CBLT begins 2022 Shatford Lake field program

Apr 5, 2022

2022-04-04 13:08 ET – News Release

Mr. Peter M. Clausi reports

CBLT EARLY FIELD PROGRAM FOR SHATFORD LAKE (LITHIUM)

CBLT Inc. reported the results from its first sampling program in the Bird River pegmatite field at Shatford Lake, Manitoba, on Nov. 29, 2021. Based in part on guidance from historical field notes and drill logs, CBLT’s field team located and sampled several pegmatite outcrops during the 2021 field season. A total of 14 samples were collected.

Several samples were elevated in rubidium and some samples were also anomalous for cesium and tantalum. This geochemistry indicates the pegmatites in the area are LCT-type (lithium-caesium-tantallum) and highly prospective for further lithium exploration.

One sample, 14210, was inadvertently taken immediately adjacent to CBLT’s Shatford Lake property. This sample returned 0.534 per cent lithium oxide (Li2O) and 0.62 per cent rubidium oxide (Rb2O). Though this sample was taken off CBLT’s property, it gives an indication of the presence of lithium-bearing LCT pegmatites in the area. The structure hosting this sample has been inferred to cross back onto CBLT’s property, and will be followed and sampled in future exploration programs.

All of the samples were from pegmatites on the western side of Shatford Lake near where a structure has been mapped by CBLT.

The field program for 2022 has already begun with a more detailed review of historical Branch Files at Manitoba Mines. These files describe numerous pegmatites but only in the context of searching for cassiterite (a tin oxide mineral that globally is a major source of tin). It does not appear that anyone historically actively explored for lithium in the pegmatites; CBLT will do this.

Cassiterite was first discovered at Tin Island located 600 metres east of the claim boundary. Cassiterite veins were trenched in the 1920s just off the east side of the Softrock 1 claim.

A geological map drafted by Gass (1957) outlines a 460-metre strike length, three-to-36-metre-wide rare element pegmatite located on the south shore of Shatford Lake in the Softrock 1 claim.

Of particular interest is Manitoba Mines’ “Branch economic geology report ER84-1 industrial minerals in rare-element pegmatites of Manitoba,” B.B. Bannatyne, 1985. The following text was found in ER84-1: “A 33.6-metre shaft was sunk on the nearby shore of the island to the east and a crosscut to the pegmatite was made. It was followed by 18 metres of drifts, but only an insignificant amount of cassiterite was found.” The report details numerous trenched areas with LCT pegmatite potential.

The area also contains at least two more than 20-metre-long trenches excavated in the pegmatite within Softrock 1.

Based on CBLT’s own work and the historical records, it is obvious that CBLT’s early summer, 2022, field plan will be:

To prospect, sample and map the southeast shore of Shatford Lake just west of the trenched pegmatites described in report ER84-1;
To prospect, sample and map the area around the historical shaft;
To prospect, sample and map the trenches in Softrock 1.

For the first time, these areas will be prospected for lithium-cesium-tantalum pegmatite occurrences. The in-field portion of the program will begin as soon as possible, after the snow melts.

We seek Safe Harbor.

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