![]() ![]() CBLT also granted the Vendor a 2% NSR, one-half of which can be repurchased at CBLT's option at any time for $1,000,000. The purchase price paid on closing was $10,000 cash and $15,000 in CBLT common shares issued at eight ($0.08) cents per share. a September, 2017 grab sample which assayed 85.6 grams of gold/t and 0.11% cobalt.a grab sample from 1999 which assayed 3.8 grams of gold/t and 0.1% cobalt and.a 50 foot shaft sunk in 1923 yielded results of 5 to 6 ounces of gold per tonne.Historic results at MacTrack, which were conducted by third parties and cannot be relied upon until CBLT carries out further exploration, technical due diligence and data compilation, include: One of CBLT's directors has first-hand knowledge of these claims as he previously carried out exploration activities for an unrelated third party at MacTrack. Historically on the MacTrack Claims, gold and cobalt values have been encountered by third parties on the sediment-gabbro contact. ![]() CBLT expects cobalt to maintain this level and to further test multi-year highs. Today, it is trading at USD$77,000 per tonne, an increase of over 350% in under two years. In February of 2016, cobalt was trading on the London Metal Exchange at USD$21,750 per tonne. "As the use of lithium ion batteries grows, so too will demand for battery metals like cobalt." "M&A activity in the efficient acquisition of poly-metallic assets including cobalt is a cornerstone of CBLT's business plan," said Peter M. 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. ![]() The MacTrack Claims are northeast of CBLT's existing flagship gold and cobalt property, and in management's opinion are highly prospective for cobalt and gold. (TSXV: CBLT) (" CBLT") announces it has closed its previously announced agreement with arm's length vendors (the "Vendor") to purchase two unpatented claims (the "MacTrack Claims") near Sudbury, Ontario. ![]()
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