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CBLT Reports Results from Shatford Lake (Lithium)
Burlington, Ontario--(Newsfile Corp. - November 30, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") is...
About this update from Cblt Inc
[{"type":"text","content":"CBLT Reports Results from Shatford Lake (Lithium)Burlington, Ontario--(Newsfile Corp. - November 30, 2021) - CBLT Inc. (TSXV: CBLT) (\"CBLT\") is excited to report the results from its first sampling program at Shatford Lake, Manitoba in the Bird River Pegmatite Field.Based in part on guidance from historical field notes and drill logs, CBLT's field team located and sampled several pegmatite outcrops during the 2021 field season. A total of 14 samples were collected. Results have now been returned.\"Our first round of exploration at Shatford Lake was a good one,\" said Peter M. Clausi, CBLT's CEO. \"The results are consistent with what one would expect from LCT pegmatites in the Bird River Pegmatite Field, which means our geologic goals were achieved. We are eager for 2022 so we can get back in the field.\"Several samples were elevated in rubidium (see table below) and some samples were also anomalous for cesium and tantalum. This geochemistry indicates the pegmatites in the area are LCT type (lithium-caesium-tantallum) and are highly prospective for further lithium exploration. Sample IDLi2O%Rb2O%142090.0080.32142110.0250.29142120.020.11142130.0140.24142140.0120.33142150.0090.3142170.010.33 Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4750/105799_d8cc0f440458d80b_002full.jpgOne sample, 14210, was inadvertently taken immediately adjacent to CBLT's Shatford Lake property. This sample returned 0.534% Li2O and 0.62% Rb2O. Though this sample was taken off CBLT's property it gives an indication of the presence of lithium-bearing LCT pegmatites in the area. The structure hosting this sample has been inferred to cross back onto CBLT's property, and will be followed and sampled in future exploration programs.All the above samples were from pegmatites on the western side of Shatford Lake near where a structure has been mapped by CBLT. The field program will continue in 2022 with further sampling and mapping of as much of Shatford Lake as possible.In addition to that data, part of the reason for CBLT's enthusiasm about Shatford Lake is its proximity to the Tanco Mine, which also hosts LCT pegmatites. It has been estimated that Tanco's lithium reserves are 7.3 million tonnes at 2.76% Li2O (GSWA Mining Bulletin No. 22, page 66). This is a historical third party estimate from 1991 a...