011 is the last day for tax-loss selling for U.S. taxpayers for Canadian and U.S. securities.  

wurden gerade 100K durch einen alten Eugsaktionär gekauft :-)  

ich auch gerne, da fehlt nur ein bischen die Patte :-)  

richtig hoch bekommt Colt den Arsch nicht in Canada. Für diese Aussichten steht der Kurs m.M.n. viel zu schlecht da !!

Vielleicht kommt Morgen oder Übermorgen noch ein bischen Schwung in die Aktie, so als Weihnachtsgeschenk von Herrn Perrault ! Ein schöner Zug wäre es allemal...;-)))  

14% Plus geht doch