CBLT Samples Elevated Gold and Cobalt in Sudbury
CBLT Samples Elevated Gold and Cobalt in Sudbury
Burlington, Ontario--(Newsfile Corp. - March 5, 2018) - CBLT Inc. (TSXV: CBLT) ("
CBLT
") is pleased to report
additional cobalt
and copper assays from activities completed by the Ontario Geological Survey ("OGS") on CBLT's 100% owned Copper Prince
Property.
On January 9
th
, 2018, CBLT reported assays results collected by the OGS's Sudbury District Geologist at Copper Prince.
Highlights included 3.43, 3.57, 6.58, and 27.84 g/t Au, and 1.15% Cu. Three of the eight samples returned values that exceeded
the upper detection limit for cobalt and copper and were re-analyzed.
Final results for the over-limit samples have been provided to CBLT by the OGS. Highlights include 2.43% Cu, 0.21% Co, and
0.44% Co.
Samples 17-0287-0001 through to 17-0287-0004 were collected from blast rock at the Copper Prince Showing, and samples
17-0287-0005 through to 17-0287-0008 were collected from outcrop at Ed's Watering Hole.
Table 1: Copper Prince Grab Samples, All Eight Samples Collected by OGS
Sample Number
Au
(g/t)
Co
(ppm)
Cu
(ppm)
17-0287-0001
1.71
443
2866
17-0287-0002
3.43
441
11,529
17-0287-0003
<0.55
134
188
17-0287-0004
3.57
71
24,278
17-0287-0005
< 0.55
6
64
17-0287-0006
1.85
2,149
859
17-0287-0007
27.84
4,438
68
17-0287-0008
6.58
147
272
These are very exciting results," said Peter M. Clausi, CEO. "Our drilling and sampling have established there is gold and cobalt
mineralization around Ed's Watering Hole at the south end of the property. In 2018, we intend to continue to prove up that
mineralization with a view to a second drill program in the latter part of the year, and to follow on the strong copper results from
the middle of the property."
Qualified Person
All grab samples collected by the OGS were selective in nature, and the reported mineralization may not be representative.
These analyses were conducted by the Geoscience Laboratories, an ISO 9001 certified laboratory. This press release was
drafted under the supervision of Joerg Kleinboeck, P.Geo, who is the Qualified Person in accordance with NI43-101.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to the Company 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", "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.
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cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and
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legal proceedings; income tax matters; availability and terms of financing; distribution of securities; effect of market interest rates
on price of securities, and potential dilution.
About CBLT Inc.
CBLT is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining
jurisdictions. CBLT continues to be a project generator and an efficient steward of its shareholders' capital.
On Behalf of the Board of Directors
CBLT INC.
"Peter M. Clausi"
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
1 416-890-1232
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.