CBLT Inc. reported the results from its work program at Big Duck Lake in the autumn of 2022. Big Duck Lake is in the Hemlo West Camp, located east of Thunder Bay, Ontario. Strategically, it is 4 kilometres west of the past-producing polymetallic Winston Lake Zinc Mine.

The Winston Lake Zinc Mine produced 2.68 million tonnes of 12.05% zinc, 1.05% copper, 1.07 g/t gold and 31.37 g/t silver. Big Duck Lake covers six kilometres of prospective geology containing numerous gold and base metal showings. One of the showings is the Coco-Estelle Deposit, which hosts a historical resource estimate of 53,700 tonnes grading 10.7 g/t gold.

This 1993 resource estimate was generated by Metall Mining Corporation ("Minnova"), funded by Rusty Lake Resources, following a ten diamond drill hole program and is contained in a report authored by Lewis, P., 1993: Big Duck Lake Property, Diamond Drill Report, July 27 - August 17, 1993. CBLT is not treating this estimate as current mineral resources. It does not follow the required disclosure for reserves and resources as outlined in NI43-101 as it predated NI43-101.

Th historical resource estimate generated by Minnova has not been redefined to conform to the CIM approved standards as required in NI 43-101. From his Statement of Qualifications it appears the author may have been a qualified person under current definitions, but CBLT cautions that no qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Given the above non-conforming historical estimate, the main focus of exploration at Big Duck Lake has been Coco-Estelle.

A prior owner carried out a drill program in 2017 at Coco-Estelle, reported in 2018, which included one over-limit sample from Hole BD17-01, initially reported as >10 grams per tonne (g/t) gold over 0.5 metres (m). The prior owner re-ran this sample using a "gravimetric" finish. On the re-run, the prior owner reported a value from this sample of 823.1 g/t (26.339 oz/ton) gold over 0.5 m, within a larger section of 1.3 m grading 320.1 gold g/t. In addition to the gold at Coco-Estelle, the property hosts numerous other occurrences.

The purpose of CBLT's 2022 field program was to visit and sample some of these other occurrences. Two areas were selected for prospecting, being the North Gold showing immediately to the northwest of Big Duck Lake on the west side of the property and the area around Sulphur and Cable Lakes in the north of the property. The North Gold showing consists of a rusty zone with disseminated pyrite.

The area coincides with an historical IP anomaly. One drillhole was drilled in the area in 1993 and limited grab sampling has been conducted over the years. The area around Sulphur and Cable Lakes consists of massive to finely banded pyrite and pyrrhotite.

A magnetometer and VLF survey completed in 2012 found this area to have a coincident magnetic and EM anomaly. However, very little work has been completed here. A total of 23 grab samples were collected from outcrop over these two areas.

Samples were then submitted to ActLabs in Timmins with gold analyzed by fire assay with a multi-element suite analyzed using an aqua regia digest followed by ICP-OES. Samples were observed to be mainly of sulphide bearing quartz veins and mafic volcanics. Massive sulphide samples were also collected in the Sulphur Lake area.