Searchlight Resources Stakes Beryllium and Tourmaline Pegmatites in Saskatchewan
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
February 27, 2023
Searchlight Resources Stakes
Beryllium and Tourmaline Pegmatites in Saskatchewan
• New Staking of 7 pegmatite occurrences in Saskatchewan
• 5 occurrences host Beryllium and Tourmaline pathfinder minerals for
Lithium-Cesium-Tantalum (LCT) Pegmatites
Vancouver, British Columbia, February 2 7, 2023 - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV: SCLT, OTCQB: SCLTF) is pleased to announce the staking of seven pegmatite
occurrences in Saskatchewan.
Searchlight has continued research on possible Lithium-Cesium-Tantalum (LCT) pegmatites in
Saskatchewan resulting in new staking of seven targets. Five of these targets ha d previously been
known to host Beryllium and Tourmaline, two common pathfinder minerals for LCT pegmatites.
In addition, the Company staked two larger areas that have been mapped as pegmatites by the
Saskatchewan Geological Survey, both with highway access. There has been very limited geochemical
sampling of these two areas, so the pegmatites have not yet been classified.
“Saskatchewan is becoming one of the hot spots in Canada for lithium exploration and the Company is
utilizing its local knowledge to add this collection of possible LCT pegmatite occurrences to the
Company’s portfolio of critical element projects in Saskatchewan ”, stated Stephen Wallace,
Searchlight’s CEO.
Highlights of the new claims:
1. Northern extension of the Upper Sturgeon-Weir Beryliferous Pegmatite Field - three claims
totaling 2,517 hectares located approximately 5 km west of Highway 135.
2. Hickson Lake Beryliferous (Rare Metal) Pegmatite - one claim of 954 hectares located at the
north end of Hickson Lake, approximately 3 km west of the electrical transmission line from
Island Falls Hydroelectric Station to the Key Lake Mill, and approximately 6 km from
Searchlight’s Reef Lake copper-nickel prospect.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
3. Bear Beryliferous Pegmatites - one claim of 1,699 hectares located approximately 20 km north
of Pelican Narrows.
4. Golden Lake Tourmaline-Bearing Pegmatite - one claim of 610.5 hectares located
approximately 25 km southwest of Island Falls and approximately 2 km east of the electrical
transmission line from Island Falls Hydroelectric Station to Flin Flon.
5. Sandfly Lake Tourmaline-Bearing Pegmatites - four claims totaling 5,312 hectares covering
two separate Tourmaline-Bearing Pegmatite occurrences. These claims adjoin the western
side of Searchlight’s Duddridge Copper-Uranium-Cobalt claims.
6. Davin Lake Pegmatites - 21 claims covering 27,632 hectares that have been mapped as
pegmatitic aplogranite by the Saskatchewan Geological Survey. Highway 905 runs through the
eastern portion of the claims, and Davin Lake Airfield is surrounded by the claims.
7. Highway 135 pegmatites - five claims covering 5,399.7 hectares that have been mapped as
diatexitic wacke (30-70% pegmatite and melt) by the Saskatchewan Geological Survey. The
claims are approximately 25 km north of Pelican Narrows, and Highway 135 runs through the
claims.
Searchlight will review these claims in detail and plan for future exploration.
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
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
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
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