MacTrack is northeast of CBLT's existing Falconbridge Township flagship gold and cobalt property, and are in management's opinion highly prospective for cobalt and gold. They total 29 units covering roughly 1300 acres, and appear to management to be underlain by Nipissing Gabbro in contact with sediments of the Gowganda Formation. Historically, gold and cobalt values have been encountered by third parties on the sediment-gabbro contact on the MacTrack Claims. Further, one of CBLT's directors has first-hand knowledge of these claims as he previously carried out exploration activities for a third party at MacTrack.

Historic results, which were conducted by third parties and cannot be relied upon until CBLT carries out further exploration, technical due diligence and data compilation, include:

• a 50 foot shaft sunk in 1923 which yielded results of 5 to 6 ounces of gold per tonne;

• a grab sample from 1999 of 3.8 grams of gold/t and 0.1% cobalt; and

• a September, 2017 grab sample which assayed 85.6 grams of gold/t and 0.11% cobalt.

CBLT intends to be in the field at MacTrack late this spring.

 

Sample Taken From Quartz Vein

MACTRACK CLAIMS

MacTrack is northeast of CBLT's existing Falconbridge Township flagship gold and cobalt property, and are in management's opinion highly prospective for cobalt and gold. They total 29 units covering roughly 1300 acres, and appear to management to be underlain by Nipissing Gabbro in contact with sediments of the Gowganda Formation. Historically, gold and cobalt values have been encountered by third parties on the sediment-gabbro contact on the MacTrack Claims. Further, one of CBLT's directors has first-hand knowledge of these claims as he previously carried out exploration activities for a third party at MacTrack.

Historic results, which were conducted by third parties and cannot be relied upon until CBLT carries out further exploration, technical due diligence and data compilation, include:

• a 50 foot shaft sunk in 1923 which yielded results of 5 to 6 ounces of gold per tonne;

• a grab sample from 1999 of 3.8 grams of gold/t and 0.1% cobalt; and

• a September, 2017 grab sample which assayed 85.6 grams of gold/t and 0.11% cobalt.

CBLT intends to be in the field at MacTrack late this spring.

Sample Taken From Quartz Vein