{kanada_flagge}Searchlight Resources Inc (TSXV:SCLT,US:SCLTF) has once again significantly expanded its vast battery metals project portfolio in Saskatchewan through low-cost staking. The company announced yesterday that it has staked a 148.6 km² claim block of rare earth pegmatites at Jan Lake, 60 km west of Creighton, Saskatchewan and Flin Flon, Manitoba. Highway 106 runs through the claim block and provides Searchlight with immediate exploration infrastructure and access to the pegmatite targets. Historical sampling indicates anomalous rare metals including beryllium, rubidium, gallium, tantalum, cesium and lithium. There are no royalty fees.
{kanada_flagge}Searchlight Resources Inc (TSXV:SCLT,US:SCLTF) has once again significantly expanded its vast battery metals project portfolio in Saskatchewan through low-cost staking. The company announced yesterday that it has staked a 148.6 km² claim block of rare earth pegmatites at Jan Lake, 60 km west of Creighton, Saskatchewan and Flin Flon, Manitoba. Highway 106 runs through the claim block and provides Searchlight with immediate exploration infrastructure and access to the pegmatite targets. Historical sampling indicates anomalous rare metals including beryllium, rubidium, gallium, tantalum, cesium and lithium. There are no royalty fees.
These new Searchlight claims are adjacent to the north of Searchlight’s Hanson Lake Rare Metals claim block (Map 1). Previous work in this area was largely limited to regional mapping that identified several pegmatite units but did not sample or chemically define them. In addition, some academic work and a single exploration program focused on rare metal pegmatites within one kilometer of Highway 106. Some of the pegmatites within the new claim block have been mapped as beryllium pegmatites with anomalous beryllium, rubidium, gallium, tantalum, cesium and lithium values.
Stephen Wallace, CEO of Searchlight stated, “This newly staked area is a significant addition to Searchlight’s portfolio of high quality critical element targets in Saskatchewan. The Jan Lake Pegmatites had been on Searchlight’s exploration radar for some time and were immediately staked when the area became open.”
Map 1. Location of Searchlight’s Jan Lake Pegmatite claims in Saskatchewan.
Conclusion: Only a few investors have the Canadian province of Saskatchewan on their radar screen. In British Columbia, Quebec or Ontario there are many times more explorers and projects with corresponding news and greater publicity. In principle, the geological conditions for discoveries in Saskatchewan are by no means worse than in other Canadian provinces. It is simply that a fraction has been invested in exploration in Saskatchewan. Searchlight is using the situation in its favor and snapping up favorable opportunities. That is the signature of CEO Steven Wallace.
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