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 > New Rumour

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Post by AlmightyVoiceon Jun 07, 2018 1:03pm

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Post# 28140393

New Rumour

RUMOUR ONLY

SGO (Seabee Gold Operation) owned by SSR (Silver Standard Resources) is interested in or has reviewed project data.

Not too surprising because CNC has little cash in the till

Also only have an option on a percentage of this project (NMM) has the balance.

CNC has more land in the play which might be of interst to SSR.

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