Searchlight Resources Completes UAV Magnetic Survey at Bootleg Lake Gold Project in Saskatchewan
November 30, 2020
Searchlight Resources Completes UAV
Magnetic Survey at Bootleg Lake Gold Project
in Saskatchewan
• 65 line kilometres of UAV Magnetometer survey completed
• Survey highlights Henning-Maloney and Rio Gold Mine targets
• Survey highlights multiple structures and additional drill targets
Vancouver, British Columbia, November 30, 2020, - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV:SCLT, US:CNYCF) is pleased to present the results of an airborne UAV magnetic
survey on the Company’s Bootleg Lake project located in Saskatchewan, approximately 7 kilometres
southwest of the Flin Flon Mining camp.
As previously announced, Searchlight commissioned Axiom Geological Group to conduct a UAV
Magnetometer survey targeting two p riority areas within the 49.9 sq. km Bootleg Lake claims . The
survey covered a 1.53 square kilometre area surrounding Rio and Henning -Maloney past-producing
gold mines with a total of 64-line kilometres of data, at 25 metre line spacing (Map 1). This work is in
preparation for a 2021 drilling program at Henning-Maloney.
As part of the Magnetic data interpretation, Searchlight utilized a Grid Analysis system that analyses
the texture of the potential field magnetic data to detect areas of structural complexity, which assists in
the location of potential deposit occurrences. Magnetic field data delineates the geological structure s
and is best suited for this purpose . Grid Analysis then identifies regions of discontinuity, and analyses
structural associations to locate cr ossings, junctions and change of direction in strike. Finally, by
measuring the density of structural contacts and the diversity in the strike structures as a heat map, it
facilitates picking the areas that are perceived to be prospective (Map 2).
“The survey p roduced high quality results with the heat map highlighting both the Rio and Henning -
Maloney targets as structurally complex areas, and excellent target zones for gold exploration”, stated
Stephen Wallace, CEO . “The survey has also identifie d targets associated with the Rio fault system
that warrant future follow up”, he added.
Map1: UAV Magnetometer Data - Residual Magnetic Intensity (RMI)
The Henning-Maloney and Rio gold targets are located approximately one kilometre apart within the
Bootleg Lake claims. These claims host 4 past producing gold mines, three of which – Henning-
Maloney, Rio and Wekach - are all connected by the Rio Fault system. Additional gold and base metal
targets are also present along this fault system.
Map 2: Heat Map - Grid Analysis showing zones of structural complexity
Qualified Person
Peter Dueck, P.Geo., is Searchlight 's Qualified Person for this pre ss release within the meaning of
National Instrument 43-101 and has reviewed and approved the technical information contained in this
news release. Mr. Dueck is Director of Searchlight Resources and Chief Business Officer an d
Principal Geophysicist at Axio m Exploration Group. Mr. Dueck has been invo lved in the resource
exploration industry in S askatchewan since 2001, and until 2018, he held the position of Chief
Geophysicist for Hudbay Minerals Inc. in Flin Flon, Manitoba.
About Searchlight Resources Inc.
Searchlight Resources Inc. (TSX.V:SCLT; US:C YNCF) 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 Ins titute. Exploration focu s is on gold and battery
minerals throughout the Province, concentrating on projects with road access.
Searchlight holds a 427.6 square kilometre land position within the gold and base metal rich Flin Flon -
Snow Lake Greenstone Be lt. The Company is curre ntly advancing its Bootleg Lake Gold Project
located in Saskatchewan , less than 10 km fro m Flin Flon , Manitoba, and which hosts four past
producing high-grade gold mines.
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, VP Corporate Development
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forw ard-looking statements that are based o n
assumptions as of the date of this news release. These statements reflect management’s current
estimates, beliefs, intention s and expectations. They are not guarantees of future performance. The
Company cautions tha t all forward-looking statements are in herently 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, amon g other things: risks and uncertainties relatin g 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
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