Searchlight Resources Inc. (TSXV:SCLT) has completed an Airborne Magnetic Survey at the Robinson Creek Gold project, located approximately 15 km west of Creighton, Saskatchewan, in the historic Flin Flon mining camp in Canada.
The Robinson Creek Gold Project consists of seven claim blocks covering 2.93 square km located approximately 15 km northwest of Searchlight’s Bootleg Lake claims. The project was optioned in July 2021, and in September 2021 Searchlight completed an Airborne Magnetic Survey covering the entire claim block at 50 m line spacing. The survey results highlight the area of historical drilling along the Mosher Lake Shear Zone.
“At Searchlight, we are encouraged that the airborne survey shows good correlation with gold mineralisation from past drilling, and also suggests further potential along strike and at depth”, said Stephen Wallace, Searchlight’s CEO.
Concurrent with this airborne survey, an initial site visit was made in September 2021, confirming the presence of gold mineralization with multiple grab samples assaying over 10 g/t gold, including samples of 19.31 g/t Au and 17.17 g/t Au.
The Robinson Creek target comprises three gold zones – the Vein, Bleiler, and Quartz Zones – over a strike length of approximately 1 km along the Mosher Lake Shear Zone. The Robinson Creek target is a structurally controlled mesothermal lode gold system, with considerable historical exploration which includes geologic mapping, trenching, soil surveys, airborne and ground geophysical surveys, and 70 diamond drill holes.
The company continues the digitising and interpretation of the historic drilling. Planning is underway for a summer field programme of trenching, sampling, and mapping to determine the full extent of surface mineralisation.
Hanson Lake Rare Metals Project
Searchlight also revealed that the company has entered an option agreement with Willgrass Resources Inc. of Alberta, Canada, on the Hanson Lake project. This project, which covers 1,236 hectares, is located in Saskatchewan, approximately 65 km west of the world-class mining centre of Flin Flon.
- Option enables Willgrass to earn 50% interest in Hanson Lake project
- 50/50 Joint Venture to be finalised on completion of option
- Exploration targets include Base Metals and Rare Element Pegmatites
The option agreement enables Willgrass to earn a 50% interest in the project by completing assessment work of $50,000. On the completion of this expenditure, Searchlight and Willgrass will form a 50/50 joint venture to continue exploration on the Hanson Lake claim. Highway 106 crosses this claim, and the base metal and pegmatite targets are located within a kilometre of the highway.
“We are pleased to welcome Willgrass as a partner in exploring this area, which is prospective for both Base Metals and Rare Metals. We look forward to leveraging Willgrass’s experience in the area for our mutual benefit,” Mr Wallace said.
For further information please visit: https://www.searchlightresources.com/
