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Colt Resources: Further drill results at Tabuago Tungsten

Contributed by Fox-Davies Capital

Colt has released the final assays for seven drill holes from its on-going infill drilling campaign at its Tabuago tungsten project located in the Company's wholly owned Armamar-Meda concession in northern Portugal.

Another set of excellent drill results from Colt at its tungsten deposit. All the results are documented in table 1 overleaf but the highlights are drill hole DHT-57 which intersected a true width of 10.01m grading 1.5% W03 and drill hole DHT-66 which intersected a true width of 13.34m grading 0.93% W03 including 8.74m grading 1.05% W03. Whilst most of these holes were infill to further define the main Tabuago orebody, DHT-75 was drilled in the gap between Aveleira and Tabuago. This hole combined with the previously released results

extension to the Tabuago depost, which remained unknown until very recently as a result of an interpreted fault off-set. The discovery area is not closed off to the north-west and the initial drilling results suggest the potential for mineralisation to extend beyond the previously reported area.

A new resource figure is due soon and we would anticipate an increase in both tonnes and grade. This orebody is shaping up to be significantly larger than we had anticipated. Overall, this is very positive.