NEWS RELEASE | ||
January 24th, 2012 | Trading Symbols: | GTP - (TSX-V) P01 - (FRANKFURT) COLTF - (OTCQX) |
Montréal, Québec, Colt Resources Inc. ("Colt" or the
"Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is very
pleased to announce that it continues to strengthen its
operations team in Portugal. Seasoned geologist, Steve
McRobbie, B.Sc., M.Sc., has accepted to lead the Company's
mine geology efforts. Mr. McRobbie's diversified
international experience with advanced stage projects is key
to us as we rapidly move our two main assets from exploration
towards production.
Mr. McRobbie is a mining and exploration geologist with
nearly 20 years of extensive international experience. He has
served as the Vice President of Exploration for Global Cobalt
Corp., Director of Exploration of Kazakhmys Plc. and General
Manager of Europe and the CIS for Monaro Mining Plc. He holds
a B.Sc. in Geology from the University of St. Andrews and a
M.Sc. in Mining Geology from the University of Exeter. Mr.
McRobbie is a Member of The Australasian Institute of Mining
and Metallurgy and an Associate of Camborne School of
Mines.
Under the supervision and direction of Mr. Declan Costelloe,
Mr. McRobbie will be working closely with Mr. Jorge Valente,
mining eng. (IST), whose extensive mine engineering and
development experience worldwide was gained with his
involvement in studies, engineering projects, mine planning
and commissioning over 50 mining operations, in Europe,
Africa and South America. Mr. Valente has over forty' years
experience, including creating and managing his own
consulting firm for over twenty years, specialized in ore
resources and reserve estimation and mine planning (open pit,
underground and underwater). Mr. Valente is a published
author (nine books and more than
100 technical papers), Member and/or Fellow of various
international mining societies, namely of
the SME of AIME (USA) and CREA-MG (Brasil), Director of
APROMIN (Brasil) and professor (now
retired) of the UFOP' School of Mines (Brasil).
In addition, Mr. Filipe Faria, B.Sc., B.Sc. (Hon.), who has
been consulting almost exclusively for Colt for the past few
years, has agreed to join the Company full-time to become its
VP of Exploration. He has over thirty years' experience in
mineral exploration and evaluation projects, including
creating and managing his own consulting firm for over twelve
years and as an exploration geologist with RioTinto Finance
and Exploration for twelve years. He holds a B.Sc. in Geology
from the University of Lourenço Marques (Mozambique) and a
B.Sc. (Hon.) in Geology from the University of Lisbon
(Portugal). Mr. Faria's main focus will be to pursue the
multiple regional exploration targets Colt has identified
near both its Boa Fé gold and Tabuaço tungsten development
projects to the point where, when successful, they can be
transitioned over to an advanced projects team.
Finally, the Board of Directors of Colt has agreed to change
the financial year