Searchlight Minerals Corp. announced significant technical achievements in gold and iron recovery at its Clarkdale Slag Project. These achievements include, but are not limited to: The determination of precise nature of the gold contained in the slag material.

The addition of a high temperature pre-treatment step that aids in the recovery of the gold and provides a saleable iron byproduct. Up to a 60% extraction of metallic gold from fire assay of ion exchange resin. Based on the achievement, the company believes that the project is commercially viable, if repeatable, at current results.

As previously reported, the company has been working to demonstrate economic feasibility of its Clarkdale Slag Project by successfully operating four major steps of the production process: crushing and grinding, leaching, continuous process operation, and extraction of gold from solution. The current work program has focused primarily on extraction of gold from solution as the company believes the first three steps have shown to be successfully completed.