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Searchlight Resources Stakes Major Position in the Wapawekka Lake Greenstone Belt in Saskatchewan
347.2 sq. km of new claims with gold and base metal targets Along a 60-km section of t...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Searchlight Resources Stakes Major Position in the Wapawekka Lake Greenstone Belt in Saskatchewan347.2 sq. km of new claims with gold and base metal targetsAlong a 60-km section of the Wapawekka Lake Greenstone BeltStaking based on recently flown Airborne GeophysicsVANCOUVER, BC / ACCESSWIRE / September 28, 2020 / Searchlight Resources Inc. (\"Searchlight\" or the \"Company\") (TSXV:SCLT)(OTC PINK:CNYCF) is pleased to announce the staking of 347.2 square kilometres of claims in the Wapawekka Lake Greenstone Belt, located approximately 40 kilometres southeast of La Ronge, Saskatchewan.The staking was based on newly published Airborne Geophysics released by the Government of Saskatchewan and Natural Resources Canada (\"NRCan\"). Searchlight has staked a 60-km long, almost completely contiguous, block of claims in the western section of Wapawekka Greenstone Belt.\"This new survey, provided by the Governments of Saskatchewan and Canada, allows Searchlight to spend its exploration dollars on targets identified by state-of-the-art geophysics. We are excited to be working in an under-explored area which has significant potential for gold, base metals, and battery metals. Our new claims represent approximately 50% of this prospective Precambrian Greenstone Belt\", stated Stephen Wallace, CEO of the Company.On September 17th, 2020, the Government of Saskatchewan released a set of maps and raw data from the Southern Glennie airborne electromagnetic and magnetic surveys flown over an area 40 kilometres southeast of Lac La Ronge, Saskatchewan in early 2020. The helicopter-borne geophysical survey by Geotech Ltd. included Electromagnetics using the versatile time-domain electromagnetic (VTEM™ Max) system, and Aeromagnetics using a caesium magnetometer. The survey covers an area of 1,110 sq. km, with a total of 6,595 line-kilometres of data at 200-metre line spacing. (See maps below)The survey was funded by the Government of Saskatchewan as part of its Mineral Development Strategy, with technical support for the survey provided by Natural Resources Canada (NRCan). The Wapawekka Lake Belt, as with much of Saskatchewan, is underexplored and has had only limited past exploration on its' gold and base metal targets.The western end of the new Searchlight claims is road accessible, and approximately two thirds of the claims are boat accessib...