QualityStocks News - Colt Resources (COLTF) is “One to Watch”

QualityStocks would like to highlight Colt Resources Inc. (OTCQX: COLTF), one of the leading gold and tungsten mining exploration and development companies in the rapidly expanding Portuguese resource market. The company’s 100% owned advanced-stage high-grade gold and tungsten projects in Portugal are expected to be in the production stage starting in the next 18 to 36 months respectively. Colt’s senior management team is strategically divided between the administrative and field offices in Beloura, Tabuaço and Escoural, Portugal, and the corporate office in Montreal, Canada.

In the company’s news,

Colt Resources has assembled and is developing one of the most significant gold and tungsten lease portfolios in Portugal, a stable European country with excellent infrastructure and experienced labor force, high mineral potential, and a mining history dating back 2,000 years. Within three short years, Colt has not only become one of the largest holders of mining and exploration rights in Portugal, a country well-known for its rapidly growing resource market, but has also established a strategic presence in the Middle East as well.

Backed by a close working relationship with the Portuguese Government, Colt is aggressively developing its advanced-stage projects in Portugal: the Boa Fé Gold Project and its Tabuaço Tungsten Project. These 100%-owned high-grade gold and tungsten projects are expected to be in the production stage starting in the next 18 to 36 months, respectively. Leveraging its high-caliber management team, multiple environmental and community initiatives, and close relationships with the Portuguese Government, Colt anticipates the development of several mines in small, but resource-rich country.

The company also a 38% stake in Colt Resources Middle East (CRME), a company focused on securing near term, world-class production assets in emerging mining areas in the Middle East. The company’s current areas of interest are in Pakistan and Afghanistan, specifically in the Tethyan belt, one of the world’s largest mineral deposits. Leveraging an experienced team with a diversified skill set essential for de-risking mining projects at all stages of the mining cycle, CRME’s long-term strategy is to build a major diversified world class mining company.

Collectively, Colt’s portfolio consists of three experimental mining licenses, four exploration concessions, and two active joint ventures in Portugal, as well as a 38% stake in Colt Resources Middle East mining projects. Colt is a triple-listed public company, trading on the OTC marketplace, the Toronto Stock Exchange, and the Frankfort Stock Exchange. To provide maximum oversight and leadership, Colt’s senior management team has strategically divided its presence between the administrative and field offices in Beloura, Tabuaço and Escoural, Portugal, with a corporate office in Montreal, Canada.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.