Colt Resources to Sign Contract for Tungsten Exploration in Portugal

Bloomberg reported that mining company, Colt Resources Inc., will sign a contract with the Portuguese government today to explore tungsten in the country in the towns of Tabuaco and Penedono.

As quoted in the market news:

Colt, based in Montreal, expects to invest about 97 million euros ($129 million) in its search for tungsten and gold deposits in the towns of Tabuaco and Penedono, it said in an e- mailed statement today.

Click here to read the full Bloomberg report.