Searchlight Resources Reports MMI Results from Kulyk Lake Critical Elements Project
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
February 21, 2023
Searchlight Resources Reports MMI Results
from Kulyk Lake Critical Elements Project
• Surveys highlight know n occurrences and new z ones of anomalous
Uranium and Rare Earths
• 242 Mobile Metal Ion samples collected from 2 grids
Vancouver, British Columbia, February 21, 2023 - Searchlight Resources Inc. (“Searchlight” or the
“Company”) ( TSXV: SCLT, OTCQB: SCLTF) is pleased to report results of Mobile Metal Ion (MMI)
surveys on the Kulyk Lake Critical Elements project located approximately 165 km north of La Ronge,
Saskatchewan, and 65 km south of the Key Lake Uranium Mill.
During the second half of 2022 , Searchlight conducted MMI surveys covering known radiometric
uranium and thorium anomalies on the Kulyk Lake Critical Elements project. The MMI results highlight
known occurrences as well as new zones of anomalous rare earths (Map 1) and uranium (Map 2).
The plan for 2023 include s the expansion of these MMI surveys, follow-up prospecting, geological
mapping, and additional airborne radiometric surveys on the southern portion of the claim block.
“With every exploration phase at Kulyk Lake, Searchlight continues to find new rare earth and uranium
targets, which appear to be linked together in a pegmatite system extending along both sides of Kulyk
Lake. This is just the start of an exciting future for this project ”, stated Stephen Wallace, Searchlight’s
CEO.
According to SGS Canada Inc, the developers of this technology, Mobile Metal Ion (MMI)
geochemistry is a proven advanced geochemical exploration technique known to find mineral
deposits. MMI™ measures metal ions that travel upward from mineralization to unconsolidated
surface materials such soil, till, sand and other media. Using careful soil sampling strategies,
sophisticated chemical ligands, and ultra sensitive instrumentation, SGS is able to measure these
ions. After interpretation, MMI data can indicate anomalous areas.
Source: SGS website, https://www.sgs.com/en-ca/services/mobile-metal-ions-mmi
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
Map 1. Critical Rare Earth Oxides (CREO) results from 2022 MMI survey at Kulyk Lake
Critical Rare Earth Oxides (CREO) = Dysprosium + Neodymium + Praseodymium + Terbium
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
Map 2 Uranium results from 2022 MMI survey at Kulyk Lake
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 , OTCQB:SCLTF) 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 battery minerals and
gold throughout the province, concentrating on projects with nearby infrastructure.
On behalf of the Board of Directors,
“Stephen Wallace”
Stephen Wallace, President, CEO and Director
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
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
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