Colt Resources
EUROPE holes , totalling more than 11,400 metres .
Martins outlined the importance of impending bankable feasibility studies to the progress of both projects . “ We are looking to conclude this by early next year ,” he said .
“ We are developing a resource estimation update and are pretty sure there is huge potential , the bank feasibility study will prove this and encourage investment . The strategy is to start production as soon as possible and generate some cash flow .”
“ We are open to many avenues of construction and production and for example have had conversations with potential German and Chinese partners about mining at Tabuaço .”
Workers on site
Investing in Portugal Several factors combine to explain Colt ’ s decision to develop the gold and tungsten mining sectors in Portugal .
The country has a mining legacy stretching 2,000 years back to Roman times and Martins points to a continuing enthusiasm and acknowledgement of the industry ’ s importance to the nation ’ s economic recovery . “ In 2012 the government published a new strategy about mineral resources that gives clear political support to the mining sector ,” he said . “ We have a great relationship with them , and also have a beautiful infrastructure , a very good motorway network and our properties are nearby along with ports and prime rail connections .”
Country Properties Portugal
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