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. reports on mineral exploration and development projects in Saskatchewan, with recurring coverage centered on gold assets near Creighton, Saskatchewan, and Flin Flon, Manitoba. Company updates include work on the Bootleg Lake, Robinson Creek and Mari Lake gold projects, the past-producing Rio Gold Mine, NI 43-101 technical reports, exploration permits, surface programs, historical drilling and trenching data, and mine-reopening studies.
News also covers portfolio actions such as the completed sale of the Kulyk Lake and Daly Lake critical metals projects, advisory and technical appointments, stock option grants, and the company's broader focus on gold, copper and other critical metals projects with nearby infrastructure in Saskatchewan.
Searchlight Resources Inc. has entered an agreement to acquire a 25% interest and 1% NSR in the Bootleg Lake Gold property from New Moon Minerals Corp.. This acquisition will grant Searchlight 100% ownership of the property located in Saskatchewan, Canada, which spans 4,988 hectares and encompasses four past-producing gold mines. The company plans to issue 6,000,000 shares to New Moon, with the transaction subject to TSX approval. This strategic move aims to simplify ownership and accelerate exploration efforts in a key mining area.
Searchlight Resources has contracted the Saskatchewan Research Council to conduct a Rare Earth Elements (REE) beneficiation study on a monazite sample from its Kulyk Lake project in Saskatchewan. This study aims to identify the most effective processing methods for the high-grade Fanta monazite. The testing will cover chemical analysis and preliminary beneficiation techniques, which include gravity and magnetic separation. The Kulyk Lake project spans 346.7 sq km and showcases multiple REE targets, with historical samples indicating high concentrations of Total Rare Earth Oxides (TREO).
Searchlight Resources Inc. has granted 1,850,000 stock options to its officers, directors, and consultants under its Stock Option Plan. These options are exercisable at $0.06 per share and will vest immediately, expiring on November 11, 2027. The company focuses on mineral exploration in Saskatchewan, particularly in gold, uranium, and battery minerals, leveraging the province's reputation as a top mining investment location. The announcement emphasizes the company's commitment to incentivizing its team while navigating inherent industry risks.
Searchlight Resources Inc. (TSXV:SCLT, OTC PINK:SCLTF) announced successful results from its June 2022 prospecting program at the Kulyk Lake Critical Elements project. Highlights include:
- Uranium Results: 0.067% (670 ppm) and 0.054% (540 ppm) U3O8 from samples.
- Rare Earth Results: 0.95% (9,464 ppm) and 0.85% (8,495 ppm) TREO showing significant rare earth elements.
Phase 2 exploration, featuring a Mobile Metal Ion survey, has commenced to further investigate these findings.