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Searchlight Resources Begins Field Work on Rare Earth and Uranium Targets on Kulyk Lake Exploration Project
VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Searchlight Resources Inc. ("Searchlight" or th...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Begins Field Work on Rare Earth and Uranium Targets on Kulyk Lake Exploration ProjectVANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Searchlight Resources Inc. (\"Searchlight\" or the \"Company\") (TSXV:SCLT)(OTC PINK:CNYCF)(FSE:2CC2) is pleased to announce the start of field work on the Company's Kulyk Lake Rare Earth Element (\"REE\") project, located approximately 165 km north of La Ronge, Saskatchewan, and 65 km south of the Key Lake Uranium Mine.HighlightsSearchlight has been granted a permit for surface exploration at Kulyk LakeField work follow-up of September 2021 radiometric surveyProspecting and grid sampling planned on previously unknown uranium zoneProspecting and grid sampling planned for 3-km Thorium / Rare Earth zoneOn June 13, Searchlight was granted a Crown Resource Land Work Authorization by the Saskatchewan Ministry of the Environment, and on June 21 began preliminary field work on the Kulyk Lake Rare Earth and Uranium Project. The work will focus on the results of the radiometric survey completed in September 2021, which outlined significant new thorium and uranium targets (see press release https://searchlightresources.com/news/2021/searchlight-resources-defines-new-rare-earth-and-uranium-targets-on-kulyk-lake-exploration-project/)\"The focus of this phase of exploration will be to ground-truth two excellent, large radiometric targets, one of thorium and one of uranium\", stated Stephen Wallace, CEO.The planned field work will focus on prospecting and grid sampling of the previously unknown uranium target and the 3-km long thorium anomaly outlined by the radiometric survey (Map 1). Searchlight uses thorium as a pathfinder for rare earth elements in the mineral monazite, which is the principal mineral in the known Kulyk Lake REE showing.The highest thorium value from the 2021 radiometric survey was located over the known Kulyk Lake REE trenches (Map 2), which yielded historical assays of 56.18% Total Rare Earth Oxides. Additionally, the radiometric survey identified the Kulyk Lake target as part of a larger anomalous thorium zone, up to 6 kilometres in length. The initial exploration plan is to prospect the southern half of the zone to the west of Kulyk Lake.In addition, the geological team will collect monazite samples from the historical Kulyk Lake REE trenches. These samples will be used...