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Searchlight Resources Expands Duddridge Lake Uranium - Copper Claims
VANCOUVER, BC / ACCESSWIRE / October 21, 2021 / Searchlight Resources Inc. ("Searchlight" or...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Expands Duddridge Lake Uranium - Copper ClaimsVANCOUVER, BC / ACCESSWIRE / October 21, 2021 / Searchlight Resources Inc. (\"Searchlight\" or the \"Company\") (TSXV:SCLT, OTC PINK:CNYCF, FSE:2CC2) has completed staking additional claims along strike of the wholly owned Duddridge Lake Uranium Deposit, located approximately 75 kilometers northwest of La Ronge, Saskatchewan.HighlightsExpanded Duddridge Lake Claims from 54.4 sq km to 140.7 sq kmIncorporated Sandfly Uranium - Copper showings into the claim blockAirborne Radiometric geophysics survey underwaySearchlight has added 86.3 sq km of claims to the existing Duddridge Lake claim block, for a total of 140.7 sq. km over a strike length of 40 km (Map 1). The new claims extend the claim block both to the north and south of the Duddridge Lake Uranium Deposit which hosts a historic 43-101 inferred resource estimate of 227,880 tonnes, with a grade of 2.14 lbs/tonne U3O8.The Company is presently conducting airborne radiometric and aeromagnetic surveys. The surveys are being completed by Special Projects Inc. of Calgary, using the same innovative proprietary focused crystal arrays which were instrumental in locating the boulder field which led to the discovery of the Patterson Lake South Uranium Deposit. This survey technology was recently utilized by Searchlight on the Company's Kulyk Lake Rare Earth Project.\"The recent break out of uranium prices highlights Searchlight's Duddridge Uranium deposit, which is the most southerly uranium resource in Saskatchewan, and accessible by road\", stated Stephen Wallace, CEO. \"We are looking forward to the results from the Special Projects' proven technology to expand the resource area\".Map 1. Searchlight Resources Claims Map for the Duddridge Lake PropertyThe Duddridge Lake Property is described as stratabound uranium and copper mineralization with abundant polymetallic mineral occurrences associated with basal quartz conglomerate and carbonaceous-bearing lenses in red bed (hematitic) arkose. In addition to the historical copper and uranium mineral exploration, Fission Energy located and sampled 39 boulders near the known deposit in 2012. These boulders returned results of up to 1.91% uranium and 0.69% copper, plus 1,460 ppm cobalt and 5,500 ppm vanadium. Selected results are shown in Table 1.Table 1. Selected Assays from ...