Searchlight Resources (TSXV: SCLT, FSE: 2CC2, OTC: CNYCF) is a Canadian mineral exploration and development company that explores for gold, uranium, and battery minerals in Saskatchewan. Saskatchewan has been ranked as the top location for mining investment in Canada by the Fraser Institute. Searchlight has over 1300 square kilometers of claims in the province.
Kulyk Lake South Uranium Project
The Kulyk Lake South Uranium Target is located in the Kulyk Lake claims area. The total area of the claims is 317.1 square kilometers, which is about 165 km north of La Ronge, Saskatchewan, and 65 km south of the Key Lake Mine. Searchlight Resources has 100% ownership to these claims.
Kulyk Lake is in the Wollaston Domain. The Wollaston Domain is a belt of rocks that are the basement of most of the uranium mines in the eastern Athabasca Basin.
In September 2021, Special Projects Inc. of Calgary, Alberta, completed high-resolution aeromagnetic and radiometric surveys covering approximately 39 sq km of the Kulyk Lake claims. This survey outlined a significant new uranium target located approximately 2.5 kilometres to the southwest of the Kulyk Lake REE showing.
The radiometric survey found uranium showings including the Eldorado showing with a history of 0.785% U3O8. The new, anomalous uranium zone has multiple high values, up to 5.74 ppm.
408 – 1199 West Pender St.
Vancouver, B.C. V6E 2R1
Tel: (604) 331-9326
Email: [email protected]
Searchlight Resources Stock Performance & Market Cap
Stock Symbols – TSXV: SCLT, FSE: 2CC2, OTC: CNYCF
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Don’t forget to take a look at these uranium stocks to include in your portfolio.
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