Searchlight completes fieldwork in Saskatchewan 2018-10-18 11:54 ET - News Release
Mr. Stephen Wallace reports
SEARCHLIGHT RESOURCES COMPLETES SASKATCHEWAN SAMPLING PROGRAM
Searchlight Resources Inc. has completed fieldwork on recently announced optioned claims located near Creighton, Sask., five kilometres southwest of the city of Flin Flon, Man.
Searchlight's team of geologists have completed a preliminary evaluation of the Curved Lake VMS (volcanogenic massive sulphide) target and Phantom Ledge Lake gold targets, which were acquired in the recently announced option agreement. Option and property details are outlined in the Searchlight press release on the company's website.
This is a first look at the new targets with primary focus on the location of showings based on historical data and initial sampling. At Curved Lake, the team located and sampled past trenches and pits, plus mineralized road cuts on Highway 167. At Phantom Ledge Lake, mineralized outcrop, including quartz veins have been located and sampled, though, due to snow cover, no pits or trenches were located.
In addition, the geologists visited the Dion Lake VMS targets located on company's claims approximately one kilometre southeast of the company's Rio (Bootleg) gold project and seven kilometres south of Hudbay's 777 mine. During the visit, the team located and sampled the area surrounding the past exploration shaft and pits, collecting mineralized and malachite-stained samples.
Stephen Wallace, president and chief executive officer of Searchlight, stated: "It was good to get a team out on the newly optioned targets before winter sets in. This gives the company planning data for next year. The teams successfully visited all proposed targets and samples are now on the way to the lab."
Qualified person
Stephen Wallace, PGeo, is Searchlight's qualified person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
About Searchlight Resources Inc.
Searchlight Resources is a mineral exploration and development company listed on the TSX Venture Exchange. 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 National Instrument 43-101 resource development.
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