Highlights
Phase 1 results
Results of 0.067% (670 ppm) U3O8, and 0.054% (540 ppm) U3O8 in grab samples
0.95% (9,464 ppm) TREO in grab sample, including 1,750 ppm Nd2O3, 524 ppm Pr2O3, 39.6 ppm Dy2O3
0.85% (8,495 ppm) TREO in grab sample, including 1,563 ppm Nd2O3, 479 ppm Pr2O3, 53.4 ppm Dy2O3
Phase 2 with Mobile Metal Ion (MMI) geochemical survey underway
Searchlight Resources has engaged
The MMI survey will also cover 3 historic uranium and rare earth showings found by prospecting in 2010.
Rock sample JBKJR027 - An outcrop grab sample of a syenite with minor pegmatite, with visible radioactive oxides. Analyses returned 6,750 ppm U (0.81% U3O8), 2,280 ppm Th, and 2,025 ppm TREE+Y.
Rock sample JBKJR025 - Pegmatite with visible Th-phosphate. Analyses returned 171,000 ppm Th (17.1%), 350 ppm U, 1,227 ppm TREE+Y.
Yellow Brick Road showing - A pegmatite dyke swarm with an exposed strike length of over 60 m with anomalous radioactivity readings and secondary yellow uranium staining. A weighted composite from a 2.3m trench produced 213 ppm U.
In
Rare Earth Sampling Results
A total of 18 grab samples were collected over a 1.2 km strike length of the northern rare earth zone, and several samples returned anomalous rare earth values. The most significant results were:
Sample 232903 with 0.95% (or 9,464 ppm) TREO in grab sample including 1,750 ppm Nd2O3, 524 ppm Pr2O3, 39.6 ppm Dy2O3 and
Sample 232901 with 0.85% (or 8,495 ppm) TREO in grab sample including 1,563 ppm Nd2O3, 479 ppm Pr2O3, 53.4 ppm Dy2O3.
Some samples were also anomalous in Rare Metals including Rubidium and Gallium and will require further investigation. A 10kg sample of rare earth-bearing monazite from the Fanta showing was collected for metallurgical and petrographic testing..
'Given the large area covered by the prospecting we are pleased with the quality of the initial results from a limited number of samples. This validates the concept of using airborne radiometric thorium data as a pathfinder for Rare Earths and increases the potential of the 6-kilometer long Rare Earths prospecting zone on the north side of Kulyk Lake', said
Uranium Sampling Results
A total of 49 samples were collected over a 1.5 km strike length, with 12 anomalous samples assaying over 100 ppm U3O8. Two samples from this southern uranium zone returned assays of 0.067 % (670 ppm) U3O8, and 0.054% (540 ppm) U3O8. The results indicate the potential of a Rossing style bulk tonnage uranium deposit in a granitic pegmatite target. Further prospecting and systematic sampling would be required.
'Further assessment is needed to determine continuity and grade of the newly identified uranium zones with those previously identified on the property', said
Sample analysis
Samples were collected by geologists of the
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About
Searchlight holds a 317.1 square kilometre land position at Kulyk Lake within the Wollaston Domain in
Contact:
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T: (604) 331-9326
E: info@searchlightresources.com
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