Searchlight Resources Stakes Major Position in the Wapawekka Lake Greenstone Belt in Saskatchewan
September 28, 2020
Searchlight Resources Stakes Major Position
in the Wapawekka Lake Greenstone Belt
in Saskatchewan
• 347.2 sq. km of new claims with gold and base metal targets
• Along a 60-km section of the Wapawekka Lake Greenstone Belt
• Staking based on recently flown Airborne Geophysics
Vancouver, British Columbia, September 28, 2020, - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV:SCLT, US:CNYCF) is pleased to announce the staking of 347.2 square
kilometres of claims in the Wapawekka Lake Gr eenstone Belt, located approximately 40 kilometres
southeast of La Ronge, Saskatchewan.
The staking was b ased on newly published Airborne Geophysics released by the Government of
Saskatchewan and Natural Resources Ca nada (“NRCan”). Searchli ght has staked a 60-km long,
almost completely contiguous, block of claims in the western section of Wapawekka Greenstone Belt.
“This new survey, provided by the Governments of Saskatchewan and Canada , allows Searchlight to
spend its exploration dollars on targets identified by state-of-the-art geophysics. We are excited to be
working in an under -explored area which has significant potential for gold, base metals, and battery
metals. Our new claims represent approximately 50% of this prospective Pre cambrian Greenstone
Belt”, stated Stephen Wallace, CEO of the Company.
On September 17th, 2020, the Government of Saskatchewan released a set of maps and raw data
from the Southern Glennie airborne electromagnetic and magnetic surveys flown over an area 40
kilometres southeast of Lac La Ronge, Saskatchewan in early 2020. The helicopter-borne geophysical
survey by Geotech Ltd. included Electromagnetics using the versatile time-domain electromagnetic
(VTEM™ Max) system, and Aeromagnetics using a caesium magnetometer. The survey covers an
area of 1,110 sq. km, with a total of 6,595 line-kilometres of data at 200-metre line spacing. (See maps
below)
The survey was funded by the Government of Saskatchewan as part of its Mineral Development
Strategy, with technical support for the survey provided by Natural Resources Canada (NRCan). The
Wapawekka Lake Belt, as with much of Saskatchewan, is underexplored and has had only limited
past exploration on its’ gold and base metal targets.
The western end of the new Searchlight claims is road accessible, and approximately two thirds of the
claims are boat accessible from Wapawekka Lake. The location of these new claims allows year-
round 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. (TSX.V:SCLT; US:CYNCF) is a Canadian mineral ex ploration and
development company focused on Saskatchewan, Canada, which has been ranked as the top location
for mining investment in Canada by the F raser In stitute. Exploration focus is on gold and battery
minerals throughout the province, concentrating on projects with road access.
Searchlight holds a significant land position within the gold and base metal rich Flin Flon - Snow Lake
Greenstone Belt. The Company is currently advancing its Bootleg Lak e Project loca ted in
Saskatchewan, less than 10 km from Flin Flon, Manitoba, and hosting 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
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the da te of this news releas e. These statements reflect management’s current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The
Company cautions that all forward-looking statements are inherently uncertain and tha t a ctual
performance m ay be affected by a number of material factors, many of which are bey ond the
Company’s control. Such factors in clude, among other things: risks and uncertainties relating to t he
Company’s limited operating history and the need to comp ly 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 required under app licable securities legislation, the Company undertak es no obligation to
publicly update or revise forward-looking information.
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