In a recent InvestorIntel interview, Peter Clausi spoke with Darren Hazelwood, CEO of Panther Metals PLC (LSE: PALM) about Panther’s highly prospective gold projects in the Schreiber-Hemlo Greenstone Belt in Ontario and about the listing of its Australian subsidiary on the ASX to drive forward the Australian exploration projects.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Darren Hazelwood provided an update on Panther’s drill program at the Dotted Lake Project located along a gold bearing shear-zone, and 16KM from the Hemlo mine operated by Barrick Gold. Darren went on to say that Panther Metals is focused on its Canadian projects which have strong historical indications of finding gold.

To watch the full interview, click here.

About Panther Metals PLC

CBLT Inc. (TSXV: CBLT) had a great 2020 with the stock price up 200%. This is because the Company continues to make deals that add value for shareholders and avoids stock dilution, the latest deal being CBLT’s 6.1% share in today’s CSE listing of Ready Set Gold (CSE: RDY) (‘RDY’), a promising gold exploration play. RDY is anticipated to commence trading on January 12, 2021 under the symbol “RDY” on the Canadian Securities Exchange (CSE).

CBLT Inc. offers investors exposure to multiple Canadian cobalt and precious metals projects, an equity share in RDY and any sale proceeds, and management’s strong track record of deal making.

CBLT owns 1,833,333 shares (approximately 6.1%) of RDY. CBLT has received its first release from escrow of 458,333 free-trading shares. There are three remaining escrow releases of the same number of shares, to take place on or about April 18, June 18 and August 18, all in 2021. RDY’s last financing was carried out at C$0.75 per share, giving CBLT’s holding an implicit value of over $1,300,000. CBLT Inc. stands to benefit by selling some of its RDY holdings as it comes out of escrow to mitigate downside risk and holding on to the remainder to ride the ‘gold and Hemlo’ wave.

The Ready Set Gold announcement above gives a good summary of the company quoted below:

• “A basket of gold projects in the Hemlo area in Ontario with a focus on high-grade gold exploration and development potential, including the 100% owned Northshore Gold Project hosting Indicated Resources of 391,000 oz Au in 12.36 million tonnes at a grade of 0.99 g/t and Inferred Resources of 824,000 oz Au in 29.58 million tonnes at 0.87 g/t Au using a cut-off grade of 0.50 g/t Au. (NI43-101 Technical Report – 2014).
• A proven team of public company executives and explorers focusing on profitable exits for shareholders.
• Low share float of 29.8 million shares outstanding and 37.1 million shares fully diluted.”

Note: Bold emphasis done by the author.

The background on this deal involved CBLT Inc. selling its 56% share of the Northshore Gold Property Joint Venture to Omni Commerce Corp. (“Omni“). For the sale CBLT Inc. received $350,000 in cash and $1,100,000 in common shares of Omni. Subsequently RDY formed out of an amalgamation agreement dated August 12, 2020, between Omni and RDY, effectively meaning CBLT Inc. became a RDY equity holder.

A deeper look at Ready Set Gold (‘RDY’)

RDY states that its mission is to discover, expand, develop high grade, economic gold deposits on proven and prolific greenstone belts in Canada with an initial focus on Ontario. As mentioned above in the CBLT announcement RDY has already discovered significant gold ounces, or as reported in their presentation a total of 1.22 million ounces. The indicative market cap for the initial listing is C$22 million fully diluted, which gives a market cap per ounce of US$18/oz, well below most competitors. Of course RDY is a new listing and has a significant percentage of their gold still in the lower Inferred category, so this must be taken into consideration when comparing to peers.

2021 will see Phase 1 drilling of 3,000 meters of infill drilling and upgrading of the Inferred Resource. This will be followed by Phase 2 drilling of another 3,000 meters, including of new targets. This should lead to plenty of news flow in H1 2021.

Ready Set Gold’s 3 key gold projects – Northshore, Hemlo Eastern Flanks, and Emmons Peak

Ready Set Gold company highlights

Source: RDY company presentation

About CBLT Inc.

CBLT Inc. is a project generator with a focus on quality cobalt projects in safe jurisdictions such as Canada. CBLT  has numerous projects in Canada. CBLT’s flagship is the Copper Prince Project located in Falconbridge Township, in the Sudbury Mining District of Ontario, Canada. The Project has Cu-Ni-PGM and gold occurrences. Sample 616311 found 54.3g/t Au and 5,020 ppm (0.502%) Co. CBLT also owns the Chilton Cobalt Project in the Grenville Subprovince in Quebec, which contains two areas with large nickel-copper-cobalt-chromium findings. In total CBLT has its hands in over 10 projects in Canada. You can read more in my past articles here and here.

Closing remarks

CBLT Inc. still has a low market cap of only C$4.7 million despite their tremendous stock price performance in 2020. By buying into CBLT Inc. investors gain exposure to over 10 projects in Canada with base metals (Co, Ni, Cu) and precious metals potential (Au, Ag, PGMs), some equity exposure in Ready Set Gold which is due to list today, and management’s deal making skills that has a proven track record of adding value for shareholders without stock dilution. Be quick!

In a recent InvestorIntel interview, Tracy Weslosky asks Peter Clausi, President, CEO and Director of CBLT Inc. (TSXV: CBLT) to explain what he meant by his line that “a mining company can make more money with a pen than with a drill bit.” He responds on how this works with market cycles and then adds that as a result of their focus on strategic M&A activities that “CBLT has not had to do financing since 2016.” He then goes on to explain how CBLT has found creative M&As to make money for their shareholders.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Peter went on to say, “Two years ago, CBLT bought a portfolio of assets for little over $1 million in stock. Northshore gold was one of the assets in the portfolio which was sold for $1.45 million.” He also provided an update on the Big Duck Lake gold property on which Peter said “…is analogous to the Moose Lake Porphyry which hosts the Hemlo Gold Camp.” Commenting on the cobalt market Peter said, “If you believe that we are going to greenify the world, if you believe that there is a run on Lithium — then you have to believe that there is a run on cobalt.”

To watch the full interview, click here

March 16, 2018 – “The drill results were very strong. We put down 4 holes and all 4 holes hit the gold zone at what is called The Coco-Estelle showing. We proved up the historic mineralization there. One of the holes returned bonanza grade gold. I know it is not a precise term, but that is what we call it. 823 grams over half a meter and 44 meters of 1.6 grams of gold is a pretty good hole.” states Peter Clausi, CEO, President and Director of GTA Resources and Mining Inc. (TSXV: GTA), in an interview with InvestorIntel’s Andy Gaudry.

Andy Gaudry: We would like an update of Big Duck Lake.

Peter Clausi: Within GTA. 

Andy Gaudry: Yes. 

Peter Clausi: Big Duck Lake is in Hemlo, 25 kilometers north of our other project in Hemlo called Northshore. At Northshore we have about 1.2 million ounces of indicated plus inferred of gold. Big Duck Lake is right next door to the former producing Winston Lake Mine. It is a polymetallic area. Our technical team thinks we are on the same geologic setting as the former producing mine. We purchased the property and drilled it. Drill results came out in January.

Andy Gaudry: That is wonderful. How were those results and how does that affect GTA moving forward?

Peter Clausi: The drill results were very strong. We put down 4 holes and all 4 holes hit the gold zone at what is called The Coco-Estelle showing. We proved up the historic mineralization there. One of the holes returned bonanza grade gold. I know it is not a precise term, but that is what we call it. 823 grams over half a meter and 44 meters of 1.6 grams of gold is a pretty good hole.

Andy Gaudry: Wonderful.

Peter Clausi: We are happy with it. We will raise some more money, go back in the field. We will drill again and create more value for shareholders.

Andy Gaudry:  That is wonderful. Back to shareholders, what can they expect for the next quarter or two from GTA? 

Peter Clausi: We are doing engineering work on the million ounces at Northshore. We are looking at environmental and how do you put that into production. At the same time we will be considering our next round of drilling at Big Duck Lake…to access the complete interview, click here

Disclaimer: GTA Resources and Mining Inc. is an advertorial member of InvestorIntel Corp.