Candle wax (paraffin) is a much better penetrant for breaking loose rusty bolts in cast iron than PB Blaster, or other penetrants. Get the stud as hot as possible with a Propane or MAPP torch, and touch a candle to it. It will SMOKE and might even flame up. Once the wax has penetrated the threads, double nut the stud tightly and work it back and forth with a long breaker bar and a deep socket. Patience! It will eventually break free and unscrew without any damage.
Jerry