Searchlight Resources Stakes Bonnie Lake Uranium Claims in Saskatchewan Multiple historic uranium outcrop and boulder samples Outcrop samples with up to 0.183% and 0.107% U 3 O 8 Fifty-eight showings of 1,000-28,000 cps
Searchlight Resources Stakes Bonnie Lake
Uranium Claims in Saskatchewan
Multiple historic uranium outcrop and boulder samples
Outcrop samples with up to 0.183% and 0.107% U
3
O
8
Fifty-eight showings of 1,000-28,000 cps
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2025) - Searchlight Resources Inc. (TSXV:
SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce the staking of two
mineral claims in the Eastern Wollaston Domain in Northern Saskatchewan, approximately 70 km
northwest of the McClean Lake Uranium Mine.
The two claims cover 37.3 sq km, and host multiple known uranium showings, including the Bonnie Lake
showings. The project is located in the Wollaston Geological Domain, a prime uranium exploration area
which underlies the eastern Athabasca Basin, and hosts some of the highest-grade operating Uranium
mines in the world (Map 1).
Exploration in 1980 resulted in the discovery of an area of extremely high radioactivity in pegmatite-
intruded calc-silicate marble near Bonnie Lake, during helicopter-supported reconnaissance mapping.
The highest radioactivity was confined to the coarse pegmatitic phase, and most intense over an area
150 m by 100 m. Radioactivity from 58 showings ranged from 1,000-28,000 cps (Map 2). Assays
ranged up to 0.183% U
3
O
8
and 1.30% ThO
2
(Map 3). The radioactive mineral was inferred to be
uranothorite.
"The Bonnie Lake project aligns with Searchlight's staking of high-value surface uranium targets in the
Wollaston Domain. This new project fits into the Company's uranium portfolio, which includes the
Duddridge Lake Uranium Deposit and the Kulyk Lake Uranium/Rare Earth project," stated Stephen
Wallace, CEO of Searchlight.
Historical data source: Assessment File 64L09-0009. Report on Exploration, Mineral Prospecting
Permits 1052, 1053. N.T.S. 64-L-9, 10, 15, 16 Charcoal Lake Area, Reindeer Mining District
Saskatchewan. Philip A. Wright, Kelvin Energy Ltd. November 20, 1980
Map 1 - Location of Bonnie Lake Claims
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Map 2 - Bonnie Lake radioactivity counts per second (CPS) for outcrops and boulders
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Map 3 - Bonnie Lake U3O8 % for outcrops and boulders
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Qualified Person
Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National Instrument
43-101 and has reviewed and approved the technical information contained in this news release.
About Searchlight Resources - Where the Critical Elements Supply Chain Begins
Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) is a Canadian mineral exploration and
development company focused on Saskatchewan, Canada, which has been ranked as the top location
for mining investment in Canada by the Fraser Institute. The Company's exploration model of Project
Generation coupled with Targeted Exploration, focuses on uranium, rare earths, copper, nickel and gold
throughout the province.
On behalf of the Board of Directors,
"Stephen Wallace"
Stephen Wallace, President, CEO and Director
SEARCHLIGHT RESOURCES INC.
For further information, visit the Company's website at
www.searchlightresources.com
or contact:
Searchlight Resources Inc.
Alf Stewart, Chairman, VP Corporate Development
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The
Company cautions that all forward-looking statements are inherently uncertain, and that actual
performance may be affected by a number of material factors, many of which are beyond the Company's
control. Such factors include, among other things: risks and uncertainties relating to the Company's
limited operating history and the need to comply with environmental and governmental regulations.
Accordingly, actual and future events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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