{kanada_flagge}Searchlight Resources Inc. (TSXV:SCLT; OTCQB:SCLTF) has successfully applied an advanced geochemical exploration technique at its Kulyk Lake Critical Elements Project in Saskatchewan and discovered new rare earth and uranium targets in an extensive pegmatite system from 242 samples. Kulyk Lake was previously known for high-grade rare earth occurrences.
{kanada_flagge}Searchlight Resources Inc. (TSXV:SCLT; OTCQB:SCLTF) has successfully applied an advanced geochemical exploration technique at its Kulyk Lake Critical Elements Project in Saskatchewan and discovered new rare earth and uranium targets in an extensive pegmatite system from 242 samples. Kulyk Lake was previously known for high-grade rare earth occurrences.
Searchlight used mobile metal ion geochemistry (MMI™) technology developed by SGS Canada Inc. for the first time on Kulyk Lake. This technology measures metal ions moving upward from mineralization into unconsolidated surface materials such as soil, cropland, sand and other media. Using careful soil sampling strategies and highly sensitive instrumentation, SGS is able to measure these ions. Once analyzed, MMI data can indicate anomalous areas.
The MMI survey results complement the picture of uranium and thorium anomalies detected by radiometric measurements at the Kulyk Lake Critical Elements project. The MMI results are consistent with known occurrences and indicate new zones of anomalous rare earths (Map 1) and uranium (Map 2).
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However, the new measurement method opens up a whole new approach to exploration. Searchlight therefore plans to expand the MMI surveys. It also plans to further explore the area through additional trenching, geological mapping and additional airborne radiometric surveys in the southern part of the claim block.
Stephen Wallace, CEO of Searchlight commented, “With each phase of exploration at Kulyk Lake, Searchlight is finding new rare earth and uranium targets that appear to be interconnected in a pegmatite system that extends along both sides of Kulyk Lake. This is just the beginning of an exciting future for this project.”
Figure 1: Critical rare earth oxide (CREO) results from the 2022 MMI survey at Kulyk LakeCritical rare earth oxide (CREO) = dysprosium + neodymium + praseodymium + terbium.
Figure 2: Uranium results from the 2022 MMI survey at Kulyk Lake.
Conclusion: the most important finding is that MMI technology works! It likely provides, in conjunction with other methods, an extremely valuable tool for future exploration of Kulyk Lake. The high readings indicate mineralization directly below. The MMI survey reveals larger targets for uranium and rare earths. The southern survey area has a uranium anomaly on the northernmost line, suggesting that the survey should be extended northward to fill the gap between the two zones. The results suggest that the uranium and rare earths form an interconnected large system rather than occurring in separate zones. The source of the uranium has not yet been found in the bedrock. So Searchlight has plenty of material for meaningful exploration. Few junior explorers muster the courage to use a new technology. You can see the hallmark of CEO Stephen Wallace in it.
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