[Marinir] {Disarmed} Colt (TSX-V: GTP) Drills 0.41% WO3 Over 14.46m; Discovers New Zone of Mineralization

[Infostock]

 Click here
http://www.actonsoftware.com/acton/ct/1523/s-00bd-1202/Bct/l-0002/l-0002:15bcd/ct0_1/1
 to view this message in a browser window

http://www.coltresources.com/ 

Colt Resources intersects 0.41%WO3 over 14.46m, including 0.74% WO3 over 
5.88m at its Tabuaço Tungsten Project, Northern Portugal 

Colt Resources Inc. (TSXV: GTP 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=GTP&region=C&lookup=symbol&snapshot=default 

) (FRA: P01) (OTCQX: COLTF 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=COLTF&region=U&lookup=symbol&snapshot=default 

) is pleased to announce that it has received final analytical results 
for 11 holes from its ongoing drilling campaign at its Tabuaço 
(São Pedro das Aguias) tungsten project, located in the Company's 
wholly owned Armamar-Meda concession in northern Portugal. 

These results represent both resource confirmation drilling at the main 
Tabuaço resource area and regional exploration to test a 
previously identified zone that is known to outcrop at Quinta das 
Herédias, approximately 200 metres to the southeast of 
Tabuaço. 

In addition, a scout drill hole (DHT-49) recently completed by Colt 
Resources to test a soil geochemical anomaly at Quinta da Aveleira, 
approximately 750 metres northwest of the Tabuaço resource area, 
has intersected previously undiscovered, scheelite mineralized skarn 
horizons similar to those intersected at Tabuaço. These represent 
a grey metasomatized main unit and a pink/green banded lower unit in 
proximity to a granite contact. Although assay results for this new 
mineralization are still pending, Colt believes that this new discovery 
may represent an opportunity to significantly increase resources. 

The collection of bulk samples using large diameter core to allow more 
detailed metallurgical testwork to improve recoveries and assist in 
designing optimal processing methods has also commenced. Colt announced 
the initial NI 43-101 estimate for the Tabuaço deposit in 
November 2011 (Press Release November 7th, 2011). 

Nikolas Perrault, President and CEO of Colt, stated, "The discovery of a 
new zone of mineralization provides a strong indication that the 
Tabuaço deposit will grow. We are very pleased with this latest 
development and look forward to being able to release results as soon as 
possible." 

These results are part of an ongoing drilling program designed to 
provide data on the internal grade and structural consistency of the 
main Tabuaço skarn hosted tungsten deposit and to test extensions 
and nearby mineralized skarn horizons with similar characteristics to 
the main deposit. 

The results are highlighted as follows: 

Tabuaco main resource area 

From (m) To (m) Grade % WO3 Interval (m) True Width (m)* 

Drill hole DHT-31 (Inclined -60 degrees to 126 degrees) - 180.20m deep 

121.60 134.60 0.29% 13.00 10.93 

122.60 128.60 0.49% 6.00 5.88 

139.00 156.20 0.41% 17.20 14.46 

147.75 154.75 0.74% 7.00 5.88 

Drill hole DHT-34 (Inclined -55 degrees to 030 degrees) - 79.85m deep 

30.70 35.10 0.89% 4.40 4.22 

42.80 47.80 0.55% 5.00 4.80 

Drill hole DHT-36 (Vertical) - 163.35m deep 

65.25 71.25 0.31% 6.00 5.64 

124.33 131.10 0.52% 6.77 6.36 

Drill hole DHT-37 (Vertical) - 102.60m deep 

79.10 80.10 0.54% 1.00 0.94 

Drill hole DHT-38A (Vertical) - 65.50m deep 

19.95 25.40 0.46% 5.45 5.12 

Drill hole DHT-39A (Inclined -73 degrees to 300 degrees) - 171.00m deep 

125.45 132.90 0.38% 7.45 6.88 

137.50 140.80 0.42% 3.30 3.05 

Drill hole DHT-40 (Vertical) - 108.35m deep 

84.70 88.05 0.22% 3.35 3.15 

Drill hole DHT-41 (Vertical) - 221.45m deep 

155.00 156.0 0.58% 1.00 0.94 

Drill hole DHT-46 (Vertical) - 61.90m deep 

13.25 16.40 0.73% 3.15 2.96 

21.40 24.40 0.45% 3.00 2.82 

Quinta das Herédias area 

Drill hole DHT-42 (Vertical) - 61.20m deep 

10.45 11.50 0.11% 1.05 0.99 

Drill hole DHT-44 (Vertical) - 68.60m deep 

23.60 25.20 0.24% 1.60 1.51 

* True Width was determined assuming the mineralization has an average 
strike of 315 degrees and an average dip of-20 degrees. 

Quality Assurance / Quality Control (QA/QC) 

Sample intervals are reported as both metres (m) downhole and as true 
thickness, which have been calculated using cross sectional 
interpretation of the mineralized intercepts in three dimensions. The 
actual dip of the skarn controlled mineralization is generally shallow 
with an average dip of-20 degrees. 

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 scheelite 
content by examination under short-wave UV-light. One half of the core 
is sent for analysis, while the other half is retained in the core boxes 
for future reference. 

Samples are sent by courier to ALS Laboratory Group, Seville, Spain. 
Samples are analyzed for W and Sn using a metaborate fusion followed by 
XRF. Assay results for tungsten are reported by the laboratory as W%. 
WO(3) values are calculated using a conversion factor of 1.2611. 

A set of standards, duplicates and blanks is inserted by Colt into the 
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 the largest lease holder 
of mineral concessions. 

SRK ES Director - Gareth O'Donovan CEng MSc BA (Hons) FIMMM FGS, is the 
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 in the form and 
context in which it appears. 

The Company's shares trade on the TSX-V, symbol: GTP; the Frankfurt 
Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF. 

http://www.infostockbiz.com/images/GTP_large_map.jpg 

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this 
news release may contain "forward-looking information". Forward-looking 
information and statements may include, among others, statements 
regarding the future plans, costs, objectives or performance of Colt 
Resources Inc. (the "Company"), or the assumptions underlying any of the 
foregoing. In this news release, words such as "may", "would", "could", 
"will", "likely", "believe", "expect", "anticipate", "intend", "plan", 
"estimate" and similar words and the negative form thereof are used to 
identify forward-looking statements. Forward-looking statements should 
not be read as guarantees of future performance or results, and will not 
necessarily be accurate indications of whether, or the times at or by 
which, such future performance will be achieved. Forward-looking 
statements and information are based on information available at the 
time and/or management's good-faith belief with respect to future events 
and are subject to known or unknown risks, uncertainties, assumptions 
and other unpredictable factors, many of which are beyond the Company's 
control. These risks, uncertainties and assumptions include, but are not 
limited to, those described under "Risk Factors" in the Company's 
revised annual information form dated April 20, 2011 available on SEDAR 
at www.sedar.com and could cause actual events or results to differ 
materially from those projected in any forward-looking statements. The 
Company does not intend, nor does the Company undertake any obligation, 
to update or revise any forward-looking information or statements 
contained in this news release to reflect subsequent information, events 
or circumstances or otherwise, except if required by applicable laws. 

Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 

For further information: Nikolas Perrault, President & CEO, Colt 
Resources Inc., Tel: +351-219-119813, Fax: (514) 843-7704, 
info at coltresources.com ; Declan Costelloe CEng, Executive Vice President 
and COO, Colt Resources Inc., Tel: +351-219-119813, Fax: (514) 843-7704, 
info at coltresources.com ; Renmark Financial Communications Inc.: Florence 
Liberski: fliberski at renmarkfinancial.com ; John Boidman: 
jboidman at renmarkfinancial.com , Tel.: (514) 939-3989 or (416) 644-2020, 
www.renmarkfinancial.com 

http://www.renmarkfinancial.com 

--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com

KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************

If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-00bd-1202/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20120222/98c2f40f/attachment.html>