Searchlight Minerals Corp SRCH

Metals & Mining Industrial Metals & Minerals

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.

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Searchlight Minerals Corp > One more thought

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Comment by AlmightyVoiceon May 27, 2018 10:57am

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

I know what you’re saying but it doesn’t apply here in this instance.

If they’re holding back assays due to some lab verification process, maybe ok, to delay getting more land, not ok. Anyway, they’ve already got more land.

There have been a number of legal actions against a number of junior companies for not making timely disclosure of relevant news.

That is why, unless they’re really stupid, I don’t think the next round of assays will be any good. Everyone that sold while waiting for disclosure of the Newcor assays has a valid legal claim against CNC. The longer they fuddle around writing the next news release, the bigger the liability.

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