Searchlight Resources Inc (SCLTF)

[pmunch]

The stock ran a bit when several of us bought up a lot of shares last year or over 14 months ... October 2010

The stock has never been promo'd or advertised, still under the radar. The proof is in the ground and time will prove this a winner. No dilution, TSX-Venture listed = CNC, fully reporting.

Share Structure confirmed by IR 9/29/2011.

CNYC A/S= 131,666,666 per 10K F1
Issued = 68,396,934
Held by Insiders: ~85%Options O/S = 3,548,417 ($0.27 (weighted avg.)
Float = ~ 10,000,000


Read the CEO's bio. He puts mines into production, albeit slowly.
He has the connections and know how, he does not sell stock, like other penny miners do

They are on the up and up and are doing things step by step, adding properties, reestablishing estimates and making the NI 43-101 current on each property

This is not a trader or a flipper, it is an Investment IMO

Phase I Exploration Program

The exploration program will involve the following:

• Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
• Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
• Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
• Apply for permits to drill the Copper Queen and Champion target areas.
• Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
• Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.





CORPORATE OBJECTIVES OVERVIEW:



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· Identify and develop world-class mining properties
· Highly regarded management team will advance the corporate vision
· Aggressive drill program to expand current NI 43-101 Oxide Copper resource
· Develop database for economic scoping study
· TARGET: a 200 million tonne Copper/Molybdenum/Gold Sulphide and become a near term producer = ACCOMPLISHED! MOONLIGHT Porphyry Copper Project Nov 29, 2011
· Establish a project pipeline of other significant Copper deposits