Staking of Gold and VMS Targets in the Flin Flon Greenstone Belt by Searchlight Resources
September 1, 2020
Staking of Gold and VMS Targets in the
Flin Flon Greenstone Belt by Searchlight Resources
• 184.7 sq. kilometres of new claims along major structures
• Total of 314.2 sq. kilometres of claims in Flin Flon region.
Vancouver, British Co lumbia, - September 1, 2020 – Searchlight Resources Inc.
(“Searchlight” or the “Company”) (TSXV:SCLT, US:CNYCF) is pleased to announce the
completion of strategic land acquisition in Saskatchewan within the Flin Flon Greenstone Belt
(“FFGB”) west of the historic mining center of Flin Flon, Manitoba.
Searchlight has been active in recent claim reopening in Saskatchewan staking a total of 25
claims covering 184.7sq. km for a total of 59 claim blocks covering 314.2 sq. km within 40 km
of Flin Flon. This st aking is part of the Company’s long -term strategy to stake highly
prospective gold and base metal targets within the Flin Flon Greenstone Belt as open ground
becomes available. (See Maps 1 & 2)
The new claim block was staked based on the Company’s regional geological evaluation, with
focus on large structures with gold exploration potential comparable to Red Lake and Abitibi
Greenstone Belts. And in keeping with t he Company’s focus on infrastructure and road
access, Highways 106 and 167 traverse the claim s with the majority of the claims within 5km
of the highways and major roads. All are less than an hour drive from Flin Flon.
“From my experienc e in the Red Lake and Abitibi Greenstone Belts I see striking geological
similarities to the FFGB with a fraction of the past exploration” stated Stephen Wallace, PGeo
President and CEO of Searchlight. “This provides real opportunities for Searchlight as it would
be impossible for a Junior exploration company to have our land position in the Abitibi or Red
Lake Greenstone Belts”.
Searchlight considers the Flin Flon Greenstone Belt in Saskatchewan as one of the most
under explored high value mineral explor ation regions in Canada. Historically the exploration
in the FFGB has been for base metal VMS targets, with limited gold exploration when
compared to similar Greenstone Belts. The company will continue to target acquisition of high
value gold and VMS properties in the FFGB.
Map 1: Searchlight Resources Claims – Flin Flon Area
Map 2: Searchlight Resources Recent Staking, July 2020 – Flin Flon Area
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 exploration and
development company focused on Saskatchewan, Canada, which ranked as the top location
for mining investment in Canada by the Fraser In stitute. Searchlight holds a significant land
position within the mineral rich Flin Flon Snow Lake Greenstone Belt. The Company is
currently advancing its Bootleg Lake Project located in Saskatchewan less than 10 km from
Flin Flon, Manitoba, h osting multip le past producing high -grade gold mines and its English
Bay high grade gold project located 10 km from LaRonge, Saskatchewan.
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 date 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 that actual
performance m ay be affected by a number of material factors, many of which are beyond the
Company’s control. Such factors in clude, among other things: risks and uncertainties 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 required under app licable securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information.
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