 Good afternoon coming close to the end of day three at the World Famous Mining Show in Toronto, Ontario We have the pleasure of being with Alf Stewart who's with searchlight resources Alf. Thank you for coming by you're welcome Peter Now you and I only met for the first time today But we seem to have a lot of friends in common one of them being Steve Wallace the CEO at searchlight. Yes So what are you doing with searchlight? I'm helping them raise money. Hey, it makes you everybody's best friend. That's right Searchlight has a variety of really interesting properties in the interest of disclosure I advise to searchlight from time to time because I like the CFO and I like to see eel The property I like best is what's called the Dudbridge property, but you have a different opinion. Yes, which is your favorite? My favorite is the English Bay property just outside of LaRanche Ontario or Quebec? LaRanche Saskatchewan. There you go Why do you like that one? Because it's a very very unique situation. It's Privately developed it's never been in the public market and it looks like a very strong gold system. Prior drilling There's 37 drill holes on the property 5,000 meters of drilling Of those 37 drill holes 20 have intersected gold along a consistent 400 meter long zone And with that conversation we didn't ask the risk because none of that was 43 one-to-one or QP'd right? That's correct We've had a conversation about this our first action on this property will be to have a competent person review all of those results and verify them Good searchlight trades on the venture exchange SCLT on the TSX ventures. I like Dudbridge because it was a Originally 43 one-to-one for uranium with a significant deposit, but Steven went back and looked at the old data There's also vanadium and cobalt there and to me That's a sexy property and that's also in North Saskatchewan a little bit further north Yes, what else is in the portfolio? There's another gold property near Flynn flan So Flynn flan is interesting because it's right on the border between Manitoba and Saskatchewan, right? We're on the Saskatchewan side and there's a property that we have an option We've earned a 51% interest in it and it has three former producers on it three former gold producers Wow And it's within driving distance of Flynn flan which is a major mining center in Canada And if I remember correctly, there's also a former mine on another one of the properties That can be reactivated right so the the main Mine on the property was developed in the 1980s. They did 1.5 kilometers of underground development and never produced gold Why not they went bankrupt? They borrowed money from a bank and that's not how you finance gold exploration What year was that? 1983 okay, so interest rates in the early 80s were running around 18 percent exactly and the gold price was $350 it's a tough way to make a living yes today looking at gold prices if we take the $350 historical gold price in US dollars convert it to Canadian dollars today That's about $900 in current gold prices, but the gold price today is $2,100 Canadian over twice the historical price when this property was developed Well, one of the advantages that Australian and Canadian properties have is their expenses are in local currency where the revenues in USD so it does create an extra layer of comfort there for investors. Yes So what's next you're going to raise money has that been announced in the public yet? The company has been attempting to raise money flow through at five cents for a few months. Stay tuned That's an excellent way to end this elf is wonderful to meet you hope to see you again Searchlight resources on the venture exchange day three at PDAC. I'm Peter Clossey. Thank you