Colt Resources Inc. announced positive results from hole DHT-114 drilled in the Gap Zone at its Tabuaco Tungsten Project, located in northern Portugal, as part of its resource expansion drilling program started on June 18, 2014. Hole DHT-114 was the third of the initial three holes of this latest phase of drilling, which included holes DHT-113 and DHT-115, all focused on testing the ground close to an isolated hole completed in December 2012, DHT-88. The results of hole DHT-114 confirm continuity between the skarn tungsten mineralization intersected by 2012 hole DHT-88 and 2014 holes DHT-113 and DHT-115.

Main WO3 mineralized intervals from hole DHT-114 Hole Hole Hole Drilled. The set of four holes from DHT-88 in the southeast, through DHT-114 and DHT-113, to DHT-115 in the northwest, indicates the presence of a new, significant zone of tungsten mineralization, located approximately 300m NW of the Sao Pedro das Aguias resource area, and approximately 300m south of the Aveleira resource area. These four holes intersected up to three main, thick and well mineralized skarn horizons, with a confirmed to date strike length ranging from 75 metres for the upper horizon, to 125 metres for the lower horizon.

This mineralized zone appears to be closed off to the SE, but remains open to the NW. Additional drilling has already been carried out in order to test for the continuation of this zone to the NW, as well as across strike to the SW and NE, and a significant proportion of these holes encountered mineralization. Further analytical results are expected shortly, and will be communicated in the near future.