Replies to post #3270 on 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:



--------------------------------------------------------------------------------

· 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

[pmunch]

CNYC Corporate Staff: http://www.canyoncc.com/s/OurTeam.asp

Anthony Harvey
Chairman and CEO

Mr. Harvey has been consulting to companies in the resource industry for over 40 years and has worked on numerous projects with capital costs exceeding $400 million. He has first hand experience with a wide range of technical, commercial, corporate and associated public company activities with considerable interface around the world with government agencies, financial institutions and the media.

From 1959 to 1989 he worked for Wright Engineers Ltd.- Fluor Daniels in various management positions including, Senior Project Manager responsible for the design, construction and start-up of 14 mines world-wide on behalf of major mining corporations.

From 1988 until October 2000, he was a Founder, Director and Senior Executive of Azco Mining Inc., a resource company trading on the Toronto and American stock exchanges. Azco's principal mineral property was the Sanchez porphyry copper project located near Safford, Arizona. This project was developed through to the bankable feasibility stage and subsequently sold to Phelps Dodge Corporation for US $40 million. Azco's second project, Piedras Verdes, in Sonora State, Mexico which was joint ventured with Phelps Dodge and was put into production by Frontera Copper Corporation at an initial rate of 70 million lbs. of copper per year.

Mr. Harvey is currently the President and Founder of ARH Management Limited, a management and consulting company to the resource industry. He was also a former Chairman and Director of Oremex Resources Inc., and Lake Shore Gold Corp., a former Director of Cobre Del Mayo, a Mexican copper mining company formed in partnership with Phelps Dodge Corporation, and a Director of Terra Energy Corp.


Ben Ainsworth
President and Director

Benjamin Ainsworth is a senior geologist and mining consultant who has been involved in the mining industry for over forty years. He graduated in 1963 with an honors degree in Geology from Oxford University in England. He joined Placer Development in 1965 and held positions of Senior Geologist, Chief Geochemist, Exploration Manager -- Eastern Canada, Exploration Manager -- Chile, and President -- Placer Chile, South America. Throughout the 1970's, Mr. Ainsworth was involved in the design, budgeting and implementation of exploration programs that included drill programs, geophysical surveys, geological mapping, geochemical surveys, and a full range of project evaluation studies. He is a registered Professional Engineer in the Province of British Colombia and is a Canadian citizen by naturalization. Mr. Ainsworth is also a principal of Ainsworth Jenkins Holdings Inc. and director of several reporting companies including ESO Uranium, Hathor Exploration, Dajin Resources, Columbia Yukon Explorations Inc., and Sultan Minerals Inc.
Qualified Person:

Benjamin Ainsworth, P.Eng, BC, the President of the Company, is a Qualified Person as defined by NI 43-101 and has approved the written disclosure of the New York Canyon Project contained on the Company's Website.



James Yates
Director

Mr. Yates has over twenty five years experience in the mineral exploration industry and has served as a director and officer of several public mining companies. From 1982 to 1988 he was the Founder, President and Director of Hycroft Resources who successfully brought the Crofoot Mine into production. Mr. Yates has overseen the corporate management and financing of a number of projects in North America including American Bullion Minerals, Zappa Resources, and Jersey Goldfields, having raised in excess of $20 million for mineral exploration development. Mr. Yates is currently a director of ESO Uranium Corp. (TSX-V: ESO), a mineral exploration company focused on uranium exploration, and Nevada Geothermal Power Inc. (TSX-V: NGP), a company engaged in producing geothermal electrical power from geothermal resources in the United States.



Bryan Wilson
Director

Mr. Wilson has enjoyed a varied career in the fields of mining exploration and development for 18 years and financial services for 12 years. He has filled various roles such as Project Geologist/Manager for Shell Canada, Consultant, Financial Advisor for Scotia McLeod, Mining Analyst for C.M. Oliver and Corporate Finance Specialist for Dominick & Dominick and Thames Capital.

Within the mining industry, Mr. Wilson has acquired broad international exposure to a variety of mineral commodities and has worked throughout the world. In 1981, Shell's East Kemptville Tin Mine with was discovered and developed under his supervision (50.0 million tonnes @ 0.23% Tin).



Kurt Bordian
Chief Financial Officer

Mr. Bordian is a designated Certified General Accountant in Canada, and holds a Bachelor of Commerce (Honours) Degree from the University of Manitoba. He has worked primarily in the mineral and exploration and oil and gas industries over the past 10 years. Mr. Bordian provides accounting and administrative services to private and public companies and is also a director on three other public companies.

[dtstx]

Just bought some @.14 myself and adding to a rather large position. I doubt there isn't a one of us who've been in this to garner potential capital gains, at this point, that feels we would have been further along than we are presently.

If I remember correctly the intent was to bring both locations into production not put it in reserve. Sounds like twice the fun to me when we finally produce. Should the strategy change if copper goes into the toilet e.g. than the assets are still locked up for the next cycle.

Right now copper is marching back to $4 (3.84, up .03). I would think they'll capitalize on both locations as the economics allow.


Edit: Let's not forget the insider buying recently.

[032798]

mel326,

I kinda feel the same way. I would rather them focus on their most promising property. If this company really does desire to find some reserves worth mining, it could still be a long wait. It's too bad that some investments I have made have exponentially gone higher(companies that have nothing going for them but promotions).....while this one has gone down. But, alas, maybe time will bring better interest on buy side for CNYC. Or maybe it won't.

Regards,
03