Sunday, June 27, 2010
Weekend Reading - Southern Alberta Bakken Basin
http://macq.wir.jp/l.ut?t=1BBTF692C
Notice the first area profiled is the Southern Alberta Bakken Basin. As the author points out, the most prospective area is in Glacier County west of the Cut Bank field. Of course MVW's Red Creek field is in Glacier County and west of the Cut Bank field but nobody has figured that one out yet. MVW is the only Canadian junior in Glacier County......with a $2 million market cap and 3.5 million shares in the float. The ultimate leveraged oil stock of any on the TSX that I can see at the moment. ROSE gives their 2ndQ update in less than 45 days where we will here their progress. MVW not waiting for anyone and drilling a vertical to test the Bakken. Keep that volume low for now as I am still accumulating.
stateside
Notice the first area profiled is the Southern Alberta Bakken Basin. As the author points out, the most prospective area is in Glacier County west of the Cut Bank field. Of course MVW's Red Creek field is in Glacier County and west of the Cut Bank field but nobody has figured that one out yet. MVW is the only Canadian junior in Glacier County......with a $2 million market cap and 3.5 million shares in the float. The ultimate leveraged oil stock of any on the TSX that I can see at the moment. ROSE gives their 2ndQ update in less than 45 days where we will here their progress. MVW not waiting for anyone and drilling a vertical to test the Bakken. Keep that volume low for now as I am still accumulating.
stateside
Sunday, June 13, 2010
Four Horsemen of the Alberta Basin Bakken Oil Play
Hi Friends,
It's been a while since I've had the chance to publish research on the Canadian junior exploration sector and I apologize for that lapse. I'm also the Executive Director of Finance for a major publicly traded media/licensing company and I've been occupied over the last few months with the sale of a large part of the business which I can happily say has now closed. With that being said, I have uncovered a very tight share structure Bakken oil play in an area that is garnering considerable excitement from resource analysts and institutions in both Canada and the U.S. I've called the report "The Four Horsemen of the Southern Alberta Basin Bakken Oil Play" which follows up on two reports I did in 2008 on the Four Horsemen of the Utica Shale and the Four Horsemen of the Maritime Shale. I hope you enjoy reading it and remember....this is just a starting point for your own due diligence:
http://www.statesidereport.com/Mountainview_Energy_June_2010.pdf
I'd also like to call your attention to the activities of Colt Resources (GTP in Canada; COLTF in the US). I brought them to your attention in September last year at $.10 and they are now in the $.35 range. You can find the latest news at the top left of my website linked below. They will be doing a major US promotion starting next month and their high grade tungsten and gold properties look extremely attractive. They recently completed over $2 million in a private placement. Please note I have been retained by them to provide investor awareness services:
http://www.statesidereport.com/
I introduced you to Lovitt Resources in November at $.37 and their share price is in the $.50 range. I recently participated in their private placement and your should hear some news next week on their near-term drilling plans which are targeting high grade gold veins on their Lovitt and then their Matthews property. There are many good links on their website below:
http://www.lovittresources.com/properties/current_projects/matthews/
Finally, after one of my early year favorites Kinetex (KTX) ran from $.17/share when I introduced them to you to $.42 back in April, May and June has not been kind to them as they are now 45 days late in filing their year-end financials and the share price has fallen back to the $.16 range. They are scheduled to release their financials on Monday and I expect them to be strong. If I am right, the share price should start to recover. For those who don't have a position, wait until Tuesday to see what their results look like and if they are as good as I suspect, it would be worth your while to look into them further as long as changes are made at the company. My initial report can be accessed below. Just a note - I have been highly critical of management in a public forum as they have failed to issue their annual financials on time two years in row. This is unacceptable. Before making a new or additional investment in the company, I would wait for
management changes as the current management lacks some of the basic qualities one should expect in a publicly traded company.
http://www.statesidereport.com/Stateside_Report_Holiday_2009_Kinetex.pdf
Thanks as always for reading and have a safe and enjoyable Summer.
Vince "Stateside" Marciano
It's been a while since I've had the chance to publish research on the Canadian junior exploration sector and I apologize for that lapse. I'm also the Executive Director of Finance for a major publicly traded media/licensing company and I've been occupied over the last few months with the sale of a large part of the business which I can happily say has now closed. With that being said, I have uncovered a very tight share structure Bakken oil play in an area that is garnering considerable excitement from resource analysts and institutions in both Canada and the U.S. I've called the report "The Four Horsemen of the Southern Alberta Basin Bakken Oil Play" which follows up on two reports I did in 2008 on the Four Horsemen of the Utica Shale and the Four Horsemen of the Maritime Shale. I hope you enjoy reading it and remember....this is just a starting point for your own due diligence:
http://www.statesidereport.com/Mountainview_Energy_June_2010.pdf
I'd also like to call your attention to the activities of Colt Resources (GTP in Canada; COLTF in the US). I brought them to your attention in September last year at $.10 and they are now in the $.35 range. You can find the latest news at the top left of my website linked below. They will be doing a major US promotion starting next month and their high grade tungsten and gold properties look extremely attractive. They recently completed over $2 million in a private placement. Please note I have been retained by them to provide investor awareness services:
http://www.statesidereport.com/
I introduced you to Lovitt Resources in November at $.37 and their share price is in the $.50 range. I recently participated in their private placement and your should hear some news next week on their near-term drilling plans which are targeting high grade gold veins on their Lovitt and then their Matthews property. There are many good links on their website below:
http://www.lovittresources.com/properties/current_projects/matthews/
Finally, after one of my early year favorites Kinetex (KTX) ran from $.17/share when I introduced them to you to $.42 back in April, May and June has not been kind to them as they are now 45 days late in filing their year-end financials and the share price has fallen back to the $.16 range. They are scheduled to release their financials on Monday and I expect them to be strong. If I am right, the share price should start to recover. For those who don't have a position, wait until Tuesday to see what their results look like and if they are as good as I suspect, it would be worth your while to look into them further as long as changes are made at the company. My initial report can be accessed below. Just a note - I have been highly critical of management in a public forum as they have failed to issue their annual financials on time two years in row. This is unacceptable. Before making a new or additional investment in the company, I would wait for
management changes as the current management lacks some of the basic qualities one should expect in a publicly traded company.
http://www.statesidereport.com/Stateside_Report_Holiday_2009_Kinetex.pdf
Thanks as always for reading and have a safe and enjoyable Summer.
Vince "Stateside" Marciano
Saturday, June 5, 2010
Colt Resources Doing All the Right Things
Colt Resources has been making remarkable progress over the past year. From advancing it's two high grade gold and tungsten projects, to closing subscriptions for $2.1 million this year to taking the steps to make it easier for US investors to purchase it's stock (COLTF - new pink sheet symbol...soon to be on the OTC), Colt has been one of the "go to" junior exploratation stocks over the past 9 months. I brought Colt to your attention in September last year at $.10 per share and the price has climbed steadily to the mid-$.30 level. Quite an achievement considering the stress in the junior exploration market. Keep watching as their is more good news to come over the next few weeks.
Sunday, May 30, 2010
Four Horsemen of the XXXXXXX XXXXXX XXXXXXX
Yes...they're baaaaack. I've identified an oil area play that is just now about to get national attention as two major companies will be releasing vertical/horizontal news over the next few months. There are two Canadian juniors also in this play. One of them has been skyrocketing over the last week as investors realize the potential of their acrerage. Of course the other is an unknown public company (ala Canadian Quantum) that has acreage next door to the discovery well one of the majors drilled late last year. This major hasn't released the results but field operators point to over-pressured, highly saturated oils in 3 formations. This unknown company has only 10 million shares out and a miniscule $1 million market cap. All it needs to jump to $10 million is for it's story to get told. I plan to do that in the next few weeks when I release the 2010 version of the Four Horsemen of the XXXXXX XXXXXXXX XXXXXXXX.
Sunday, May 23, 2010
It's been a while .............................
It's been a while since my last post due to some pretty hectic work commitments lately. Looking at the markets and holding nothing but Canadian junior exploration stocks, being a way from the computer was probably a good thing. It's always hard to hold your shares during these down cycles but if you hold the right stocks, they will be the first to run once the market turns.
I am presently researching 2 companies that are under everyones radar. One is a TSX Venture stock that hasn't traded since 2003 and one is a CNSX stock that is tightly held. The TSX Venture stock will be changing their business model to focus on an emerging oil and gas play and the CNSX stock is a gold/silver play that "appears" to be moving into the energy space as well. I'm trying to confirm some additional details on both of these plays and should be getting out a report in the next few weeks. Both plays currently trade under $.20 and the key will be to get in early. If the energy market stabilizes, both of these plays could reward early investors. More on this as soon as I finish my research.
I am presently researching 2 companies that are under everyones radar. One is a TSX Venture stock that hasn't traded since 2003 and one is a CNSX stock that is tightly held. The TSX Venture stock will be changing their business model to focus on an emerging oil and gas play and the CNSX stock is a gold/silver play that "appears" to be moving into the energy space as well. I'm trying to confirm some additional details on both of these plays and should be getting out a report in the next few weeks. Both plays currently trade under $.20 and the key will be to get in early. If the energy market stabilizes, both of these plays could reward early investors. More on this as soon as I finish my research.
Sunday, April 11, 2010
The oil price is about China....not the US
I always chuckle when I hear the US oil analysts on Bloomberg and CNBC quote the weekly US oil data as the primary price driver. These dinosaurs have never ventured outside of the US and still think the US drives the price. It's all about China.
Read the article here.
SHANGHAI (AP) -- China's passenger car sales jumped 63 percent in March from a year earlier as manufacturers scrambled to meet strong demand driven by tax cuts and government subsidies, a state-affiliated industry group reported Friday.
Passenger car sales rose to 1.26 million vehicles in March, according to the China Association of Automobile Manufacturers.
The figures show sustained growth for automakers in a market that bounced back from a slowdown in late 2008-2009 as the government pumped hundreds of billions of dollars into economic stimulus.
Weak sales in the United States and a surge in car purchases by newly affluent Chinese buyers helped to make this the world's largest auto market last year, when total vehicle sales jumped 45 percent over 2008 to 13.6 million units.
The U.S. market is recovering but cannot match growth in China, where many are still buying their first cars. Demand for bigger cars is growing as families that bought small cars the first time trade up to better, larger vehicles.
Read the article here.
SHANGHAI (AP) -- China's passenger car sales jumped 63 percent in March from a year earlier as manufacturers scrambled to meet strong demand driven by tax cuts and government subsidies, a state-affiliated industry group reported Friday.
Passenger car sales rose to 1.26 million vehicles in March, according to the China Association of Automobile Manufacturers.
The figures show sustained growth for automakers in a market that bounced back from a slowdown in late 2008-2009 as the government pumped hundreds of billions of dollars into economic stimulus.
Weak sales in the United States and a surge in car purchases by newly affluent Chinese buyers helped to make this the world's largest auto market last year, when total vehicle sales jumped 45 percent over 2008 to 13.6 million units.
The U.S. market is recovering but cannot match growth in China, where many are still buying their first cars. Demand for bigger cars is growing as families that bought small cars the first time trade up to better, larger vehicles.
Sunday, March 28, 2010
Update on Lovitt Resources (LRC.V) this week
I brought Lovitt Resources (LRC) to your attention in the 4th quarter last year and it has taken a while for the company to position itself to capitalize on the great opportunity it has in this current gold market. With the closing of their private placement expected this week, I'll be putting out an update on their progress. I would expect that the share price will resume it's climb back over the $1 level as investors get re-acquainted with the near-term potential at hand.
Sunday, March 14, 2010
GATA invited to give testimony at CFTC hearing
GATA invited to give testimony at CFTC hearing
posted on Mar 14, 10 09:34PM
Le Metropole Members,
CFTC invites GATA to speak at March 25 hearing on metals trading
Submitted by cpowell on 09:59AM ET Sunday, March 14, 2010. Section: Daily Dispatches
1p ET Sunday, March 14, 2010
Dear Friend of GATA and Gold (and Silver):
GATA Chairman Bill Murphy was formally invited Friday by the U.S. Commodity Futures Trading Commission to speak at its meeting in Washington on Thursday, March 25, to examine futures and options trading in the precious and base metals markets.
The CFTC's announcement of the hearing can be found here:
http://www.cftc.gov/newsroom/generalpressreleases/2010/pr5782-10.html
GATA's appeal to the CFTC on position limits in the precious metals futures markets can be found here:
http://www.gata.org/node/8405
The CFTC's invitation results from GATA's long prodding of the commission to investigate the anomalies of the precious metals markets, particularly the concentrated short positions held by JPMorgan Chase & Co. and HSBC, and from the prodding done by dozens of GATA supporters who have heeded GATA's requests to contact the commission. The CFTC's hearing likely will be the first time the gold and silver price suppression schemes have been raised at a formal and open U.S. government proceeding.
The CFTC says its hearing will be open to the public and broadcast via the Internet and a listen-only conference call.
GATA has put great effort and expense into reaching the CFTC on this issue and into suing the Federal Reserve in federal court for information the Fed acknowledges concealing about its gold swap agreements with foreign banks, agreements that likely are at the heart of the gold price suppression scheme.
Information about GATA's lawsuit can be found here:
http://www.gata.org/node/8192
We're making good progress, actually doing things to liberate the gold and silver markets, even as the gold mining industry's nominal representative, the World Gold Council, remains silent about anything that really matters to the precious metals despite its annual budget of around $60 million. So again we ask for your financial support. Sending a small delegation to the CFTC hearing will cost money, as will getting the attention of the news media there. Prosecuting the lawsuit against the Fed will cost money. And quite apart from that, much effort and expense go into keeping the precious metals price suppression issue alive every day.
Since they are so vulnerable to their governments (for mining and environmental permits) and their banks (mining being the most capital-intensive business), even mining companies that recognize the gold and silver price suppression scheme are reluctant to support an organization such as GATA that seeks to make trouble for governments and banks. That may explain the World Gold Council's uselessness. For the most part that leaves our cause up to individuals. So if you're inclined to help financially, please visit:
http://www.gata.org/node/16
We'll strive to see that you're glad you helped.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
posted on Mar 14, 10 09:34PM
Le Metropole Members,
CFTC invites GATA to speak at March 25 hearing on metals trading
Submitted by cpowell on 09:59AM ET Sunday, March 14, 2010. Section: Daily Dispatches
1p ET Sunday, March 14, 2010
Dear Friend of GATA and Gold (and Silver):
GATA Chairman Bill Murphy was formally invited Friday by the U.S. Commodity Futures Trading Commission to speak at its meeting in Washington on Thursday, March 25, to examine futures and options trading in the precious and base metals markets.
The CFTC's announcement of the hearing can be found here:
http://www.cftc.gov/newsroom/generalpressreleases/2010/pr5782-10.html
GATA's appeal to the CFTC on position limits in the precious metals futures markets can be found here:
http://www.gata.org/node/8405
The CFTC's invitation results from GATA's long prodding of the commission to investigate the anomalies of the precious metals markets, particularly the concentrated short positions held by JPMorgan Chase & Co. and HSBC, and from the prodding done by dozens of GATA supporters who have heeded GATA's requests to contact the commission. The CFTC's hearing likely will be the first time the gold and silver price suppression schemes have been raised at a formal and open U.S. government proceeding.
The CFTC says its hearing will be open to the public and broadcast via the Internet and a listen-only conference call.
GATA has put great effort and expense into reaching the CFTC on this issue and into suing the Federal Reserve in federal court for information the Fed acknowledges concealing about its gold swap agreements with foreign banks, agreements that likely are at the heart of the gold price suppression scheme.
Information about GATA's lawsuit can be found here:
http://www.gata.org/node/8192
We're making good progress, actually doing things to liberate the gold and silver markets, even as the gold mining industry's nominal representative, the World Gold Council, remains silent about anything that really matters to the precious metals despite its annual budget of around $60 million. So again we ask for your financial support. Sending a small delegation to the CFTC hearing will cost money, as will getting the attention of the news media there. Prosecuting the lawsuit against the Fed will cost money. And quite apart from that, much effort and expense go into keeping the precious metals price suppression issue alive every day.
Since they are so vulnerable to their governments (for mining and environmental permits) and their banks (mining being the most capital-intensive business), even mining companies that recognize the gold and silver price suppression scheme are reluctant to support an organization such as GATA that seeks to make trouble for governments and banks. That may explain the World Gold Council's uselessness. For the most part that leaves our cause up to individuals. So if you're inclined to help financially, please visit:
http://www.gata.org/node/16
We'll strive to see that you're glad you helped.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Tuesday, February 23, 2010
Questerre's St. Edouard No. 1A tests at 12 mmcf/d
Can we have a repeat of April-June 2008? Absolutely. These results will draw the institutions back in. ATI, CQM and KTX are 3 stocks that will likely move towards their all-time highs over the coming months. QEC, JNX, GMR and PCQ will also move substantially higher. The 4 Horseman of the Utica Shale (+CQM) are galloping proudly once again.
Questerre's St. Edouard No. 1A tests at 12 mmcf/d
2010-02-23 08:09 ET - News Release
Mr. Michael Binnion reports
QEC ANNOUNCES UTICA WELL TESTS AT 12 MMCF/D
Questerre Energy Corp. has released the test results from the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands in Quebec.
The horizontal well was successfully completed with eight stage fracture stimulations. Cleanup and flowback commenced Jan. 29, 2010. Initial rates were over 12 million cubic feet per day. During the test, the well flowed natural gas at an average rate of over six million cubic feet per day.
The well is currently still flowing on an extended production test. The current rate is approximately five million cubic feet per day at a flowing tubing pressure of 4,412 kilo-pascals (640 pounds per square inch) with a choke size of five-eighths of an inch.
Michael Binnion, president and chief executive officer of Questerre, commented, "This first horizontal result is simply excellent!"
During the completion, microseismic data were gathered using the St. Edouard No. 1 vertical well as a monitoring well. Preliminary analysis indicates the fracs were successful in stimulating sufficient rock volume in the entire Utica sequence.
Mr. Binnion added, "The initial rates from St. Edouard exceed our internal threshold for commercial production on a per-well basis based on targeted development costs."
The company and the operator are evaluating pipeline options to tie in the St. Edouard location.
We seek Safe Harbor.
Questerre's St. Edouard No. 1A tests at 12 mmcf/d
2010-02-23 08:09 ET - News Release
Mr. Michael Binnion reports
QEC ANNOUNCES UTICA WELL TESTS AT 12 MMCF/D
Questerre Energy Corp. has released the test results from the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands in Quebec.
The horizontal well was successfully completed with eight stage fracture stimulations. Cleanup and flowback commenced Jan. 29, 2010. Initial rates were over 12 million cubic feet per day. During the test, the well flowed natural gas at an average rate of over six million cubic feet per day.
The well is currently still flowing on an extended production test. The current rate is approximately five million cubic feet per day at a flowing tubing pressure of 4,412 kilo-pascals (640 pounds per square inch) with a choke size of five-eighths of an inch.
Michael Binnion, president and chief executive officer of Questerre, commented, "This first horizontal result is simply excellent!"
During the completion, microseismic data were gathered using the St. Edouard No. 1 vertical well as a monitoring well. Preliminary analysis indicates the fracs were successful in stimulating sufficient rock volume in the entire Utica sequence.
Mr. Binnion added, "The initial rates from St. Edouard exceed our internal threshold for commercial production on a per-well basis based on targeted development costs."
The company and the operator are evaluating pipeline options to tie in the St. Edouard location.
We seek Safe Harbor.
Friday, February 19, 2010
Colt Resources Inc. Intersects 180.57 g/t gold on its Penedono Gold Project in Northern Portugal
A nice high grade gold hole to compliment their high grade tungsten holes. Please email me if you are interested in participating in Colt's announced PP.
stateside
Colt Resources Inc. Intersects 180.57 g/t gold on its Penedono Gold Project in Northern Portugal
Trading Symbols: GTP - (CNSX)
P01 - (FRANKFURT)
MONTREAL, Feb. 18 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce very encouraging results from its ongoing drill program on the Santo Antonio vein system at its 100% owned Penedono Gold Project.
Located on the Penedono Concession (102 km2) in northern Portugal, the Penedono Gold Project is four hours driving time from the capital city of Lisbon and three hours by paved highway from the coastal city of Porto.
The Santo Antonio vein system consists of at least 13 known en echelon, northeast trending, steeply dipping, gold-bearing quartz-sulphide veins that outcrop over an area of 1 km x 1.2 km. Veins occur within upper Paleozoic age leucocratic "S Type" two-mica granite. A number of veins were surface mined for gold during Roman times. In the 1950's, the Santo Antonio mine was in operation for several years; underground work was carried out on several veins.
Colt has been conducting a diamond drilling program on the Santo Antonio vein system targeting veins 11 and 13. Drill hole PPE 10-01 on vein 11 intersected massive arsenopyrite mineralization that returned 180.57 g/t gold over 0.38 m, at depth 30.33 m to 30.71 m. This represents the highest gold grade obtained to date on the Santo Antonio vein system.
Previous drilling on vein 11 also intersected several high grade gold intercepts. Hole PPE 08-04 intersected 5.89 g/t over 8.14 m: including 18.37 g/t over 1.54 m. Hole PPE 08-03 intersected 8.34 g/t over 6.74 m: including 24.05 g/t over 1.87 m, which included 15.04 g/t over 1.00 m and 34.40 g/t over 0.87 m.
With only limited and shallow drilling completed to date, Colt believes it has simply scratched the surface in its evaluation of the Santo Antonio high grade gold system. Colt will vigorously pursue this promising gold project with an expanded drill program later this year.
Sample intervals are reported as metres (m) downhole and as such do not represent true width. Core samples were sawed in half, one half was sampled at appropriate intervals, and samples were delivered by courier to OMAC Laboratories Ltd., Galway, Ireland, an ISO 17025 accredited facility. The gold assaying method used was standard Fire Assay with AA finish technique on a 50 gram aliquot.
Commercial standards and blanks are inserted by Colt with submitted samples to ensure precision of results. The laboratory also inserts its own standards. Repeat check assays on every 10 samples are routinely carried out by the lab to ensure internal lab quality control.
The technical portions of this news release have been prepared and approved by Mario Justino, P.Geo., Vice President Exploration for Colt and J.W. Murton, P. Eng., both qualified persons as defined by National Instrument 43-101. Mr. J.W. Murton is a director of Colt.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements. The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
%SEDAR: 00015107E
For further information: Nikolas Perrault, President & CEO, Colt Resources Inc., (514) 394-0009, nperrault@coltresources.com; Aurelio Useche, Chief Financial Officer, Colt Resources Inc., (514) 394-0009, auseche@coltresources.com
stateside
Colt Resources Inc. Intersects 180.57 g/t gold on its Penedono Gold Project in Northern Portugal
Trading Symbols: GTP - (CNSX)
P01 - (FRANKFURT)
MONTREAL, Feb. 18 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce very encouraging results from its ongoing drill program on the Santo Antonio vein system at its 100% owned Penedono Gold Project.
Located on the Penedono Concession (102 km2) in northern Portugal, the Penedono Gold Project is four hours driving time from the capital city of Lisbon and three hours by paved highway from the coastal city of Porto.
The Santo Antonio vein system consists of at least 13 known en echelon, northeast trending, steeply dipping, gold-bearing quartz-sulphide veins that outcrop over an area of 1 km x 1.2 km. Veins occur within upper Paleozoic age leucocratic "S Type" two-mica granite. A number of veins were surface mined for gold during Roman times. In the 1950's, the Santo Antonio mine was in operation for several years; underground work was carried out on several veins.
Colt has been conducting a diamond drilling program on the Santo Antonio vein system targeting veins 11 and 13. Drill hole PPE 10-01 on vein 11 intersected massive arsenopyrite mineralization that returned 180.57 g/t gold over 0.38 m, at depth 30.33 m to 30.71 m. This represents the highest gold grade obtained to date on the Santo Antonio vein system.
Previous drilling on vein 11 also intersected several high grade gold intercepts. Hole PPE 08-04 intersected 5.89 g/t over 8.14 m: including 18.37 g/t over 1.54 m. Hole PPE 08-03 intersected 8.34 g/t over 6.74 m: including 24.05 g/t over 1.87 m, which included 15.04 g/t over 1.00 m and 34.40 g/t over 0.87 m.
With only limited and shallow drilling completed to date, Colt believes it has simply scratched the surface in its evaluation of the Santo Antonio high grade gold system. Colt will vigorously pursue this promising gold project with an expanded drill program later this year.
Sample intervals are reported as metres (m) downhole and as such do not represent true width. Core samples were sawed in half, one half was sampled at appropriate intervals, and samples were delivered by courier to OMAC Laboratories Ltd., Galway, Ireland, an ISO 17025 accredited facility. The gold assaying method used was standard Fire Assay with AA finish technique on a 50 gram aliquot.
Commercial standards and blanks are inserted by Colt with submitted samples to ensure precision of results. The laboratory also inserts its own standards. Repeat check assays on every 10 samples are routinely carried out by the lab to ensure internal lab quality control.
The technical portions of this news release have been prepared and approved by Mario Justino, P.Geo., Vice President Exploration for Colt and J.W. Murton, P. Eng., both qualified persons as defined by National Instrument 43-101. Mr. J.W. Murton is a director of Colt.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements. The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
%SEDAR: 00015107E
For further information: Nikolas Perrault, President & CEO, Colt Resources Inc., (514) 394-0009, nperrault@coltresources.com; Aurelio Useche, Chief Financial Officer, Colt Resources Inc., (514) 394-0009, auseche@coltresources.com
Monday, February 15, 2010
A must listen interview ....Jim Sinclair on King World News
For those gold bulls wavering, please take a few minutes and listen to the Jim Sinclair interview this weekend at King World news today.
Wednesday, February 3, 2010
More high grade tungsten from Colt announced today
Colt Resources drills 13.6 m of 0.93% WO3 at Tabuaco
2010-02-03 16:16 ET - News Release
Mr. Nikolas Perrault reports
COLT RESOURCES INC. INTERSECTS 0.93% WO3 OVER 13.60 M ON ITS TABUACO TUNGSTEN PROJECT NORTHERN PORTUGAL
Colt Resources Inc. has received very encouraging results from hole DHT-02, the second hole of its continuing drill program on its 100-per-cent-owned Tabuaco tungsten project.
Located on the Armamar-Meda concession (436.81 square kilometres) in northern Portugal, the Tabuaco tungsten project is situated roughly 100 kilometres east of the coastal city of Porto. In the early 1980s, exploration in the Tabuaco area led to the discovery of significant tungsten mineralization at Sao Pedro das Aguias.
Mineralization consists of fine- to coarse-grained disseminations of scheelite within thick (up to 19 metres), shallow-dipping skarn horizons in metasedimentary rocks adjacent to a major intrusive unit. Limited drilling at the Sao Pedro das Aguias zone produced significant historical drill results including 19.35 metres grading 1.18 per cent tungsten oxide. A non-National Instrument 43-101-compliant historical resource of one million tonnes grading 0.87 per cent WO3 was calculated by the SPE-BRGM joint venture in the early 1980s.
To date, Colt has completed two shallow drill holes, DHT-01B and DHT-02. A third hole is currently under way. Average grade results from hole DHT-01B show two major intervals: an upper interval of 4.75 metres grading 0.52 per cent WO3 and a lower interval which includes the main skarn horizon of 18.80 m grading 0.73 per cent WO3. The lower interval includes 13.77 m grading 0.84 per cent WO3, which includes zones of three metres grading 1.14 per cent WO3 and 6.32 m grading 0.99 per cent WO3.
HOLE DHT-01B
Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)
DHT-01B 59.85 7.10 11.85 4.75 0.52
19.15 37.95 18.80 0.73
Includes 19.15 21.25 2.10 1.01
Includes 24.18 37.95 13.77 0.84
Includes 24.18 27.18 3.00 1.14
Includes 29.18 35.50 6.32 0.99
* calculated
Hole DHT-02, total depth of 90.30 m, located 100 m southeast of hole DHT-01B, intersected an early mixed skarn horizon at 52.60 m to 54.80 m and then the main skarn horizon at 54.80 m to 66.20 m. As in hole DHT-01B, skarn horizons contain coarse-grained scheelite mineralization. Results from hole DHT-02 show 13.60 m grading 0.93 per cent WO3. This includes 10.35 m grading 1.17 per cent WO3, which includes five metres grading 1.44 per cent WO3.
HOLE DHT-02
Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)
DHT-02 90.30 52.60 66.20 13.60 0.93
includes 52.60 62.95 10.35 1.17
includes 57.95 62.95 5.00 1.44
Colt is very encouraged by the significant widths and grades encountered in hole DHT-01B and in hole DHT-02. Hole DHT-03, located roughly 100 metres southeast of hole DHT-02, is presently being drilled.
The goal of the current diamond drilling program by Colt Resources at Sao Pedro das Aguias is to verify historical drilling results and to confirm and expand the historical resource. Drilling is also planned to test lateral southeast and northwest extensions of the main skarn horizon, as well as newly discovered lower skarn horizons, located roughly 40 metres below the main skarn horizon. Mapping and local surface sampling of clusters of poorly exposed skarn outcrop and float returned very encouraging tungsten results extending over a strike length of over one kilometre northwest of Sao Pedro das Aguias.
Sample intervals are reported as metres downhole and as such do not represent true width. The actual dip of the skarn-controlled mineralization is generally shallow.
All samples were analyzed at OMAC Laboratories Ltd., Galway, Ireland, an ISO:17025-accredited facility. Samples were analyzed using a metaborate fusion followed by ICP-MS. Assay results for tungsten are reported by the laboratory as W per cent. Values of WO3 per cent are calculated using a conversion factor of 1.261.
Quality control
A set of internal standards and blanks is employed by Colt in its sample stream as well as the laboratory's own standards and duplicates. Results to date are well within the accepted norm.
The technical portions of this news release have been prepared and approved by Mario Justino, PGeo, vice-president, exploration, Colt, and J.W. Murton, PEng, both qualified persons as defined by National Instrument 43-101. Mr. Murton is a director of Colt.
We seek Safe Harbor.
2010-02-03 16:16 ET - News Release
Mr. Nikolas Perrault reports
COLT RESOURCES INC. INTERSECTS 0.93% WO3 OVER 13.60 M ON ITS TABUACO TUNGSTEN PROJECT NORTHERN PORTUGAL
Colt Resources Inc. has received very encouraging results from hole DHT-02, the second hole of its continuing drill program on its 100-per-cent-owned Tabuaco tungsten project.
Located on the Armamar-Meda concession (436.81 square kilometres) in northern Portugal, the Tabuaco tungsten project is situated roughly 100 kilometres east of the coastal city of Porto. In the early 1980s, exploration in the Tabuaco area led to the discovery of significant tungsten mineralization at Sao Pedro das Aguias.
Mineralization consists of fine- to coarse-grained disseminations of scheelite within thick (up to 19 metres), shallow-dipping skarn horizons in metasedimentary rocks adjacent to a major intrusive unit. Limited drilling at the Sao Pedro das Aguias zone produced significant historical drill results including 19.35 metres grading 1.18 per cent tungsten oxide. A non-National Instrument 43-101-compliant historical resource of one million tonnes grading 0.87 per cent WO3 was calculated by the SPE-BRGM joint venture in the early 1980s.
To date, Colt has completed two shallow drill holes, DHT-01B and DHT-02. A third hole is currently under way. Average grade results from hole DHT-01B show two major intervals: an upper interval of 4.75 metres grading 0.52 per cent WO3 and a lower interval which includes the main skarn horizon of 18.80 m grading 0.73 per cent WO3. The lower interval includes 13.77 m grading 0.84 per cent WO3, which includes zones of three metres grading 1.14 per cent WO3 and 6.32 m grading 0.99 per cent WO3.
HOLE DHT-01B
Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)
DHT-01B 59.85 7.10 11.85 4.75 0.52
19.15 37.95 18.80 0.73
Includes 19.15 21.25 2.10 1.01
Includes 24.18 37.95 13.77 0.84
Includes 24.18 27.18 3.00 1.14
Includes 29.18 35.50 6.32 0.99
* calculated
Hole DHT-02, total depth of 90.30 m, located 100 m southeast of hole DHT-01B, intersected an early mixed skarn horizon at 52.60 m to 54.80 m and then the main skarn horizon at 54.80 m to 66.20 m. As in hole DHT-01B, skarn horizons contain coarse-grained scheelite mineralization. Results from hole DHT-02 show 13.60 m grading 0.93 per cent WO3. This includes 10.35 m grading 1.17 per cent WO3, which includes five metres grading 1.44 per cent WO3.
HOLE DHT-02
Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)
DHT-02 90.30 52.60 66.20 13.60 0.93
includes 52.60 62.95 10.35 1.17
includes 57.95 62.95 5.00 1.44
Colt is very encouraged by the significant widths and grades encountered in hole DHT-01B and in hole DHT-02. Hole DHT-03, located roughly 100 metres southeast of hole DHT-02, is presently being drilled.
The goal of the current diamond drilling program by Colt Resources at Sao Pedro das Aguias is to verify historical drilling results and to confirm and expand the historical resource. Drilling is also planned to test lateral southeast and northwest extensions of the main skarn horizon, as well as newly discovered lower skarn horizons, located roughly 40 metres below the main skarn horizon. Mapping and local surface sampling of clusters of poorly exposed skarn outcrop and float returned very encouraging tungsten results extending over a strike length of over one kilometre northwest of Sao Pedro das Aguias.
Sample intervals are reported as metres downhole and as such do not represent true width. The actual dip of the skarn-controlled mineralization is generally shallow.
All samples were analyzed at OMAC Laboratories Ltd., Galway, Ireland, an ISO:17025-accredited facility. Samples were analyzed using a metaborate fusion followed by ICP-MS. Assay results for tungsten are reported by the laboratory as W per cent. Values of WO3 per cent are calculated using a conversion factor of 1.261.
Quality control
A set of internal standards and blanks is employed by Colt in its sample stream as well as the laboratory's own standards and duplicates. Results to date are well within the accepted norm.
The technical portions of this news release have been prepared and approved by Mario Justino, PGeo, vice-president, exploration, Colt, and J.W. Murton, PEng, both qualified persons as defined by National Instrument 43-101. Mr. Murton is a director of Colt.
We seek Safe Harbor.
Wednesday, January 20, 2010
Excellent drill results from Colt Resources today!
Since recommending Colt Resources to readers in September at $.10, Colt's share price currently sits at $.25 for a gain of 150%. Investors are beginning to appreciate Colt's two prong high-grade tungsten and high-grade gold approach to success. Colt recently completed a small private placement and management is hosting a property tour this week with analysts and potential institutional investors. Even with the current share price of $.25, this is still a company with a tiny market cap under $10 million. The Coffin brothers continue to follow this story and should be impressed by the high-grade tungsten drill results announced today (January 20th). Reports from other tungsten juniors indicate the Chinese come calling once a nice hole is pulled and this high-grade hole may draw such interest. Since the average grade of producing tungsten mines is 0.5% WO3, anything higher is considered high grade and will grab investors attention. The press release is shown below:
Colt Resources drills 18.8 m of 0.73% WO3 at Tabuaco
2010-01-20 08:51 ET - News Release
Mr. Nikolas Perrault reports
COLT RESOURCES INC. REPORTS ON DIAMOND DRILLING RESULTS ON THE TABUACO TUNGSTEN PROJECT NORTHERN PORTUGAL
Colt Resources Inc. has provided the first assay results from the diamond drilling program on its 100-per-cent-owned Tabuaco tungsten project. The initial hole successfully confirmed significant historical tungsten results over a wide interval. The current drill program objective is to confirm and expand on the historical resource (non-NI 43-101-compliant).
Located on the 436.81-square-kilometre Armamar-Meda concession in northern Portugal, the Tabuaco tungsten project is situated about 100 km east of the coastal city of Porto. Past exploration in the Tabuaco area in the early 1980s led to the discovery of significant tungsten mineralization at Sao Pedro das Aguias.
Mineralization consists of fine- to coarse-grained disseminations of scheelite within thick (up to 19 metres) shallow-dipping skarn horizons in metasedimentary rocks adjacent to a major intrusive unit. Limited widely spaced drilling at the Sao Pedro das Aguias zone produced significant historic drill results including 19.35 m grading 1.18 per cent WO3. A non-NI 43-101-compliant historical resource of one million tonnes grading 0.87 per cent WO3 was calculated by the S95PE-BRGM joint venture in the early 1980s.
The goal of the current diamond drilling program by Colt Resources at Sao Pedro das Aguias is to verify historical drilling results and to confirm and expand the historical resource. Drilling is also planned to test lateral southeast and northwest extensions of the main skarn horizon, as well as newly discovered lower skarn horizons, located about 40 m below the main skarn horizon.
To date, Colt has completed two shallow drill holes, DHT-01B and DHT-02; a third hole is under way. Hole DHT-01B, total depth of 59.85 m, intersected two shallow skarn horizons at 7.10 m to 11.85 m and at 19.15 m to 21.25 m and then cut the main skarn horizon at 24.18 m to 37.95 m. The skarn horizons are well mineralized with generally coarse-grained scheelite mineralization (visible under ultraviolet light).
Average grade results from hole DHT-01B show two major intervals: an upper interval of 4.75 m grading 0.52 per cent WO3; and a lower interval, which includes the main skarn horizon, of 18.80 m grading 0.73 per cent WO3. The lower interval includes 13.77 m grading 0.84 per cent WO3, which includes zones of 3.00 m grading 1.14 per cent WO3 and 6.32 m grading 0.99 per cent WO3. These wide and high-grade results confirm and compare well with nearby historical drill hole results of 19.35 m grading 1.18 per cent WO3.
Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)
DHT-01B 59.85 7.10 11.85 4.75 0.52
19.15 37.95 18.80 0.73
includes 19.15 21.25 2.10 1.01
includes 24.18 37.95 13.77 0.84
includes 24.18 27.18 3.00 1.14
includes 29.18 35.50 6.32 0.99
*calculated
Hole DHT-02, total depth of 90.30 m, located 100 m southeast of hole DHT-01B, intersected an early mixed skarn horizon at 52.60 m to 54.80 m and then the main skarn horizon at 54.80 m to 65.25 m. As in hole DHT-01B, skarn horizons contain coarse-grained scheelite mineralization (visible under ultraviolet light). This core has been sampled and shipped for analysis: results are pending.
Colt is extremely encouraged by the significant widths and grades encountered in hole DHT-01B and in the scheelite mineralization encountered in hole DHT-02 (results pending). Hole DHT-03, located approximately 100 m southeast of hole DHT-02, is currently being drilled.
Additional drilling is planned to test strike extensions of the main skarn horizon and newly discovered lower skarn horizons located about 40 m below the main skarn horizon. Mapping and local surface sampling in these poorly exposed areas returned very encouraging tungsten results extending over a strike length of over one km.
Colt believes that the combination of the following favourable factors may indicate the presence of a tungsten deposit with world-class potential.
Location:
Project is located in a mining friendly, stable state, member of the European Union.
Project area has an excellent, established infrastructure and road access.
Project is situated in close proximity (tilde), 100 km, to coastal port facilities.
Mineralization potential:
Original historical resource estimation was very preliminary, being based on six shallow drill holes and channel sampling. The areal extent of blocks used in the estimation was less than 300 m by 180 m. This covers less than half of the potential area of the exposed main skarn horizon at Sao Pedro das Aguias.
Extensions of the Sao Pedro das Aguias main skarn horizon over a strike length of nearly one km, as well as recently discovered skarn zones located about 40 m below the Sao Pedro das Aguias main skarn horizon, remain poorly explored and have never been drill tested.
The region surrounding the project area contains several encouraging tungsten occurrences and remains largely underexplored.
Elements suggesting mining potential at Sao Pedro das Aguias include the following:
Local relatively high tungsten grades in the order of 0.5 per cent WO3 and higher.
Skarn horizons are relatively thick, five to 20 m, and gently dipping, 5 degrees to 25 degrees.
Mineralization consists of fine- to coarse-grained disseminations of scheelite.
Mineralized skarn horizons are generally devoid of sulphides.
Colt will be giving priority to the Tabuaco tungsten project with the aim of fast tracking development.
Sample intervals are reported as metres (m) downhole and as such do not represent true width. The actual dip of the skarn-controlled mineralization is generally shallow.
All samples were analyzed at OMAC Laboratories Ltd., Galway, Ireland, an ISO 17025 accredited facility. Samples were analyzed using a metaborate fusion followed by ICP-MS. Assay results for tungsten are reported by the laboratory as W per cent. WO3 values are calculated using a conversion factor of 1.261.
Quality control
A set of standards, duplicates and blanks is employed by Colt in its sample stream as well as the laboratory's own standards and duplicates. Results to date are well within the accepted norm.
The technical portions of this news release have been prepared and approved by J.W. Murton, PEng, a qualified person as defined by National Instrument 43-101. Mr. Murton is a director of Colt.
Colt recently completed a small private placement and management is hosting a property tour this week with analysts and potential institutional investors. Even with the current share price of $.25, this is still a company with a tiny market cap under $10 million.
Colt Resources drills 18.8 m of 0.73% WO3 at Tabuaco
2010-01-20 08:51 ET - News Release
Mr. Nikolas Perrault reports
COLT RESOURCES INC. REPORTS ON DIAMOND DRILLING RESULTS ON THE TABUACO TUNGSTEN PROJECT NORTHERN PORTUGAL
Colt Resources Inc. has provided the first assay results from the diamond drilling program on its 100-per-cent-owned Tabuaco tungsten project. The initial hole successfully confirmed significant historical tungsten results over a wide interval. The current drill program objective is to confirm and expand on the historical resource (non-NI 43-101-compliant).
Located on the 436.81-square-kilometre Armamar-Meda concession in northern Portugal, the Tabuaco tungsten project is situated about 100 km east of the coastal city of Porto. Past exploration in the Tabuaco area in the early 1980s led to the discovery of significant tungsten mineralization at Sao Pedro das Aguias.
Mineralization consists of fine- to coarse-grained disseminations of scheelite within thick (up to 19 metres) shallow-dipping skarn horizons in metasedimentary rocks adjacent to a major intrusive unit. Limited widely spaced drilling at the Sao Pedro das Aguias zone produced significant historic drill results including 19.35 m grading 1.18 per cent WO3. A non-NI 43-101-compliant historical resource of one million tonnes grading 0.87 per cent WO3 was calculated by the S95PE-BRGM joint venture in the early 1980s.
The goal of the current diamond drilling program by Colt Resources at Sao Pedro das Aguias is to verify historical drilling results and to confirm and expand the historical resource. Drilling is also planned to test lateral southeast and northwest extensions of the main skarn horizon, as well as newly discovered lower skarn horizons, located about 40 m below the main skarn horizon.
To date, Colt has completed two shallow drill holes, DHT-01B and DHT-02; a third hole is under way. Hole DHT-01B, total depth of 59.85 m, intersected two shallow skarn horizons at 7.10 m to 11.85 m and at 19.15 m to 21.25 m and then cut the main skarn horizon at 24.18 m to 37.95 m. The skarn horizons are well mineralized with generally coarse-grained scheelite mineralization (visible under ultraviolet light).
Average grade results from hole DHT-01B show two major intervals: an upper interval of 4.75 m grading 0.52 per cent WO3; and a lower interval, which includes the main skarn horizon, of 18.80 m grading 0.73 per cent WO3. The lower interval includes 13.77 m grading 0.84 per cent WO3, which includes zones of 3.00 m grading 1.14 per cent WO3 and 6.32 m grading 0.99 per cent WO3. These wide and high-grade results confirm and compare well with nearby historical drill hole results of 19.35 m grading 1.18 per cent WO3.
Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)
DHT-01B 59.85 7.10 11.85 4.75 0.52
19.15 37.95 18.80 0.73
includes 19.15 21.25 2.10 1.01
includes 24.18 37.95 13.77 0.84
includes 24.18 27.18 3.00 1.14
includes 29.18 35.50 6.32 0.99
*calculated
Hole DHT-02, total depth of 90.30 m, located 100 m southeast of hole DHT-01B, intersected an early mixed skarn horizon at 52.60 m to 54.80 m and then the main skarn horizon at 54.80 m to 65.25 m. As in hole DHT-01B, skarn horizons contain coarse-grained scheelite mineralization (visible under ultraviolet light). This core has been sampled and shipped for analysis: results are pending.
Colt is extremely encouraged by the significant widths and grades encountered in hole DHT-01B and in the scheelite mineralization encountered in hole DHT-02 (results pending). Hole DHT-03, located approximately 100 m southeast of hole DHT-02, is currently being drilled.
Additional drilling is planned to test strike extensions of the main skarn horizon and newly discovered lower skarn horizons located about 40 m below the main skarn horizon. Mapping and local surface sampling in these poorly exposed areas returned very encouraging tungsten results extending over a strike length of over one km.
Colt believes that the combination of the following favourable factors may indicate the presence of a tungsten deposit with world-class potential.
Location:
Project is located in a mining friendly, stable state, member of the European Union.
Project area has an excellent, established infrastructure and road access.
Project is situated in close proximity (tilde), 100 km, to coastal port facilities.
Mineralization potential:
Original historical resource estimation was very preliminary, being based on six shallow drill holes and channel sampling. The areal extent of blocks used in the estimation was less than 300 m by 180 m. This covers less than half of the potential area of the exposed main skarn horizon at Sao Pedro das Aguias.
Extensions of the Sao Pedro das Aguias main skarn horizon over a strike length of nearly one km, as well as recently discovered skarn zones located about 40 m below the Sao Pedro das Aguias main skarn horizon, remain poorly explored and have never been drill tested.
The region surrounding the project area contains several encouraging tungsten occurrences and remains largely underexplored.
Elements suggesting mining potential at Sao Pedro das Aguias include the following:
Local relatively high tungsten grades in the order of 0.5 per cent WO3 and higher.
Skarn horizons are relatively thick, five to 20 m, and gently dipping, 5 degrees to 25 degrees.
Mineralization consists of fine- to coarse-grained disseminations of scheelite.
Mineralized skarn horizons are generally devoid of sulphides.
Colt will be giving priority to the Tabuaco tungsten project with the aim of fast tracking development.
Sample intervals are reported as metres (m) downhole and as such do not represent true width. The actual dip of the skarn-controlled mineralization is generally shallow.
All samples were analyzed at OMAC Laboratories Ltd., Galway, Ireland, an ISO 17025 accredited facility. Samples were analyzed using a metaborate fusion followed by ICP-MS. Assay results for tungsten are reported by the laboratory as W per cent. WO3 values are calculated using a conversion factor of 1.261.
Quality control
A set of standards, duplicates and blanks is employed by Colt in its sample stream as well as the laboratory's own standards and duplicates. Results to date are well within the accepted norm.
The technical portions of this news release have been prepared and approved by J.W. Murton, PEng, a qualified person as defined by National Instrument 43-101. Mr. Murton is a director of Colt.
Colt recently completed a small private placement and management is hosting a property tour this week with analysts and potential institutional investors. Even with the current share price of $.25, this is still a company with a tiny market cap under $10 million.
Saturday, January 16, 2010
Lovitt Resources at the Vancouver Resource Show
For those attending the Vancouver Resource Show this weekend, please be sure to stop by the Lovitt Resources booth and speak with Lorne Brown. They are really moving forward on their marketing efforts and will also be attending the Phoenix show in February as well as doing some Howe Street presentations in Vancouver. With only a $3 million market cap and 400,000 historical non 43-101 compliant high grade gold ounces, Lovitt's share price represents an exceptional entry point right now.
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