Mikayla is a higly prospective property in southeastern BC covering 1144 hectares (11 sq km). It is located in the Okanagan Valley in southeast British Columbia, roughly 15 km south of Xstrata Canada’s Brenda Mine, and close to the Crowrea and Empress properties (Nevada Clean Magnesium Inc. / Goldrea Resources Corp. joint venture). Phase 1 of exploration of Mikayla included an airborne magnetic survey over approximately 209 kilometres, flown at 100 metre line spacing.

That aerial survey identified a strong EM conductive anomaly. The EM anomaly is centered over a magnetic low which in turn is surrounded by a magnetic high, which in management’s opinion is suggestive of a possible porphyry system. CBLT followed up the survey in 2018 with an orientation soil sample program, with 82 soil samples taken along logging roads in the western project area.

The 2018 geochem assay results are neither anomalously high nor definitive of the conductivity anomaly, but the data provide additional information for an area where glacial alluvium is up to 70 meters thick.

Historical drilling in 1976 by Almaden Resources tested the area 2 km east of the anomaly. Hole M76-3 encountered significant silver, copper and molybdenum mineralization. The entire core length of 231.9 m was reported to have an average grade of 5.54 g/t Ag, 0.047% Cu and 0.020% Mo. A follow-up program in 1977 tested the northernmost edge of the EM anomaly and encountered highly altered sections of potassic and sericitically altered biotite granodiorite. This historic drilling was carried out by third parties and should not be relied upon without further work by CBLT including but not limited to further drilling.

The results from that survey are here.

The Ryliejack tenure is one mining claim covering 108 hectares. Ryliejack is entirely contained within the Brucejack Property (Pretium Resources Inc.), close to a regional access road. Ryliejack’s northwestly corner is 6 km from the Brucejack “Valley of the Kings” zone.

As of July, 2016, Measured and Indicated Mineral Resources in the Valley of the Kings totalled 9.1 million ounces of gold (16.4 million tonnes grading 17.2 grams per tonne gold). Ryliejack sits in an enviable location.

No work is being contemplated for 2019.