Searchlight Resources Begins Airborne Geophysics Survey on Flin Flon North Claims
TSXV: SCLT
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Searchlight Resources Begins
Airborne Geophysics Survey
on Flin Flon North Claims
• Airborne Survey has begun on newly acquired Flin Flon North Claims
• Time domain electromagnetic (TDEM) and magnetometer surveys
• 10 km northwest the 777 Copper, Zinc and Gold mine in Flin Flon
• 10 km north of Searchlight’s flagship Bootleg Lake Gold Project
Vancouver, British Columbia, September 20th, 2019 - Searchlight Resources Inc. (“Searchlight”
or the “Company”) (TSX-V: SCLT) is pleased to announce that the Company has commenced
an airborne geophysical survey on the newly acquired Flin Flon North claims located
approximately 10 kilometres northwest of Creighton, Saskatchewan and the city of Flin Flon,
Manitoba.
The survey is being conducted by Precision GeoSurveys Limited and includes airborne time-
domain electromagnetic (TDEM) and magnetometer surveys. Approximately 550 line-kilometres
will be flown at 75m line-spacing covering approximately 37 square kilometres , with the survey
to be completed before the end of September.
Searchlight’s new “Flin Flon North” project comprises two mineral claims totaling 5,644.7
hectares. The claims are located approximately 10 kilometres northwest of Fl in Flon Manitoba,
an historical mining camp with over 90 years of continuous copper, zinc and gold production
from multiple mines. Searchlight’s new claims are within 10 k ilometres of four mines belonging
to Hudbay Minerals, which combined, account for over 110 million tonnes of past production
and current reserves and resources.
“Searchlight wanted to follow-up quickly on the Flin Flon North option given the highly
prospective geology and multiple exploration targets just a few kilo metres down the high way
from Flin Flon and the 77 7 mine” stated Stephen Wallace, President and CEO of Searchlight.
“The purpose of this survey and ongoing compilation is the development of high-quality base
metal and gold drill targets for near term drilling.”
The Flin Flon North claims were optioned last month based on Searchlight’s ongoing regional
compilation to target the most prospective areas in the Flin Flon Greenstone belt for new VMS
base metal and gold mines.
Private Placement
On August 8, 2019 Searchlight announced it would undertake a private placement offering of up
to 10,000,000 shares. The private placement details are contained in the press release of
August 8th, 2019. Link to press release https://searchlightresources.com/news/2019/searchlight-
announces-private-placement-financing-2019-08-08/
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. is a Canadian mineral exploration and development company listed
on the Toronto Venture Exchange (TSX-V: SCLT). The corporate strategy of the company is:
• to explore and develop opportunities in safe, low risk jurisdictions. The Company holds
claims in Saskatchewan and Ontario, Canada. These are two of the top seven
jurisdictions in the world for mining investment, as ranked by the Fraser Institute
• to target known highly productive geological belts, including the Flin Flon – Snow Lake
Greenstone Belt and the Abitibi Greenstone Belt
• to acquire high quality projects, close to infrastructure, focusing on road access
• to work closely with stakeholders, including First Nations, Metis, local and provincial
governments and local contractors to advance mineral exploration and development in a
safe and environmentally sound manner.
Searchlight holds a portfolio of gold, cobalt, copper, vanadium and specialty metal projects from
grassroots stage to advanced exploration and NI43-101 resource development.
On behalf of the Board of Directors,
“Stephen Wallace”
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
Contact: Searchlight Resources Inc.
Investor Relations
(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 applic able
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.