- Searchlight Resources (SCLTF, Financial) identified approximately 15 new gold exploration targets at Bootleg Lake, Saskatchewan.
- The survey confirmed structural complexity at existing mine sites, enhancing potential exploration outcomes.
- The Bootleg Lake project includes three past-producing gold mines, with the Rio Mine offering reopening potential.
Searchlight Resources Inc. (SCLTF) has reported promising new findings from an airborne magnetic data survey at its Bootleg Lake Gold project in Saskatchewan. The analysis revealed approximately 15 new zones of structural complexity, which are considered potential targets for future gold exploration.
The survey, utilizing the Oasis montaj TM CET Grid Analysis system, covered 359 line-kilometers with 50-meter spacing, focusing on approximately 16 square kilometers of the total 49.9 square kilometer property. This advanced data processing method allowed for the identification of structurally complex zones, correlating with known mines such as Rio, Henning-Maloney, and Wekach along the Rio Fault Zone.
In addition to reconfirming structural complexity at these existing sites, the survey located new targets near the West Arm Shear Zone, a significant geological structure within the western Flin Flon Greenstone Belt. Searchlight Resources plans to conduct follow-up drill testing in these newly identified areas to evaluate gold mineralization potential.
The Bootleg Lake project, situated 7 kilometers from Creighton, Saskatchewan, and Flin Flon, Manitoba, features three high-grade, past-producing gold mines. Notably, the Rio Mine includes 1,500 meters of underground workings that are being considered for reopening, providing further exploration opportunities. This initiative marks a significant step in Searchlight Resources' ongoing exploration efforts in this region.
