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A New Discovery and Cobalt, Gold & Copper in CBLT Assay Results
Burlington, Ontario--(Newsfile Corp. - January 9, 2018) - CBLT Inc. (TSXV: CBLT) (" CBLT ") is...
About this update from Cblt Inc
[{"type":"text","content":"A New Discovery and Cobalt, Gold & Copper in CBLT Assay ResultsBurlington, Ontario--(Newsfile Corp. - January 9, 2018) - CBLT Inc. (TSXV: CBLT) (\"CBLT\") is pleased to report on exploration activities completed by the Ontario Geological Survey (\"OGS\") on CBLT's 100%-owned Copper Prince and Otto Lake Properties.In 2016 and 2017 CBLT carried out extensive work at Copper Prince near Ed's Watering Hole, including surface sampling, mapping, excavation, an IP survey and a diamond drill program. During the 2017 field season, the Sudbury District Geologist visited Copper Prince and collected 8 grab samples. The results of those samples were made available to CBLT, and are provided in Table 1 below.Highlights include 3.43, 3.57, 6.58, and 27.84 g/t Au, and 11.53% Cu. Three of the eight samples returned values that exceeded the upper detection limit for cobalt and copper. Two of these were from outcrop at Ed's Watering Hole. This area is known to CBLT to have cobalt mineralization, based on CBLT's own surface sampling and 2016 diamond drill program. These three over-limit samples are currently being re-analyzed by the OGS using a different analytical method, and the results for them will be provided once received from the OGS. Samples 17-0287-0001 through to 17-0287-0004 were collected from blast rock at the Copper Prince Showing, and samples 17-0287-0005 through to 17-0287-0008 were collected from outcrop at Ed's Watering Hole.Table 1: Copper Prince Grab SamplesSample NumberAu (g/t)Co (ppm)Cu (ppm)17-0287-00011.71443286617-0287-00023.434411152917-0287-0003<0.5513418817-0287-00043.5771>1500017-0287-0005< 0.5566417-0287-00061.85>50085917-0287-000727.84>5006817-0287-00086.58147272 CBLT acquired 100% of the Otto Lake Property in February, 2017. It consists of 33 claim units over four claim blocks roughly 8 kilometres southwest of Kirkland Lake and close to the former producing Swastika Gold Mine.Historic work by third parties included prospecting, line cutting, VLF and magnetic surveys, mapping, trenching and soil sampling. A 2012 soil chemistry report (available at http://cbltinc.com/otto-lake.html) showed anomalies that in CBLT's opinion are highly prospective for gold, palladium, copper, zinc, nickel and lead.In 2017 the Kirkland Lake District Geologist's Office collected 11 samples from Otto Lake. The results of th...