CBLT acquired a 100% interest in the Big Duck Lake gold property in 2019 as part of a portfolio purchase.

Big Duck Lake covers six square kilometres of prospective geology, east of Thunder Bay, Ontario and 100 km west of the prolific Hemlo Gold Mines. It contains 46 showings including the Coco-Estelle Deposit, which hosts a historic resource* of 53,700 tonnes grading 10.7 grams of gold per tonne, or more than 18,000 ounces (*historic resource so cannot be relied upon with CBLT carrying out confirmatory work including drilling).

The claims are located 4 km west of the past producing Winston Lake Zinc Mine, which produced 2.68 million tonnes of 1.05% copper, 12.05% zinc, 1.07 g/t gold and 31.37 g/t silver.

Big Duck Lake covers an altered gold rich porphyry (Big Duck Lake Porphyry) which is analogous to the Moose Lake Porphyry, host to the Hemlo gold deposits.

The prior owner (GTA Resources and Mining Inc.) carried out initial field work consisting of four diamond drill holes on the Coco-Estelle Deposit in late 2017. The program was very successful with three of the four holes intersecting significant gold grades and widths. Bonanza-grade values came from Hole BD17-01 and BD17-02 returned a 44 metre interval of 1.65 g/t gold. Other values include 5.89 g/t gold over 5.0 m within a wider zone of 1.96 g/t over 11.0 m.

GTA’s SEDAR page is here (https://bit.ly/330gO1J). Please read its press release of January 29, 2018 for a full table of drill results and QA/QC.

GTA recompiled a 2005 IP survey covering the main area of interest and from that a number of chargeability targets (both on known gold trends and isolated targets) will be scheduled by CBLT for sampling, trenching and ultimately drilling.

VIEW NORTHSHORE - BIG DUCK LOCATION

VIEW BIG DUCK LAKE PROPERTY COMPILATION IMAGE

VIEW BIG DUCK LAKE PROPERTY COMPILATION IMAGE V2

CBLT acquired a 100% interest in the Big Duck Lake gold property in 2019 as part of a portfolio purchase.

Big Duck Lake covers six square kilometres of prospective geology, east of Thunder Bay, Ontario and 100 km west of the prolific Hemlo Gold Mines. It contains 46 showings including the Coco-Estelle Deposit, which hosts a historic resource* of 53,700 tonnes grading 10.7 grams of gold per tonne, or more than 18,000 ounces (*historic resource so cannot be relied upon with CBLT carrying out confirmatory work including drilling).

The claims are located 4 km west of the past producing Winston Lake Zinc Mine, which produced 2.68 million tonnes of 1.05% copper, 12.05% zinc, 1.07 g/t gold and 31.37 g/t silver.

Big Duck Lake covers an altered gold rich porphyry (Big Duck Lake Porphyry) which is analogous to the Moose Lake Porphyry, host to the Hemlo gold deposits.

The prior owner (GTA Resources and Mining Inc.) carried out initial field work consisting of four diamond drill holes on the Coco-Estelle Deposit in late 2017. The program was very successful with three of the four holes intersecting significant gold grades and widths. Bonanza-grade values came from Hole BD17-01 and BD17-02 returned a 44 metre interval of 1.65 g/t gold. Other values include 5.89 g/t gold over 5.0 m within a wider zone of 1.96 g/t over 11.0 m.

GTA’s SEDAR page is here (https://bit.ly/330gO1J). Please read its press release of January 29, 2018 for a full table of drill results and QA/QC.

GTA recompiled a 2005 IP survey covering the main area of interest and from that a number of chargeability targets (both on known gold trends and isolated targets) will be scheduled by CBLT for sampling, trenching and ultimately drilling.

VIEW NORTHSHORE - BIG DUCK LOCATION

VIEW BIG DUCK LAKE PROPERTY COMPILATION IMAGE

VIEW BIG DUCK LAKE PROPERTY COMPILATION IMAGE V2