Searchlight Resources Mobilizes Drill Rig to the Robinson Creek Gold Project
Searchlight begins a 1,000 m verification drill program at Robinson Creek and grants 1.1 million stock options to insiders and consultants.
Rhea-AI Summary
Searchlight Resources (SCLTF) is mobilizing a diamond drill rig and geological team for a 5-hole, approximately 1,000 metre drill program at the Robinson Creek Gold project in Saskatchewan. The program is designed to verify historical drilling and confirm gold mineralization based on 70 historical drill holes totaling 9,618 metres from the 1940s and 1980s.
The Robinson Creek project comprises 2 claims over 2.9 sq km with three gold zones (Vein, Bleiler, Quartz) along about 1 km of the Mosher Lake Shear Zone. An initial exploration target is stated as 2–3 million tonnes grading 1.20–1.60 g/t gold, described as potentially amenable to open-pit mining, though not yet a mineral resource. Searchlight also granted 1,100,000 stock options exercisable at $0.105 per share until September 9, 2031, vesting immediately.
Positive
- Planned 1,000 m drill program of 5 holes to verify historical mineralization at Robinson Creek
- Historical database of 70 drill holes totaling 9,618 m compiled to guide current drilling
- Initial exploration target of 2–3 million tonnes at 1.20–1.60 g/t gold, described as open-pit amenable
- Multiple historical wide gold intersections, including 2.46 g/t over 57.60 m and 3.80 g/t over 21.00 m
- Location near infrastructure, 16 km from Creighton/Flin Flon and 15 km from Bootleg Lake brownfield mine site
Negative
- Exploration target not yet a resource; insufficient drilling to define a mineral resource and uncertainty if it will be delineated
- Historical drill results unverified; the company has not independently investigated or analyzed the past sampling
- Stock option grant of 1,100,000 shares at $0.105 may create future equity dilution
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Drill program of 5 drill holes totaling 1,000 metres.
- Verifying historical drilling and known mineralized zones.
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that a diamond drill rig and geological team are being mobilized to the Robinson Creek Gold project, located approximately 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba.
Searchlight is mobilizing for a drill program of 5 diamond drill holes totaling approximately 1,000 metres that is designed to verify historic drilling and confirm gold mineralization. The Company has compiled data from 70 historical drill holes (totaling 9,618 metres) from the 1940s and 1980s and has recently completed a summer surface program aimed at locating these past drill hole locations and providing data for the drill program.
"We are excited to start drilling at Robinson Creek to verify historical drilling and known mineralized zones. The planned drilling program is intended to provide modern drill data that are part of the next step in defining a gold deposit at Robinson Creek," stated Stephen Wallace, Searchlight's CEO. "Given the current gold price environment, the Robinson Creek project is becoming an increasingly important asset to Searchlight and its shareholders."
The Robinson Creek Gold project consists of 2 claims covering 2.9 square km, located approximately 15 km northwest of Searchlight's Bootleg Lake Gold claims (Map 1). It is a structurally controlled mesothermal lode gold system comprising three gold zones - the Vein, Bleiler, and Quartz Zones - over a strike length of approximately 1 km along the Mosher Lake Shear Zone.
Robinson Creek Highlights
- Initial Exploration Target ranges from 2 - 3 million tonnes with grades between 1.20 g/t -1.60 g/t gold. Amenable to open-pit mining.
- Located 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba, and 15 km from Searchlight's Bootleg Lake brownfield mine site.
- Compilation of 70 historical drill holes (totaling 9,618 metres) from the 1940s and 1980s.
- Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000m along the Mosher Lake Shear Zone.
- Recent airborne magnetic surveys have outlined exploration potential along strike and south of the known zones.
- 60 drill holes have gold intersections greater than 1.0 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
Disclaimer Drill Compilation: 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.
Disclaimer Initial Exploration Target: 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.
Grant of Options
Searchlight announces that it has granted incentive stock options to officers, directors, advisors and consultants under its Stock Option Plan entitling them to purchase an aggregate of up to 1,100,000 common shares of the Company. The stock options will vest immediately and are exercisable on or before September 09, 2031, at a price of
Map 1. Location of Robinson Creek and Bootleg Lake gold projects.
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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 Inc.
Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) is a Canadian mineral exploration and development company focused on gold in Saskatchewan, Canada, which has been ranked as one of the top 10 locations in the world for mining investment by the Fraser Institute.
Searchlight is pursuing a business plan to develop a consolidated gold mining operation centered on its Rio Gold Mine, a historic brownfield site, with upside potential from the current drilling on the Robinson Creek gold property, the new zones discovered at the Henning Maloney Mine, and now the Mari Lake high-grade property.
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
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 scale and design of the new drill program at Robinson Creek?
The program consists of 5 diamond drill holes totaling approximately 1,000 metres. It is designed to verify historical drilling and confirm gold mineralization in known mineralized zones, using data compiled from 70 historical drill holes totaling 9,618 metres and a recent surface program that located past drill collars.
How is the Robinson Creek Gold project described geologically and geographically?
The Robinson Creek Gold project comprises 2 claims covering 2.9 square kilometres, about 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba, and 15 km northwest of the Bootleg Lake Gold claims. It is described as a structurally controlled mesothermal lode gold system with three zones – the Vein, Bleiler, and Quartz Zones – over roughly 1 km of strike along the Mosher Lake Shear Zone.
What historical drilling results support further exploration at Robinson Creek?
The compilation includes 70 historical drill holes, where 60 holes have gold intersections greater than 1.0 g/t and 45 intersections exceed 2.0 g/t gold over at least one metre. Noted wide intersections include 2.46 g/t gold over 57.60 m (DDH 81-2), 1.59 g/t over 10.94 m (DDH HB-6), 3.80 g/t over 21.00 m (DDH R07-1), and 1.15 g/t over 32.00 m (DDH 81-1), all described as historical drill-indicated lengths.
What cautions does Searchlight provide regarding the historical drill data and exploration target?
Management states that the drill results are historical in nature. Searchlight has not independently investigated the sampling or analyzed previous exploration work to verify the results and notes that there is insufficient technical information to determine true widths of the intersections. For the initial exploration target, the company describes the quantity and grades as conceptual in nature, with insufficient drilling to define a mineral resource and uncertainty whether further exploration will delineate it as a mineral resource.
What are the terms of the incentive stock options that were granted?
The company granted incentive stock options for up to 1,100,000 common shares to officers, directors, advisors and consultants under its Stock Option Plan. The options vest immediately, have an exercise price of $0.105 per share, and are exercisable on or before September 9, 2031.
Who is the Qualified Person for the technical information in this announcement?
Stephen Wallace, P.Geo., the company’s President, CEO and Director, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information in the news release.