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Searchlight Resources Begins Field Work on Rare Earth and Uranium Targets on Kulyk Lake Exploration Project – Yahoo Finance – 152news
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VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Searchlight Useful assets Inc. (“Searchlight” or the “Agency”) (TSXV:SCLT)(OTC PINK:CNYCF)(FSE:2CC2) is joyful to announce The start of area work on The company’s Kulyk Lake Unusual Earth Factor (“REE”) enterprise, located roughly 165 km north Of L. a. Ronge, Saskatchewan, and 65 km south of The important factor Lake Uranium Mine.

Highlights

  • Searchlight has been granted a permit for floor exploration at Kulyk Lake

  • Field work Adjust to-up of September 2021 radiometric survey

  • Prospecting and grid sampling deliberate on beforehand unacknowledged uranium zone

  • Prospecting and grid sampling deliberate for 3-km Thorium / Unusual Earth zone

On June 13, Searchlight was granted a Crown Useful resource Land Work Authorization by the Saskatchewan Ministry of the Environment, and on June 21 started preliminary area work on the Kulyk Lake Unusual Earth and Uranium Project. The work will Think about The outcomes of the radiometric survey accomplished in September 2021, which outlined vital new thorium and uranium goals (see press launch https://searchlightassets.com/information/2021/searchlight-assets-defines-new-rare-earth-and-uranium-goals-on-kulyk-lake-exploration-enterprise/)

“The primary goal of this half of exploration Shall be to floor-fact two fantastic, huge radiometric goals, Definitely one of thorium And positively one of uranium”, said Stephen Wallace, CEO.

The deliberate area work will Think about prospecting and grid sampling of the beforehand unacknowledged uranium goal and The three-km sizey thorium anomaly outlined by the radiometric survey (Map 1). Searchlight makes use of thorium as a pathfinder for rare earth parts Inside the mineral monazite, which is the principal mineral Inside the acknowledged Kulyk Lake REE displaying.

The very biggest thorium worth from the 2021 radiometric survey was located over the acknowledged Kulyk Lake REE trenches (Map 2), which yielded historic assays of 56.18% Complete Unusual Earth Oxides. Furthermore, the radiometric survey recognized the Kulyk Lake goal as An element of A a lot hugeger anomalous thorium zone, As a lot as 6 kilometres in size. The preliminary exploration plan is to prospect the southern half of the zone to the west of Kulyk Lake.

As properly as, the geological group will collect monazite samples from the historic Kulyk Lake REE trenches. These samples Shall be used for detailed chemical evaluation, petrographic research and preliminary metallurgical testing.

Uranium end outcomes from the 2021 radiometric survey recognized An monumental, beforehand unacknowledged uranium goal (Map 3), As properly as to pinpointing acknowledged uranium displayings, collectively with the Eldorado displaying with historic assays of 0.785 % U3O8. The newly recognized anomalous uranium zone had a quantity of extreme worths collectively with the extremeest uranium worth of this survey. The June 2022 exploration plan On this space is preliminary prospecting of the cluster of extreme worths, adopted by grid scintillometer survey and rock sampling.

Searchlight Useful assets Inc, Thursday, June 23, 2022, Press launch picture

Searchlight Useful assets Inc, Thursday, June 23, 2022, Press launch picture

Searchlight Useful assets Inc, Thursday, June 23, 2022, Press launch picture

About Kulyk Lake

The 37 Kulyk Lake claims have been all acquired by staking and are 100% held by Searchlight Useful assets with no royalties. The claims cowl an space of 346.7 sq. kilometres.

Licensed Particular person

Stephen Wallace, P.Geo., is Searchlight’s Licensed Particular person Contained in the which Method of Nationwide Instrument 43-101 and has reviewed and accredited the technical information contained On this information launch.

About Searchlight Useful assets Inc.

Searchlight Useful assets Inc. (TSXV:SCLT, US:CNYCF, FSE:2CC2) is a Canadian mineral exploration and enchancment company focused on Saskatchewan, Canada, which has been ranked As a Outcome of the very biggest location for mining funding in Canada by the Fraser Institute. Exploration focus is on Unusual Earth Factors, uranium, battery minerals and gold all by way of the province. Searchlight holds over 1,395 sq. kilometres of claims in Saskatchewan.

On behalf of the Board of Directors,

“Stephen Wallace”

Stephen Wallace, President, CEO and Director

SEARCHLIGHT RESupplyS INC.

For further information, go to The company’s internet website at www.searchlightassets.com or contact:

Searchlight Useful assets Inc.
Alf Stewart, Chairman
(604) 331-9326
information@searchlightassets.com

Forward-Wanting Statements

Information set forth On this information launch incompanys forward-looking statements That …….

Source: https://finance.yahoo.com/news/searchlight-resources-begins-field-rare-203500491.html

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