Searchlight Resources Stakes Additional Claims on the Kulyk Lake Critical Rare Earth Project
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
April 12, 2021
Searchlight Resources Stakes Additional Claims on
the Kulyk Lake Critical Rare Earth Project
Vancouver, British Columbia, April 12 , 20 21 - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV:SCLT, US:CNYCF, FSE:2CC2) is pleased to announce additional staking on the
Kulyk Lake Rare Earth Project, located approximately 165 kilometres north of La Ronge, Saskatchewan
and 65 km south of the Key Lake Uranium Mine.
Kulyk Lake Claim Block increased by 36.4 sq km, to 61.1 sq km
Searchlight has staked an additional 36.4 square kilometres of claims, increasing the total claim area of
the Kulyk Lake project to 61.1 sq km. The claim blocks now cover a total of 19 rare earth showings and
sample locations (Map 1), including the Kulyk Lake rare earth element (REE) target with the high-grade
total rare earth oxide (TREO) and critical rare earth oxide (CREO) values shown below.
Kulyk Lake High Grade Samples include:
• 56.18% TREO, including 12.49% CREO in historic grab sample,
including 9.61% Neodymium Oxide (Nd2O3), and 1,194 ppm Dysprosium Oxide (Dy2O3)1
• 45.10% TREO, including 10.08% CREO in historic 0.6 m trench sample,
including 7.64% Neodymium Oxide (Nd2O3), and 1,114 ppm Dysprosium Oxide (Dy2O3)
“The Kulyk Lake high-grade rare earth target represents a significant opportunity for Searchlight, with
the increased interest by Canadian Federal and Provincial governments in rare earth elements ,
particularly the critical elements Neodymium and Dysprosium. Saskatchewan is also developing
Canada’s first Rare Earth Processing Facility at the Saskatchewan Research Council in Saskatoon,
which further advances rare earth development in Canada”, stated Stephen Wallace, President and
CEO of Searchlight.
1 TREO, CREO and individual Oxide values shown in Table 1.
Critical Rare Earth Oxides (CREO) is the sum of Pr 6O11 + Nd2O3 + Tb4O7 + Dy2O3.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
Searchlight acquired the project by staking as part of the Company’s systematic evaluation of
exploration targets in Saskatchewan. Historically, the Kulyk Lake area had been explored for uranium,
followed by preliminary rare earth exploration in 2009 and 2010.
Map 1. Searchlight Resources Kulyk Lake REE Project Claim Blocks
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
In 2009, grab and channel samples were collected from Kulyk Lake area and analysed with a REE
analytical package at the Saskatchewan Research Council Laboratory. The results included ; 56.18%
TREO including 12.49% CREO in selected grab sample AGKJR001 , 30.6% TREO including 6.82%
CREO in selected grab sample AGKJR002 , and 19.04% TREO including 4.21% CREO in channel
sample AGKJR003. Selected rare earth oxide results are presented in Table 1.
This work was followed up in 2010 with a series of trench samples, similarly analysed at the
Saskatchewan Research Council Laboratory. Selected results included; trench samples DFKJR026 with
45.1% TREO and 10.08% CREO over 0.6 metres, DFKJR025 with 24.44% TREO and 5.49% CREO
over 0.7 metres, and DFKJR013 with 19.75% TREO and 4.41% CREO over 0.7 metres.
Geologically, the showings consist of multiple fractures containing brown to red monazite running
parallel to and enclosed by the surrounding Wollaston Group metasedimentary gneisses. A zone of
deep pink to red coarse-grained granite encloses the mineralized fractures.
The results presented are historical in nature , and Searchlight has not undertaken any independent
investigation of the sampling, nor has it independently analyzed the results of the previous exploration
work in order to verify the results. Searchlight considers these sample results relevant as the Company
uses historical reports to evaluate historic sample results as a guide to plan future exploration programs.
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.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
Table 1: Individual Rare Earth Oxide grades supporting reported Total Rare Earth Oxide and Critical Rare Earth Oxide calculated values
Sample Sample Ce2O3 Dy2O3 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Nd2O3 Pr6O11 Sc2O3 Sm2O3 Tb4O7 Tm2O3 Y2O3 Yb2O3 TREO CREO
Number Description wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt% wt%
2009
AGKJR001 Selected Grab 28.08 0.1194 0.1106 0.0858 0.4255 0.0103 13.57 <0.002 9.61 2.71 <0.002 0.863 0.0517 0.0091 0.5245 0.0125 56.18 12.49
AGKJR002 Selected Grab 15.33 0.0608 0.0593 0.0452 0.2243 0.0046 7.36 <0.002 5.21 1.52 <0.002 0.4663 0.027 0.0046 0.2858 0.0068 30.6 6.82
AGKJR003 0.7m Channel 9.48 0.0471 0.041 0.029 0.1461 0.0046 4.61 <0.002 3.24 0.91 <0.002 0.3004 0.0188 0.0034 0.207 0.0057 19.04 4.21
2010
DFKJR006 0.35m trench 8.81 0.0413 0.0296 0.0302 0.1369 0.0034 4.32 <0.002 3.01 0.88 <0.002 0.2946 0.0141 0.0034 0.1664 0.0034 17.74 3.94
DFKJR007 0.7m trench 2 0.0103 0.0068 0.007 0.0322 <0.002 0.98 <0.002 0.69 0.2 <0.002 0.0684 0.0035 <0.002 0.0406 <0.002 4.03 0.9
DFKJR011 0.95m trench 3.95 0.0195 0.0137 0.0139 0.0621 <0.002 1.92 <0.002 1.35 0.38 <0.002 0.1334 0.0071 <0.002 0.0787 <0.002 7.93 1.76
DFKJR013 0.7m trench 9.8 0.0471 0.0342 0.0348 0.1576 0.0046 4.77 <0.002 3.35 1 <0.002 0.3329 0.0165 0.0034 0.1905 0.0046 19.75 4.41
DFKJR016 0.8m trench 0.61 0.0034 0.0023 <0.002 0.0104 <0.002 0.29 <0.002 0.21 0.06 <0.002 0.0209 <0.002 <0.002 0.0152 <0.002 1.22 0.27
DFKJR019 0.5m trench 6.27 0.0264 0.0217 0.0197 0.0897 <0.002 3.03 <0.002 2.14 0.59 <0.002 0.196 0.0094 0.0023 0.1016 0.0034 12.5 2.76
DFKJR025 0.7m trench 12.05 0.0735 0.0524 0.0441 0.2059 0.008 5.81 <0.002 4.18 1.22 <0.002 0.4211 0.0223 0.0057 0.3264 0.0114 24.44 5.49
DFKJR026 0.6m trench 22.23 0.1114 0.0798 0.08 0.3611 0.0091 11.03 <0.002 7.64 2.29 <0.002 0.7714 0.0376 0.0091 0.442 0.0103 45.1 10.08
TREO = Total Rare Earth Oxides = Ce2O3+Dy2O3+Er2O3+Eu2O3+Gd2O3+Ho2O3+La2O3+Lu2O3+Nd2O3+Pr6O11+Sc2O3+Sm2O3+Tb4O7+Tm2O3+Y2O3+Yb2O3
CREO = Critical Rare Earth Oxides = Dy2O3 + Nd2O3 + Pr6O11 + Tb4O7
Note: Individual Rare Earth Oxide values calculated from individual Rare Earth Element assay values.
Sources:
Brown, J.A., 2010, 2009 Geological, Geochemical and Geophysical Report for the Baska-Eldorado Project, Eagle Plains Resources Ltd, Saskatchewan Industry and Resources for Assessment
Brown, J.A., and McKeough, M., 2011, 2010 Trenching and Prospecting Programs for the Baska-Eldorado Project, 99 Capital Corporation, Saskatchewan Industry and Resources for Assessment
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
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 located
in Saskatchewan, less than 10 km from 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
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