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Searchlight Resources Completes Airborne Radiometric Survey of the Daly Lake Rare Earth and Uranium Project
Survey highlights multiple new rare earth and uranium targets Survey expands known rare earth ...
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[{"type":"text","content":"Searchlight Resources Completes Airborne Radiometric Survey of the Daly Lake Rare Earth and Uranium ProjectSurvey highlights multiple new rare earth and uranium targetsSurvey expands known rare earth and uranium showings800 m x 450 m thorium zone highlights significant rare earth potentialVancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) (\"Searchlight\" or the \"Company\") is pleased to announce the initial results of the airborne radiometric survey of the Company's Daly Lake Uranium and Rare Earth Element (\"REE\") project, located approximately 150 km north of La Ronge, Saskatchewan, and 25 km south of the Company's Kulyk Lake Uranium and Rare Earth project.Special Projects Inc. of Calgary, Alberta, completed 57.5 square kilometres of survey on the Daly Lake exploration target, located south of the adjoining Kulyk Lake property which hosts multiple Rare Earth Element (\"REE\"), thorium and uranium occurrences (Map1). Preliminary radiometric results on Daly Lake have outlined significant new thorium and uranium targets. Additionally, the results have confirmed and expanded several historical REE, uranium and thorium showings (Maps 2, 4). Searchlight uses thorium as a pathfinder for monazite, a principal REE mineral. The results include a large thorium zone measuring 800m x 450m (Map 3), which covers the Jon Showings that comprise multiple REE occurrences with over 1% Total Rare Earth Elements (TREE), including Sample 99766 with 30,769 ppm (3.08%) TREE and Sample 99812 with 29,466 ppm (2.95%) TREE (SMDI #5184).\"These results show the potential for significant rare earth targets at Daly Lake, extending the multiple REE and uranium targets over a 12-km strike length,\" stated Stephen Wallace, CEO of Searchlight. \"These results highlight Saskatchewan as a strong rare earth source within Canada. Daly Lake and other Searchlight REE projects could potentially provide rare earth feed for the Saskatchewan Resource Council Rare Earth Processing Facility in Saskatoon.\"The Kulyk Lake and Daly Lake claims cover a combined area of 395.5 square kilometres, and host over 40 REE, thorium, and uranium occurrences along a 30-km long zone (Map 1).Map 1. Location of Daly Lake and Kulyk Lake propertiesTo view an enhanced version of this graphic, please visit:https://images.n...