Searchlight Minerals Corp. Announces Passing of Director Harry B. Crockett
HENDERSON, NV–(Marketwire – Oct 1, 2010) – Searchlight Minerals Corp. (OTCBB: SRCH) (“Searchlight,” “SMC” or the “Company”) currently voiced which Harry B. Crockett, a part of of the Company’s Board of Directors given Feb 2007, upheld divided on Sep 29, 2010.
Mr. Crockett was the handling part of of Verde River Iron Company, LLC, a in isolation Nevada singular guilt association which was Searchlight Minerals’ before corner try partner on the Clarkdale Slag Project and the before owners of the Clarkdale Slag Project. He served as a court-appointed receiver for assorted Superior Courts via California for some-more than fifteen years. Mr. Crockett formerly served as an Executive Vice President of American Savings, specializing in uneasy debt and assets, and he served as Chairman of the Make a Wish Foundation in San Joaquin County, a free substructure portion the needs of terminally sick children. Mr. Crockett hold a Bachelor of Arts grade from Golden State University in San Francisco and a California Real Estate Brokers license. He was additionally a commander with single- and multi-engine land and instrument ratings.
“It is with good dolour which we make known Harry’s flitting final night, following an lengthened and bold conflict with a accumulation of illnesses during the past multiform months,” settled Ian McNeil, Chief Executive Officer of Searchlight Minerals Corp. ”He contributed severely to the Board of Directors and usual with us his endless believe of the story of Clarkdale and the live coals raise which was subsequent from the abounding copper and bullion deposits in Jerome, Arizona. We will skip him greatly, and the thoughts and prayers have been with his wife, Marcia, and the rest of his family.”
About Searchlight Minerals Corp.
Searchlight Minerals Corp. is an scrutiny theatre association intent in the merger and scrutiny of vegetable properties and live coals reprocessing projects. The Company binds interests in dual vegetable projects: (i) the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation plan to redeem changed and bottom metals from the reprocessing of live coals constructed from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona; and (ii) the Searchlight Gold Project, which involves scrutiny for changed metals on mining claims nearby Searchlight, Nevada. The Clarkdale Slag Project is the some-more modernized of dual ongoing projects which the Company is pursuing. The Searchlight Gold Project is an early-stage bullion scrutiny try on 3,200 acres located we estimate 50 miles south of Las Vegas, Nevada.
Searchlight Minerals Corp. is headquartered in Henderson, Nevada, and the usual batch is listed on the OTC Bulletin Board underneath the pitch “SRCH.” Additional report is accessible on the Company’s website at www.searchlightminerals.com and in the Company’s filings with the U.S. Securities and Exchange Commission.
Forward-Looking Statements
This Press Release might contain, in further to chronological information, forward-looking statements. Statements in this Press Release which have been forward-looking statements have been theme to assorted risks and uncertainties connected with the specific factors disclosed underneath the streamer “Risk Factors” in the Company’s continual filings with the Commission. When used in this Press Release in deliberating the new developments on the Project, including, but limitation, the fortitude of sure issues relating to the operation of the prolongation module, the difference such as “believe,” “could,” “may,” “expect” and identical expressions have been forward-looking statements. The risk factors which could means tangible formula to talk about from these forward-looking statements include, but have been not singular to technical issues on the Project which might start the prolongation procedure and the first routine components, hurdles in relocating from commander plant scale to prolongation scale, the risk which tangible recoveries of bottom and changed metals or alternative minerals re-processed from the live coals element at the Clarkdale site will not be economically feasible, uncertainty of estimates of mineralized material, operational risk, the Company’s singular handling history, uncertainties about the accessibility of one more financing, geological or automatic difficulties inspiring the Company’s programmed vegetable liberation programs, the risk which tangible collateral costs, handling costs and mercantile earnings might talk about significantly from the Company’s estimates, doubt either the formula from the Company’s feasibility studies and the formula from the operation of the prolongation procedure have been not amply certain for the Company to ensue with the building a whole of the estimate facility, operational risk, the stroke of bureaucratic and environmental regulation, monetary risk, banking risk sensitivity in the prices of changed metals and alternative statements which have been not chronological contribution as disclosed underneath the streamer “Risk Factors” in the Company’s continual filings with bonds regulators in the United States. Consequently, risk factors including, but not singular to the aforementioned, might outcome in poignant delays to the projected or expected prolongation aim dates.