• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Objective Capital Rare Earth and Minor Metals Investment Summit: Challenges of developing a new European tungsten project - Nikolas Perrault
 

Objective Capital Rare Earth and Minor Metals Investment Summit: Challenges of developing a new European tungsten project - Nikolas Perrault

on

  • 1,670 views

Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit ...

Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit
Challenges of developing a new European
tungsten project
18 March 2010
by Nikolas Perrault, Colt Resources

Statistics

Views

Total Views
1,670
Views on SlideShare
1,543
Embed Views
127

Actions

Likes
0
Downloads
28
Comments
0

5 Embeds 127

http://www.objectivecapitalconferences.com 119
http://www.slideshare.net 3
http://translate.googleusercontent.com 3
http://webcache.googleusercontent.com 1
http://objectivecapitalconferences.com 1

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Objective Capital Rare Earth and Minor Metals Investment Summit: Challenges of developing a new European tungsten project - Nikolas Perrault Objective Capital Rare Earth and Minor Metals Investment Summit: Challenges of developing a new European tungsten project - Nikolas Perrault Presentation Transcript

    • Investment Conferences RARE EARTHS, SPECIALITY & MINOR METALS INVESTMENT SUMMIT 3.45 – 4.10 Challenges of developing a new European tungsten project Nikolas Perrault – CEO, Colt Resources THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010 www.ObjectiveCapitalConferences.com
    • Gold, Tungsten, and Base Metal Projects in Portugal
    • FORWARD LOOKING STATEMENTS Except for historic information, the matters discussed in this presentation contain forward-looking statements. These statements involve known and unknown risks, delays, uncertainties and other factors not under the Corporation’s control that may cause actual results, levels of activity, performance or achievements to be materially different from the results, levels of activity, performance, achievements or expectations expressed or implied by these forward-looking statements.
    • WHO WE ARE… A Canadian junior exploration company With experienced dynamic management Determined to become a producer within 24 months
    • with AN EXPERIENCED MANAGEMENT TEAM Directors and Officers Nikolas Perrault, CFA, President and CEO Mario Justino, M.Sc., P. Geo., Vice-President Exploration Aurelio Useche, CMA, Director & Chief Financial Officer David Johnson, B.A.(Hons.),LL.B. Attorney, Director J. Wayne Murton, P.Eng., Director James Ladner, Director Exploration Team Mario Justino, M.Sc., P. Geo., Vice-President Exploration J. Wayne Murton, P.Eng., Geologist and Mining Consultant Filipe Faria, Geologist and Principal Consultant in Portugal Jorge Valente, P.Eng., CEO, Eurocolt Resources Ltda.: (the wholly owned subsidiary of COLT in Portugal) Advisory Board Jean Depatie, Montréal, Québec Declan Costelloe, Lakewood, Colorado, Kevin Ernst, New York, New York John D. Redfern, Montréal, Québec
    • FINANCIAL PERSPECTIVES  Shares Outstanding: 28.9 million  Shares fully diluted: 50.5 million  Market capitalization: $8.7 million  Average exercise price of warrants and options: $0.26 per share  Significant management ownership and Strong shareholder base As of February 12 , 2010 Listed on the Canadian National Stock Exchange under GTP Listed on Frankfurt and Berlin Exchanges under the Symbol P01
    • Exploration Properties in Portugal Portugal is a stable and mining friendly country of the European Union, with exceptional geological potential that remains largely under-explored. EU Portugal Town of Penedono: Northern Portugal
    • Location of Properties Concession Name Principal commodity Northern Portugal Penedono Gold Armamar - Meda Tungsten - Gold Moimenta - Gold –Tungsten - Almendra Tin Central Western Area Massive Santa Margarida Sulphides (VMS): do Sado Cu Pb Zn (Ag, Au)
    • Properties in Portugal: total land package Property description Concession Name Principal commodity Area Penedono Gold 102 km2 Armamar - Meda Tungsten - Gold 436 km2 Moimenta - Almendra Gold –Tungsten - Tin 566 km2 Santa Margarida Massive Sulphides : 360 km2 do Sado Cu Pb Zn (Ag, Au) Total: ~ 1,464 km2 Colt has assembled a significant land package and is currently the second largest holder of mineral exploration rights in Portugal.
    • Penedono Gold Concession: Location Map Tabuaço Tungsten Project Penedono Gold Project Penedono Concession
    • Penedono Gold Concession: Overview  Mineralization comprised of widespread clusters of gold-bearing vein systems, locally containing tungsten mineralization.  Veins occur as clusters within a broad west- northwest trending 16 km long belt. Penedono  Veins consist of:  Steeply dipping quartz-sulphide veins (e.g. Santo Antonio area) Index  Quartz-sulphide “greisen” veinlets and zones  Sheeted veins and stockwork  Potential for deposits of:  Underground high-grade gold veins  Open pit lower grade gold zones  Numerous untested, large gold-in-soil anomalies  Excellent infrastructure, road access throughout the concession, with a supportive local population
    • Santo Antonio Gold Mine (closed) Penedono: Extent of gold- bearing vein Vein sets over NW sets zone 16 km long Penedono Concession outline (Modified after W. Gruenwald, 2008) (after 50% reduction 2008) Penedono Concession Sept. 2009
    • Penedono Concession: Exploration History  Explored and exploited for gold since the Roman times.  In the mid-1950’s, the Santo Antonio gold mine went into production and operated for at least 3 years.  Tenuous records indicate perhaps 110,000 tonnes of material were processed with perhaps 331,000 grams of gold recovered.  Grade possibly up to 14 g/t Au (source INETI).  Very limited modern exploration. San Antonio vein mined by the Romans  Only 5 drilling campaigns completed since 1996, with a total of 5,233 meters in 46 shallow holes. More then half targeted the Santo Antonio vein system.
    • Penedono Concession: Colt Exploration Results  Acquired concession from Rio Narcea in June 2007.  Comprised of several distinct clusters of auriferous quartz veins, with seven key areas outlined to date.  Exploration focused on the Santo Antonio vein system - 13 en-echelon, northeast trending veins outcropping over a 1.2 by 1 km area on the project  Limited shallow drilling in 2008-2010 by Colt on Veins 11 and 13. These veins, which had never been drill tested before, produced several high- grade gold intersections*: (see following slide).  180.57 g/t over 0.38 m  87.04 g/t over 1.00 m included in 39.67 g/t over 2.23 m  34.40 g/t over 0.87 m included in 24.05 g/t over 1.87 m  26.56 g/t over 0.56 m included in 13.35 g/t over 1.41 m  18.37 g/t over 1.54 m included in 5.89 g/t over 8.14 m *drill hole interval widths  NI 43-101 Technical Report completed December 2008.
    • 39.67 g/t / 13.35 g/t / 1.41 m 2.23 m Colt 2008 – 2010 Drilling: Significant Gold Results Santo Antonio veins: # 11 and 13 Vein #13 Vein 11 •180.57 g/t over 0.38 m •5.89 g/t over 8.14 m incl. 18.37 g/t over 1.54 m 5.89 g/t / 8.14 m 8.34 g/t / • 8.34 g/t over 6.74 m 6.74 m Vein #11 incl. 7.00 g/t over 1.39 m incl. 24.05 g/t over 1.87 m incl. 15.04 g/t over 1.00 m incl. 34.40 g/t over 0.87 m 180.57 g/t / 0.38 m Vein 13 • 39.67 g/t over 2.23 m incl. 59.99 g/t over 1.47 m incl. 87.04 g/t over 1.00 m • 13.35 g/t over 1.41 m incl. 26.56 g/t over 0.56 m
    • Penedono Concession: Outlook  The Penedono Project has potential for: high-grade vein gold deposits and low grade open pit gold zones.  Although the Santo Antonio vein system remains a major target for further drilling by Colt, other areas of widespread vein clusters as well as vast gold-in-soil anomalies remain largely under-explored and have not been drill tested.  Interpretation and Conclusions: “It is apparent that there exist hydrothermal systems with the Penedono: Drill rig in operation capacity and potential to host significant gold and tungsten deposits.” (according to NI 43-101 report)
    • Santa Margarida do Sado Concession •Targeting Volcanogenic Massive Sulphide (VMS) deposits: copper, lead, zinc, silver and gold. •Located within the Iberian Pyrite Belt (IPB), a geological environment known for world-class VMS deposits (see following table). •Concession adjacent to three known VMS Index deposits: Lagoa Salgada: 2 MT @ 0.36% Cu, 4.44% Pb, 5.03% Zn, 1.19 g/t Au and 74 g/t Ag Lousal (mine closed): 6 MT @ 0.7% Cu, 0.8% Pb, 1.4% Zn, 1 g/t Au and 20 g/t Ag Santa Margarida Caveira : exploited during Roman times •Known geophysical anomalies have not been fully tested; very limited drilling. •Excellent infrastructure.
    • Santa Margarida do Sado: Location Map LAGOA SALGADA DEPOSIT Tonnage ~ 2 MT @ Santa Margarida 0.36% Cu, 4.44% Pb, do Sado 5.03% Zn, 1.19 g/t Au and 74 g/t Ag inferred mineral resource 2007 LOUSAL MINE (closed in 1988) Produced ~ 6 MT @ 0.7% Cu, 0.8% Pb, 1.4% Zn, 1 g/t Au and 20 g/t Ag historical resource
    • Santa Margarida do Sado Concession Importance of the Iberian Pyrite Belt (IPB) Table - Comparison of ore Tonnage (Ore Mined plus Resources and Reserves) From Massive Sulphide Deposits of Canada, Australia and IPB Country Num. Tonnage Cu Pb Zn Ag Au dep (Mt) (Mt) (Mt) (Mt) (t) (t) Australia (Archean to Permian) 30 318 4.1 4.1 12.8 13345 486 Mount Read belt - Tasmania (Cambrian) 6 149 1.5 2.5 6.1 7423 156 Canada (Superior Province - Archean) 87 696 12.4 0.9 26.6 30621 669 Abitibi (Archean) 40 476 9.5 0.3 17.3 17284 575 Rouyn - Noranda + Val d'Or (Archean) 20 233 5.1 0.0 4.3 3995 528 Iberian Peninsula IPB (Dev. to Carbon.) 88 1 725 21.5 12.1 34.1 44707 898 Neves Corvo (by itself) 1 270 4.3 0.4 3.8 2 664 ? Mt - Million metric tonnes; t - metric tonnes (Adapted and modified after Leistel et al., 1998) (source INETI - Portugal)
    • Santa Margarida do Sado Concession Importance of the Iberian Pyrite Belt (IPB) Examples of large-tonnage volcanogenic massive sulphide (VMS) deposits of the World. Canadian deposits in red: IPB deposits outlined in yellow. (Source: Galley, A.G., Hannington, M.D., and Jonasson, I.R., 2007: GSC) Note: 5 of 11 Supergiant VMS deposits in the world are located in the Iberian Pyrite Belt, in Spain and Portugal.
    • Armamar – Meda Concession: Tabuaço Tungsten Project  In the 1970’s, tungsten bearing skarns were discovered by government geologists south of the Tabuaço area. Mineralization at Tabuaço consists of gently dipping, well-developed skarn horizons, up to 19 m thick, with significant scheelite (CaWO4). Armamar - Meda  In 1981-1982, a SPE/BRGM consortium drilled 6 holes leading to a historical resource at Tabuaço of : Index  ~1million tons grading 0.87% WO3 (not NI 43-101 compliant).  Best intersection includes: 19.35 m @ 1.18% WO3  Virtually no exploration since 1982: Colt acquired concession in Dec. 2007.  NI 43-101 Technical Report, completed in Jan. 2009, indicated there was “ample justification to recommend continued exploration on the concession.”
    • Armamar – Meda Concession: Tabuaço Tungsten Project - Location Map Tabuaço Armamar – Tungsten Project Meda Concession Penedono Gold Project
    • Tabuaço Tungsten Project : Property View Terrain photo looking northwest
    • NW trending longitudinal trace Geology Map - Tabuaço 2.1 km long Tungsten Project Quinta Zone Exposed skarn horizon Metasediments S. Pedro das Águias Zone Historical resource of 1.0 M Granite tonnes @ 0.87% WO3 Upper skarn horizon Lower skarn horizons
    • Tabuaço Tungsten Project: longitudinal section NW trending longitudinal section: some 2.1 km long S. Pedro das Águias Zone Quinta Zone Historical resource of 1.0 M Exposed skarn tonnes @ 0.87% WO3 horizon Upper skarn horizon Lower skarn horizons
    • Tabuaço Tungsten Project S. Pedro das Águias Zone – Plan Map Approximate surface outline of SPE-BRGM, 1982 Resource Estimate of ~1 Million tonnes @ 0.87 % WO3 (not NI 43-101 compliant) B N
    • Cross-section A – B: S. Pedro das Águias Zone Upper and lower horizon results
    • Tabuaço Tungsten Project: High-Grade Tungsten  Surface mapping, prospecting, channel and rock sampling completed on skarn horizons by Colt since 2008.  Selected surface and channel results from sampling: include:  São Pedro das Águias Zone – main skarn horizon: surface avg. grade of 0.673% WO3; average from 23 channel samples taken across the width of the horizon, but over a total outcrop extension of 260 m.  São Pedro das Águias Zone - main skarn horizon: 0.45% WO3 over 23.3 m: average from 6 samples collected over continuous width of 23.3 m;  including 0.78 % WO3 over 12.45 m.  Several samples from areas along strike returned values above 0.5 % WO3  Many samples also displayed elevated tin assay values Note: Panasqueira tungsten mine, located some 100 km south of Tabuaço, hosts P&P Reserves of 2.43 MT @ 0.243% WO3 . (Source : Primary Metals, 2007)
    • Tabuaço Tungsten Project: Recent Drill Results  Drilling recently initialed by Colt on the São Pedro das Águias Zone to confirm and expand on historical resource of ~1.0 million tonnes grading 0.87% WO3 (non NI 43-101 compliant) has returned following results to date:  Hole DHT-01B: (press release January 20, 2010 )  4.75 m grading 0.52% WO3;  18.80 m grading 0.73% WO3;  includes 2.10 m grading 1.01% WO3  includes 13.77 m grading 0.84% WO3, which includes  3.00 m grading 1.14% WO3 and 6.32 m grading 0.99% WO3.  Hole DHT-02: (press release February 3, 2010)  13.60 m grading 0.93% WO3  includes 10.35 m grading 1.17% WO3, which includes 5.0 m grading 1.44% WO3
    • Hole DHT-01B: 18.80 m grading 0.73% WO3
    • Hole DHT-02: 13.60 m grading 0.93% WO3
    • Tabuaço Tungsten Project: Outlook Drilling: São Pedro das Águias Area:  ~4,200 m drill program to confirm and expand on the historical resource of ~1.0 million tonnes grading 0.87% WO3 (not NI 43-101 compliant) . Quintã – Távora Area:  ~1,000 m drill program to test NW extensions of the main skarn horizon Metallurgical testwork:  Bulk sampling of skarn mineralization for metallurgical testing Evaluation & pre-feasibility work Regional Exploration:  Continued follow-up geological mapping, sampling, trenching and scout drilling of regional targets
    • IN CONCLUSION Colt Resources Inc. is well poised to take advantage of the strong anticipated movement is junior gold and mineral exploration stock prices with : • A solid and experienced management team, • Large land package of very promising primarily gold and tungsten properties that remain largely unexplored or under- explored, • Large concession within the prolific Iberian Pyrite Belt, a geological environment with potential for world-class base metal deposits, • Properties are located in a stable and mining-friendly country, have easy access and excellent infrastructure. Please visit us at www.coltresources.com Thank you