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Last C$0.13 CAD
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As of 3:59 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

colt resources inc (GTP) Snapshot

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04/8/14 - C$0.33
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12/15/14 - C$0.05
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colt resources inc (GTP) Details

Colt Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, Portugal, and the Middle East. It primarily explores for gold and tungsten properties. The company’s principal projects include the Boa Fé gold project, which covers an area of 46.78 square kilometers situated in the Alentejo region of southern Portugal; and the Tabuaço tungsten project that covers an area of 45.13 square kilometers in north-eastern Portugal. Colt Resources Inc. was incorporated in 2000 and is headquartered in Montreal, Canada.

Founded in 2000

colt resources inc (GTP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$300.0K
Chief Financial Officer
Total Annual Compensation: C$12.5K
Chief Legal Officer and Corporate Secretary
Total Annual Compensation: C$213.1K
Compensation as of Fiscal Year 2013.

colt resources inc (GTP) Key Developments

Colt Resources Inc. Announces Drilling Results from the Miguel Vacas Copper Project

Colt Resources Inc. announced its first drilling results from the Miguel Vacas copper project located within its 100% owned 634 km2 Borba exploration concession in east central Portugal, 160km east of Lisbon and 65km due east of Colt's Boa Fe gold project. Copper mineralization at Miguel Vacas is structurally controlled, hosted by late tectonic breccias related to a north-northeast trending shear zone that cuts through lower-Palaeozoic formations. During historical mining, two types of mineralized breccias were distinguished, namely siliceous breccias and schist breccias, the former being generally higher in copper contents. The deposit is zoned vertically, comprising an upper zone of oxide copper mineralization which can reach the depth of 72 metres, and a lower zone of sulphide copper mineralization. A total of 346,000 tons of oxide copper mineralization were extracted, from which copper concentrates were produced by SEXEW (solvent-extraction electro-winning) methods. In its first approach to re-valuate the Miguel Vacas copper deposit, Colt drilled two inclined diamond drill holes, of which hole BOMV-14-001 was positioned to drill under the abandoned pit and hole BOVM-14-002 was positioned to drill at shallow depth through the extension of the mineralized structure north of the pit. Hole BOMV-14-001, drilled inclined -50 under the Miguel Vacas pit, intersected three copper mineralized zones between 89.15m and 143.9m down hole(Table 1), thus confirming extension of the Miguel Vacas copper mineralization underneath the old pit down to a vertical depth of 110 metres (70 metres under pit bottom). Hole BOMV-14-002 confirmed the extension of the mineralized structure to the north of the Miguel Vacas pit but intersected only modest copper mineralization over a narrow interval at 56m deep (ca. 40m vertical depth).

Colt Resources Inc. Approves Appointment of Joe Tai as Director

Colt Resources Inc. approved the appointment of Joe Tai as director at its AGM held on November 17, 2014. Tai has over 18 years of experience in investment, finance, and the capital markets of Canada, the US, and Greater China. He has extensive expertise in facilitating cross border transactions and strategic partnerships, building crosscultural business relationships with Asian industrial groups and financial institutions.

Colt Resources Inc. Announces the Resignation of Declan Costelloe as Executive Vice-President and Chief Operating Officer

Colt Resources Inc. announced that Mr. Declan Costelloe has resigned as Executive Vice-President and Chief Operating Officer. Senior operations staff in Portugal have been assigned additional responsibilities in order to ensure a smooth transition.


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