Searchlight Resources – Focus on Saskatchewan
Searchlight Resources Inc. (TSX.V:SCLT; US:CYNCF) 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 focus is on gold and battery minerals throughout the Province, concentrating on projects with road access.
Searchlight Resources holds a 427.6 square kilometre land position within the gold and base metal rich Flin Flon – Snow Lake Greenstone Belt. The Company is currently advancing its flagship Bootleg Lake Gold Project which hosts four past-producing high-grade gold mines, and is located near the town of Creighton, Saskatchewan and approximately 7 km from Flin Flon, Manitoba.
Bootleg Lake Gold Project, Saskatchewan
The Bootleg Lake gold project hosts high-grade gold and base-metal volcanogenic massive sulfide (VMS) targets. Searchlight Resources holds a 51-percent interest in the 54.3 square kilometer property. Historic resource estimates are available for three past-producing gold mines; Bootleg/Rio, Henning-Maloney and Newcor gold mines. The Rio Mine has a modern decline tunnel 1.5 kilometers in length, complete with underground stope development which is potentially useful for underground exploration and/or production following a dewatering and rehabilitation program. There are also a number of additional gold and copper occurrences on the property. Excellent exploration infrastructure is in place, offering the potential for lower cost exploration and development at Bootleg Lake.
Additional Saskatchewan Exploration Projects
In addition to the Bootleg Lake Gold Project, Searchlight has carried out detailed data driven exploration in Saskatchewan, following up with staking and optioning high quality projects at low cost. Table 1 lists Searchlight Resources’ current holdings in Saskatchewan.
Table 1. Current holdings of Searchlight Resources in Saskatchewan