Welcome to our dedicated page for Searchlight Res news (Ticker: SCLTF), a resource for investors and traders seeking the latest updates and insights on Searchlight Res stock.
Searchlight Resources Inc. (SCLTF) delivers focused mineral exploration across Canada's prime mining jurisdictions. This news hub provides investors and industry observers with direct access to official corporate developments, technical updates, and strategic initiatives.
Track critical updates from the Bootleg Lake gold project, Kulyk Lake uranium targets, and Saskatchewan exploration programs. Our repository includes drilling results, geophysical survey analyses, partnership announcements, and regulatory filings - all essential for understanding the company's progress in discovering battery metals and critical minerals.
Key updates cover resource estimation reports, option agreement details, and exploration methodology innovations like Mobile Metal Ion surveying. Bookmark this page for streamlined access to Searchlight's evolving position in uranium exploration and gold discovery efforts across established Canadian mining corridors.
Searchlight Resources Inc. (TSXV:SCLT)(OTCQB:SCLTF) has secured TSX Venture Exchange approval to acquire a 25% interest plus a 1.0% NSR in the Bootleg Lake Gold property from New Moon Minerals Corp. The acquisition will be executed through the issuance of 6,000,000 common shares of Searchlight, which will be subject to a four-month hold period. The Bootleg Lake Gold property is strategically located in Saskatchewan, a top-ranked area for mining investment in Canada, and aligns with Searchlight's focus on battery minerals and gold exploration.
Searchlight Resources Inc. (TSXV:SCLT)(OTCQB:SCLTF) recently announced the acquisition of a 25% interest in the Bootleg Lake Gold property from New Moon Minerals Corp., approved by shareholders on March 16, 2023. This deal grants Searchlight 100% ownership of the Bootleg Lake property, located near Flin Flon, Manitoba. To complete the transaction, Searchlight will issue 6,000,000 common shares to New Moon, pending TSX acceptance. The Bootleg property includes multiple high-grade gold targets and benefits from established infrastructure. This acquisition simplifies ownership and supports further exploration in the promising Flin Flon Gold Camp.
Searchlight Resources Inc. (SCLTF) announced significant results from metallurgical tests on a monazite-bearing rock sample from the Kulyk Lake project. The sample contained 33.6% TREO and 7.3% CREO. Results indicate that the sample can be concentrated through various methods, achieving +60% TREO in the coarse fraction and 49.8-52.8% TREO in the fine fraction. A recovery rate of 98% for the coarse fraction and up to 89% for the fine fraction was achieved. These findings indicate the commercial viability of the Fanta Showing, prompting further exploration and drilling.
Searchlight Resources Inc. (TSXV:SCLT, OTCQB:SCLTF) announced the staking of seven pegmatite occurrences in Saskatchewan, expanding its portfolio in a region known for Lithium-Cesium-Tantalum (LCT) pegmatites. Five occurrences host Beryllium and Tourmaline, key pathfinder minerals. The staked areas include significant claims near known mineral fields, covering a total of 38,406 hectares. The company plans further exploration on these claims, aiming to capitalize on Saskatchewan's growing reputation as a hub for lithium exploration. CEO Stephen Wallace emphasized the strategic importance of these efforts in enhancing the company's footprint in critical minerals.
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