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CBLT Inc. (TSXV: CBLT), based in Burlington, Ontario, is a mineral exploration company focused on identifying high-potential mining properties in Canada. The company recently reported encouraging results from its work program at Big Duck Lake, revealing significant gold and base metal showings in the Hemlo West Camp of Ontario. CBLT also acquired Falcon Gold in 2023, targeting the historically rich Garson Fault area in Sudbury. With a team of experienced geologists, CBLT is dedicated to exploring and developing mineral resources to drive long-term growth and value for its shareholders.
CBLT Inc. (TSXV: CBLT) has initiated Phase 2 of its work program at the Falcon Gold Property in Sudbury, Ontario, following a successful Phase 1. The property, which includes the past-producing Falcon Gold Mine, is located on 100% owned patented mining claims. Phase 2 involves a mechanized stripping program to follow up on previously reported grab samples with gold values up to 25.7 g/t.
The program aims to better understand the geological controls at the property. Phase 1 assay results, announced in July 2024, showed gold values ranging from <0.005 g/t to 25.7 g/t. Phase 2 will focus on locating and stripping historical features such as trenches and the dump for further sampling and mapping.
Historically, gold mineralization was discovered at the site in 1890, with various exploration phases conducted over the years. A 1988 drill program by Falconbridge calculated historical resources of 59,400 tons grading 0.226 oz/ton.
CBLT Inc. (TSXV: CBLT) has reported successful results from its Phase 1 reconnaissance prospecting program at the past-producing Falcon Gold Property in Sudbury, Ontario. The program confirmed high-grade gold mineralization, with grab samples yielding up to 25.7 g/t Au. The property, recently purchased from Kinross Gold Corp., has a history of gold discovery dating back to 1890.
Key findings include:
- 23 grab samples collected, with 7 samples returning grades over 2 g/t Au
- Gold mineralization associated with a pyrite-rich shear zone
- Historical resource estimate of 59,400 tons grading 0.226 oz/ton (not NI 43-101 compliant)
CBLT plans further work, including additional sampling and mapping, ahead of a mechanized stripping program to better understand the geological controls at Falcon Gold.
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