Business
Searchlight Resources Acquires Additional Claims at Kulyk Lake
VANCOUVER, BC / ACCESSWIRE / November 8, 2021 / Searchlight Resources Inc. ("Searchlight" or...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Acquires Additional Claims at Kulyk LakeVANCOUVER, BC / ACCESSWIRE / November 8, 2021 / Searchlight Resources Inc. (\"Searchlight\" or the \"Company\") (TSXV:SCLT)(OTC:CNYCF)(FSE:2CC2) has completed additional staking on the Kulyk Lake Rare Earth and Uranium projects located approximately 165 kilometres north of La Ronge, Saskatchewan, and 65 km south of the Key Lake Mine.HighlightsExpand Kulyk Lake Claims from 105.4 sq km to 317.1 sq kmAddition of Ms. Holly Millar as Director of Corporate CommunicationsResignation of Director Peter BallThe Kulyk Lake claim block has been expanded from 105.4 sq km to 317.1 sq km (Map 1). This block covers 38 Rare Earth, Uranium and Thorium showings. This includes the Kulyk Lake trenching, which yielded results of 45.1% TREO and 10.08% CREO over 0.6 metres, and 24.44% TREO and 5.49% CREO over 0.7 metres. (Note: TREO = Total Rare Earth Oxides and CREO = Critical Rare Earth Oxides which is the sum of Pr6O11 + Nd2O3 + Tb4O7 + Dy2O3.)\"Searchlight has consolidated its claim position in Kulyk Lake in the wake of a significant uranium-based staking rush in Saskatchewan\", stated Stephen Wallace, CEO. \"The new claims strengthen our position after the Company's successful expansion of the Kulyk Lake REE target, and the discovery of a new Uranium Zone.\"Director of Corporate CommunicationsThe Company announced today that Holly Millar has joined Searchlight Resources as the Director of Corporate Communications. Ms. Millar has more than 10 years of experience in digital and traditional marketing and client services. Holly graduated from McGill University in Montreal with a Bachelor of Arts degree. Holly's focus will be on investor and stakeholder communications. She is responsible for managing the company's digital and online presence, including web and social media.Searchlight has granted incentive stock options to Ms. Millar to purchase 100,000 common shares of the Company at a price of $0.10 per share. The stock option grant is subject to regulatory approval.Map 1. Searchlight Resources Expanded Kulyk Lake Property ClaimsResignation of DirectorThe Company announces the resignation of Peter Ball from its Board of Directors. The Company thanks Mr. Ball for his contributions and wishes him well in his future endeavors.Qualified PersonStephen Wallace, P.Geo., is Searchlight's Qualified...