Searchlight Resources Stakes in the Athabasca Basin
Searchlight Resources (TSXV: SCLT) (OTC Pink: SCLTF) has announced the staking of two new mineral claims in the Eastern Athabasca Basin, Saskatchewan. The claims, MC00019721 and MC00019725, cover 3,902.8 hectares and are located 45 kilometers north of the Cigar Lake Uranium Mine.
The strategic location offers key advantages: proximity to Highway 905 (less than 5km), access to Northern Saskatchewan hydro electrical infrastructure, and borders with Denison Mines Corp. Historical diamond drill holes in adjacent northern claims have shown anomalous uranium and rare earth values.
These claims complement Searchlight's uranium portfolio, which includes the Duddridge Lake Uranium Deposit. This deposit has a historical 43-101 inferred resource of 227,880 tonnes at 2.14 lbs/tonne U3O8, with historic boulder samples showing values of 9.8% U3O8, 1.6% Cu, 0.2% V, 0.2 oz/ton Au, and 7.0 oz/ton Ag.
Searchlight Resources (TSXV: SCLT) (OTC Pink: SCLTF) ha annunciato l'acquisizione di due nuovi diritti minerari nella parte orientale del Bacino di Athabasca, Saskatchewan. I diritti, MC00019721 e MC00019725, coprono 3.902,8 ettari e si trovano a 45 chilometri a nord della miniera di uranio Cigar Lake.
La posizione strategica offre vantaggi chiave: prossimità all'Autostrada 905 (meno di 5 km), accesso alle infrastrutture idroelettriche del Saskatchewan settentrionale e confini con Denison Mines Corp. I fori di perforazione storici nei diritti adiacenti a nord hanno mostrato valori anomali di uranio e terre rare.
Questi diritti completano il portafoglio di uranio di Searchlight, che include il Deposito di Uranio di Duddridge Lake. Questo deposito ha una risorsa storica inferita 43-101 di 227.880 tonnellate a 2,14 lbs/tonnellata di U3O8, con campioni storici di massi che mostrano valori di 9,8% U3O8, 1,6% Cu, 0,2% V, 0,2 oz/ton Au e 7,0 oz/ton Ag.
Searchlight Resources (TSXV: SCLT) (OTC Pink: SCLTF) ha anunciado la adquisición de dos nuevos reclamos minerales en la parte oriental de la Cuenca de Athabasca, Saskatchewan. Los reclamos, MC00019721 y MC00019725, cubren 3,902.8 hectáreas y se encuentran a 45 kilómetros al norte de la Mina de Uranio Cigar Lake.
La ubicación estratégica ofrece ventajas clave: proximidad a la Carretera 905 (menos de 5 km), acceso a la infraestructura hidroeléctrica del norte de Saskatchewan y límites con Denison Mines Corp. Los agujeros de perforación históricos en los reclamos adyacentes del norte han mostrado valores anómalos de uranio y tierras raras.
Estos reclamos complementan el portafolio de uranio de Searchlight, que incluye el Depósito de Uranio de Duddridge Lake. Este depósito tiene un recurso inferido histórico 43-101 de 227,880 toneladas a 2.14 lbs/tonelada de U3O8, con muestras históricas de bloques que muestran valores de 9.8% U3O8, 1.6% Cu, 0.2% V, 0.2 oz/ton Au y 7.0 oz/ton Ag.
서치라이트 리소스 (TSXV: SCLT) (OTC Pink: SCLTF)는 사스카추완 동부의 아타바스카 분지에 두 개의 새로운 광물 권리를 획득했다고 발표했습니다. 권리 MC00019721 및 MC00019725는 3,902.8헥타르를 커버하며, 시가 호수 우라늄 광산에서 북쪽으로 45킬로미터 떨어져 있습니다.
전략적 위치는 주요 이점을 제공합니다: 고속도로 905와의 근접성(5km 미만), 사스카추완 북부의 수력 전기 인프라 접근성, 그리고 데니슨 마인스 코퍼레이션과의 경계. 인접한 북부 권리에서의 역사적인 다이아몬드 드릴 홀은 비정상적인 우라늄 및 희토류 값을 보여주었습니다.
이 권리는 서치라이트의 우라늄 포트폴리오를 보완하며, 여기에는 더드리지 레이크 우라늄 매장지가 포함됩니다. 이 매장지는 43-101 역사적 추정 자원 227,880톤에 대해 톤당 2.14파운드 U3O8를 보유하고 있으며, 역사적인 바위 샘플은 9.8% U3O8, 1.6% Cu, 0.2% V, 0.2 oz/ton Au 및 7.0 oz/ton Ag의 값을 보여주었습니다.
Searchlight Resources (TSXV: SCLT) (OTC Pink: SCLTF) a annoncé la revendication de deux nouveaux permis miniers dans la partie orientale du Bassin d'Athabasca, Saskatchewan. Les permis, MC00019721 et MC00019725, couvrent 3 902,8 hectares et sont situés à 45 kilomètres au nord de la mine d'uranium de Cigar Lake.
La position stratégique offre des avantages clés : proximité de la route 905 (moins de 5 km), accès à l'infrastructure hydroélectrique du nord de la Saskatchewan et frontière avec Denison Mines Corp. Des forages historiques dans des permis adjacents au nord ont montré des valeurs anormales d'uranium et de terres rares.
Ces permis complètent le portefeuille d'uranium de Searchlight, qui inclut le Dépôt d'Uranium de Duddridge Lake. Ce dépôt a une ressource historique inférée 43-101 de 227 880 tonnes à 2,14 lbs/tonne de U3O8, avec des échantillons historiques montrant des valeurs de 9,8 % U3O8, 1,6 % Cu, 0,2 % V, 0,2 oz/ton Au et 7,0 oz/ton Ag.
Searchlight Resources (TSXV: SCLT) (OTC Pink: SCLTF) hat die Beantragung von zwei neuen Mineralansprüchen im östlichen Athabasca-Becken, Saskatchewan, bekannt gegeben. Die Ansprüche, MC00019721 und MC00019725, umfassen 3.902,8 Hektar und befinden sich 45 Kilometer nördlich der Cigar Lake Uranmine.
Die strategische Lage bietet entscheidende Vorteile: Nähe zur Highway 905 (weniger als 5 km), Zugang zur hydroelektrischen Infrastruktur in Nord-Saskatchewan und Nachbarschaft zu Denison Mines Corp. Historische Diamantbohrlöcher in angrenzenden nördlichen Ansprüchen haben anomale Uran- und Seltene-Erden-Werte gezeigt.
Diese Ansprüche ergänzen das Uranportfolio von Searchlight, das das Duddridge Lake Uranium Deposit umfasst. Dieses Vorkommen hat eine historische 43-101 geschätzte Ressource von 227.880 Tonnen bei 2,14 lbs/Tonne U3O8, wobei historische Blockproben Werte von 9,8 % U3O8, 1,6 % Cu, 0,2 % V, 0,2 oz/Tonne Au und 7,0 oz/Tonne Ag zeigen.
- Strategic location near existing uranium mining infrastructure
- Direct access to highway and electrical infrastructure reducing development costs
- Historical drill holes in adjacent claims show uranium and rare earth potential
- Expansion of uranium portfolio with new claims in high-grade Athabasca Basin
- New claims require detailed geological evaluation before determining actual value
- Duddridge Lake resource estimates are historical and not current
- Loss of director Bruce Fair from the board
- New Staking in Eastern Athabasca Basin
- 2 new claims covering 3,902.8 hectares (39.0 sq km)
- Within 2 km of anomalous uranium and REE drill holes
- Close to road and electrical infrastructure
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce the staking of two mineral claims in the Eastern Athabasca Basin in Northern Saskatchewan, located approximately 45 kilometres north of the Cigar Lake Uranium Mine, and 5 kilometres west of Highway 905.
During a recent Saskatchewan claim reopening, Searchlight staked claims MC00019721 and MC00019725, covering 3,902.8 hectares within the Athabasca Basin which hosts the highest-grade operating Uranium mines in the world. The claims are less than 5 km west of Highway 905, and the Northern Saskatchewan hydro electrical line to Stony Rapids runs through the claims.
The new claims are bordered on the north, west and east by Denison Mines Corp. and several historical diamond drill holes with anomalous uranium and rare earth values are located on claims to the north (Map 1). Searchlight will soon begin detailed geological evaluation of these new claims, and planning for future exploration.
"These claims align with Searchlight's exploration strategy of generating new critical element projects by staking", stated Stephen Wallace, P. Geo, President and CEO of Searchlight.
These claims are now part of the Searchlight's uranium project portfolio, which includes the Duddridge Lake Uranium Deposit with a historic 43-101 inferred resource estimate of 227,880 tonnes, and a grade of 2.14 lbs/tonne U3O8 (Fission Energy Corp, 2007). Additionally, assays of
Map 1. Searchlight Claims MC00019721 and MC00019725
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Director Resignation
Bruce Fair has resigned as a director of the Company. The Company wishes Mr. Fair well in his future endeavours.
Data Source
The 43-101 technical report completed by Fission Energy Corp, titled "Report on the Duddridge Lake Uranium Property, Northern Saskatchewan, NTS 73O/9", was submitted by Stuart C. Fraser, P. Geol. on June 15, 2007.
The Duddridge Lake Uranium deposit technical report was not commissioned or completed by Searchlight and therefore is being treated as a historical resource estimate under 43-101 disclosure. The historical resource estimate used "inferred mineral resource", which is a category of NI 43-101. As a result, Searchlight considers the historical resource estimate as reliable as well as relevant as it represents a key target for work to be done by Searchlight. Searchlight has not undertaken any independent investigation of the resource estimates, nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and the Company is not treating the historical estimate as a current resource.
Qualified Person
Stephen Wallace, P.Geo., 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 - Where the Critical Elements Supply Chain Begins
Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. The Company's exploration model of Project Generation coupled with Targeted Exploration, focuses on battery minerals and gold throughout the province.
On behalf of the Board of Directors,
"Stephen Wallace"
Stephen Wallace, President, CEO and Director
SEARCHLIGHT RESOURCES INC.
For further information, visit the Company's website at www.searchlightresources.com or contact:
Searchlight Resources Inc.
Alf Stewart, VP Corporate Development
(604) 331-9326
info@searchlightresources.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244836
FAQ
What is the size and location of Searchlight Resources' (SCLTF) new mineral claims in Athabasca?
What infrastructure advantages do SCLTF's new Athabasca claims have?
What are the historical resource estimates for SCLTF's Duddridge Lake Uranium Deposit?
What are the highest reported mineral grades from historical boulder samples at SCLTF's Duddridge project?
