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Searchlight Minerals Corp SRCH

Searchlight Minerals Corp. is an exploration stage company, which is engaged in a slag reprocessing project and the acquisition and exploration of mineral properties. The Company is focused on the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona. The Company is involved in separating valuable metals, including gold, high-quality pig iron, and zinc oxide from approximately 20 million tons slag pile left from the United Verde Copper Mine in Jerome, Arizona. It separates out pig iron of 95% or greater purity from the Clarkdale slag creating a glass with residual gold trapped inside from the slag. The Company’s wholly owned subsidiaries include Clarkdale Minerals, LLC and Clarkdale Metals Corp.


PINL:SRCH - Post by User

Comment by SpecCdnon May 27, 2018 12:05pm
41 Views
Post# 28085995

RE:RE:RE:RE:RE:RE:RE:One more thought

RE:RE:RE:RE:RE:RE:RE:One more thought
maybe it's a little bit of everyone is right? They drilled, got surprising results for specific element or mineral. Knowing that they must release assays, they released exactly what the majority of shareholders was waiting for, the Au when it was available. In this time, they began staking more off of preliminary findings, and began the re-assay process. They'll release holes 3 and 4 when they become available (maybe just Au findings again), secure cheap financing, release finalized results of remaining mineral/element content and begin phase 2 drilling plans to try to paint the bigger picture of the formation size, shape and depth..... giving them time to try to plan a proper way ahead... SUPER speculative.... But maybe?
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