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CBLT adds two Gold and Cobalt assets

Stockhouse Editorial
0 Comments| December 18, 2017

CBLT Inc. (TSX: V.CBLTForum) on Monday announced that it has entered into a binding letter of intent to purchase two claims near Sudbury, Ontario.

These claims - the MacTrack claims - are northeast of CBLT’s flagship gold and cobalt property in Falconbridge Township. There are a total of 29 units, covering around 5,200,000 square meters (1,300 acres). CBLT CEO Peter M. Clausi reports that gold and cobalt values have been found by third parties on the MacTrack Claims. The company added that further exploration must be conducted for confirmation, pointing to a September, 2017 grab sample which assayed 85.6 g/t Au and 0.11% cobalt.

The MacTrack claims will be purchased for $10,000 cash and $15,000 in CBLT common shares issued at $0.08 per share, pending regulatory approval.

More information can be found here.

CBLT was in the news recently for entering into a binding agreement with Winmar Resources Ltd. to advance three claims now owned by CBLT in the Cobalt-Gowganda silver-cobalt mining district of Ontario.

FULL DISCLOSURE: CBLT Inc. is a paid client of Stockhouse Publishing.

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