Drill hole and bulk sample results - 18 "Chain of Custody" drill hole and 750 pound bulk surface sample analyses on Clarkdale Sl
20 9월 2006 - 11:00PM
PR Newswire (US)
HENDERSON, NV, Sept. 20 /PRNewswire-FirstCall/ -- Searchlight
Minerals Corp. (OTC BB: SRCH) (the "Company") is pleased to
announce that the Company has received Chain of Custody (COC)
analysis results from twelve additional drill holes and a 750-pound
(lb.) bulk sample taken from the slag pile located on the Company's
Clarkdale Slag Project in Clarkdale, Arizona. The following
composite drill hole and bulk sample analyses have been reported to
the Company by Mountain States R&D International (MSRDI):
Summary of Results
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Gold Silver Copper Zinc Iron Results Au (opt) Ag (opt) Cu (%) Zn
(%) Fe (%)
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1. 18 Drill Hole Average 0.46 0.13 0.37 2.47 33.1
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2. 750 lb Bulk Sample Average 0.42 0.06 0.35 2.88 31.0
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1. Drill Hole Results
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Composite Gold Silver Copper Zinc Iron Drill Hole Footage Au (opt)
Ag (opt) Cu (%) Zn (%) Fe (%)
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SD1 0.0 - 55.0 0.210 - 0.70 2.10 32.1
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SD2 0.0 - 60.0 0.213 - 0.73 2.13 34.6
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SD3 0.0 - 109.0 0.228 - 0.37 2.99 33.4
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SD4 0.0 - 80.0 0.190 - 0.39 3.29 32.3
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SD5 0.0 - 89.0 0.229 - 0.39 2.29 30.2
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SD6 0.0 - 50.0 0.216 - 0.36 3.04 32.5
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SD7 0.0 - 111.5 0.667 0.249 0.26 3.10 36.2
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SD8 0.0 - 117.5 0.716 0.140 0.29 2.79 33.3
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SD9 0.0 - 114.0 0.633 0.153 0.34 2.43 32.7
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SD10 0.0 - 112.5 0.669 0.110 0.32 2.57 33.5
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SD11 0.0 - 131.0 0.571 0.127 0.32 2.18 33.4
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SD12 0.0 - 89.0 0.428 0.109 0.31 1.99 32.1
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SD13 0.0 - 127.5 0.590 0.114 0.39 2.86 33.3
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SD14 0.0 - 107.5 0.538 0.139 0.36 2.14 33.0
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SD15 0.0 - 89.0 0.483 0.143 0.33 1.96 32.8
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SD16 0.0 - 118.0 0.633 0.125 0.31 2.49 34.8
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SD17 0.0 - 116.0 0.657 0.116 0.30 2.36 35.0
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SD18 0.0 - 36.0 0.390 0.070 0.22 1.70 31.3
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Average 0.46 0.13 0.37 2.47 33.1
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opt (ounces per ton)
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(SD1-SD6 were previously released by the Company on April 17, 2006)
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MSRDI performed the copper, zinc, and iron analysis using the
fusion assay method, followed by atomic absorption. Gold and silver
analysis was performed by Arrakis, Inc., under the chain-of-custody
of MSRDI, using an acid total digestion method followed by atomic
absorption. 2. Surface Bulk Sample Results
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Gold Silver Copper Zinc Iron Sample Composite Detail Au (opt) Ag
(opt) Cu (%) Zn (%) Fe (%)
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SS1B-1 Surface Bulk Sample 0.361 0.285 0.36 3.00 33.8
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SS1B-2 Surface Bulk Sample 0.422 ND 0.35 2.80 30.4
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SS1B-3 Surface Bulk Sample 0.428 ND 0.33 2.90 30.4
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SS1B-4 Surface Bulk Sample 0.444 ND 0.36 2.80 29.8
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SS1B-5 Surface Bulk Sample 0.434 ND 0.34 2.90 30.6
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Average 0.42 0.06 0.35 2.88 31.0
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ND (None Detected)
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Under Chain of Custody, MSRDI collected a 4,000 lb. bulk sample
comprised of material taken over the entire surface of the 45-acre
slag pile. MSRDI milled 750 lbs of this material through the
Company's pilot plant located in Phoenix, Arizona and subsequently
performed the copper, zinc, and iron analysis using the fusion
assay method, followed by atomic absorption. Gold and silver
analysis of the bulk sample was also performed by MSRDI using the
fire assay method followed by atomic absorption. Results Discussion
Dr. Hewlett, consulting metallurgist and project manager for the
Clarkdale Slag Project, has completed several hundred tests on the
slag material over the past several months, including fire assay,
bench and bulk leaches. The above MSRDI results provide further and
independent confirmation of his conclusions. The drilling results
are significant because they show that the slag pile is relatively
homogenous in metal distribution. The bulk sample results are of
particular interest, as the sample size is large and the milling of
the sample was performed under COC in the Company's pilot plant
using commercially scalable equipment. "While these preliminary
results are very encouraging, we intend to further substantiate the
grade and extractability of the metals by processing several more
COC bulk samples through our pilot plant," stated Ian McNeil,
President and Chief Executive Officer of Searchlight Minerals Corp.
"We are in the final stages of completing the Minerals Study, which
will provide a more accurate estimate of the grade and tonnage of
precious and base metals present in the Clarkdale Slag Pile".
"Meanwhile," added McNeil, "we will continue to operate our pilot
plant in Phoenix, which is designed to establish the efficiency of
the metals processing and recovery circuits that are expected to be
incorporated into a commercial-scale facility at Clarkdale next
year."
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Current Metal Prices
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Gold(x) $572.90/oz
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Silver(x) $10.76/oz
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Copper(x) $3.37/lb
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Zinc(x) $1.46/lb
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As a saleable product
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------------------------------------------------------------- (x)At
the close of September 19, 2006, from http://www.kitco.com/
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Drilling and Sampling Program Between the fourth quarter of 2005
and the third quarter of 2006, a drilling and sampling program was
implemented at the Company's Clarkdale Slag Project under strict
chain-of-custody (COC) sampling by MSRDI. A total of 18 holes
comprising more than 1,700 feet were drilled as part of a Minerals
Study being conducted by MSRDI on behalf of the Company. MSRDI also
obtained a 2-ton bulk sample comprised of samples taken over the
45-acre surface of the slag pile. Approximately 750 lbs. of this
sample were subsequently processed at the Company's pilot plant in
Phoenix, AZ. The Company has retained Dr. Richard F. Hewlett as the
Project Manager for its Clarkdale Slag Project. Under the guidance
of Dr. Hewlett, the Company contracted MSRDI of Tucson, AZ, to
execute a Minerals Study. MSRDI, under the direction of its
president, Dr. Roshan Bhappu, PE, has guided the Minerals Study,
which will include the processing of additional bulk samples to
finalize grade and tonnage. About Searchlight Minerals Corp.
Searchlight Minerals Corp. is a dynamic minerals exploration
company focused on the acquisition and development of projects in
the southwestern United States. The Company is currently involved
in two projects: (1) the Clarkdale Slag Project, which seeks to
recover base and precious metals from the reprocessing of slag
material produced from the smelting of copper ores from former
mines in Jerome, Arizona; and (2) the Searchlight Gold Project,
which involves the exploration for precious metals on mining claims
near Searchlight, Nevada. The Clarkdale Project is the more
advanced of two ongoing projects that the Company is pursuing. The
Searchlight Gold Project, is an early-stage gold exploration
endeavor on 3,200 acres located approximately 50 miles south of Las
Vegas, Nevada. Searchlight Minerals Corp. is headquartered in
Henderson, Nevada, and its common stock is listed on the OTC
Bulletin Board under the symbol "SRCH". Forward-Looking Statements
Statements in this news release that are forward-looking statements
are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with US securities
regulators. When used in this news release, the words such as
"could," "plan", "estimate", "expect", "intend", "may",
"potential", "should", and similar expressions, are forward-looking
statements. The risk factors that could cause actual results to
differ from these forward-looking statements include, but are not
restricted to the Company's limited operating history,
uncertainties about the availability of additional financing,
geological or mechanical difficulties affecting the Company's
planned geological work programs, uncertainty of estimates of
mineralized material, operational risk, environmental risk,
financial risk, currency risk, dependence on joint venture partners
and other statements that are not historical facts as disclosed
under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with securities regulators in the United States.
CONTACT: please visit the Company's website at
http://www.searchlightminerals.com/ or contact the Investors
Relations Department at: Ph: (702) 939-5247, Fax: (702) 939-5249,
email: DATASOURCE: Searchlight Minerals Corp. CONTACT: please visit
the Company's website at http://www.searchlightminerals.com/ or
contact the Investors Relations Department at: Ph: (702) 939-5247,
Fax: (702) 939-5249, email:
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