FEBRUARY 2021
SCLT:TSXV
US:CNYCF
SEARCHLIGHTRESOURCES.COM
CORPORATE PRESENTATION
FOCUS ON HIGH GRADE GOLD
IN SASKATCHEWAN
SCLT TSXV SEARCHLIGHTRESOURCES.COM2
Forward Looking Statements
All statements in this document regarding exploration projects for Searchlight Resources Inc. (“Searchlight”, or “SCLT"), other than
statements of historical fact, are "forward-looking information" with respect to Searchlight within the meaning of applicable Canadian
securities laws, including statements that address future mineral production, reserve potential, exploration drilling, the current or future
price of commodities, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of
mineralization, the timing and results of future resource estimates, or other study, proposed exploration and development of our
exploration properties and the estimation of mineral resources. Forward-looking information is often, but not always, identified by the use
of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends",
"believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases, or state that certain actions,
events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Searchlight to differ
materially from those anticipated in such forward-looking information. Stephen Wallace, PGeo., is the designated qualified person for
Searchlight within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this
document for the Searchlight exploration projects.
SCLT TSXV SEARCHLIGHTRESOURCES.COM3
Company Highlights
• Saskatchewan, Canada – Exploration and Development in one of the
best jurisdictions for mining investments in the world.
• Major focus on High Grade Gold in known Saskatchewan
gold camps, geology similar to Red Lake and Abitibi Gold
camps in Ontario, but underexplored.
• Experienced management, involved with discovery of
multiple mines, collectively raised over $250 million and with
decades of experience in Junior exploration management.
• Skilled exploration team continually evaluating low acquisition
cost opportunities in Saskatchewan, including gold, copper, zinc,
cobalt, vanadium, rare earths, technology elements targets.
• Bootleg Lake targets an extensive gold system with 4 past
producing gold mines and extensive underground workings.
SCLT TSXV SEARCHLIGHTRESOURCES.COM4
Why Saskatchewan?
Safe Jurisdiction, World Class Geology, Cooperative Government and Experienced Work Force
• Saskatchewan has a long mining history with operating gold, copper, zinc, uranium, diamond
and potash mines.
• High grade gold in Saskatchewan. Seabee Mine produced 112,137 ounces gold in 2019 at an average
gold mill feed grade of 9.56 g/t.
• The Fraser Institute rated Saskatchewan the #1 jurisdiction for mining investment in Canada
in 2020.
• Government support including cash for drilling rebate from Saskatchewan government.
• Saskatchewan and Canadian Federal governments provide technical
and financial assistance for exploration in the Creighton – Flin Flon area.
• Straight-forward, responsive and timely permitting.
• Excellent exploration and development infrastructure
and workforce throughout province.
SCLT TSXV SEARCHLIGHTRESOURCES.COM5
Searchlight Resources
Strategic Opportunity-Flin Flon• The Flin Flon Renewal: Gold and Copper Potential
• 30 copper mines including three giant deposits developed by HudBay have created major infrastructure to process base metals and gold but HudBay has run out of ore and Flin Flon is scheduled to go on care and maintenance next year
• Searchlight controls over 300 square kilometers of land with four past producing gold mines and numerous copper drill targets within trucking distance of Flin Flon with plans for immediate drilling
• Development timeframe to cash flow shorter than elsewhere
• Searchlight accumulated land in the down market cycle and is poised to benefit from a new commodities bull market
Project Commodity Stage Highlights Next Phases of ExplorationDrill
Targets
Bootleg Lake AuAdvanced
exploration 4 Past producing gold mines, 7 km south of Flin Flon
Drill at Henning-Maloney
Reopening Rio Mine Yes
Flin Flon North Cu, Zn, Au Drill readyVolcanogenic Massive Sulphide (VMS) drill target
within 15 km of Flin Flon and 777 Mine
Ground geophysics
Diamond DrillingYes
Reef Lake Ni, CuAdvanced
exploration
27 drill holes including
0.66% Ni and 0.28% Cu over 9.8m
Prospecting
UAV geophysics
Wapawekka Lake Cu, Au Grass Roots
347 sq.km of Wapawekka Belt Greenstone Belt
covered by new government VTEM survey
Geophysics Interpretation
Geological Compilation
Duddridge LakeCo, Cu,
V, U
Advanced
explorationJanice Lake style target, Red Bed Copper, Cobalt,
Vanadium
UAV Geophysics
Boulder tracing & MMI
Kulyk LakeRare
Earths
Early stage
exploration
World class results -
greater than 50% REE oxides
Mapping & trenching
UAV geophysicsYes
Hanson LakeRare
MetalsGrass roots Large system of Be, Ga, Rb, Ce, Sn, Li mineralization
Geological mapping
and sampling
SCLT TSXV SEARCHLIGHTRESOURCES.COM6
Searchlight Projects
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Drilling 2021
Two 2021 drill programs planned in the Flin Flon Area
– 20km apart
Beatty South VMS Target
• VMS – Copper, Zinc, Gold target
• 15 km northwest of Flin Flon, 150 m from Highway 106
• Initial drill target based on geophysics
Henning-Maloney High Grade Gold Target
• Drilling to test and verify past producing gold mine area
• 1964 drilling intersected 4.5 oz/ton over 1.5 feet
• 7 km south of Flin Flon, 600m from major road.
BOOTLEG LAKE
HIGH GRADE GOLD IN
SASKATCHEWAN
LARGE GOLD SYSTEM WITH 4 PAST
PRODUCING UNDERGROUND MINES
DRILL READY TARGETS
EXTENSIVE MINE WORKINGS
SCLT TSXV SEARCHLIGHTRESOURCES.COM8
SCLT TSXV SEARCHLIGHTRESOURCES.COM9
Bootleg Lake Summary
• Located in Saskatchewan less than 10 kilometres from the World Class Mining Center of Flin Flon.
• Opportunity to consolidate multiple gold deposits in the Flin Flon area into one large gold project.
• Located in the Flin Flon – Snow Lake Greenstone Belt, one of the most prolific minerals belts in the world.
• 54 square kilometres of claims with main claims in good standing until 2038.
• Covers four past producing high-grade gold mines, from the 1930’s to 1980’s and multiple gold showings.
• Primary near term focus is:
• Henning-Maloney Mine with high grade gold mineralization at surface, and
• Rio Mine with over 1,500 metres of underground workings.
• Drilling planned for 2021 at Henning-Maloney Mine.
SCLT TSXV SEARCHLIGHTRESOURCES.COM10
Bootleg Lake Claims
Location Location Location
• 54 square kilometres of claims
• Main claim blocks in good standing until 2038
• Road access to Creighton and Flin Flon
• Electrical power runs through claims
• Municipal water at northern edge of claim block
• Flin Flon is a major mining centre with required
mining infrastructure
• Airport in Flin Flon with regular scheduled flights
• Skilled workforce with local training centre
• 4 Sites to feed a central mill
SCLT TSXV SEARCHLIGHTRESOURCES.COM11
Four Past Producing
Gold Mines
1 Rio Mine
• Developed in the 1980’s with mill and 1,500 m of
underground workings but closed in 1990 prior to
production due to low gold prices. Mill site reclaimed,
with underground workings still in place for reopening.
2 Henning Maloney
• Operated 1933 to 1941, shaft to 49 metres.
• Historical zone outlined, 200 feet along strike,
5.3 feet wide grading 0.50 oz/ton gold.
3 Newcor
• Operated 1931 to 1949, inclined shaft to 440ft with
4 levels.
4 Wekach
• Operated 1934 to 1935, single shaft in 3,000 ft long
shear zone, 0.53 oz/ton over 6ft in shaft.
Historical Estimates of Bootleg Lake Deposits
Deposit CategoryTons
Reported
Tonnes
Calculated
Oz/Ton
Reported
Grams/tonne
Calculated
Au Ounces
Calculated
Bootleg
(Rio) Reserves 183,871 166,800 0.35 12.0 64,355
Henning
Maloney Proven 15,000 13,600 0.45 15.4 6,750
Possible 43,000 39,000 0.16 to 0.32 5.5 to 11.06,880 to
13,760
Newcor Proven 42,500 38,600 0.31 10.6 13,175
Probable 156,000 141,500 0.31 10.6 48,360
1) All historical estimates above were prepared by Vista Mines Inc, in 1983 through 1987.
2) Note the historical estimate used the terms historical reserves, historical proven and possible reserves and historical proven and probable reserves were prepared before
the introduction of National Instrument 43-101-Standards of Disclosure for Mineral Projects. These historical estimates are considered relevant as the Company uses
historical reports to evaluate historic mines as a guide to plan future exploration programs. The assumption, parameters and methods used to calculate these historical
resource estimates are not known to the Company. The qualified person has not made any attempt to re-classify the estimates according to current NI 43-101 standards
and CIM definitions. In order for these resources to be current, the Company will be required to conduct additional drilling on the Bootleg Property. The Company is not
treating this estimate as current mineral resources or mineral reserves as defined in NI 43-101. Although the historical resource estimate was designated as “reserves”,
it cannot be compared to current mineral reserves as it is not supported by at least a current pre-feasibility study.
3) Data source - ASSESSMENT REPORT ON THE 2014 DIAMOND DRILLING PROGRAM, CREIGHTON PROPERTY DOUGLAS,
BOOTLEG, PHANTOM AND WEKACH LAKE AREAS LARONGE MINING DISTRICT CREIGHTON, SASKATCHEWAN, by
NEW MOON MINERALS CORPORATION by Anthony Spooner, P. Geo., Flin Flon, MB, August 31, 2016.
SCLT TSXV SEARCHLIGHTRESOURCES.COM12
Rio Mine Site
• 1,500 metres of underground workings to 120 metres below surface.
• Electricity within 700 m and municipal water within 2.4 km of Rio Mine Site.
• Easy driving access from Flin Flon.
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Rio Gold Mine – 1980’s
RampArea
Mill
Road to Creighton
SCLT TSXV SEARCHLIGHTRESOURCES.COM14
Bootleg Lake – Rio Mine Timeline
1931-1940
Henning-Maloney Gold
Mines sunk a shaft
to 50 m
1940-41
Henning made several ore
shipments including 352 tons
reported to contain 331 oz Au
1980
Flin Flon Mines Ltd
conducted a 46-hole
diamond drill program
totaling 11,352 m
1982
Flin Flon Mines Ltd started a
ramp decline to a depth of
350 ft. (106.7m)
A 300 ton per day mill
was installed
1986
Vista Mines Inc.
(“Vista) acquires
Rio Mine
1987
Vista opened decline to
explore the lower mine
levels and to allow
drilling to update the
reserves
1988
Vista ships a 20,000 ton
bulk sample that
averaged 4.11 g/t gold,
deemed uneconomic
with low 1988 gold prices
1989
Vista went bankrupt after
hostile takeover
1990
Full mine closure and
reclamation. Portal
entrance covered.
2018
Drilling by Searchlight
extends deposit to 240
metres below surface
2020-21
Planned reopening of
ramp for exploration and
development
Rio Mill 1984 Rio Ramp 1984 Rio Ramp and Mill 1984 Rio Mill 2019
Drill Hole
NumberZones
From
metre
To
metre
Width
metreAu g/t
DDH BL-01 180.0 184.0 4.0 5.24
including 181.0 184.0 3.0 6.55
including 181.0 181.5 0.5 12.24
DDH BL-01 213.0 232.0 19.0 2.09
including 216.0 224.0 8.0 3.23
including 223.0 224.0 1.0 7.65
DDH BL-02 180.0 183.0 3.0 1.34
Including 181.0 1820 1.0 2.04
DDH BL-02 208.0 210.0 2.0 1.54
Including 208.0 209.0 1.0 2.24
DDH BL-02 222.0 227.0 5.0 2.45
including 223.0 227.0 4.0 2.94
including 223.0 225.0 2.0 3.84
DDH BL-02 291.9 295.0 3.1 1.08
Including 294.0 295.0 1.0 1.75
DDH BL-03 197.0 200.0 3.0 0.77
Including 199.0 200.0 1.0 1.44
Note: All widths reported are drill intersected core lengths
and do not represent true widths
SCLT TSXV SEARCHLIGHTRESOURCES.COM15
Rio Mine – 2018 Searchlight Drilling
Purpose of drilling was two-fold
• to confirm gold mineralization.
• to test mineralization beneath known mineralization
in underground workings.
• Confirmed minable ore grades over minable widths
including 19 m zone in DDH BL-01.
• Confirmed gold mineralization below workings to at
least 200m below surface.
Drilling Highlights
• 5.24 g/t gold over 4.0 m including 12.24 g/t gold over 0.5 m
• 2.09 g/t gold over 19.0 m including 3.23 g/t gold over 8.0 m
• 2.45 g/t gold over 5.0 m including 3.84 g/t gold over 2.0 m
• Four ore grade zones intersected in DDH BL-02
Three NQ Diamond Drill Holes totaling
933m completed in March 2018
SCLT TSXV SEARCHLIGHTRESOURCES.COM16
Rio Mine – 2018 Drilling
Drill Section
Note: Underground
working projected
onto plane of drill holes.
SCLT TSXV SEARCHLIGHTRESOURCES.COM17
Future Exploration –
Bootleg Lake
Opportunity for Multiple High-Grade Mines to Feed
a Single Centralized Mill at Rio Mine
Henning Maloney
• Near term drill target on known high grade zone outlined in drilling and
underground sampling
• Historical zone outlined, 200 feet along strike, 5.3 feet wide grading
0.50 oz/ton gold.
Wekach
• Field work to determine exact location of mine and 3000 ft shear zone
for drill targeting.
• Grades to 0.53 oz/ton Au over 6.0 ft in shaft
Rio Fault System
• Rio, Henning Maloney and Wekach Mines are Structurally-Controlled
Mesothermal Lode Gold deposits related to the Rio fault.
• Located at intersection of the Rio Fault with north/south structures.
• Rio Fault runs 4 kilometres from east of Rio Mine to west of Wekach Mine.
• Multiple target intersections that have not been explored.
SCLT TSXV SEARCHLIGHTRESOURCES.COM18
Henning-MaloneyUAV Magnetometer
Survey
DDH From To Interval Au Description
metres metres metres g/t
2-64 53.3 53.9 0.6 8.23 Footwall quartz vein zone in strongly silicified diorite. Qtz vein, 5% combined py, po, cp Five gold
intersections
over 24.6m
57.6 58.8 1.2 1.37 Main shear zone, strongly silicified and carbonatized diorite. With qtz-carbonate stringer
66.1 66.8 0.7 5.49 Main shear zone as above, py seams and qtz stringer
73.6 74.1 0.5 1.37 Moderately silicified diorite with qtz stringer
77.6 77.9 0.3 2.74 Unaltered diorite, blue qtz vein with minor py
3-64 24.2 24.4 0.2 11.66 Strongly chloritized and moderately silicified diorite or andesite inclusion. White qtz stringer
32.1 32.4 0.3 5.49 Strongly silicified, weekly foliated diorite. Qtz stringer with visible gold
4-64 6.6 7.2 0.6 1.37 Alerted diorite with 0.30 m quartz
5-64 7.2 8.0 1.0 11.65 Weakly silicified and chloritized massive diorite with blue qtz vein. Visible gold. Rerun of sample ran 20.57 g/t Au
8-64 30.8 31.3 0.5 0.34 Strongly carbonatized, moderately silicified and chloritized diorite. 15% white qtz stringers, locally with visible
gold. Reruns of sample ran 0.34, 4.80 and 6.51 g/t Au
9-64 9.8 10.2 0.4 2.06 Chloritized and moderately to strongly silicified diorite,10% white qtz stringer Four gold
intersections
over 16.1m
22.6 23.3 0.7 6.17 Main shear zone, moderately silicified, strongly chloritized diorite. 10% blue-grey quartz carbonate stringers.
Coarse disseminated py
23.3 23.8 0.5 154.29* Main shear zone as above. Schistose andesite inclusion. 20% blue grey qtz, 2% py, trace cp. This sample is
reported as a check assay. Original sample not reported.
25.6 25.9 0.3 8.23 Moderately to strongly silicified diorite. Minor py
SCLT TSXV SEARCHLIGHTRESOURCES.COM19
Henning-Maloney
1964 drilling Selected 1964 Drill Results
SCLT TSXV SEARCHLIGHTRESOURCES.COM20
Henning-Maloney – 1940’s
Henning-Maloney Mine
Abandoned Head Frame
Early 1940’s Air Photo
Mine and Mill
MineCamp
Road toCreighton
SCLT TSXV SEARCHLIGHTRESOURCES.COM21
Flin Flon North
Exploring for VMS deposits in the Flin Flon –Snow Lake Greenstone Belt one of the most prolific VMS belts in the world.
• Searchlight competed new airborne survey in 2019, highlighting multiple VMS and gold targets
• First target to be tested is Beatty South VMS target
• Within 15 km of the Hudbay mine, mill and smelter complex. $billion
SCLT TSXV SEARCHLIGHTRESOURCES.COM22
Beatty South Drill Target
Beatty South drill target, with surface expression of Maxwell Plate, overlaying Total Magnetic Intensity (TMI) from 2020 UAV Magnetic Survey.
View from Beatty South drill target area along Highway 106 to the Hudbay mine, mill and smelter complex, approximately 15km away.
CORPORATE
INFORMATION
SCLT TSXV SEARCHLIGHTRESOURCES.COM23
SEARCHLIGHT
SCLT TSXV SEARCHLIGHTRESOURCES.COM24
Corporate Information
Stephen Wallace P.Geo. President, CEO and Director
Mr. Wallace has 35 years experience in the Mineral Exploration and
Development industry from field geologist to President, CEO and
Corporate Director, employed with Junior through Major companies and
government agencies. Mr. Wallace has been the director and executive
of multiple public companies including the founding President and CEO
of Castle Resources. He was VP Exploration of Trade Winds Ventures,
advancing the Block A gold deposit to over 4 million ounces, which was
subsequently bought by Detour Gold for $84 million and will become
Detour Gold’s planned West Detour open pit mine in 2023.
Brian Crawford, CPA, CA CFO
Mr. Crawford has over 30 years experience as a senior financial
executive of private and public corporations. A former partner in a
national firm of chartered professional accountants, Mr. Crawford is
currently the CFO, Corporate Secretary and a Director of several
Reporting Issuers.
Capital Structure
Shares Outstanding 76,978,568
Options Outstanding 7,050,000
Warrants Outstanding 37,133,080
Shares Fully Diluted 121,161,648
Management Ownership 12.2%
SCLT TSXV SEARCHLIGHTRESOURCES.COM25
Company Directors
Alfred (Alf) Stewart, B.SC. Geology, MBA Chairman, Director, VP Corporate Development
Alf Stewart, has a career spanning over 40 years in the resource and investment industries. Mr. Stewart’s career includes time spent
as a geologist, stock exchange regulator, investment banker, analyst and investment advisor.
Mr. Stewart has worked for such firms as Bank of Montreal, Esso Minerals, Erickson Gold Mining, Canaccord Capital, Haywood
Securities, Golden Capital, and Raymond James. He has been involved in financing mining companies for over twenty-five years,
including discoveries in the base and precious metals sectors.
Peter A. Ball Independent Director
Mr. Ball brings close to 30 years of experience as a mining professional at all levels of leadership. Throughout Mr. Ball’s career,
he has held various senior management roles with international precious metals mining companies in corporate finance, securities
trading, mine engineering, business development, corporate communications, public relations and marketing functions worldwide.
Mr. Ball began his career in the late 1980s working as a mining engineer, a technical representative, and in various management
and senior executive roles for numerous companies including Redstar Gold, Columbus Gold, Hudson Bay Mining & Smelting,
Echo Bay Mines Ltd., RBC Dominion Securities, Eldorado Gold Corp., Adriana Resources Inc., and Argentex Mining Corp.
Mr. Ball is currently President, CEO and Director of NV Gold Corporation, is a graduate of the Haileybury School of Mines,
Georgian Business College, UBC’s Canadian Securities Course, and is a member of CIMM.
SCLT TSXV SEARCHLIGHTRESOURCES.COM26
Company Directors
John Kerr, P.Eng. Geologist Independent Director
Mr. Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science (BASc) degree in Geological
Engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. Successful ventures
include recognition and discovery of the Santa Fe gold mine, identification of the Calvada gold mine, and discovery of the Mindora
gold/silver deposit, all located in Nevada.
Mr. Kerr has served as a director of numerous public companies and is currently a Director of Quaterra Resources (TSX.V: QTA)
Eureka Resources (TSX-V:EUK) and Bravada Gold Corp (TSX-V:BVA).
Peter Dueck P.Geo. Independent Director
Mr. Dueck has been involved in the resource exploration industry since 2001, working with a variety of gold, copper, zinc and uranium
companies. Until early 2018, he held the position of Chief Geophysicist for Hudbay Minerals Inc. in Flin Flon, Manitoba. In addition, Mr.
Dueck was President of Pioneer Aerial Surveys Ltd., a wholly owned subsidiary of Global UAV Technologies Ltd., which provides a full
spectrum of Unmanned Aerial Vehicle (UAV) based services and products. He was a founder of Aerial Imaging Resources Inc. (AIR), a
UAV-based geophysical survey company acquired by Global UAV in 2018 and is currently the Principal Geophysicist and CBO for the
Axiom Group.
Mr. Dueck holds a B.Sc. in Geophysics from the University of Saskatchewan as well as an MBA from the University of Wales. His MBA
Dissertation is titled: “Tracking the Cyclical Valuation of the Canadian Junior Resource Sector” focusing on long term exploration trends
and strategies in contrast with commodity prices.
SCLT TSXV SEARCHLIGHTRESOURCES.COM27
Summary
• Searchlight has a compelling portfolio of mining
assets in the best mining jurisdiction in Canada
• Gold Development can be expedited due to
brownfields mine site, extensive underground
• workings and nearby mining center
• Bulk tonnage mining concept can be developed
with modest resources similar to Atlantic Gold
• Flin Flon mining camp is the best copper mining
district in Canada but has been neglected by
• HudBay and other companies
• Recent discovery in the district is likely to attract
investor interest to Searchlight
SCLT:TSXV
US:CNYCF
SEARCHLIGHTRESOURCES.COM
#408 – 1199 West Pender Street
Vancouver, BC V6E 2R1
604.331.9326
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