Peter Clausi on how CBLT acquired the Falcon Gold Property in Sudbury, Ontario

In a recent interview with InvestorNews host Tracy Hughes, Peter Clausi, President, CEO, and Director of CBLT Inc. (TSXV: CBLT), discussed the promising results from their Phase 1 reconnaissance prospecting program on the Falcon Gold Property in Sudbury, Ontario. The property, purchased from Kinross Gold Corp. in 2023, showed high-grade gold samples, particularly an impressive 25.7 g/t Au. Clausi noted, "This successful initial work program confirms the presence of high-grade gold mineralization as reported by previous operators." The property includes historic sites like a shaft, dump, and trenches, indicating past productive activity. CBLT's first sampling program aimed to verify the historical high-grade mineralization, and the results did not disappoint. Clausi elaborated on how CBLT acquired the Falcon Gold Property, highlighting that it was a strategic purchase due to its location next to CBLT’s Copper Prince property and the historical significance of the site. "We were the only logical buyer to buy the middle piece, and that's how we came to own this forgotten gold producer," Clausi explained. The recent sampling compared favorably to historical data, such as samples taken in 1994 that exceeded 30 g/t Au. Moving forward, CBLT plans to conduct more detailed mapping and sampling, including clearing historical features to prepare for a comprehensive 2025 exploration program. Clausi emphasized the importance of leveraging both new and historical data to guide their future exploration efforts. #Gold #GoldExploration #CBLT #PeterClausi