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

August 9, 2024 — 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, …