{kanada_flagge}Searchlight Resources Inc (TSXV: SCLT; OTCQB: SCLTF; FRA: 2CC2) has refined its large Wapawekka claim block 70 kilometers southeast of La Ronge, Saskatchewan. The Wapawekka Lake Greenstone Belt is part of a giant Proterozoic aged volcanic and sedimentary complex that has yielded world class copper and zinc mines at Flin Flon, Snow Lake and Mcilvenna Bay. Searchlight has followed up on a detailed geophysical survey funded by the Saskatchewan and Canadian governments.
{kanada_flagge}Searchlight Resources Inc (TSXV: SCLT; OTCQB: SCLTF; FRA: 2CC2) has refined its large Wapawekka claim block 70 kilometers southeast of La Ronge, Saskatchewan. The Wapawekka Lake Greenstone Belt is part of a giant Proterozoic aged volcanic and sedimentary complex that has yielded world class copper and zinc mines at Flin Flon, Snow Lake and Mcilvenna Bay. Searchlight has followed up on a detailed geophysical survey funded by the Saskatchewan and Canadian governments.
Searchlight has now reduced its claim area from 347.2 to 89.1 square kilometers. At the same time, the company has added eight new claim blocks to its portfolio focused on base metals and identified a total of 24 drill-ready targets. These targets are strong VTEM anomalies which have been modelled using sophisticated computer modelling to yield three dimensional targets known as Maxwell Plates.
Stephen Wallace, CEO of Searchlight commented, “Searchlight has identified 24 conductive VTEM zones that may represent volcanogenic massive sulphide (or base metal) mineralization similar to numerous copper-zinc orebodies in the Flin Flon Camp, 150 km east of the Wapawekka area.”
Map 1: Updated Wapawekka claims and drill targets.
Summary: Saskatchewan is highly underexplored compared to other provinces in Canada. It is hard to imagine a portfolio as large as Searchlight has built in Saskatchewan in other provinces. The Wapawekka Lake Belt, like much of Saskatchewan, is under-explored and has had limited exploration for its gold and base metal targets in the past. Searchlight has four other drill-ready projects. The focus is currently on the Kulyk Lake rare earth project. However, the portfolio also includes critical metals such as uranium, nickel, lithium as well as gold projects.
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