Bloomberg reported that mining company, Colt Resources Inc., will sign a contract with the Portuguese government today to explore tungsten in the country in the towns of Tabuaco and Penedono.
Portugal's economy may warrant concern, but its tungsten potential appears to signal optimism.
Colt Resources Inc. (TSXV:GTP) provided an updated resource estimate for its wholly-owned, Portugal-based Tabuaço tungsten project, commenting that the approximate tungsten trioxide in the indicated mineral resource category is now 815,000 MTUs — nearly double the previous estimate. The company also noted that the estimate marks the first inclusion of material from the Aveleira zone.
Colt Resources (TSXV:GTP) announced the final analytical results from seven holes of ongoing infill drilling at the Tabuaçao tungsten project and one from the Tabuaçao-Aveleira gap from its Armamar-Meda concession in northern Portugal.
The Gazette reported Colt Resources Inc. (TSXV:GTP) believes it has found a future high-grade gold mine and a big tungsten mine in Portugal.
Avrupa Minerals Ltd. (TSXV:AVU) announced work will start on the 2012 exploration program at the Covas tungsten-gold joint venture project in Portugal.
Mineweb reported Portugal is considering a return to mining copper, gold, tungsten, tin and uranium in efforts to resume its economy.
Avrupa Minerals Ltd. (TSXV:AVU) announced Portugal has approved and signed a 1-year extension to the Covas tungsten and gold exploration license.
Colt Resources Inc. (TSXV:GTP,FWB:P01,OTCQX:COLTF) announced Steve McRobbie will lead the mining efforts at its project in Portugal.
Canadian Business reports Colt Resources Inc. (CVE:GTP) says it has acquired key surface rights for the Tabuaço tungsten project in Portugal.
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