TSX-V: GTP FRANKFURT: P01 OTCQX: COLTF
April, 2011
Developing Europes Next Gold and Tungsten Mines
An experienced and dynamic management team A significant land package - currently the second largest holder of mineral rights in Portugal Potential to become a producer within two years
PROJECTS Montemor Gold Project
Boa F Mining license area under application* Montemor Exploration Concession **
COMMODITY Gold Gold Gold Tungsten & Gold Tungsten & Gold Cu Pb Zn (Ag, Au) VMS deposits
AREA 46.80km 2 736.11 km 2 102.00 km2 218.00 km2 566.00 km2 360.00 km2
Penedono Armamar - Meda (Tabuaco) Moimenta - Almendra Santa Margarida do Sado
* Under Letter of Agreement /Boa F Mining license Under Application ** Exploration Concession Under Application
Total Area ~ 2,028.91km2
MONTEMOR PROJECT
ADVANCED STAGE GOLD PROJECT
Montemor gold project is at an advanced development stage with
SRK CONSULTING PRODUCED NI43-101 REPORT (March 4, 2011)
The Montemor exploration concession is a prospective are containing
potential for near term production
Located 100 km east of Lisbon Near surface gold deposits located along a major shear zone: > 30 km
historical resource estimates that range from >150koz to 550koz Au, as defined over the period 1991-2008, comprising five separate deposits.
The potential exists to expand this historical resource to a range of
long
Historical work includes over 500 trenches and over 1,000 drill holes
8-12Mt, grading an average of 2.5-3.0 g/t Au grade above potentially economic cut-off, contained in a series of small open pit and underground deposits.
The current license area (Boa F experimental mining license, or Boa
F license area) encompasses 46.8km2 ,with an additional 732.611km2 of exploration concession (Montemor exploration concession) staked surrounding the Boa F license area. Both licenses are currently in the approval process by the Portuguese mining authorities.
Initial metallurgical testwork has demonstrated that gold is readily
recoverable from Montemor mineralized material using a combination of gravity, flotation and cyanidation technologies.
The much larger exploration concession currently under application
appears to hold significant potential, given the postulated extension of the currently defined Boa F shear zone in the experimental mining license area.
WHY PORTUGAL?
Mining friendly country with exceptional mineral potential: Available, experienced labour force Excellent government relationships at all levels Access to European Union and Portuguese Government
remains largely overlooked and underexplored
Well-developed modern infrastructure; properties are close to roads,
water, power and port facilities
Properties are accessible year round
financial incentive programs
A GOLD COMPANY CREAT ED BY INVESTORS FOR INVESTORS
Why Tungsten? Harvesting the Value of Our Tungsten and Base Metal Assets
ARMAMAR MEDA CONCESSION
Tabuao Tungsten Project
Definition drilling stage tungsten project with near term resource
HIGHLIGHTS OF 9 HOLE DRILL PROGRAM 2010
estimate and feasibility study status. Historical resource of ~1 million tonnes grading 0.87% WO3*(not NI 43-101 compliant) Initial metallurgical testing results indicate high sheelite recovery of over 90% can be achieved by centrifugal gravity separation and tabling into ~30% of mass. Sulphides not exceeding trace amounts.
(Press Release March 2, 2011)
NEAR TERM OUTLOOK
15 hole definition drilling program currently underway Initial NI 43-101 Resource Estimate planned by Q3 2011 Project being fast tracked towards Pre-Feasibility
SANTA MARGARIDA DO SADO BASE METALS PROJECT
Large concession within the prolific Iberian Pyrite Belt, geological environment that has high potential for world-class base metal deposits; Targeting VMS deposits: copper, lead, zinc, silver and gold. Completed historical works include various geochemical, geophysical and geological surveys.
At Santa Margarida do Sado, levelling and reinterpretation of available historical gravity data by Dennis Woods of Discovery Geophysics has helped redefine nine known gravity targets and has identified four new gravity targets. These thirteen gravity anomalies remain for the most part unexplained and largely or completely untested. (NI 43-101 Jim Cuttle, 2011)
PENEDONO GOLD PROJECT
Intrusion Related Gold Deposit model similar to Alaska and Yukon 16 km long belt of widespread areas and clusters of goldbearing quartz vein systems Potential for deposits of underground high-grade gold veins and open-pit lower-grade gold zones Historic gold mine at Santo Antonio: mined by the Romans at surface; mined underground in the 1950s, when gold was fixed at US $35 /oz, minimal modern exploration Large gold-in-soil anomalies remain untested and vast areas have not been covered by soil surveys
SHARE STRUCTURE** Outstanding: Fully diluted: Current share price: 52-week high-low: Market capitalization: Average exercise price of warrants & options:
**As of April 5, 2011
TSX-V: GTP FRANKFURT: P01 OTCQX International: COLTF
54.5 million 93.3 million $0.80 $0.96 $0.20 43.6 million $0.35 per share
Significant Management Ownership and Strong Shareholder Base
MANAGEMENT 7% HNW (EUROPEAN) 25% HNW (NON-EUROPEAN) 10% INSTITUTIONAL 25% EUROPEAN RETAIL 23% NON-EUROPEAN RETAIL 10%
DIRECTORS AND OFFICERS
Nikolas Perrault, CFA Chairman, President and CEO Declan Costelloe, Executive VP and COO Aurelio Useche, CMA Director & Chief Financial Officer Joao Carlos de Sousa, VP Operations Portugal David Johnson, General Counsel. Corporate Secretary
DIRECTORS
Nikolas Perrault, Montreal Jean Depatie, Montreal Declan Costelloe, Denver James Ladner, Zurich Aurelio Useche, Montreal Donald J.P. Ziraldo, Toronto David Johnson, Montreal
ADVISORY BOARD
Kevin Ernst, New York John D. Redfern, Montreal Todd C. Hennis, Denver Wayne Murton, Vancouver
EUROCOLT RESOURCES LDA.
(The wholly owned subsidiary of COLT in Portugal) Jorge Valente, President and CEO
TECHNICAL ADVISOR
SRK Consulting Technical Advisors, Independent
CONTACT INFORMATION
Helen Bilhete,
Director, Investor Relations
Phone (514) 317-6301 Fax (514) 317-6302
[email protected] www.coltresources.com
