Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold Property
Searchlight Resources (OTC:SCLTF) has completed the acquisition of a 100% interest in the Robinson Creek Gold project in Saskatchewan, Canada. The property, located 16 km west of Creighton and Flin Flon, consists of 2 claim blocks covering 2.9 square km.
The project features an Initial Exploration Target of 77,000-154,000 ounces of gold, with estimated grades between 1.20-1.60 g/t across 2-3 million tonnes of ore. Historical drilling results show significant gold intersections, including 2.46 g/t gold over 57.60m. The acquisition includes a 2% NSR royalty, with Searchlight retaining the right to purchase 1.5% of the NSR for $2,250,000.
The Robinson Creek project's proximity to Searchlight's Bootleg Lake Gold project (15 km) presents potential operational synergies, particularly for shared processing facilities.
Searchlight Resources (OTC:SCLTF) ha completato l'acquisizione del 100% dell'area aurifera Robinson Creek Gold project in Saskatchewan, Canada. La proprietà, situata a 16 km a ovest di Creighton e Flin Flon, è composta da 2 blocchi di concessioni per un totale di 2,9 km².
Il progetto presenta un obiettivo esplorativo iniziale di 77.000-154.000 once d'oro, con tenori stimati tra 1,20-1,60 g/t su 2-3 milioni di tonnellate di minerale. I sondaggi storici evidenziano intersezioni aurifere significative, tra cui 2,46 g/t su 57,60 m. L'acquisizione include una royalty NSR del 2%, con Searchlight che mantiene il diritto di riacquistare 1,5% della NSR per 2.250.000 $.
La vicinanza del progetto Robinson Creek al Bootleg Lake Gold project di Searchlight (15 km) apre a potenziali sinergie operative, in particolare per l'utilizzo condiviso di impianti di trattamento.
Searchlight Resources (OTC:SCLTF) ha completado la adquisición del 100% del Robinson Creek Gold project en Saskatchewan, Canadá. La propiedad, situada a 16 km al oeste de Creighton y Flin Flon, consta de 2 bloques de concesiones que cubren 2,9 km².
El proyecto presenta un objetivo de exploración inicial de 77.000-154.000 onzas de oro, con leyes estimadas entre 1,20-1,60 g/t en 2-3 millones de toneladas de mineral. Los sondeos históricos muestran intersecciones importantes de oro, incluida 2,46 g/t sobre 57,60 m. La adquisición incluye una regalía NSR del 2%, y Searchlight conserva el derecho a comprar 1,5% de la NSR por 2.250.000 $.
La proximidad del proyecto Robinson Creek al Bootleg Lake Gold project de Searchlight (15 km) ofrece posibles sinergias operativas, especialmente para instalaciones de procesamiento compartidas.
Searchlight Resources (OTC:SCLTF)가 캐나다 서스캐처원에 있는 Robinson Creek Gold project의 100% 지분 인수를 완료했습니다. 해당 부지는 Creighton과 Flin Flon에서 서쪽으로 16km 떨어진 위치에 있으며, 2개의 광권 블록으로 총 2.9km²를 차지합니다.
해당 프로젝트는 초기 탐사 목표량 77,000–154,000온스의 금을 제시하며, 추정 등급은 1.20–1.60 g/t로 2–3백만 톤의 광석에 해당합니다. 과거 시추 결과에는 57.60m 구간에서 2.46 g/t 금 등 유의미한 금 교차가 포함되어 있습니다. 인수에는 2% NSR 로열티가 포함되며, Searchlight는 NSR의 1.5%를 2,250,000달러에 매입할 권리를 보유합니다.
Robinson Creek 프로젝트는 Searchlight의 Bootleg Lake Gold project와 15km로 인접해 있어, 특히 처리 설비 공동 활용 등 운영적 시너지가 기대됩니다.
Searchlight Resources (OTC:SCLTF) a finalisé l'acquisition de 100 % du Robinson Creek Gold project en Saskatchewan, Canada. La propriété, située à 16 km à l'ouest de Creighton et Flin Flon, se compose de 2 blocs de claims couvrant 2,9 km².
Le projet présente un objectif d'exploration initial de 77 000–154 000 onces d'or, avec des teneurs estimées entre 1,20–1,60 g/t sur 2–3 millions de tonnes de minerai. Les forages historiques montrent des intersections aurifères significatives, notamment 2,46 g/t sur 57,60 m. L'acquisition comprend une redevance NSR de 2 %, Searchlight conservant le droit d'acheter 1,5 % de la NSR pour 2 250 000 $.
La proximité du projet Robinson Creek avec le Bootleg Lake Gold project de Searchlight (15 km) offre des synergies opérationnelles potentielles, notamment pour le partage d'installations de traitement.
Searchlight Resources (OTC:SCLTF) hat den Erwerb einer 100%igen Beteiligung am Robinson Creek Gold project in Saskatchewan, Kanada, abgeschlossen. Das Grundstück liegt 16 km westlich von Creighton und Flin Flon und umfasst 2 Claim-Blöcke mit insgesamt 2,9 km².
Das Projekt weist ein anfängliches Explorationsziel von 77.000–154.000 Unzen Gold auf, mit geschätzten Gehalten zwischen 1,20–1,60 g/t über 2–3 Millionen Tonnen Erz. Historische Bohrdaten zeigen bedeutende Goldabschnitte, darunter 2,46 g/t Gold über 57,60 m. Die Übernahme umfasst eine 2% NSR-Royalty; Searchlight behält sich das Recht vor, 1,5% der NSR für 2.250.000 $ zurückzukaufen.
Die Nähe des Robinson Creek-Projekts zum 15 km entfernten Bootleg Lake Gold project von Searchlight eröffnet potenzielle betriebliche Synergien, insbesondere bei gemeinsamen Aufbereitungsanlagen.
- Initial Exploration Target of 77,000-154,000 oz gold, with potential for expansion
- Strong historical drilling results with multiple wide gold intersections
- Strategic location 15km from existing Bootleg Lake project enabling potential shared processing
- Acquisition completed during period of near-record gold prices
- 100% ownership acquired with option to reduce NSR burden
- Historical data requires modern verification and NI43-101 resource estimate
- Additional capital required for drilling and engineering studies
- 2% NSR royalty burden on future production
- Requires $2.25M to reduce NSR burden by 1.5%
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that it has completed the required payments and shares issuance to earn a
The Robinson Creek Gold project consists of 2 claim blocks covering 2.9 square km, located approximately 15 km northwest of Searchlight's Bootleg Lake Gold project (Map 1). In May 2021, Searchlight entered into an option agreement to acquire
The Company has conducted historical data compilation, surface sampling, and an airborne geophysics survey of the property. Further, Searchlight commissioned a study, which calculated an Initial Exploration Target of between 77,000 and 154,000 ounces of gold at Robinson Creek. The next phase of exploration will include diamond drilling to produce data for a modern NI43-101 resource estimate, and an engineering study which will exam the possibility of an open pit mine at Robinson Creek.
"This gives Searchlight a
Robinson Creek Highlights
- Initial Exploration Target of 77,000 - 154,000 oz gold, open along strike and to depth.
- 2 - 3 million tonnes ore, with gold grades between 1.20 g/t and 1.60 g/t.
- 15 km from Bootleg Lake brownfield mine site, allowing for shared processing.
- Compilation of over 70 historical drill holes from the 1940s and 1980s.
- Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000 m along the Mosher Lake Shear Zone.
- 60 drill holes have gold intersections greater than 1 g/t gold.
- 45 gold intersections have greater than 2.0 g/t gold over at least one metre.
- Multiple wide gold intersections:
2.46 g/t gold over 57.60 m in DDH 81-2
7.59 g/t gold over 10.94 m in DDH HB-6
3.80 g/t gold over 21.00 m in DDH R07-1
2.15 g/t gold over 32.00 m in DDH 81-1
Map 1. Searchlight Resources Robinson Creek and Bootleg Lake claims, Saskatchewan.
To view an enhanced version of this graphic, please visit:
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Compilation Disclaimer: Management cautions that the presented drill sample results are historical in nature, and Searchlight has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the previous exploration work to verify the results. Searchlight considers these sample results relevant, as the Company uses historical reports and sample results to evaluate and plan future exploration programs. All drill intercepts are drill-indicated lengths. Insufficient technical information exists to demonstrate the true widths of these intersections. The technical information is derived from public documents available through the Saskatchewan Government Ministry of Energy and Resources.
Initial Exploration Target Disclaimer: The potential quantity and grades are conceptual in nature. There has been insufficient exploration drilling to define a mineral resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.
About Searchlight Resources Inc.
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. Exploration focus is on battery minerals and gold throughout the province, concentrating on projects with nearby infrastructure.
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, Chairman
(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.
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FAQ
What is the gold resource potential at Searchlight's Robinson Creek project?
What are the key terms of SCLTF's Robinson Creek acquisition?
What are the significant historical drill results at Robinson Creek?
How does the Robinson Creek project align with Searchlight's existing assets?
What is the next phase of exploration planned for Robinson Creek?
