Colt Resources Finds Gold Mineralization in Portuguese Deposits

Colt Resources Inc. (GTP), an explorer of gold in Portugal, found gold mineralization in deposits across a 30-kilometer (19 mile) stretch of land in the country’s south.

The company, based in Montreal, signed a three-year exploration deal with the government in November to look for gold in the Boa Fe zone near the town of Montemor.

“We continue to be impressed by the results from this well mineralized shear zone,” Colt said today in a statement on its website. “The company will continue its aggressive advanced stage exploration campaign at Boa Fe.”

Colt plans to bring the Montemor mine into production early 2014, Chief Executive Officer Nikolas Perrault said on April 23.

To contact the reporter on this story: Henrique Almeida in Lisbon at

To contact the editor responsible for this story: Jerrold Colten at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.