Searchlight Resources Samples up to 86 g/t Gold at Henning-Maloney Gold Target in Saskatchewan
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
January 6, 2021
Searchlight Resources
Samples up to 86 g/t Gold at
Henning-Maloney Gold Target in Saskatchewan
• Surface samples of 86.0 g/t and 61.0 g/t gold
• Drilling permitting underway for planned 2021 drilling
Vancouver, Briti sh Columbia , January 6, 2021 - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV:SCLT, US:CNYCF) is pleased to announce the results of samples collected during
site visits to the Henning-Maloney past-producing gold mine located in S askatchewan, approximately
7 kilometres southwest of the Flin Flon Mining camp.
During site visits to the Henning-Maloney mine area, a total of 13 grab and chip samples were
collected and submitted for analysis (Table 1). The chip samples were collected from existing trenches
and surface showings, including exposed quartz veins around the historic mining area.
“These excellent results indicat e high grade gold on surface , particularly from outcrop and historic
trenches, as Searchlight prepares to drill this area to verify the Henning-Maloney deposit, and to test
the extension of the gold mineralization at depth”, stated Stephen Wallace, CEO.
Permitting application for a near-term drilling program at Henning-Maloney is underway. Drilling will
commence when permits are granted on the Henning-Maloney and Beatty South VMS targets.
Table 1: Gold fire assay results for Henning-Maloney grab and chip samples
Sample # Au g/t Sample Type Comments
029143 6.58 Grab sample Trench area, heavily rusted
029144 0.02 Grab sample Qtz vein, pyrite in diorite – 50m west of Mine site
029145 0.38 Grab sample Deeply rusted pyrite – 50 m west of Mine site
029146 0.04 Grab sample Mine site area, large quartz crystals, pyrite
029147 0.05 O/C chip Surface quartz vein, pyrite
029148 61.00 O/C chip Surface sample 2m from trench -Quartz vein
029149 0.07 Trench chip Historic trench quartz vein with pyrite
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
029150 86.00 O/C chip Fractured quartz, semi massive pyrite, rusted O/C
426551 0.97 Trench chip Historic trench chip - pyrite, po
426552 8.12 Grab sample Massive Quartz float, iron staining, pyrite
426553 0.02 Grab sample Massive Quartz float, minor iron staining
37474 4.10 Grab sample Massive quartz, sulphides throughout
37475 0.31 O/C sample Massive quartz, iron staining
The H enning-Maloney Gold target is located approximately one kilometre south of the Company’s
flagship project, the Rio Gold Mine, and within the 49.9 sq. km 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 m etal target s are also present along this fault
system.
Sample Analysis
Samples 029143 to 029150 and samples 426551 to 426553 were collected and shipped to Activation
Laboratories Ltd. (Actlabs) in Ancaster, Ontario by Stephen Wallace, P.Geo of Searchlight Resources.
The samples were first analysed with Fire Assay Package 1A1 – Au Fire Assay - INAA – 30 gram
sample and Multi Element Package ICP-MS Ultra trace 1. Subsequently, samples with Au greater than
5.0 g/t (above Au detection limit), were analysed with Fire Assay Package 1A3 – AA-Au (Au- Fire
Assay Gravimetric) – 30 gram sample.
Samples 37474 and 37475 were collected by a geologist from the Axiom Exploration Group, and
transported directly to TSL Laboratories Inc. in Saskatoon, Saskatchewan. The samples were first
analysed with Fire Assay Package FA/AA– Au Fire Assay – 30 gram sample and Multi Element
Package ICP-AES Aqua Regia. Sample 37474 was above Au detection limit and subsequently
analysed with Fire Assay Package FA/ Gravimetric – 30 gram sample.
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. (TSX.V:SCLT; US:CYNCF) is a Canadian mineral exp loration and
development company focused on Saskatchewan, Canada, which has been ranked as the top location
for mining investment in Canada by the Fras er 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 Greenst one Be lt. The Company is curre ntly advancing its Bootleg Lake Gold Project
located in Saskatchewan , less than 10 km from Flin Flon , Manitoba, and which hosts four past
producing high-grade gold mines.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
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 relea se contains forward -looking statements that are based on
assumptions as of the date of t his news release. These statements reflect management’s current
estimates, beliefs, intention s and expectations. They are not guarantees of future performance. The
Company cautions that all forward-looking statements are inherently uncertain and that actua l
performance may be affected by a number of material factors, ma ny of which are beyond the
Company’s control. Such factors include, among other things: risks and uncer tainties 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 req uired under applicable securities legislation, the Company undert akes no obligation to
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