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Searchlight Resources Reports Anomalous Uranium & Rare Earth MMI Results from Kulyk Lake Project
MMI survey highlights new Uranium and Rare Earth anomalies Anomalous Uranium zone up to 400 m...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"\nSearchlight Resources Reports Anomalous Uranium & Rare Earth MMI Results from Kulyk Lake ProjectMMI survey highlights new Uranium and Rare Earth anomalies Anomalous Uranium zone up to 400 m length at Whalesback Ridge196 MMI samples collected on 2 grids along strike of 2022 sampling Overlapping Uranium and Rare Earth anomaliesVancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Searchlight Resources Inc. (TSXV: SCLT) (OTCQB: SCLTF) (\"Searchlight\" or the \"Company\") is pleased to report results of the Mobile Metal Ion (MMI) surveys on the Kulyk Lake Uranium and Rare Earth project, located approximately 75 kilometers northwest of La Ronge, Saskatchewan.In October 2023, Searchlight conducted MMI surveys on the west side of Kulyk Lake, to expand on previous MMI surveys conducted in 2022. Two grids with 50 metre spaced sampling were established along strike of the 2022 grids (Maps 1, 2). In total, 196 MMI samples were collected in 2023, adding to the 242 samples collected in 2022. The combined MMI results highlight multiple Uranium and Rare Earth Element (\"REE\") anomalies.Uranium results show an anomalous zone up to 400 metres in length at Whalesback Ridge, and new uranium anomalies at Hot Ridge (Map 1). Both Whalesback Ridge and Hot Ridge anomalies were initially discovered by Searchlight's 2021 airborne radiometric survey. Limited prospecting at Whalesback Ridge in 2022 yielded 670 ppm U3O8, and 540 ppm U3O8 in grab samples.REE results identified a large anomalous zone at the north end of the Whalesback Ridge, and an anomalous zone at Hot Ridge (Map 2). Limited prospecting at Hot Ridge in 2022 yielded 0.95% Total Rare Earth Oxide (\"TREO\") and 0.85% TREO in grab samples. Of particular interest, the REE zone at Whalesback Ridge is coincident with the Uranium zone, demonstrating a close association between the Uranium and REE anomalies. These anomalies parallel the Eldorado (Uranium) and Fanta (REE) drill-ready targets on the east side of Kulyk Lake.\"These results reinforce that Kulyk Lake is both a Uranium and REE prospect, with strong proximal association of the Uranium and REE mineralization. These new data add to Searchlight's belief that there are multiple additional Uranium and REE targets on the Kulyk Lake claims, yet to be discovered,\" stated Stephen Wallace, Searchlight's CEO. Future exploration will incl...