Trading Symbols: GTP - (CNSX)
P01 - (FRANKFURT)
MONTREAL
,
Feb. 1
/CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to report that
Mr. Declan Costelloe
of Lakewood, Colorado,
United States
of America, has joined the Company's Advisory Board. Colt's Advisory Board was formed to provide opinions and recommendations to the Company's senior management for its consideration.
Mr. Costelloe
's expertise will aid the Company particularly in the exploration and development of the
San Antonio
High-Grade Gold Project in
Portugal
.
Mr. Costelloe
serves as President of Celtic Mining, Ltd., an independent mining consulting firm.
Mr. Costelloe
is a chartered engineer (UK Engineering Council) and a mining geologist with over 20 years experience. During 2007,
Mr. Costelloe
served as Investment Manager with the Goldfish Fund, a
Denver
based private gold equity investment group. From 2003 to 2006,
Mr. Costelloe
served as an investment manager with Veneroso Associates Gold Advisors ("VAGA"), an investment company focused on the gold industry, prior to which he served as research director of VAGA from 2000 to 2003.
Mr. Costelloe
holds a B.Sc. in geology from University College, Galway, and a B.Sc. in mining geology from the University of Wales College
Cardiff
.
Mr. Costelloe
also currently serves as a director of U.S. Gold Corporation (TSX:UXG), VG Gold Corp (TSX:VG) and Alexandria Minerals Corporation (TSXV:AZX).
Mr. Jorge Valente to Focus Primarily on Colt's Tabuaço Tungsten Project
-----------------------------------------------------------------------
Colt also reports that
Mr. Jorge Valente
, the Company's Chief Operating Officer ("
Mr. Valente
") has agreed to resign from the Company's Board of Directors and as the Company's Chief Operating Officer effective as of
January 31, 2010
in order to reduce his time spent on administrative matters and to focus on the Company's Tabuaço Tungsten Project.
Mr. Valente
will devote his expertise in mine planning and resource calculation to help advance the Project, further to Colt's announcement on
January 20, 2010
of the Company's first assay results from the diamond drilling program.
Mr. Jorge Valente
remains as a director of the Company's wholly owned Portuguese subsidiary, "Eurocolt" and also remains the Chief Executive Officer of Eurocolt and Colt's General Manager in
Portugal
.
Colt is a Canadian based junior mining exploration company with properties in
Canada
and
Portugal
. The Company's shares trade on the Canadian National Stock Exchange (CNSX) Symbol : GTP and on the
Frankfurt
Stock Exchange, Symbol: P01.
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, Fax: (514) 394-0888, [email protected]; Aurelio Useche, CFO, Colt Resources Inc., (514) 394-0009, Fax: (514) 394-0888, [email protected]
Share this article