Date: Dec 6, 2018
Based on a 2012 exploration program that identified high-grade cobalt and vanadium at the Duddridge Lake project in Saskatchewan, Searchlight Resources (TSX-V: SRCH) decided to acquire the property located some 75 kilometers northwest of the town of La Ronge.
“With the increasing interest in battery technology utilizing both vanadium and cobalt, the Duddridge project represents an excellent project for Searchlight’s team to explore,” Stephen Wallace, CEO and President of Searchlight, said in a press release.
Duddridge consists of four mineral claims totaling 3,051.6 hectares. The property hosts stratabound uranium and copper mineralization with abundant polymetallic mineral occurrences associated with basal quartz conglomerate and carbonaceous-bearing lenses in red bed arkose.
Back in 2007, Fission Energy announced a historical inferred resource estimate of 227,880 tonnes with a grade of 2.14 lbs/tonne U3O8.
