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Searchlight Innovations Inc T.SLX


Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues.


TSXV:SLX.P - Post by User

Comment by sunwoodon Sep 28, 2011 3:51pm
260 Views
Post# 19095066

RE: Grades

RE: Grades  Looking the data over, my layman's impression was as follows:

a)  The grades were certainly not "Bonanza" grades,
b) Even though these holes were drilled from underground where there had been or still was production, it still appeared to be a hit and miss affair. (That ties in, I guess, with the comments about narrow veins.)
c)  A few of the drill holes showed a positive "Dip", which I take to mean they were drilled upwards (?) in the mine roof.  If that is the case, then I guess "NSV" would  indicate that there's not much of value above them.
d)  The better looking results at San Rafael had azimuths in the southwest quadrant, so I assume that's the general direction they're headed.
e) All the holes at St Rafael were quite short, and must have been drilled just ahead of the the mining crews.

e) At  Las Cruz, the drill holes were almost entirely oriented towards the north-east .
f)  The exceptional results in LGS-02 were found less than 2 meters below the surface.  Literally underfoot?

Sunwood  
Silvermex Reports Interim Underground Drill Results From La Guitarra
 Sep 28, 2011
Hole No
Azimuth Dip Length From To Width True Width Au (g/t) AG (g/t) Ag Eq (g/t)
NW Los Angeles
Drilling in the Los Angeles Zone is focused on delineation of mineralized shoots for future production.
 
GMU-95 196 -33 23.5 13.8 15.6 1.8 1.05 1.12 79.8 152.6
GMU-96 199 -30 19.5 8.7 9.15 0.45 0.25 0.7 443 488.5
GMU-99 74 -4 40 0.75 2.1 1.35 1.35 3.53 87 316.5
GMU-100 346 -38 14.5 3.5 4.5 1 0.9 1.7 51 161.5
GMU-101 66 0 42 NSV
GMU-102 174 -3 16.9 NSV
GMU-103 68 -3 34 NSV
GMU-104 3 -1 39 19.45 20.3 0.85 0.81 1.31 59.9 145.1
        21.95 22.25 0.3 0.28 0.3 161 180.5
        24 25.35 1.35 1.3 0.4 154.2 180.2
GMU-105 214 -32 12.4 NSV
GMU-106 257 -1 62.6 45.4 47.1 1.7 1.6 1.29 219.5 303.4
        52.2 53 0.8 0.75 1.15 61.5 136.3
GMU-107 253..91 0 30 Assays Pending
GMU-108 253 -32 3 Assays Pending
GMU-109 260 0   In Progress
Central La Cruz
Drilling is exploration-oriented looking for downward continuation of mineralization that had been mined in the 
past and to test for recently identified parallel structures.          
GMU-88 8 -18 25 4.6 6 1.4 1.2 1.4 170 259.7
        11.4 12 4 1 0.8 299 364
GMU-90 336 -8 26 NSV
GMU-91 42 -26 14.8 1.2 3.05 1.85 1.4 1.85 143.7 201.3
LGS-01 74 -48 169 43.5 44.45 0.95 0.8 1 296.3 356.3
        57.7 58.2 0.5 0.4 0.08 287 291.7
        130.45 131.15 0.7 0.55 1.25 26 100.8
LGS-02 28 -60 90 1.35 1.65 0.3 0.2 68.41 12211 16315.6
        58.4 58.6 0.2 0.15 0.11 152 158.8
        87.1 88.15 1.05 0.9 1.58 6 100.7
LGS-03 42 -44 125 47 47.2 0.2 0.13 0.63 348 385.8
LGS-04 9 21 138 NSV
LGS-05 6 41 90 NSV
LGS-06 24 25 90 43.85 44.35 0.5 0.3 2.19 14 145.4
LGS-07 9 16 74 NSV
SW San Rafael
At San Rafael, where the majority of mining activity is currently focused, 15 holes have been completed and one
is in progress.                  
This first round of holes, the GMU series, was drilled as stope delineation/definition holes to assist mining. 
GMU-85 194 25 31.5 23.8 26.8 3 1.7 0.4 80 106
GMU-86 247 -58 40 NSV
GMU-87 267 2 52 NSV
GMU-89 236 10 31.5 NSV
GMU-92 197 -11 29.5 23.2 26.25 3.05 2.55 1.16 312 348
GMU-93 Abandoned
GMU-94 192 -25 31 Abandoned
GMU-97 244 -31 50.4 37.5 37.8 0.3 0.2 1.5 401 498.5
GMU-98 224 23 15.6 8.4 9 0.6 0.35 0.9 591 649.5
LGS-09 26 -53 80 Assays Pending
LGS-10 77 -43 85 Assays Pending
LGS-11 85 -29 102 Assays Pending
LGS-12 71 -73 105 Assays Pending
LGS-13 99 -58 140 Assays Pending
LGS-14 74 -43 155 Assays Pending
LGS-15 77 -59   In Progress
Ag eq @ 60:1 NSV No Signficant Values
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