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CBLT Plans Work at Shatford Lake for Lithium
Burlington, Ontario--(Newsfile Corp. - June 3, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") announc...
About this update from Cblt Inc
[{"type":"text","content":"CBLT Plans Work at Shatford Lake for LithiumBurlington, Ontario--(Newsfile Corp. - June 3, 2021) - CBLT Inc. (TSXV: CBLT) (\"CBLT\") announces the imminent start of its summer exploration program at Shatford Lake, Manitoba, which management believes to be highly prospective for lithium. Given its proximity to the Tanco Mine and its location in the Bird River Pegmatite Field, management also believes the property is prospective for tantalum, beryllium, cesium and rubidium. Shatford Lake is located in the Winnipeg River - Cat Lake pegmatite field in southeastern Manitoba near the Ontario border, roughly 130 kilometres from Winnipeg and five kilometres southwest of the Tanco Mine. To the best of CBLT's knowledge the property has not had any geologic exploration for pegmatites since 1968. Exploration for base metals was last carried out in 1986.\"The mining landscape is covered with wonderful properties unfairly forgotten over time. We believe Shatford Lake to be one of them,\" said Peter M. Clausi, CEO. \"The historical record and its proximity to the Tanco Mine justify exploration focusing on the pegmatites and the hunt for lithium.\" Tanco is an LCT-type pegmatite, producing cesium and tantalum. Lithium, beryllium and rubidium have previously been produced. The Tanco pegmatite has dimensions of 820m by 1,600m and up to 100m thick, and over 100 minerals have been identified in it.It was estimated in 1991 that Tanco had lithium reserves of 7.3 million tonnes at 2.76% Li2O (GSWA Mining Bulletin No. 22, page 66). This is a historical third party estimate and CBLT has no information as to the methodology used to calculate this estimate or whether it was carried out under the supervision of a Qualified Person, as that term is defined in NI43-101. Readers are cautioned not to rely upon this estimate. CBLT references this to inform its knowledge of the area and to support its thesis for exploration at Shatford Lake.The area has been previously explored for rare element pegmatites with historical mapping and drilling at Shatford Lake identifying multiple pegmatite dykes. Most of this work focused on the tantalum potential of the dykes and lithium was not analysed for. However, spodumene was noted in an assessment report and provincial geologists documented the presence of lithium-bearing mica.Other minerals identified in historical w...