Searchlight Resources Expands Duddridge Lake Uranium - Copper Claims
TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
October 21, 2021
Searchlight Resources Expands
Duddridge Lake Uranium - Copper Claims
Vancouver, British Columbia, October 21, 20 21 - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV: SCLT, US: CNYCF, FSE: 2CC2) has completed staking additional claims along
strike of the wholly owned Duddridge Lake Uranium Deposit, located approximately 75 kilometers
northwest of La Ronge, Saskatchewan.
Highlights
• Expanded Duddridge Lake Claims from 54.4 sq km to 140.7 sq km
• Incorporated Sandfly Uranium - Copper showings into the claim block
• Airborne Radiometric geophysics survey underway
Searchlight has added 86.3 sq km of claims to the existing Duddridge Lake claim block, for a total of
140.7 sq. km over a strike length of 40 km (Map 1). The new claims extend the claim block both to the
north and south of the Duddridge Lake Uranium Deposit which hosts a historic 43-101 inferred resource
estimate of 227,880 tonnes, with a grade of 2.14 lbs/tonne U3O8.
The Company is presently conducting airborne radiometric and aeromagnetic surveys. The surveys are
being completed by Special Projects Inc. of Calgary, using the same innovative proprietary focused
crystal arrays which were instrumental in locating the boulder field which led to the discovery of the
Patterson Lake South Uranium Deposit. This survey technology was recently utilized by Searchlight on
the Company’s Kulyk Lake Rare Earth Project.
“The recent break out of uranium prices highlights Searchlight’s Duddridge Uranium deposit, which is
the most southerly uranium resource in Saskatchewan , and accessible by road” , stated Stephen
Wallace, CEO. “We are looking forward to the results from the Special Projects’ proven technology to
expand the resource area”.
TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
Map 1. Searchlight Resources Claims Map for the Duddridge Lake Property
The Duddridge Lake Property is described as stratabound uranium and copper mineralization with
abundant polymetallic mineral occurrences associated with basal quartz conglomerate and
carbonaceous-bearing lenses in red bed (hematitic) arkose. In addition to the historical copper and
uranium mineral exploration, Fission Energy located and sampled 39 boulders near the known deposit
in 2012. These boulders returned results of up to 1.91% uranium and 0.69% copper , plus 1,460 ppm
cobalt and 5,500 ppm vanadium. Selected results are shown in Table 1.
TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
Table 1. Selected Assays from Fission Energy’s Boulder Sampling
at the Duddridge Lake Property in 2012
Boulder Sample No. U % Cu ppm Co ppm V ppm
DD12-AC-001 0.19 276 910 1,580
DD12-AC-003 1.07 415 382 1,160
DD12-AC-004 0.06 244 42 1,330
DD12-AC-005 0.97 1,480 7 728
DD12-AC-010 1.65 89 4 375
DD12-AC-016 0.39 143 5 804
DD12-AC-030 0.00 6,950 13 15
DD12-HW-029 0.33 377 1,310 1,560
DD12-HW-031 0.39 165 1 125
DD12-JL-002 0.14 6,290 2 35
DD12-JL-003 0.20 928 6 63
DD12-PR-004 0.09 133 10 2,750
DD12-PR-011 1.00 815 3 245
DD12-PR-012 0.62 575 418 685
DD12-PR-018 0.41 813 151 1,960
DD12-SH-012 0.64 348 1,460 746
DD12-SH-013 1.91 1,230 75 2,990
DD12-SH-014 0.49 117 1 3,240
DD12-WM-002 1.51 511 567 5,500
DD12-WM-003 0.31 336 250 1,480
DD12-PR-012 1.04 1,520 5 476
Data Source
The technical report on the Duddridge Lake Uranium deposit, "Report on the Duddridge Lake Uranium
Property, Northern Saskatchewan, NTS 73O/9", submitted by Stuart C. Fraser, P. Geol. on June 15,
2007, was not commissioned or completed by Searchlight and therefore is being treated as a historical
resource estimate under 43 -101 disclosure. This report is available on Sedar. The historical resource
estimate used "inferred mineral resource", which is a category of NI 43 -101. As a result, Searchlight
considers the historical resource estimate as reliable as well as relevant , as it represents a key target
for work to be done by Searchlight.
Searchlight has not undertaken any independent investigation of the resource estimates, nor has it
independently analyzed the results of the previous exploration work in order to verify the resources, and
the Company is not treating the historical estimate as a current resource.
TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
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, US:CNYCF, FSE:2CC2) 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 Institute. Exploration focus 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 Belt. The Company is currently advancing its Bootleg Lake Gold Project which
hosts four past-producing high-grade gold mines, located in Saskatchewan, less than 10 km from 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.
Alf Stewart, Chairman
(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
TSXV: SCLT US: CNYCF| 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
estimates, beliefs, intentions and expectations. They are not gu arantees 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 incl ude, 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.
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