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Searchlight Resources Announces Completion of First Phase of Exploration at English Bay Gold Project
Historic drill core located and reviewed Visible gold confirmed in 1997 discovery dril...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Announces Completion of First Phase of Exploration at English Bay Gold ProjectHistoric drill core located and reviewedVisible gold confirmed in 1997 discovery drill coreHistoric assay pulps and rejects selected for analysis 167 line kilometers of UAV magnetic survey completed VANCOUVER, BC / ACCESSWIRE / July 27 2020 / Stephen Wallace, CEO of Searchlight Resources Inc. (TSXV:SCLT, OTC PINK:CNYCF) is pleased to announce the completion of Phase One of the 2020 exploration program at the English Bay Gold Project, located ten kilometers north of the community of La Ronge, Saskatchewan.\"The initial results of our program are very encouraging,\" commented Mr. Wallace. \"The 1997 to 2013 drill core was located and is 100% intact. Visible gold was observed in the core from the original discovery drill hole, and at least half the pulps and rejects from this drilling are available for resampling and analysis. Based on these results, further field work is being organized, leading to the diamond drill program being planned for October of this year.\"Over the past month a team from Axiom Exploration Group (\"Axiom\") completed an initial site visit to the English Bay project, including preliminary examination of the historic drill core, which was followed by a detailed magnetic survey using an Unmanned Aerial Vehicle (‘UAV'), equipped with a specially designed UAV magnetometer sensor.As announced on June 25th, 2020 (https://searchlightresources.com/news/2020/searchlight-resources-commences-2020-exploration-at-its-high-grade-english-bay-gold-project/) the first phase of exploration, included a preliminary site visit and core review. The drill core was inspected and 100% of the core was found intact, plus the returned lab materials for about 50% of the drill holes were located and transported securely to Saskatoon by an Axiom geologist.During the drill core inspection, the discovery drill hole CSP-03 was examined and to quote the Axiom report \"Visible gold was identified in CSP-3 at 375.2 ft within a sampled interval and verified with the XRF. The gold was proximal to pyrite and pyrrhotite within a green to dark green fine grained, moderately chlorite and sericite altered metasedimentary rock with quartz flooding\".The Company is now reviewing the returned lab materials (pulps and rejects) and plans on resubmitti...