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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

Post by mrcashflowon May 01, 2018 6:42pm
86 Views
Post# 27967200

Price is right

Price is right    Purchased some shares of this company for my portfolio today, I figured the entry point was reasonable and with drill results due by mid month I didn't want to wait any longer. Hard to disregard Stephen Wallace when it comes to an exploration play, his past record has shown he know's what's expected to build shareholder value. Its refreshing to know the government of Saskatchewan is  building awareness of the exploration potential in the area by providing a 2 million dollar airborne geophysical survey in southwest Creighton. Its by no coincidence that Canyon Copper properties sit smack in the middle of the area being surveyed.

  The company has 7,280 Hectares of claims in the area of 4 past producing mines
In July, 2017, the Saskatchewan government re-opened the Creighton area for staking after a period of closure and Canyon staked a total of 13 claims blocks covering 2,851 hectares contiguous to south and west side of the Bootleg Lake Property. With this staking, Canyon increased the claim area to a total area of 3,718 hectares or 37.18 sq. kilometres, a 329% increase in area from their original option agreement.

With drill holes due mid May, expect them to bear fruit, and get the attention of the marketplace. 
The company will be exhibiting at the International Mining Investment Conference taking place May 15-16 in Vancouver at the Vancouver Convention Centre East. I'm sure Mr. Wallace may have a few samples on display at the booth for potential investors to see. Like what this company is doing and with a tightly held float this stock is set to move higher..Happy to be on board..
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