CBLT Exploration at BIG Duck Lake FOR Zinc
CBLT EXPLORATION AT BIG DUCK LAKE FOR ZINC
(Burlington, ON. August 30, 2022) CBLT Inc. (CBLT: TSX -V) (“CBLT”) provides an update
on current exploration at its 100%-owned Big Duck Lake property, located in the Hemlo Camp.
CBLT thanks Pays Plat First Nat ion for its assistance and commit s to continuing a productive
respectful relationship.
“The samples taken at Shatford Lake (lithium) in Manitoba earlier this month are in the lab ,”
said Peter M. Clausi, CBLT’s CEO. “While we wait for those results and while we assist Ciscom
Corp. in its go -public process, we can direct resources towards the underexplored areas at Big
Duck Lake.”
There has been recorded prospecting activity in the Big Duck Lake area since 1885 when zinc
mineralization was first discovered at Kenabic Lake (Zenith Mine) . Big Duck Lake is four
kilometres west of the Winston Lake Zinc Mine, which from the early 19 80’s until closure in
1998 produced 2.68 mill ion tonnes of 12.05% zinc, 1.05% copper, 1.07 g/t gold an d 31.37 g/t
silver (Technical Report, Clark Exploration Consulting; February 19, 2013). The technical report
from Clark Exploration Consulting was prepared for a prior owner of Big Duck Lake.
Big Duck Lake hosts six kilometres of prospective geology containing numerous gold and base
metal showings including the histori cal Coco-Estelle Gold Deposit. Most of the historical work
at Big Duck Lake has centred around Coco -Estelle, but management believes th e proximity to
the Winston Lake Zinc Mine and the historical reco rd justify carrying ou t work at the
underexplored zinc showings to the north.
One of those underexplored zin c showings is t he Dalsland Showing . This exhalite -sediment
package, which is bounded to the north by a coarse-grained gabbro and to the south by a mafic
flow, is quite discontinuous along strike. A series of pits and trenches were located in the area by
historical third parties . Samples were coll ected from these locations, all of which exhibited
sulphides and were well oxidized. Assays from these sample s spiked at 21.69g /t silver, 0.5%
copper and 5.58% zinc. (Clark, ibid.)
CBLT has not been able to identify when work was last carried out at or around the Dalsland
Showing. CBLT will carry out mapping and sampling at and around Dalsland.
Jessica Daniel, P.Geo., a CBLT independent director, is overseeing the Big Duck Lake program.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
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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 expect ation
of future events, and can be identified by words such as "believe", "e xpects", "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 as surance 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 uncertaintie s
that could cause act ual future results, conditions, actions or events to d iffer materially from those in t he forward-
looking statements. If and when forward -looking statements are set out in this new release, CBLT will also set out
the material risk fact ors or ass umptions use d to develop the forward -looking statements. Except as expressly
required by applicabl e securities law s, CBLT assumes no obligation to update or revise any forward -looking
statements. The future outcomes that relate to forward -looking statements may be inf luenced by many factors,
including but not limited to; SARS-CoV-2; rel iance on key per sonnel; the perf ormance of the Ciscom Corp.
leadership team; shareholder and regulatory approvals; First Nations and other local communities; jurisdictional
risk; risks o f future legal proceedings; income tax matters; availa bility and terms of financing; d istribution of
securities; commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs related
to inflation; effect of m arket intere st on price of securities; failing to identify an econ omically v iable 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 th e recent outbreak of illness caused by COVID -19. It is not possi ble to accurately
predict the impact C OVID-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 qu arantine 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.