Searchlight Resources Inc (TSE:SCLT) has released an update.
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Searchlight Resources Inc. has identified a promising Exploration Target at their Robinson Creek Gold Project, estimating a range of 77,000 to 154,000 ounces of gold based on the review of 70 historic drill holes. This target, located in a known gold-rich region and amenable to open-pit mining, indicates a substantial gold system with further work planned to upgrade the Exploration Target to a Mineral Resource. The company’s recent fieldwork corroborates the potential for near-term mining with high-grade gold findings.
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