Source: Depositphotos Noted U.S. stock market letter writer John Kaiser once compared Stephen Wallace, CEO of Searchlight Resources Inc. (TSXV: SCLT; FRA: 2CC2), to a chess player who prepares his attacks long before he strikes. Now, apparently, such a strategic moment has arrived for Searchlight: Suddenly, the company, hitherto known only in connection with gold and copper projects around the Flin Flon mining camp, is playing a central role in Saskatchwan’s latest uranium hotspot on the edge of the famous Athabasca Basin.
Airborne measurements show high uranium and REE values at Searchlight Resources’ 105 km² Kulyk Lake project. While good REE values were to be expected, the strike length is very a positive indication of a big system, and the uranium discoveries came in a completely new area, virtually just as an incidental aspect of the measurements. Kulyk Lake is located approximately 165 kilometers north of La Ronge, Saskatchewan, and […]
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