COLT RESOURCES
MINING
In Portugal , the company is exploring for gold at Santo António , Montemor , Cercal and Cedovim , while finding reserves of gold and copper in a joint venture with junior British company Star Mining at Borba in the east .
It has also established Colt Middle East , for which it owns a majority share of 38 percent . This is a unit dedicated to exploring copper potential in Pakistan near the world-renowned supply at Reko Diq , one of the biggest porphyry copper deposits in the world .
Colt Middle East has entered an agreement with Australian-based company Lake Resources , and is working closely with local communities and the government of Balochistan to develop what it hopes will become a world class asset in the Chagai Hills copper and gold district .
Martins said : “ If successful this could completely change the dimension of the company and could provide important funding for our projects in Portugal .
“ There are political and social issues but still we are working with the local communities to obtain the social license and I think the people will take care of us and we will return a safe and secure investment .”
With promising signs to be seen both in Portugal and in Pakistan , Martins believes the company can look further afield in the future . “ We can bring benefits to our shareholders and the people in the areas we look to operate in ,” he concluded .
Company Information
INDUSTRY
Mining - mineral exploration
HEADQUARTERS
Canada
FOUNDED
2007
EMPLOYEES
75
REVENUE
Not disclosed
PRODUCTS / SERVICES
Gold and Tungsten mining
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