Searchlight Resources Adds Mari Lake High Grade Gold Project to Its Saskatchewan Gold Portfolio Historical Data Highlights 22 drillholes, 39 trenches and several pits. Multiple reports of Visible Gold. Gold mineralized structure over 700 metres in length.
Searchlight Resources Adds Mari Lake High
Grade Gold Project to Its Saskatchewan Gold
Portfolio
Historical Data Highlights
22 drillholes, 39 trenches and several pits. Multiple reports of Visible Gold.
Gold mineralized structure over 700 metres in length.
Drill hole samples of 0.85 oz/ton Au over 2.8 feet and 0.52 oz/ton Au over 2.5 feet, with
visible gold.
Trench samples of 1.28 oz/ton Au over 10 feet and 0.50 oz/ton Au over 6.0 feet, with
visible gold.
Pit samples of 2.98 oz/ton Au and 1.41 oz/ton Au.
Grab samples of 2.48 oz/ton Au and 1.1 oz/ton Au, with visible gold.
Located 30 km north of Creighton, Saskatchewan and Flin Flon, Manitoba.
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Searchlight Resources Inc. (TSXV:
SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") is pleased to announce that the Company
has staked the Mari Lake high-grade gold project located approximately 30 km north of Creighton,
Saskatchewan and Flin Flon, Manitoba, and 40 km north of the Company's Bootleg Lake Gold Project
(Map 1).
The Mari Lake project is Searchlight's third high grade project in the Flin Flon Mining District, along with
the Bootleg Lake and Robinson Creek gold projects. The Company has initiated plans to reopen the
underground ramp at the past-producing Rio Gold Mine, one of the three past-producing gold mines on
the Bootleg Lake claims.
The Mari Lake project is a high-grade gold project with 22 historical diamond drillholes, 39 trenches and
several pits completed between 1945 and 1986. Assessment files report a mineralized structure 700
metres in length, with high-grade results up to 2.98 oz/ton gold, and multiple reports of visible gold.
"With the addition of the Mari Lake project, Searchlight now holds three high-grade gold targets within
the Flin Flon mining district which has significant geological potential, but limited gold exploration,"
stated Stephen Wallace, Searchlight's CEO. "With the current gold prices, the Mari Lake project is one
more high-grade, high-value gold project that Searchlight holds in Saskatchewan."
The Mari Lake claim covers 4.7 square km and was acquired through cost effective staking. Searchlight
holds a 100% interest in the claim with no royalties. The claim is located 6 km from the hydroelectric
power line between Flin Flon and the Island Falls Hydroelectric Station. The project can be accessed by
air from Flin Flon or by bush road to Mari Lake, and then by boat to the project area.
"Searchlight is pursuing a business plan to develop a consolidated gold mining operation centered on its
Rio Gold Mine, a historic brownfield site, with upside potential from its recently drill-permitted Robinson
Creek property, the new zones discovered at the Henning Maloney Mine, and now the Mari Lake old
property,"
stated Alf Stewart, Searchlight's Chairman.
Searchlight has compiled a geology, mineralization and exploration history of the Mari Lake project,
which is available on the Searchlight website,
www.searchlightresources.com
.
Disclaimer: Management cautions that the presented drill, trench and grab 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.
Map 1: Mari Lake Location Map
To view an enhanced version of this graphic, please visit:
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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 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 5 km from Creighton, Saskatchewan and Flin Flon,
Manitoba.
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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