Colt Resources Inc. announced further positive results from four additional holes drilled in the Gap Zone of its Tabuaço Tungsten Project, northern Portugal, as part of its resource expansion drilling program. This new buried mineralized zone, first discovered in July 2014, is located between the Tabuaço (São Pedro das Águias) and Aveleira resource areas. Holes DHT-118, DHT-120, DHT-122 and DHT-125 intersected the skarn tungsten mineralization both east and west of the initial drilling fence of four holes.

All together the results of these eight holes indicate the presence of up to three thick and well mineralized tungsten skarn horizons, with a confirmed strike length of 210 metres and lateral extent of 80 metres. The Gap Zone tungsten mineralization now appears to hold the potential to add significantly to the total resource inventory of the Tabuaço project. The company is awaiting analytical results for another six holes drilled in the Gap Zone, which will allow completing the delineation and 3D modeling of this new deposit in order to proceed to a resource estimation.