Good To Go
Colt Finds Gold and Good Faith in Portugal
By Ted Niles

When Colt Resources TSXV:GTP finalized the acquisition of its Montemor property in November 2011, it got much more than prospective land in Portugal. “If we had to start from scratch to get to this point,” Nikolas Perrault declares, “it would take us five to 10 years and well over $20 million to replicate the database.” Previous work on the property was extensive, including upwards of 1,100 drill holes and 510 trenches and an historical (non-NI 43-101-compliant) resource estimate of 610,000 gold ounces. “What is striking,” the President/CEO adds, “is the exceptional nature of the work. Our drilling so far and some of the holes we’ve twinned have been confirming the high quality of this database. It will allow us to incorporate a lot of the historical data into our resource estimate.”

Read more about Colt's gold play.