{kanada_flagge}Canadian mineral explorer and developer Searchlight Resources (TSXV: SCLT; FRA: 2CC2) has completed the first airborne magnetic survey at its recently acquired Robinson Creek gold project in Canada’s Saskatchewan mining region. The results (see Figure 1) show that Cameco’s historical drill holes almost exactly coincide with a magnetic anomaly. Stephen Wallace, Searchlight’s Chief Executive Officer, expressed satisfaction with the results: “We at Searchlight are encouraged that the airborne survey shows good correlation with gold mineralization from previous drill holes and also indicates further potential along strike and at depth.”
Accompanying the airborne survey, an initial site visit was previously conducted in September 2021 which confirmed the presence of gold mineralization with multiple grab samples returning greater than 10 grams per tonne gold, including samples of 19.31 g/t Au and 17.17 g/t Au. (See news release dated October 7, 2021.)
The Robinson Creek gold project, located approximately 15 km west of Creighton, Saskatchewan, in the Flin Flon mining region, comprises three gold zones known as the Vein, Bleiler and Quartz zones, extending over a strike length of 1 km. Robinson Creek is located 15 km northwest of the Company’s Bootleg Lake claims. These are seven claim blocks covering an area of 2.93 km².
Figure 1: Magnetic data confirms that Cameco drilled in the right place at the time.
Searchlight continues to digitize and interpret the historical drill holes. A field program of prospecting, sampling and mapping is planned for the summer to determine the full extent of surface mineralization. Otherwise, Searchlight is focusing on further exploration of its Kulyk-Lake uranium and rare earths project this spring.
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