Searchlight Resources files Robinson NI 43-101 report

Executive Summary

• Searchlight Resources Inc. has completed and filed a National Instrument 43-101 technical report for its Robinson Creek gold project, located near Creighton, Sask., and Flin Flon, Man.
• The report provides a comprehensive analysis of historic exploration data and outlines a two-phase exploration strategy for 2026, including surface mapping and drilling to verify historical high-grade results.
• The company has defined an initial exploration target of 2–3 million tonnes at grades of 1.20–1.60 g/t Au, amenable to open-pit mining, based on historical drill data and recent geophysical surveys.

Key Details

• Report Scope: The NI 43-101 report covers historic exploration (1940s–1980s) by Hudbay and Saskatchewan Mining Development Corp., as well as Searchlight’s exploration activities from 2021 to 2025.
• Exploration Strategy:
  • Phase 1: Detailed surface mapping and prospecting to utilize new outcrop exposure, planned for summer 2026.
  • Phase 2: Twinning of select historical drill holes to verify past high-grade results, following the surface exploration.
• Initial Exploration Target: Ranges from 2 million to 3 million tonnes with grades between 1.20 g/t and 1.60 g/t gold.
• Historical Data Summary:
  • Compilation of 70 historical drill holes totaling 9,618 metres from the 1940s and 1980s.
  • 60 drill holes contain gold intersections greater than 1.0 g/t Au.
  • 45 gold intersections exceed 2.0 g/t Au over at least one metre.
• Significant Historical Intercepts:
  • DDH 81-2: 2.46 g/t Au over 57.60 m.
  • DDH HB-6: 7.59 g/t Au over 10.94 m.
  • DDH R07-1: 3.80 g/t Au over 21.00 m.
  • DDH 81-1: 2.15 g/t Au over 32.00 m.
• Geological Context:
  • Mineralization extends at least 1,000 metres along the Mosher Lake shear zone.
  • Recent airborne magnetic surveys outline potential along strike and south of known zones.
• Project Location: Approximately 16 km west of Creighton, Sask., and Flin Flon, Man., and 15 km from Searchlight's Bootleg Lake brownfield mine site.
• Qualified Person: Ty Magee, PGeo, of Axiom Exploration Group Ltd., prepared the report. Stephen Wallace, PGeo, is the company’s Qualified Person who reviewed and approved the technical information.
• Disclaimers: Management cautions that presented drill results are historical and have not been independently verified by Searchlight. The exploration target is conceptual, and insufficient drilling exists to define a mineral resource.

Notable Quotes

• "We are excited to announce the completion of this comprehensive review of exploration on the Robinson Creek project. This report and the company's planned exploration will be the next step to defining a gold deposit at Robinson Creek," stated Stephen Wallace, chief executive officer of Searchlight.
• "Given the current gold prices, the Robinson Creek project is becoming a considerable asset to Searchlight and its shareholders."