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Searchlight Resources Inc. (CNYCF) announced the initiation of field exploration on its Kulyk Lake Rare Earth Element project, located in Saskatchewan. The geological team is prospecting and sampling to validate historical results from 2009-2010, which showed high percentages of Total Rare Earth Oxides (TREO). Additionally, a contract has been signed for aeromagnetic and radiometric surveys over 39 sq km of the claim area. The project encompasses 105.4 sq km with 21 REE showings. CEO Stephen Wallace expressed optimism about verifying the site's potential.
Searchlight Resources has successfully earned a 75% interest in the Bootleg Lake Gold project, located in Saskatchewan, with significant past-producing gold mines. The company completed required payments and $750,000 in exploration expenditures. Future discussions are taking place to acquire the remaining 25%. Encouraging drilling results have expanded known gold zones, with notable intersections including 31.59 g/t gold over 1.0 m. Searchlight aims to advance its portfolio of mineral projects in a top mining jurisdiction.
Searchlight Resources Inc. has announced the completion of staking on three rare earth projects in Northern Saskatchewan. This includes expanding the Kulyk Lake project from 61.1 sq km to 105.4 sq km, the Bear Lake project from 12.6 sq km to 21.8 sq km, and the initial staking of the Miller Lake target covering 19.1 sq km. Notable geochemical results from Kulyk Lake showed up to 45.1% TREO. The Miller Lake sampling yielded 2,792 ppm Total Rare Earth Elements, one of the highest values in Canada. The company is preparing for airborne geophysics and a 43-101 technical report.
Searchlight Resources Inc. has received acceptance from the TSX Venture Exchange for its option agreement to acquire a 100% interest in the Robinson Creek Gold Project near Creighton, Saskatchewan. The project features extensive historical exploration, including over 75 drill holes with notable gold intersections. Searchlight will pay $25,000 and issue 500,000 shares as part of the agreement. The Company aims to leverage historical data for future exploration and resource estimation. Management stresses that historical results are not verified and additional investigation will be conducted.
Searchlight Resources Inc. announced the exercise of 7,292,000 flow-through share purchase warrants, raising $364,600. The funds will support exploration on gold, copper, and battery metals properties, particularly at the Kulyk Lake Critical Rare Earth property and the Bootleg Lake Gold Property.
CEO Stephen Wallace expressed optimism regarding the company's ability to expand its exploration program in Saskatchewan, which is rated as a favorable mining jurisdiction.
Searchlight Resources announces positive results from its recent drill program at the Henning-Maloney gold target in Saskatchewan. The drilling, covering 601 metres, revealed multiple gold intersections across all three holes. Notable finds include a high-grade intersection of 31.59 g/t gold over 1.0 metre. This program has successfully tripled the known depth of mineralization, with the deepest intersection at 140 m. The company plans further drilling to explore additional prospects in the Bootleg claims area.
Searchlight Resources announces the expansion of the Kulyk Lake Rare Earth Project by adding 36.4 sq km, bringing the total to 61.1 sq km. This area now encompasses 19 rare earth showings, including high-grade samples with a total rare earth oxide (TREO) of 56.18% and critical rare earth oxide (CREO) of 12.49%. The project benefits from increased governmental interest in rare earth elements, especially Neodymium and Dysprosium, amidst the development of Canada’s first Rare Earth Processing Facility in Saskatchewan.
Searchlight Resources Inc. (CNYCF) announced that creditors have accepted 1,083,333 common shares as settlement for $97,500 in outstanding liabilities, equating to $0.09 per share. The share conversions are pending TSXV approval, with closing to occur immediately after. The company focuses on mineral exploration in Saskatchewan, particularly gold and battery minerals, with significant holdings in the Flin Flon - Snow Lake Greenstone Belt. Noteworthy projects include the Bootleg Lake Gold Project, near past high-grade gold mining sites.
Searchlight Resources Inc. has completed a drill program on the Beatty South target, located 15 km northwest of Creighton, Saskatchewan. A single NQ diamond drill hole, measuring 207 metres, was finished, and a borehole electromagnetic survey is currently underway. This project is part of a broader exploration initiative incorporating advanced geophysical techniques. Searchlight holds a significant land position in the Flin Flon - Snow Lake Greenstone Belt, with ongoing advancements in its Bootleg Lake Gold Project.
Searchlight Resources Inc. has completed its initial drilling program at the Henning-Maloney gold target in Saskatchewan, consisting of three diamond drill holes totaling 601 meters. Drilling results are expected to align with historical data from 1964. The drill is now being moved to the Beatty South VMS copper target, which has promising geophysical signatures for mineralization. The company also issued stock options for 2,050,000 shares at $0.10, valid until March 12, 2026, subject to regulatory approval.
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