CBLT Begins Work at Shatford Lake (Lithium)
CBLT Begins Work at Shatford Lake (Lithium)
Burlington, Ontario--(Newsfile Corp. - May 25, 2023) - CBLT Inc. (TSXV: CBLT) ("CBLT" or "the
Company") is pleased to announce it has begun its summer 2023 work program at Shatford Lake, in the
Bird River Pegmatite Field near the lithium-producing Tanco Mine in southeast Manitoba. Pegmatite
occurrences thus far sampled by CBLT at Shatford Lake contain anomalous tin, tantalum, and rubidium
with local anomalous lithium. CBLT is highly encouraged by these multi-element anomalies, which
management believes to be indicative of a LCT-type pegmatite.
CBLT recognizes the significance and importance of Sagkeeng First Nation's Traditional Land Rights in
the area, and openly welcomes continued engagement with the Sagkeeng Chief and Council. CBLT has
collaborated with the Province of Manitoba's Agriculture and Resource Development and the University
of Manitoba to coordinate other geoscientific assistance, with assistance procured from a Ph.D. level
program graduate.
This summer's work program is intended to consist of further mapping and sampling of the pegmatites at
Shatford Lake.
CBLT also advises it intends to carry out work on at least two of its other properties this summer, and
intends to continue with M&A activity as opportunities present themselves.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains certain statements that constitute forward-looking statements as they relate
to CBLT and its management. Forward-looking statements are not historical facts but represent
management's current expectation of future events, and can be identified by words such as "believe",
"expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and
similar expressions. Although management believes that the expectations represented in such forward-
looking statements are reasonable, there can be no assurance that they will prove to be correct or will
come to pass.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking statements are set out in this new
release, CBLT will also set out the material risk factors or assumptions used to develop the forward-
looking statements. Except as expressly required by applicable securities laws, CBLT assumes no
obligation to update or revise any forward-looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors, including but not limited to; SARS-CoV-
2; reliance on key personnel; the performance of the Ciscom Corp. leadership team; shareholder and
regulatory approvals; First Nations and other local communities; jurisdictional risk; risks of future legal
proceedings; income tax matters; availability and terms of financing; distribution of securities;
commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs
related to inflation; effect of market interest on price of securities; failing to identify an economically
viable mineral deposit; and, potential dilution.
CBLT's operations could be significantly adversely affected by the effects of a widespread global
outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not
possible to accurately predict the impact COVID-19 will have on operations and the ability of others to
meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the
severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions
imposed by governments of affected countries. In addition, a significant outbreak of contagious
diseases in the human population could result in a widespread health crisis that could adversely affect
the economies and financial markets of many countries, resulting in an economic downturn that could
further affect operations and the ability to finance its operations.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/167494