Colt investor presentation July 2nd, 2010

1

Gold, Tungsten,

and Base Metal Projects

in Portugal

GTP – (CNSX)

P01 – (FRANKFURT)

COLTF – (USA Pink Sheets)

2

Forward looking statements

Except for historic information, the matters discussed in

this presentation contain forward-looking statements.

These statements involve known and unknown risks,

delays, uncertainties and other factors not under the

Corporation’s control that may cause actual results,

levels of activity, performance or achievements to be

materially different from the results, levels of activity,

performance, achievements or expectations expressed

or implied by these forward-looking statements.

3

Who we are

A Canadian junior exploration company

With an experienced dynamic management

Determined to become a producer within two

years

4

Experienced Dynamic Management Team

Directors and OfficersNikolas Perrault, CFA, President and CEO

Mario Justino, M.Sc., P. Geo., Vice-President Exploration

Aurelio Useche, CMA, Director & Chief Financial Officer

James Ladner, lic.oec.HSG, Director, Zurich

Donald J.P. Ziraldo, C.M., LLD, Director, Toronto

David Johnson, B.A.(Hons.), LL.B. Attorney, Director

J. Wayne Murton, P.Eng., Director, Vancouver

Exploration TeamMario Justino, M.Sc., P. Geo., Vice-President Exploration

J. Wayne Murton, P.Eng., Geologist and Mining Consultant

Filipe Faria, Geologist and Principal Consultant in Portugal

Jorge Valente, P.Eng., CEO, Eurocolt Resources Ltda.:

(the wholly owned subsidiary of COLT in Portugal)

Advisory BoardJean Depatie, Montréal, Québec

Declan Costelloe, Lakewood, Colorado,

Kevin Ernst, New York, New York

John D. Redfern, Montréal, Québec

5

Share Structure1

Shares Outstanding: 39 million

Shares fully diluted: 63 million

Current share price $0.27

52 wk high – low $0.47 – $0.07

Market capitalization: $10.5 million

Average exercise price

of warrants and options: $0.30 per share

Significant management ownership and

strong shareholder base

Listed on the Canadian National Stock Exchange under GTP

Listed on Frankfurt and Berlin Exchanges under the Symbol P01

Listed on USA Pink Sheets under the Symbol COLTF

1As of July 2, 2010 CAN$

6

Why Portugal?

Stable and mining friendly country of the European Union

Exceptional geological potential; remains largely overlooked andunder-explored

Properties easily accessible year round

Well developed modern infrastructure: close proximity to roads,water, power, and port facilities

Excellent labour force availability with a hard working culture

Excellent government relationships at both state and municipallevels

Potential access to various EU financial incentive programs forinfrastructure development

7

Penedono Gold 102 km2

Armamar - MedaTungsten -

Gold436 km2

Moimenta -

Almendra

Gold –

Tungsten -

Tin

566 km2

Santa Margarida

do Sado

Massive

Sulphides

(VMS):

Cu Pb Zn (Ag,

Au)

360 km2

Concession Name Principal commodity

Northern Portugal

Southwestern Portugal

Total: ~ 1,464 km2

A significant land package.

Currently the second largest holder

of mineral exploration rights in

Portugal.

Properties:

8

Why Gold?

9

Outline of concessions and location of

exploration targets in Northern Portugal

10

Penedono Gold Concession

Mineralization comprised of widespread clusters of gold-bearing vein systems, locally containing tungsten.

Veins occur as clusters within a broad west-northwest trending 16 km long belt.

Veins consist of:

– Steeply dipping quartz-sulphide veins (e.g. Santo Antonio area)

– Quartz-sulphide “greisen” veinlets and zones

– Sheeted veins and stockwork

Potential for deposits of:

– Underground high-grade gold veins

– Open pit lower grade gold zones

Numerous untested, large gold-in-soil anomalies

Excellent infrastructure, road access throughout the concession, with a supportive local population

Index

Penedono

11

Santo Antonio Gold

Mine

(closed)

Penedono

Concession

outline

Vein

sets

(Modified after W. Gruenwald, 2008)

Penedono Concession

Sept. 2009

Penedono Gold ConcessionExtent of gold-bearing vein sets over NW Zone: 16km long

Main Drill Area

Santo Antonio

13 en echelon

vein system

12

Penedono Gold Concession Exploration History

Explored and exploited for gold dating back to Roman times.

Very limited modern exploration.

In the mid-1950’s, the Santo Antonio gold mine went intoproduction and operated for at least 9 years.

– Tenuous records indicate perhaps 110,000 tonnes of materialwere processed with perhaps 331,000 grams of goldrecovered.

– Grade possibly up to 14 g/t Au (source INETI).

Only 6 drilling campaigns completed since 1996, with a total of7,431 meters in 68 shallow holes.

Just over half targeted the Santo Antonio vein system.

13

Penedono Gold ConcessionExploration Results

Acquired concession from Rio Narcea in June 2007. Several distinct clusters ofauriferous quartz veins, with seven key areas outlined to date.

Focused on the Santo Antonio vein system - 13 en echelon, northeast trendingveins outcropping over a 1.2 km by 1 km area.

Limited shallow drilling in at Santo Antonio in 2008-2010 by Colt on Veins 11and 13 produced several high grade gold intersections*: (see following slide).

Table of High Grade Results: Veins 11 and 13

Vein High grade drill intervals: Au g/t Hole number

vein 11 180.57 g/t over 0.38 m PPE 10-01

vein 13 87.04 g/t over 1.00 m included in 39.67 g/t over 2.23 m PPE 08-02

vein 13 75.64 g/t over 0.08 m (left over vein from mined stope) PPE 10-04





14

Penedono Gold Concession2008 - 2010 Drilling: Significant Gold ResultsSanto Antonio veins: # 11 and 13: Press release April 13, 2010

Vein 11• 180.57 g/t over 0.38 m

• 5.89 g/t over 8.14 mincl. 18.37 g/t over 1.54 m


incl. 7.00 g/t over 1.39 mincl. 24.05 g/t over 1.87 m

incl. 15.04 g/t over 1.00 mincl. 34.40 g/t over 0.87 m

Vein 13• 75.64 g/t over 0.08 m

• 39.67 g/t over 2.23 m incl. 59.99 g/t over 1.47 m

incl. 87.04 g/t over 1.00 m



13.35 g/t /1.41 m 39.67 g/t /

2.23 m

Vein #11

18.37 g/t /1.54 m

14.59 g/t /3.15 m

Vein #13

180.57 g/t /0.38 m

75.64 g/t /

0.08 m

15.31 g/t /

1.80 m

100 m

Santo Antonio

13 en echelon

vein system

15

Penedono Gold Concession: Outlook

The Penedono Project has potential for high-grade vein gold

deposits and low grade open pit gold zones.

The Santo Antonio vein system remains a major target for

further drilling by Colt, other areas of widespread vein clusters

as well as vast gold-in-soil anomalies remain largely under-

explored and have not been drill tested.

“It is apparent that there exists hydrothermal systems with the capacity and

potential to host significant gold and tungsten deposits.” (as per NI 43-101 report)

16

Why Tungsten?

Unique physical attributes:

– Highest melting point of all elements except carbon with highthermal and electrical conductivity

– Extremely strong, wear resistant; with a hardness close to thatof diamonds - highest tensile strength of all metals

– Superior heaviness and density among metals

– Extremely corrosive resistant and relatively acid resistant,deemed environmentally benign

Strategic commodity having few, if any replacements, in themajority of its industrial applications

Primary use mainly for industrial cutting tools

17

Investing in Tungsten

Trigger for new investment in tungsten

exploration.

Mid-2000s: Rapid growth and emergence of the

Chinese economy increased demand for tungsten

products in the domestic market and reduced

exports, resulting in rapid global price increases.

In the 1980s and 1990s, production of

WO3 and APT shifted to China. By late

1990s, China secured 90% of global

market for tungsten supply and

production.

Global annual demand currently projected at 60,000 to 80,000 tonnes, expected to

grow by 8% to 10% annually.

Chinese annual consumption estimated at 24,000 tonnes.

Current price ~US$210 to US$2151 per MTU.

1As of June 24, 2010

18

Armamar – Meda Concession

Tabuaço Tungsten Project

In the 1970’s, tungsten bearing skarns were discovered by government geologists south of the Tabuaço area.

Mineralization at Tabuaço consists of gently dipping, well-developed skarn horizons, up to 19 m thick, with significant scheelite (CaWO4).

In 1981-1982, a SPE/BRGM consortium drilled 6 holes leading to a historical resource at Tabuaço of :

~1 million tons grading 0.87% WO3

(not NI 43-101 compliant).

Best intersection includes:

19.35 m @ 1.18% WO3

Virtually no exploration since 1982: Colt acquired concession in Dec. 2007.

Index

NI 43-101 Technical Report, completed in Jan. 2009, indicated there was “ample justification to recommend continued exploration on the concession.”

Armamar -

Meda

19

Geology Map of the

Tabuaço Tungsten

Project

Lower skarn horizons

Granite Metasediments

Quinta Zone

Exposed skarn horizon

NW trending

longitudinal trace A-B

2.1 km long

A

B

S. Pedro das Águias Zone

Upper skarn horizon

Main Drill Area

20

Armamar – Meda ConcessionTabuaço Tungsten Project - longitudinal section

NW trending longitudinal section: 2.1 km long

Quinta Zone

Exposed skarn

horizon

São Pedro das Águias

Zone

Historical resource of

1 Million tonnes @ 0.87% WO3

Upper skarn horizon

Lower skarn horizons

A BMain Drill Area

21

Armamar – Meda Concession Tabuaço Tungsten Project – High Grade W

• Since 2008, surface mapping, prospecting, channel and rock sampling completed on skarn horizons by Colt.

• Selected surface and channel results from sampling: include:

– São Pedro das Águias Zone – main skarn horizon: surface avg. gradeof 0.673% WO3; average from 23 channel samples taken across thewidth of the horizon, but over a total outcrop extension of 260 m.

– São Pedro das Águias Zone - main skarn horizon: 0.45% WO3 over23.3 m: average from 6 samples collected over continuous width of23.3 m;

including 0.78 % WO3 over 12.45 m.

• Several samples from areas along strike returned values above 0.5 %WO3 and many samples also displayed elevated tin assay values

Note: Panasqueira tungsten mine, located some 100 km south of Tabuaço, hosts P&P Reserves of 2.43 MT @

0.243% WO3 . (Source : Primary Metals, 2007)

22

Armamar – Meda ConcessionTabuaço Tungsten Project – Drill Results

Drilling initiated by Colt on the São Pedro das Águias Zone to confirm and

expand on historical resource of ~1.0 million tonnes grading 0.87% WO3*

returned the following results in the first two drill holes:

Hole DHT-01B

(press release January 20, 2010)

Hole DHT-02

(press release February 3, 2010)

4.75 m grading 0.52% WO3;

18.80 m grading 0.73% WO3;

includes 2.10 m grading 1.01% WO3

includes 13.77 m grading 0.84% WO3, which includes:

3.00 m grading 1.14% WO3 and

6.32 m grading 0.96% WO3.

13.60 m grading 0.93% WO3

includes 10.35 m grading 1.17% WO3,

which includes:

5.0 m grading 1.44% WO3

*non NI 43-101 compliant

23

Drill Hole incl. (deg) depth (m)skarn

horizonfrom (m) to (m) interval* (m)

WO3%

(avg.)

DHT-01B -90 59.85 upper 7.10 11.85 4.75 0.52

main 19.15 37.95 18.80 0.73

incl. 19.15 21.25 2.10 1.01

incl. 24.18 27.18 3.00 1.14

incl. 29.18 36.00 6.82 0.96

DHT-02 -90 90.30 main 52.60 66.20 13.60 0.93

incl. 57.95 62.95 5.00 1.44

DHT-05 -90 42.25 main 16.95 26.65 9.70 0.38

incl. 16.95 19.45 2.50 1.25

DHT-06 -90 84.85 main 12.64 17.82 5.18 0.34

DHT-07 -90 60.35 main 35.80 38.60 2.80 0.25

DHT-08 -90 78.35 main 42.40 54.40 12.00 0.60

incl. 42.40 47.75 5.35 1.09

lower 67.75 70.70 2.95 0.15

DHT-09 -45 150.00 upper 60.50 62.20 1.70 0.25

main 93.60 115.20 21.60 0.54

incl. 93.60 96.00 2.40 1.11

incl. 99.00 104.00 5.00 0.88

lower 124.15 127.80 3.65 0.17

Interval: > 5m in red

WO3% (avg.): highlights > 0.50 and > 1.00 *downhole interval

Armamar – Meda ConcessionTabuaço Tungsten Project – Drill Results

WO3% drill results*

Highlights after

only 9 hole drill

program.

*Press release June 14, 2010

24

Armamar – Meda Concession Tabuaço Tungsten Project – Outlook

São Pedro das Águias Area:

Drill program to confirm and expand on the historical resource of ~1.0million tonnes grading 0.87% WO3 (not NI 43-101 compliant) .

Quintã – Távora Area:

Drill program to test NW extensions of the main skarn horizon

Bulk sampling of skarn mineralization for metallurgical testing

Continued follow-up geological mapping, sampling, trenching and scout drilling of regional targets

Drilling

Metallurgical test work

Evaluation & pre-feasibility work – Regional Exploration

25

Regional Gold and Tungsten Targets*

Penedono gold

project

Tabuaço tungsten

project

Numão Au Prospect

Up to 38.29 g/t Au

Almendra W Prospect

Up to 1.80% WO3

Muchões W Prospect

6 km strike length

Samples up to 2.90% WO3

Santa Comba area

Up to : >200 ppm Ag;

5309 ppm Cu

*Press release June 7, 2010

26

Santa Margarida do Sado Concession

Index

• Targeting Volcanogenic Massive Sulphide (VMS) deposits: copper, lead, zinc, silver and gold.

• Located within the Iberian Pyrite Belt (IPB), a geological environment known for world-class VMS deposits (see following table).

• Concession adjacent to three known VMS deposits: Lagoa Salgada: 2 MT @ 0.36% Cu, 4.44%

Pb, 5.03% Zn, 1.19 g/t Au and 74 g/t Ag Lousal (mine closed): 6 MT @ 0.7% Cu,

0.8% Pb, 1.4% Zn, 1 g/t Au and 20 g/t Ag Caveira : exploited during Roman times

• Known geophysical anomalies have not been fully tested; very limited drilling.

• Excellent infrastructure.

Santa Margarida

27

Santa Margarida do Sado Concession - Location Map

LAGOA SALGADA

DEPOSIT

Tonnage ~ 2 MT @

0.36% Cu, 4.44% Pb, 5.03%

Zn, 1.19 g/t Au and 74 g/t Ag

inferred mineral resource 2007

Santa Margarida

do Sado

LOUSAL MINE

(closed in 1988)

Produced ~ 6 MT @

0.7% Cu, 0.8% Pb, 1.4%

Zn, 1 g/t Au and 20 g/t Ag

historical resource

28

Santa Margarida do Sado ConcessionImportance of the Iberian Pyrite Belt (IPB)

Country Num.

dep

Tonnage

(Mt)

Cu

(Mt)

Pb

(Mt)

Zn

(Mt)

Ag

(t)

Au

(t)

Australia (Archean to Permian) 30 318 4.1 4.1 12.8 13345 486

Mount Read belt - Tasmania (Cambrian) 6 149 1.5 2.5 6.1 7423 156

Canada (Superior Province - Archean) 87 696 12.4 0.9 26.6 30621 669

Abitibi (Archean) 40 476 9.5 0.3 17.3 17284 575

Rouyn - Noranda + Val d'Or (Archean) 20 233 5.1 0.0 4.3 3995 528

Iberian Peninsula IPB (Dev. to Carbon.) 88 1 725 21.5 12.1 34.1 44707 898

Neves Corvo (by itself) 1 270 4.3 0.4 3.8 2 664 ?

Table - Comparison of ore Tonnage (Ore Mined plus Resources and

Reserves) from Massive Sulphide Deposits of Canada, Australia and IPB

Mt - Million metric tonnes; t - metric tonnes

(Adapted and modified after Leistel et al., 1998)

(source INETI - Portugal)

29

Santa Margarida do Sado ConcessionImportance of the Iberian Pyrite Belt (IPB)

5 of 11 Supergiant VMS deposits in the world are located in

the Iberian Pyrite Belt, in Spain and Portugal.

Examples of Supergiant volcanogenic massive sulphide (VMS) deposits of the World:

Canadian deposits in red: IPB deposits outlined in yellow.

(Source: Galley, A.G., Hannington, M.D., and Jonasson, I.R., 2007: GSC)

30

Why Colt Resources?

• A solid, experienced management team

• Large land package of very promising primarily gold and tungsten

properties that remain largely unexplored or under-explored

• Large concession within the prolific Iberian Pyrite Belt, a geological

environment that has potential for world-class base metal deposits

• Properties located in a stable and mining-friendly country of the EU

with easy access, excellent infrastructure and hard-working

available labour force

• Maintained excellent government relationships at both state and

municipal levels

• Currently reviewing potential EU financial incentive programs for

infrastructure

GTP – (CNSX)

P01 – (FRANKFURT, BERLIN)

COLTF – (USA Pink Sheets)

31

Nikolas Perrault, CFA, President & CEO

Tel: +1 (514) 394-0009

E-mail: [email protected]

Mario Justino, M.Sc., P.Geo., Vice-President Exploration

Tel: +1 (514) 394-0009


Aurelio Useche, CMA, Chief Financial Officer

Tel: +1 (514) 394-0009


Links

Company website: www.coltresources.com

Tungsten prices: Tungsten Prices - Metals Place

Gold prices: Technical Gold Charts and Data - London Fix

Contacts

mailto:[email protected]




http://www.coltresources.com/

http://metalsplace.com/prices/tungsten/?gclid=CKDHvb-YhqACFdpe2godQDs4jw




http://www.kitco.com/charts/techcharts_gold.html




Colt investor presentation July 2nd, 2010

Investor Relations

Transcript of Colt investor presentation July 2nd, 2010