Searchlight Resources Completes Saskatchewan Sampling Program
TSXV : SRCH
Suite 408 – 1199 West Pender Str eet • Vancouver, B.C. • V6E 2R1
TEL (604) 331 - 9326 • FAX (604) 684 - 9365
Searchlight Resources Completes
Saskatchewan Sampling Program
Preliminary Geological review completed on recently acquired
Curved Lake VMS target and Phantom Ledge Lake Gold target s
Vancouver, British Columbia, October 1 8 , 201 8 - Searchlight Resources Inc.(“Searchlight” or
the “Com pany”) (TSX - V: SRCH ) is pleased to announce that field work has been completed on
recently announced option ed claims located near Creighton, Saskatchewan, five kilometres
southwest of the city of Flin Flon, Manitoba.
Searchlight ’s team of geologists have complet ed a preliminary evaluation of the C urved L ake
VMS target and Phantom Ledge Lake Gold targets which were acquired in the recently
announced option agreement . Option and property details are outline d in the Searchlight press
release at https://searchlightresources.com/news/2018/searchlight - resources - options - 4 - claims -
in - saskatchewan - from - diamond - projects/ .
T his is a first look at the new targets with primary focus on the location of showings based on
historical data and initial sampling. At Curved Lake the team located and sampled past trenches
and pits, plus mineralized road cuts on highway 167. At Phantom Ledge Lake, mineralized
outcrop, including quartz veins ha ve been located and sample d, though due to snow cover no
pits or trenches were located .
In addition, the geologist s visited the D ion Lake VMS targets located on Company ’s claims
approximately 1 km south east of the Company’s Rio (Bootleg) gold project and 7km south of
Hudbay’s 777 mine. During the visit the team located and sampled the area surrounding the
past exploration shaft and pits , collecting mineralized and malachite stained samples . See map
below.
Stephen Wallace, President and CEO of Searchlight stated, “ It was good to get a team out on
the newly optioned targets before winter set s in. This gives the c ompany planning data for next
y ear. The teams successfully visited all proposed targets and samples are now on the way to
the l ab. ”
Qualified Person
Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National
Instrument 43 - 101 and has reviewed and approv ed the technical information contained in this
news release.
About Searchlight Resources Inc.
Searchlight Resources Inc.(“Searchlight” or the “Company”) is a mineral exploration and
development company listed on the Toronto Venture Exchange (TSXV). The company is active
with mineral exploration projects in Saskatchewan, Ontario and Nevada, three of the top seven
jurisdictions in the world for mining investment as ranked by the Fraser Institute. The Company
holds a portfolio of gold, cobalt and base metal projects from grassroots stage to advanced
exploration and NI43 - 101 resource development.
Saskatchewan – Gold and Base Metals
The Bootleg Lake project is 16,900 hectares of claims in Saskatchewan covering prospective
areas of the Flin Flon Greenstone be lt. Exploration is being carried out at the past producing
Newcor, Rio (Bootleg) and Henning Maloney Gold mines located approximately 5 kilometres
from Creighton Saskatchewan and about 7 kilometres from the Hudbay 777 mine located in
Flin Flon, Manito ba.
In addition, the Bootleg Lake claims hold Volcanogenic Massive Sulphide (VMS) base metal
potential with claims adjacent to the Hudbay Mines claims hosting the producing 777 base metal
and gold mine in Flin Flon and the four past producing base metal mines, Flexar, Birch Lake,
Amisk and Coronation.
Ontario – Copper, Cobalt, Nickel & Gold
1) The Munro Warden project is an early stage exploration prospect targeting VMS copper,
nickel and cobalt within the Kidd - Munro assemblage of the Abitibi Greenstone Belt. The project
covers 1,100 hectares including 9 mining lease and 11 claims blocks located approximately 90
kilometres east of Timmins, Ontario.
2) The Cameron project is a grassroots cobalt, gold exploration prospect located 25
kilometres southwest of Cobalt, Ontario with the highly prospective Cobalt Embayment
Nevada - Copper
Searchlight’s Nevada project New York Canyon hosts two copper deposits in the Walker Lane
Structural Belt located in western Nevada. The Long Shot Ridge skarn deposit with a 201 0
NI43 - 101 resource estimate and the Copper Queen porphyry deposit drilled out by Conco in the
1970’s.
On behalf of the Board of Directors,
“Stephen Wallace ”
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
Contact: Searchlight R esources Inc.
Investor Relations
(604) 331 - 9326
Forward - Looking Statements
Information set forth in thi s 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
performan ce. 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: ris ks 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.
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THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.