Searchlight Resources Stakes High Grade Kulyk Lake Rare Earth Project
TSXV: SCLT
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Searchlight Resources Stakes
High Grade Kulyk Lake Rare Earth Project
• 56.18% TREO, including 12.49% CREO in historic grab sample
including 9.61% Nd2O3, 2.71% Pr6O11 and 1,194 ppm Dy2O3 1
• 45.10% TREO, including 10.08% CREO in historic 0.6m trench sample
including 7.64% Nd2O3, 2.29% Pr6O11 and 1,114 ppm Dy2O3
Vancouver, British Columb ia, June 4 , 2019 , - Searchlight Resources Inc. (“Searchlight” or the “Company”)
(TSX-V: SCLT) is pleased to announce the staking of Kulyk Lake Rare Earth project located approximately 165
kilometres north of La Ronge, Saskatchewan and 65 km south of the Key Lake Mine.
Searchlight has staked a 592.8 hectare claim covering the Kulyk Lake Rare E arth target in north central
Saskatchewan. Historically the Kulyk Lake area had be en explored for uranium, followed by preliminary rare
earth exploration in 2009 and 2010 when rare earth prices spiked. The past claims had expired, and
Searchlight acquired the project by staking as part of the Company’s systematic evaluation of exploration
targets in Saskatchewan. In addition to the Kulyk Lake rare earth target, the claim block also covers 7
additional rare earth, uranium and thorium showings and sample locations.
“Kulyk Lake , with the high grade Rare Earth results, represents a high potential exploration target for
Searchlight and shows the value of continual project evaluation. With the option of New York Canyon in
Nevada, our future focus shifts increasingly to Saskatchewan, one of the best mining jurisdictions in the world”,
stated Stephen Wallace, President and CEO of Searchlight.
In 2009 a small number of grab and chan nel samples were collected and analysed with a rare earth analytical
package at the Saskatchewan Research Council Laboratory. The results included 56.18% Total Rare E arth
Oxides (“TREO”), including 12.49% Critical Rare Earth Oxides (“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. A full list of al l rare earth oxide results are presented in Table 1. Note:
Critical Rare Earth Oxides (CREO) is the sum of Pr6O11 + Nd2O3 + Tb4O7 + Dy2O3.
This work was followed up in 2010 with a series of trench samples, with some of the samples analysed with the
same rare eart h analytical package at the Saskatche wan Research Council Laboratory. Selected results
include trench samples DFKJR026 with 45.1% TREO and 10. 08% CREO ov er 0.6 metres, DFKJR025 with
1 TREO, CREO and individual Oxide values shown in Table 1.
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 Grou p metasedimentary gneisses. A narrow zone of deep pink to
red coarse-grained granite encloses the mineralized fractures. The showing is a fracture filling "ore-vein".
Data sources for assays are:
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 Tre nching and Prospecting Programs for the Baska-Eldorado
Project; 99 Capital Corporation, Saskatchewan Industry and Resources for Assessment
The results presented are historic al 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 Searchl ight's Qualified Person within the meaning of N ational Instrument 43-101
and has reviewed and approved the technical information contained in this news release.
About Searchlight Resources Inc.
Searchlight Resources Inc. is a Canadian mineral exploration and development company listed on the Toronto
Venture Exchange (TSX-V: SRCH). The corporate strategy of the company is:
• to explore and develop opportunities in safe, low risk juris dictions. The Company hold s claims in
Saskatchewan and Ontario, Canada and Nevada, USA. These are three of the top seven jurisdictions
in the world for mining investment, as ranked by the Fraser Institute
• to target known highly productive geological belts , including the F lin Flon – Snow Lake Greenstone
Belt, the Abitibi Greenstone Belt and the Walker Lane Structural Belt
• to acquire high quality projects, close to infrastructure, focusing on road access
• to work closely with stakeholders , including First Nations, Metis, local and provincial governments and
local contractors to advance mineral exploration and development in a s afe and environmentally sound
manner.
Searchlight holds a portfolio of gold, co balt, copper, vanadium and specialty metal projects from grassroots
stage to advanced exploration and NI43-101 resource development.
TSXV: SCLT
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
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%
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 0.8630 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 0.0270 0.0046 0.2858 0.0068 30.60 6.82
AGKJR003 0.7m Channel 9.48 0.0471 0.0410 0.0290 0.1461 0.0046 4.61 <0.002 3.24 0.91 <0.002 0.3004 0.0188 0.0034 0.2070 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 2.00 0.0103 0.0068 0.0070 0.0322 <0.002 0.98 <0.002 0.69 0.20 <0.002 0.0684 0.0035 <0.002 0.0406 <0.002 4.03 0.90
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 9.80 0.0471 0.0342 0.0348 0.1576 0.0046 4.77 <0.002 3.35 1.00 <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 0.1960 0.0094 0.0023 0.1016 0.0034 12.50 2.76
DFKJR025 0.7m trench 12.05 0.0735 0.0524 0.0441 0.2059 0.0080 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 0.0800 0.3611 0.0091 11.03 <0.002 7.64 2.29 <0.002 0.7714 0.0376 0.0091 0.4420 0.0103 45.10 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.
On behalf of the Board of Directors,
“Stephen Wallace”
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
Contact: Searchlight Resources Inc.
Investor Relations
(604) 331-9326
Forward-Looking Statements
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