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VANCOUVER, BC / ACCESSWIRE / February 27, 2023 / Searchlight Resources Inc. ("Searchlight" or the "Company") (TSXV:SCLT)(OTCQB: SCLTF) is pleased to announce the staking of seven pegmatite occurrences in Saskatchewan.
Searchlight has continued research on possible Lithium-Cesium-Tantalum (LCT) pegmatites in Saskatchewan resulting in new staking of seven targets. Five of these targets had previously been known to host Beryllium and Tourmaline, two common pathfinder minerals for LCT pegmatites.
In addition, the Company staked two larger areas that have been mapped as pegmatites by the Saskatchewan Geological Survey, both with highway access. There has been very limited geochemical sampling of these two areas, so the pegmatites have not yet been classified.
"Saskatchewan is becoming one of the hot spots in Canada for lithium exploration and the Company is utilizing its local knowledge to add this collection of possible LCT pegmatite occurrences to the Company's portfolio of critical element projects in Saskatchewan", stated Stephen Wallace, Searchlight's CEO.
Highlights of the new claims:
Searchlight will review these claims in detail and plan for future exploration.
Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
Searchlight Resources Inc. (TSXV: SCLT, OTCQB: SCLTF) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. Exploration focus is on battery minerals and gold throughout the province, concentrating on projects with nearby infrastructure.
On behalf of the Board of Directors, "Stephen Wallace" Stephen Wallace, President, CEO and Director SEARCHLIGHT RESOURCES INC.
For further information, visit the Company's website at www.searchlightresources.com or contact:
Searchlight Resources Inc. Alf Stewart, VP Corporate Development (604) 331-9326 [email protected]
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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