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Searchlight Resources Stakes High Grade Kulyk Lake Rare Earth Project
56.18% TREO, including 12.49% CREO in historic grab sample including 9.61% Nd2O3, 2.71...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Stakes High Grade Kulyk Lake Rare Earth Project 56.18% TREO, including 12.49% CREO in historic grab sample including 9.61% Nd2O3, 2.71% Pr6O11 and 1,194 ppm Dy2O31 45.10% TREO, including 10.08% CREO in historic 0.6m trench sample including 7.64% Nd2O3, 2.29% Pr6O11 and 1,114 ppm Dy2O3VANCOUVER, BC / ACCESSWIRE / June 4, 2019 / Searchlight Resources Inc. (\"Searchlight\" or the \"Company\") (TSX-V: SCLT) is pleased to announce the staking of Kulyk Lake Rare Earth project located approximately 165 kilometres north of La Ronge, Saskatchewan and 65 km south of the Key Lake Mine.Searchlight has staked a 592.8 hectare claim covering the Kulyk Lake Rare Earth target in north central Saskatchewan. Historically the Kulyk Lake area had been explored for uranium, followed by preliminary rare earth exploration in 2009 and 2010 when rare earth prices spiked. The past claims had expired, and Searchlight acquired the project by staking as part of the Company's systematic evaluation of exploration targets in Saskatchewan. In addition to the Kulyk Lake rare earth target, the claim block also covers 7 additional rare earth, uranium and thorium showings and sample locations.\"Kulyk Lake, with the high grade Rare Earth results, represents a high potential exploration target for Searchlight and shows the value of continual project evaluation. With the option of New York Canyon in Nevada, our future focus shifts increasingly to Saskatchewan, one of the best mining jurisdictions in the world,\" stated Stephen Wallace, President and CEO of Searchlight.In 2009 a small number of grab and channel samples were collected and analysed with a rare earth analytical package at the Saskatchewan Research Council Laboratory. The results included 56.18% Total Rare Earth Oxides (\"TREO\"), including 12.49% Critical Rare Earth Oxides (\"CREO\") in selected grab sample AGKJR001; 30.6% TREO including 6.82% CREO in selected grab sample AGKJR002 and 19.04% TREO including 4.21% CREO in channel sample AGKJR003. A full list of all rare earth oxide results are presented in Table 1. Note: Critical Rare Earth Oxides (CREO) is the sum of Pr6O11 + Nd2O3 + Tb4O7 + Dy2O3.This work was followed up in 2010 with a series of trench samples, with some of the samples analysed with the same rare earth analytical package at the Saskatchewan Research Council Laborator...