Tuesday, February 23, 2010

Questerre's St. Edouard No. 1A tests at 12 mmcf/d

Can we have a repeat of April-June 2008? Absolutely. These results will draw the institutions back in. ATI, CQM and KTX are 3 stocks that will likely move towards their all-time highs over the coming months. QEC, JNX, GMR and PCQ will also move substantially higher. The 4 Horseman of the Utica Shale (+CQM) are galloping proudly once again.

Questerre's St. Edouard No. 1A tests at 12 mmcf/d

2010-02-23 08:09 ET - News Release

Mr. Michael Binnion reports


Questerre Energy Corp. has released the test results from the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands in Quebec.

The horizontal well was successfully completed with eight stage fracture stimulations. Cleanup and flowback commenced Jan. 29, 2010. Initial rates were over 12 million cubic feet per day. During the test, the well flowed natural gas at an average rate of over six million cubic feet per day.

The well is currently still flowing on an extended production test. The current rate is approximately five million cubic feet per day at a flowing tubing pressure of 4,412 kilo-pascals (640 pounds per square inch) with a choke size of five-eighths of an inch.

Michael Binnion, president and chief executive officer of Questerre, commented, "This first horizontal result is simply excellent!"

During the completion, microseismic data were gathered using the St. Edouard No. 1 vertical well as a monitoring well. Preliminary analysis indicates the fracs were successful in stimulating sufficient rock volume in the entire Utica sequence.

Mr. Binnion added, "The initial rates from St. Edouard exceed our internal threshold for commercial production on a per-well basis based on targeted development costs."

The company and the operator are evaluating pipeline options to tie in the St. Edouard location.

We seek Safe Harbor.

Friday, February 19, 2010

Colt Resources Inc. Intersects 180.57 g/t gold on its Penedono Gold Project in Northern Portugal

A nice high grade gold hole to compliment their high grade tungsten holes. Please email me if you are interested in participating in Colt's announced PP.


Colt Resources Inc. Intersects 180.57 g/t gold on its Penedono Gold Project in Northern Portugal
Trading Symbols: GTP - (CNSX)

MONTREAL, Feb. 18 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce very encouraging results from its ongoing drill program on the Santo Antonio vein system at its 100% owned Penedono Gold Project.

Located on the Penedono Concession (102 km2) in northern Portugal, the Penedono Gold Project is four hours driving time from the capital city of Lisbon and three hours by paved highway from the coastal city of Porto.

The Santo Antonio vein system consists of at least 13 known en echelon, northeast trending, steeply dipping, gold-bearing quartz-sulphide veins that outcrop over an area of 1 km x 1.2 km. Veins occur within upper Paleozoic age leucocratic "S Type" two-mica granite. A number of veins were surface mined for gold during Roman times. In the 1950's, the Santo Antonio mine was in operation for several years; underground work was carried out on several veins.

Colt has been conducting a diamond drilling program on the Santo Antonio vein system targeting veins 11 and 13. Drill hole PPE 10-01 on vein 11 intersected massive arsenopyrite mineralization that returned 180.57 g/t gold over 0.38 m, at depth 30.33 m to 30.71 m. This represents the highest gold grade obtained to date on the Santo Antonio vein system.

Previous drilling on vein 11 also intersected several high grade gold intercepts. Hole PPE 08-04 intersected 5.89 g/t over 8.14 m: including 18.37 g/t over 1.54 m. Hole PPE 08-03 intersected 8.34 g/t over 6.74 m: including 24.05 g/t over 1.87 m, which included 15.04 g/t over 1.00 m and 34.40 g/t over 0.87 m.

With only limited and shallow drilling completed to date, Colt believes it has simply scratched the surface in its evaluation of the Santo Antonio high grade gold system. Colt will vigorously pursue this promising gold project with an expanded drill program later this year.

Sample intervals are reported as metres (m) downhole and as such do not represent true width. Core samples were sawed in half, one half was sampled at appropriate intervals, and samples were delivered by courier to OMAC Laboratories Ltd., Galway, Ireland, an ISO 17025 accredited facility. The gold assaying method used was standard Fire Assay with AA finish technique on a 50 gram aliquot.

Commercial standards and blanks are inserted by Colt with submitted samples to ensure precision of results. The laboratory also inserts its own standards. Repeat check assays on every 10 samples are routinely carried out by the lab to ensure internal lab quality control.

The technical portions of this news release have been prepared and approved by Mario Justino, P.Geo., Vice President Exploration for Colt and J.W. Murton, P. Eng., both qualified persons as defined by National Instrument 43-101. Mr. J.W. Murton is a director of Colt.

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, nperrault@coltresources.com; Aurelio Useche, Chief Financial Officer, Colt Resources Inc., (514) 394-0009, auseche@coltresources.com

Monday, February 15, 2010

A must listen interview ....Jim Sinclair on King World News

For those gold bulls wavering, please take a few minutes and listen to the Jim Sinclair interview this weekend at King World news today.

Wednesday, February 3, 2010

More high grade tungsten from Colt announced today

Colt Resources drills 13.6 m of 0.93% WO3 at Tabuaco

2010-02-03 16:16 ET - News Release

Mr. Nikolas Perrault reports


Colt Resources Inc. has received very encouraging results from hole DHT-02, the second hole of its continuing drill program on its 100-per-cent-owned Tabuaco tungsten project.

Located on the Armamar-Meda concession (436.81 square kilometres) in northern Portugal, the Tabuaco tungsten project is situated roughly 100 kilometres east of the coastal city of Porto. In the early 1980s, exploration in the Tabuaco area led to the discovery of significant tungsten mineralization at Sao Pedro das Aguias.

Mineralization consists of fine- to coarse-grained disseminations of scheelite within thick (up to 19 metres), shallow-dipping skarn horizons in metasedimentary rocks adjacent to a major intrusive unit. Limited drilling at the Sao Pedro das Aguias zone produced significant historical drill results including 19.35 metres grading 1.18 per cent tungsten oxide. A non-National Instrument 43-101-compliant historical resource of one million tonnes grading 0.87 per cent WO3 was calculated by the SPE-BRGM joint venture in the early 1980s.

To date, Colt has completed two shallow drill holes, DHT-01B and DHT-02. A third hole is currently under way. Average grade results from hole DHT-01B show two major intervals: an upper interval of 4.75 metres grading 0.52 per cent WO3 and a lower interval which includes the main skarn horizon of 18.80 m grading 0.73 per cent WO3. The lower interval includes 13.77 m grading 0.84 per cent WO3, which includes zones of three metres grading 1.14 per cent WO3 and 6.32 m grading 0.99 per cent WO3.


Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)

DHT-01B 59.85 7.10 11.85 4.75 0.52
19.15 37.95 18.80 0.73
Includes 19.15 21.25 2.10 1.01
Includes 24.18 37.95 13.77 0.84
Includes 24.18 27.18 3.00 1.14
Includes 29.18 35.50 6.32 0.99

* calculated

Hole DHT-02, total depth of 90.30 m, located 100 m southeast of hole DHT-01B, intersected an early mixed skarn horizon at 52.60 m to 54.80 m and then the main skarn horizon at 54.80 m to 66.20 m. As in hole DHT-01B, skarn horizons contain coarse-grained scheelite mineralization. Results from hole DHT-02 show 13.60 m grading 0.93 per cent WO3. This includes 10.35 m grading 1.17 per cent WO3, which includes five metres grading 1.44 per cent WO3.


Hole Depth From To Interval % WO3*
No. (m) (m) (m) (m) (calc.)

DHT-02 90.30 52.60 66.20 13.60 0.93
includes 52.60 62.95 10.35 1.17
includes 57.95 62.95 5.00 1.44

Colt is very encouraged by the significant widths and grades encountered in hole DHT-01B and in hole DHT-02. Hole DHT-03, located roughly 100 metres southeast of hole DHT-02, is presently being drilled.

The goal of the current diamond drilling program by Colt Resources at Sao Pedro das Aguias is to verify historical drilling results and to confirm and expand the historical resource. Drilling is also planned to test lateral southeast and northwest extensions of the main skarn horizon, as well as newly discovered lower skarn horizons, located roughly 40 metres below the main skarn horizon. Mapping and local surface sampling of clusters of poorly exposed skarn outcrop and float returned very encouraging tungsten results extending over a strike length of over one kilometre northwest of Sao Pedro das Aguias.

Sample intervals are reported as metres downhole and as such do not represent true width. The actual dip of the skarn-controlled mineralization is generally shallow.

All samples were analyzed at OMAC Laboratories Ltd., Galway, Ireland, an ISO:17025-accredited facility. Samples were analyzed using a metaborate fusion followed by ICP-MS. Assay results for tungsten are reported by the laboratory as W per cent. Values of WO3 per cent are calculated using a conversion factor of 1.261.

Quality control

A set of internal standards and blanks is employed by Colt in its sample stream as well as the laboratory's own standards and duplicates. Results to date are well within the accepted norm.

The technical portions of this news release have been prepared and approved by Mario Justino, PGeo, vice-president, exploration, Colt, and J.W. Murton, PEng, both qualified persons as defined by National Instrument 43-101. Mr. Murton is a director of Colt.

We seek Safe Harbor.

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