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Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold Property
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Searchlight Resources Inc. (TSX...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Completes Acquisition of 100% Interest in the Robinson Creek Gold PropertyVancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) (\"Searchlight\" or the \"Company\") is pleased to announce that it has completed the required payments and shares issuance to earn a 100% interest in the Robinson Creek Gold project, located approximately 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba.The Robinson Creek Gold project consists of 2 claim blocks covering 2.9 square km, located approximately 15 km northwest of Searchlight's Bootleg Lake Gold project (Map 1). In May 2021, Searchlight entered into an option agreement to acquire 100% interest in the Robinson Creek property, subject to a 2% Net Smelter Return royalty (\"NSR\") to the vendor. Under the terms of the Option Agreement, Searchlight will have the right, at any time, to purchase 1.5% of the 2.0% NSR for $2,250,000.The Company has conducted historical data compilation, surface sampling, and an airborne geophysics survey of the property. Further, Searchlight commissioned a study, which calculated an Initial Exploration Target of between 77,000 and 154,000 ounces of gold at Robinson Creek. The next phase of exploration will include diamond drilling to produce data for a modern NI43-101 resource estimate, and an engineering study which will exam the possibility of an open pit mine at Robinson Creek.\"This gives Searchlight a 100% interest in two important gold projects in the Flin Flon Mining camp at a time of near-record gold prices,\" stated Stephen Wallace, CEO. \"The Company sees the potential of combining the Robinson Creek project, with its Initial Exploration Target of between 77,000 and 154,000 oz gold, with our brownfield Bootleg Lake Gold holdings nearby.\"Robinson Creek HighlightsInitial Exploration Target of 77,000 - 154,000 oz gold, open along strike and to depth.2 - 3 million tonnes ore, with gold grades between 1.20 g/t and 1.60 g/t.15 km from Bootleg Lake brownfield mine site, allowing for shared processing.Compilation of over 70 historical drill holes from the 1940s and 1980s.Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000 m along the Mosher Lake Shear Zone.60 drill holes have gold intersections greater than 1 g/t gold...