Searchlight Completes and Files NI 43-101 Technical Report on Robinson Creek Gold Project
Searchlight Completes and Files NI 43-101
Technical Report on Robinson Creek Gold
Project
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2026) -
Searchlight Resources Inc. (TSXV:
SCLT) (OTC Pink: SCLTF) (
"
Searchlight
" or the "
Company")
is pleased to announce the completion
and filing of a National Instrument 43-101 (NI 43-101) Technical Report for its Robinson Creek Gold
project located approximately 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba. The
report presents a comprehensive analysis of historic and current exploration, and the project's overall
potential. This will provide valuable information for shareholders, investors, and stakeholders, and can be
accessed and downloaded at
www.searchlightresources.com
.
This is the first NI 43-101 Technical Report on the Robinson Creek gold project, and it demonstrates the
company's adherence to best practices, and commitment to rigorous work and transparency, in the
advancement of its exploration activities. The report has been prepared in accordance with the
guidelines set out in the Canadian Securities Administrators' National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
"We are excited to announce the completion of this comprehensive review of exploration on the
Robinson Creek project. This report and the Company's planned exploration will be the next step to
defining a gold deposit at Robinson Creek," stated Stephen Wallace, Searchlight CEO. "Given the
current gold prices the Robinson Creek project is becoming a considerable asset to Searchlight and its
shareholders.
Key highlights from the report include:
1
.
A comprehensive summary of past exploration prior to Searchlight's work on Robinson Creek
Claims, including 70 drill holes completed by Hudbay and Saskatchewan Mining Development
Corporation in the 1940's and 1980's.
2
.
A summary of exploration carried by Searchlight Resources from 2021 to 2025.
3
.
Geological evaluation which enhances the understanding of the project's geology and outlines the
multiple mineralized zones at Robinson Creek and potential new targets.
4
.
The report provides recommendations for a two-phase exploration strategy:
Phase 1: Detailed surface mapping and prospecting to take advantage of the new outcrop
exposure,
Phase 2: The twinning of select historical holes to verify past high-grade results.
Searchlight endorses these recommendations and has filed for an exploration permit to carry out a
surface exploration during the summer of 2026 followed by a drill program to verify historic drilling.
Robinson Creek Highlights
Initial Exploration Target with ranges of 2 - 3 million tonnes, and grades between 1.20 g/t gold and
1.60 g/t gold which is amenable open-pit mining.
Located 16 km west of Creighton, Saskatchewan and Flin Flon, Manitoba and 15 km from
Searchlight's Bootleg Lake brownfield mine site.
Compilation of 70 historical drill holes (totaling 9,618 metres) from the 1940s and 1980s.
Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000m
along the Mosher Lake Shear Zone.
Recent airborne magnetic surveys have outlined exploration potential along strike and south of the
known zones.
60 drill holes have gold intersections greater than 1.0 g/t gold.
45 gold intersections have greater than 2.0 g/t gold over at least one metre.
Multiple wide gold intersections:
2.46 g/t gold over 57.60 m in DDH 81-2
7.59 g/t gold over 10.94 m in DDH HB-6
3.80 g/t gold over 21.00 m in DDH R07-1
2.15 g/t gold over 32.00 m in DDH 81-1
Disclaimer Drill Compilation: Management cautions that the presented drill sample results are historical
in nature, and Searchlight has not undertaken any independent investigation of the sampling, nor has it
independently analyzed the results of the previous exploration work to verify the results. Searchlight
considers these sample results relevant, as the Company uses historical reports and sample results to
evaluate and plan future exploration programs. All drill intercepts are drill-indicated lengths. Insufficient
technical information exists to demonstrate the true widths of these intersections. The technical
information is derived from public documents available through the Saskatchewan Government Ministry
of Energy and Resources.
Disclaimer Initial Exploration Target: The potential quantity and grades are conceptual in nature. There
has been insufficient exploration drilling to define a mineral resource and it is uncertain if further
exploration will result in the Exploration Target being delineated as a mineral resource.
Map 1 - Location of Robinson Creek Claims
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9828/289070_0472e466a4074bfc_002full.jpg
Map 2 - Location of drill holes on Total Magnetic Intensity (TMI)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9828/289070_0472e466a4074bfc_003full.jpg
The Robinson Creek Technical report has been authored by Ty Magee, PGeo, of Axiom Exploration
Group Ltd. of Saskatoon Saskatchewan. Mr. Magee is a Professional Geologist and an Independent
Qualified Person pursuant to NI 43-101 Standards of Disclosure for Mineral Projects. The report will be
available for review on the company's website and filed on SEDAR+.
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 Inc.
Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) is a Canadian mineral exploration and
development company focused on Gold in Saskatchewan, Canada, which has been ranked as one of
the top 10 locations in the world for mining investment by the Fraser Institute. The Company is currently
planning the reopening of the Rio Gold Mine located 5km from Creighton, Saskatchewan and Flin Flon,
Manitoba.
SEARCHLIGHT RESOURCES INC.
Stephen Wallace CEO
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.
Jason Powell
(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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