Sarissa Resources Inc (SRSR)

[webpence]

Otto claims...

Deal with green swan...

https://www.accesswire.com/viewarticle.aspx?id=455651



http://www.canada-resources.ie/index.php/operations/otto-property

LARDER LAKE - Division 80Claim Number: L 4250913Status: ACTIVE - SpecialDue Date:2015-Dec-09Recorded:2010-Apr-09Work Required:$6,400Staked:2010-Mar-17 15:45Total Work:$19,200Township/Area:OTTO (M-0379)Total Reserve:$0Lot Description:All of LOT 6: All of LOT 7, CON 4Present Work Assignment:$0Claim Units:16Claim Bank:$0
Claim Holders

Recorded Holder(s) PercentageClient NumberCBLT INC. ( 100.00 %)411512


Transaction Listing

TypeDateAppliedDescriptionPerformedNumberSTAKER2010-Apr-09RECORDED BY KELLY, KENNETH ARTHUR (1002146)R1080.01157TRAN2011-Jan-06KELLY, KENNETH ARTHUR (402036) TRANSFERS 100.00 % TO 2214098 ONTARIO LTD. (408033)T1180.00011OTHER2012-Apr-10WORK PERFORMED (LC, MAG, PROSP) APPROVED: 2012-JUL-19$9,105Q1280.01016WORK2012-Apr-10$6,400WORK APPLIED (LC, MAG, PROSP) APPROVED: 2012-JUL-19W1280.01016TRAN2012-Aug-202214098 ONTARIO LTD. (408033) TRANSFERS 100.00 % TO SHINING TREE RESOURCES CORP. (409745)T1280.00395OTHER2012-Aug-28WORK PERFORMED (ASSAY, GCHEM, PROSP) APPROVED: 2012-OCT-15$3,739Q1280.02085ORDER2013-Mar-15RECORDER EXTENDS TIME UNTIL AND INCLUDING 2013-Oct-09 FOR WORK AND FILING THEREOF.D1380.00139WORK2013-Oct-09$4,000WORK APPLIEDW1380.02411WORK2013-Oct-09$2,400WORK APPLIEDPROSP APPROVED: 2013-DEC-03W1380.02419ORDER2014-Mar-31RECORDER EXTENDS TIME UNTIL AND INCLUDING 2014-May-26 FOR WORK AND FILING THEREOF.D1480.00172OTHER2014-May-23WORK PERFORMEDPCUT, PRECUT, RAD APPROVED: 2014-MAY-26$1,440Q1480.01154WORK2014-May-23$3,030WORK APPLIEDPCUT, PRECUT, RAD APPROVED: 2014-MAY-26W1480.01154WORK2014-May-26$3,370WORK APPLIEDW1480.01175OTHER2014-Aug-27EXPLORATION PLAN NO. PL13-10027 EFFECTIVE FROM 2013-MAR-20 TO 2015-MAR-20 FOR THE FOLLOWING ACTIVITIES: (LINE CUTTING / LC)J1480.00013ORDER2015-Mar-17RECORDER EXTENDS TIME UNTIL AND INCLUDING 2015-AUG-09 FOR WORK AND FILING THEREOF.D1580.00094ORDER2015-Jul-29RECORDER EXTENDS TIME UNTIL AND INCLUDING 2015-DEC-09 FOR WORK AND FILING THEREOF.D1580.00284MISC2015-Dec-04SPECIAL CIRCUMSTANCES APPLYM1580.00278TRAN2017-Mar-17SHINING TREE RESOURCES CORP. (409745) TRANSFERS 100.0 % TO GREEN SWAN CAPITAL CORP. (411512)T1780.00129MISC2017-Sep-07CLIENT (411512) CHANGES NAME FROM GREEN SWAN CAPITAL CORP. TO CBLT INC.X1700.00030

The JEAP grant was directed towards exploration at CBLT's main Sudbury cobalt/gold property
in 2016. The results of that program included strong diamond drill assay results announced in
December, 2016 and January, 2017, showing continuity of gold and cobalt throughout the vein
system tested (press releases of Dec 14/16 and Jan 11/17). CBLT is following up that work with
a summer, 2017 program that is now underway.
Second, the province of Ontario is supporting CBLT through the office of the Kirkland Lake
District Geologist, who is carrying out exploration activities at its own expense at CBLT's Otto
Lake asset (http://cbltinc.com/otto-lake.html). CBLT is not directing this activity but does have
some input as to its methodology. The DG office has advised that such work will include 'boots
and hammers' prospecting, road access, line cutting, sampling, a geophysic survey of a nature to
be determined, and mapping. All results will be provided to CBLT for its own use throughout the
fall of 2017.
“The JEAP grant and the work by the District Geologist are only two examples of the ongoing
support from the Ontario government to Canada's mining industry,” said Peter M. Clausi,
CBLT's CEO. “Absent a compelling new opportunity, we intend to continue to concentrate our
efforts in this supportive jurisdiction, to help build an ethical supply chain for cobalt. The recent
announcement concerning funding for the Ring of Fire only buttresses our confidence in Ontario
as one of the world's premier mining jurisdictions.”

Green Swan's management has much experience in dealing with the Ontario permitting process,
and believes it can successfully advance the permit process with local communities, First Nations
and MNDM. Green Swan is unable to state how long this process will take or what resources
will be needed. However, as with its Sudbury cobalt-gold asset, Green Swan has demonstrated
an ability to source and acquire lower visibility mining assets that can generate significant
shareholder value.
The consideration for the acquisition is the granting of a 10-year Net Smelter Returns Royalty, at
3% for the first 200,000 ounces of gold and 2% thereafter. During the term of the Net Smelter
Returns Royalty, if Green Swan files a NI43-101 compliant resource estimate of at least one
million ounces of gold grading at least 2 grams of gold per tonne, Green Swan will at that time
immediately owe the vendor a one-time payment of USD$250,000.
This acquisition is an Exempt Transaction and stock exchange approval was not required.
Green Swan intends to continue acquiring highly prospective assets in good mining jurisdictions,
and is focusing on cobalt acquisitions.

About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian mineral exploration company with a proven leadership
team. Green Swan is well-poised to further deliver real value to its shareholders.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
[e-mail]
1 905-681-1925
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