On
'Bootleg Lake was Searchlight's first project in
The Bootleg property consists of 20 contiguous claims totalling 52 square kilometres, with the core claims in good standing until 2040. The project area hosts four past-producing gold mines, including three mines - Rio, Henning-Maloney and Newcor Gold - with historical resource estimates. Apart from the known deposits, there are multiple additional gold and copper occurrences on the claims, including Volcanogenic Massive Sulphide (VMS) targets.
To advance the property, the Company has completed two drill programs; in 2018 at the
'Searchlight has been encouraged by the exploration results to date, with drilling expanding the zones of known gold mineralization, including results at Henning-Maloney which indicate multiple vein structures starting close to the surface. Furthermore, geophysics suggests that three of the past-producing mines are part of the same 4-kilometre long structure', stated
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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