CBLT Completes Sampling at Shatford Lake (Lithium)
CBLT COMPLETES SAMPLING AT SHATFORD LAKE (LITHIUM)
(Burlington, ON. August 1 7, 2022) CBLT Inc. (CBLT: TSX -V) (“CBLT”) announces
completion of the latest phase of its exploration at Shatford Lake. Shatford Lake is located in the
Bird River Peg matite Fi eld, Manitoba, roughly 3 kilometres from the Tanco Mine . Shatford
Lake’s close proximity to the Tanco Mine and CBLT’s assay results dated November 30, 2021
called for further exploration at Shatford.
“Our geologic goals for this phase of exploration were achieved,” said Peter M. Clausi, CBLT ’s
CEO. “Every trip to Shatford Lake increases our knowledge of the area. Now it ’s up to the assay
lab to deliver results as quickly as possible.”
Shatford Lake location and proximity to the Tanco Mine
The Tanco Mine
The Tanco Mine 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 reported by The Northern Miner in April, 2022 that lithium production has resumed at the
Tanco. The Northern Miner is a credible source of mining -related news; however, as the Tanco
owner is a Chinese company, there is limited reliable public information available.
It was estimated in 1991 that Tanco had lithium reserves of 7.3 million tonnes at 2.76% Li 2O
(GSWA Mining Bulletin No. 22, page 66). This is a hi storical 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 ter m is def ined in NI43-101. Readers are
cautioned not to rely upon t his estimate. CBLT references this to inform it s knowledge of the
area and to support its thesis for lithium exploration at Shatford Lake.
CBLT Exploration in 2022
CBLT recognizes the significance and importance of Sagkeeng First Nation’s Traditional Land
Rights in the area, and openly wel comes continued correspondence with the Sagkeeng Chief and
Council and community for continued guidance.
From June to August 2022, CBLT carried out a mapping , sampling and prospecting program at
its pegmatite fields located north of the Winnipeg River in Southeast Manitoba. The focus was
on the area of Shatford Lake with known pegmatite occurrences.
The most recent visit was conducted August 13, 2022. The eastern extent of CBLT’s Softrock1
claim was accessed, with a safe helicopter land ing accomplished in wetland located just
southeast of Softrock1. Additional landing spots on Softrock 1 were confirmed with the
helicopter service.
A promising pegmatite (the “Main Pegmat ite”) on the south east shore of Shatford Lake was
prospected, mapped and sampled. The Main Pegmat ite contained beryl and trace columbite
mineralization. Columbite mineralization is important as it is a key mineral containing
significant elemental niobium and tantalum , and is a promising indicator of Lithium-Tantalum-
Cesium (LCT) pegmatite potential.
2022 sample locations
The Main Pegmat ite contains megacrystic feldspar -quartz-biotite zonation parallel to exposed
contacts and is at least 6 meters wide at one location on the shore (the pink line in the picture
above). These zoned features commonly occur in evolved LCT pegmatite mineralization.
Contacts illustrate sub-vertical to flatter (-35 degree) dip to the north, and has a minimal inferred
strike length of approximately 100 meters. The Main Pegmatite is open to the east and west of
the sampled location s. The samples are currently being prepared for shipment to an accredited
analytical laboratory for comprehensive geochemical analyses for LCT mineralization.
CBLT intends to carry out additional work at the Main Pegmatite in upcoming visits to properly
delineate its ful lest possible strike length in surface exposure. As well, CBLT intends in future
visits to prospect, map and sample numerous affiliated pegmatites noted near the Main
Pegmatite.
Various other narrower pegmatite veins proximal to the Main Pegmatite were also sampled.
CBLT wishes to thank the Province of Manitoba’s Agriculture and Resource Development and
the University of Manitoba for geoscientific assistance procured from a Ph.D. le vel program
graduate.
Jessica Daniel, P.Geo., a CBLT independent director, is overseeing the Shatford Lake programs
and is the Qualified Person under NI43-101 for this press release.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
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This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and
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contagious disease, including the recent outbreak of illness caused by COVID -19. It is not possi ble 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 ultimat e 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 th e human po pulation could result in a widespread health
crisis that could adv ersely 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 operation s.