CBLT Inc. announced it has purchased the Falcon Gold property, host to the former Falcon Gold Mine, in Sudbury, Ontario ("Falcon" or "the Property"), with a historical gold resource estimate. This purchase consolidates Falcon with CBLT's Copper Prince along the Garson Fault, effecting a 1996 recommendation from Falconbridge Limited, a prior owner. Location.

Falcon comprises a contiguous block of 3 patented claims, within Falconbridge Township in the Sudbury Basin. In the map below, it is the red middle between the patented and unpatented lands that are part of CBLT's existing copper-gold-cobalt property, Copper Prince. The Garson Fault runs east-west through Copper Prince and Falcon Gold.

The Property lies within the Huronian Gold Belt, a zone of past gold producers that extends from northeast of the Sudbury Basin to south of Espanola, a distance of roughly 120 kilometers. Like CBLT's adjacent Copper Prince, Falcon has been explored intermittently. Exploration has been carried out since prior to 1900 after gold was found through prospecting.

A work report from 2005 filed by Millstream Mines Ltd. indicates over 28,000 feet of diamond drilling was carried out over time at Falcon. Some of the historical data appears to be reliable but there are gaps as some exploration activity was unrecorded, due to Falcon being patented land. Further work will be required to confirm the Millstream Mines data and the data should not be relied upon.

CBLT has not been able to find any production data associated with the past producing Falcon Gold Mine. The Bailey Report and Resource Estimate. The most interesting report dates from 1996, authored by Gordon Bailey, M.Sc.

Geol., based upon work carried out by Falconbridge Limited in 1994 and 1995. Bailey advises five samples from near the former mine site were collected and assayed. Two pyrite-rich surface samples assayed 50.47 and 53.21 g Au/tonne whereas three pyrite-rich dump samples assayed 33.60, 38.33 and 40.46 g Au/tonne.