Searchlight appoints Dueck to boar 2018-09-21 02:28 ET - News Release
Mr. Stephen Wallace reports
SEARCHLIGHT RESOURCES ANNOUNCES MR. PETER DUECK P.GEO AS NEW DIRECTOR
Peter Dueck, BSc, MBA, PGeo, has joined the board of directors of Searchlight Resources Inc.
Mr. Dueck has been involved in the resource exploration industry since 2001, working with a variety of gold, copper, zinc and uranium companies. Until early 2018, he held the position of Chief Geophysicist for Hudbay Minerals Inc. in Flin Flon, Manitoba. At present Mr. Dueck is the President of Pioneer Aerial Surveys Ltd a wholly owned subsidiary of Global UAV Technologies, Ltd., which is provides a full spectrum of Unmanned Aerial Vehicle "UAV"-based services and products. He was a founder of Aerial Imaging Resources, Inc. (AIR), a UAV-based geophysical survey company acquired by Global UAV in 2018.
Mr. Dueck holds a B.Sc. in Geophysics from the University of Saskatchewan as well as an MBA from the University of Wales. His MBA Dissertation is titled: "Tracking the Cyclical Valuation of the Canadian Junior Resource Sector" focusing on long term exploration trends and strategies in contrast with commodity prices.
Stephen Wallace, President and CEO of Searchlight stated "Along with the rest of the Searchlight Board of Directors and management I welcome Peter to the company. His detailed knowledge of the Flin Flon Greenstone Belt, his work as an innovator in the exploration industry and strong understanding of the Junior Resource Sector will add strength to the company going forward."
New Airborne Geophysical Survey Data in the Creighton-Flin Flon Area
On September 18, 2018 the Government of Saskatchewan announced that airborne electromagnetic, magnetic, and gravity gradient surveys were flown over areas west of the border with Manitoba in vicinity of Creighton-Flin Flon during the summer of 2018. The electromagnetic and associated magnetic surveys were funded by the Government of Saskatchewan as part of its Mineral Development Strategy announced in October. The gravity gradient and associated magnetic surveys were funded by Natural Resources Canada's Targeted Geoscience Initiative (TGI).
Searchlight initially optioned 4 claim blocks (867 hectares) in the Creighton-Flin Flon area of Saskatchewan in May 2017. As a result of selective staking, Searchlight now holds a total of 33 claim blocks (16,364 hectares) in the Creighton Denare Beach area, see claim map below.
When available this month, the data from the airborne surveys will be integrated with existing geophysics data from the area and form a component of a cooperative geoscience project by the Saskatchewan Geological Survey, the Geological Survey of Canada, and the Manitoba Geological Survey to better understand the context of base and precious metal mineralization in the area.
Stephen Wallace, President and CEO of Searchlight stated "The Creighton area has been the focus of Searchlight for the past year and the company is awaiting this new information with great interest"
Samuels Lake
Searchlight has advised ProAm Explorations Inc., that is it has terminated the Samuels Lake option agreement.
About Searchlight Resources Inc.
Searchlight Resources Inc.("Searchlight" or the "Company") is professional mineral exploration and development company listed on the Toronto Venture Exchange (TSXV). The company is active with mineral exploration projects in Saskatchewan, Ontario and Nevada, three of the top seven jurisdictions in the world for mining investment as ranked by the Fraser Institute. The Company holds a portfolio of gold, cobalt and base metal projects from grassroots stage to advanced exploration and NI43-101 resource development.
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