Searchlight Resources Inc.
Searchlight is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. Exploration focus is on gold and battery minerals throughout the province, concentrating on projects close to infrastructure.
Searchlight holds a 427.6-square-kilometre land position within the gold-and-base-metal-rich Flin Flon-Snow Lake greenstone belt. The Company is currently advancing its Bootleg Lake gold project, which hosts four past-producing high-grade gold mines, located in Saskatchewan close to the world class mining centre of Flin Flon.
Bootleg Lake Project, Saskatchewan, Canada (Au & VMS)
Searchlight has completed the required payments and work commitments to earn a 75-per-cent interest in the Bootleg Lake gold project, located near Creighton, Saskatchewan. (See news release dated September 9, 2021)
The 2018 drill program focused on the Rio mine, drilling beneath the 1,500 metres of historic underground workings to confirm gold mineralization to a depth of approximately 200 metres. Significant results include the following:
The 2021 drill program focused on the Henning-Maloney mine, confirming gold mineralization to a depth of approximately 150 metres. A total of 11 gold intersections in the three diamond drill holes include the following:
"Searchlight has been encouraged by the exploration results to date, with drilling expanding the zones of known gold mineralization, including results at Henning-Maloney which indicate multiple vein structures starting close to the surface. Furthermore, geophysics suggests that three of the past-producing mines are part of the same 4-kilometre long structure", stated Stephen Wallace, CEO.
Saskatchewan Projects Overview
Management and Directors
Stephen Wallace, P.Geo., President, CEO and Director
Mr. Wallace has 35 years experience in the Mineral Exploration and Development industry from field geologist to President, CEO and Corporate Director, employed with Junior through Major companies and government agencies. Mr. Wallace has been the director and executive of multiple public companies including the founding President and CEO of Castle Resources. He was VP Exploration of Trade Winds Ventures, advancing the Block A gold deposit to over 4 million ounces, which was subsequently bought by Detour Gold for $84 million and will become Detour Gold’s planned West Detour open pit mine in 2023.
Brian Crawford, CPA, CA, Chief Financial Officer
Mr. Crawford has over 30 years experience as a senior financial executive of private and public corporations. Mr. Crawford is currently the CFO, Corporate Secretary and a Director of several reporting issuers.
Alfred (Alf) Stewart, B.Sc. Geology, MBA, Chairman, Director, VP Corporate Development
Mr. Stewart has a career spanning over 40 years in the resource and investment industries. He has worked for such firms as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood Securities, Golden Capital, and Raymond James. He has been involved in financing mining companies for over twenty-five years, including discoveries in the base and precious metals sectors.
Peter A. Ball, Independent Director
Mr. Ball has close to 30 years of experience as a mining professional at all levels of leadership.
John Kerr, P.Eng., Geologist, Independent Director
Mr. Kerr has participated in the mining industry continuously as an exploration geologist. He is currently a Director of Quaterra Resources, Eureka Resources and Bravada Gold Corp.
Peter Dueck, P.Geo., Independent Director
Mr. Dueck has been involved in the resource exploration industry since 2001, working with a variety of gold, copper, zinc and uranium companies.
On October 7, 2021, Searchlight Resources Inc. has released the results of outcrop samples collected during preliminary fieldwork visits to the Robinson Creek gold project in Saskatchewan. Searchlight samples up to 19.31 g/t Au at Robinson Creek gold target.
On September 27, 2021, Searchlight Resources Inc. announced that Searchlight has completed initial fieldwork and an airborne geophysics survey on the Robinson Creek gold project in Saskatchewan.
On September 15, 2021, Searchlight Resources Inc. has confirmed that field exploration is underway on the Company's Kulyk Lake rare earth element (REE) project in Saskatchewan.
A geological team is presently on the Kulyk Lake REE property, prospecting, mapping and sampling to confirm and expand the 2009 and 2010 reported results. The Kulyk Lake claim block covers 105.4 sq km over a 35-km length, covering 21 REE showings including the Kulyk Lake target.
In addition to the ongoing field work, a contract has been signed with Special Projects Inc. of Calgary, Alberta, to conduct high resolution aeromagnetic and radiometric surveys covering approximately 39 sq. km of the claim area. This program is planned for the second half of September 2021.