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Armamar Meda
- On December 10, 2007, the Company entered into a prospecting and exploration
license agreement with the Government of Portugal whereby Colt has been granted
the exclusive right to prospect and exolore for base and precious metals on the
ARMAMAR MEDA Property which has a surface area of approximately 436 sq. km.
and which is partially contiguous to the Company's Penedono Exploration Concessions
(the "ARMAMAR MEDA EXPLORATION LICENSE").
- The initial term of the ARMAMAR MEDA EXPLORATION LICENSE is for
three years (the "Initial Term"), which can be extended twice on an annual basis
(the "Extended Term"). During the Initial Term, Colt is obligated to incur prospecting
and exloration expenditures of not less than 25,000 € in the first year, 50,000 € in the second year and 75,000 € in the third year. Upon the expiry of the Initial Term, Colt
shall be required to relinquish, on an annual basis, 50% of the area covered by the ARMAMAR MEDA EXPLORATION LICENSE. |
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Latest News
October 15, 2008 - COLT CLOSES THE PRIVATE PLACEMENT OF FLOW-THROUGH UNITS ANNOUNCED AUGUST 19, 2008
October 10, 2008 - COLT TO PROCEED WITH A PRIVATE PLACEMENT
October 7, 2008 - COLT APPOINTS NEW DIRECTOR
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Investor Check
Stock Symbol: GTP - CNQ
Industry: Metals and Minerals
Stock Quote: Click to view |
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Featured Project |
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Armamar Meda
- On December 10, 2007, the Company entered into a prospecting and exploration
license agreement with the Government of Portugal whereby Colt has been granted
the exclusive right to prospect and exolore for base and precious metals on the
ARMAMAR MEDA Property which has a surface area of approximately 436 sq. km.
and which is partially contiguous to the Company's Penedono Exploration Concessions
(the "ARMAMAR MEDA EXPLORATION LICENSE").
- The initial term of the ARMAMAR MEDA EXPLORATION LICENSE is for
three years (the "Initial Term"), which can be extended twice on an annual basis
(the "Extended Term"). During the Initial Term, Colt is obligated to incur prospecting
and exloration expenditures of not less than 25,000 € in the first year, 50,000 € in the second year and 75,000 € in the third year. Upon the expiry of the Initial Term, Colt
shall be required to relinquish, on an annual basis, 50% of the area covered by the ARMAMAR MEDA EXPLORATION LICENSE. |
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