Searchlight Minerals Corp. (SRCH)

[gitreal]

You are right, I have no competing data to compare directly to their supposed drilling program. They have not proven they have any gold, and it can't be disproven until someone else (a third-party, with credibility) drills it. All you can do is refer to historic records that show the ore that was direct-smelted by Phelps Dodge typically did not run even a tenth of the gold that they are claiming to be in the slag (a waste product). Somehow the gold is now 10 times richer in the slag than in the original ores?

The lack of other data is exactly why this thing has dragged on for seven years. These guys are good at what they do........!

I wish it were that simple to sneak in to use your tin-can sampling method. Slag is not loose enough to simply scrape samples off the side of the borehole. I believe they claimed to have used sonic drilling methods which drives the drill steel through the material using high-frequency vibrations, and a plastic bag inside the drill steel fills with the material. The driller retrieves that material about every five feet, and then goes back in and drills another five feet. Expensive method, but routinely used for environmental investigations.

But, we'll never know for sure if any holes were drilled, since they have never issued any kind of report with borehole logs, assay reports, etc. Could be pure fabrication, or maybe not, take your pick.