Highlights
Expanded Duddridge Lake Claims from 54.4 sq km to 140.7 sq km
Incorporated Sandfly Uranium - Copper showings into the claim block
Airborne Radiometric geophysics survey underway
Searchlight has added 86.3 sq km of claims to the existing
The Company is presently conducting airborne radiometric and aeromagnetic surveys. The surveys are being completed by
'The recent break out of uranium prices highlights Searchlight's Duddridge Uranium deposit, which is the most southerly uranium resource in
The Duddridge Lake Property is described as stratabound uranium and copper mineralization with abundant polymetallic mineral occurrences associated with basal quartz conglomerate and carbonaceous-bearing lenses in red bed (hematitic) arkose. In addition to the historical copper and uranium mineral exploration, Fission Energy located and sampled 39 boulders near the known deposit in 2012. These boulders returned results of up to 1.91% uranium and 0.69% copper, plus 1,460 ppm cobalt and 5,500 ppm vanadium.
About
Searchlight holds a 427.6 square kilometre land position within the gold and base metal rich
Contact:
Tel: (604) 331-9326
Email: 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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