- Current report filing (8-K)
17 October 2012 - 9:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
October 16, 2012
SEARCHLIGHT
MINERALS CORP.
(Exact Name of Registrant as Specified in
Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-30995
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98-0232244
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(Commission File Number)
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(IRS Employer Identification No.)
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#120 - 2441 West Horizon Ridge Pkwy.
Henderson, Nevada
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89052
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(Address of Principal Executive Offices)
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(Zip Code)
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(702)
939-5247
(Registrant's Telephone Number, Including
Area Code)
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
¨
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 OTHER
EVENTS
The purpose of this Report
is to clarify a computational error in ion exchange test results conducted by Arrakis, Inc. (“Arrakis”) relating to
gold recovery from solution in connection with such tests, and which were previously announced by us in our Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012, and in our press release dated May 7, 2012, and to provide additional
information about our Clarkdale Slag Project.
Previously, we reported
that Arrakis performed 63 ion exchange resin and carbon tests resulting in the production of gold dore beads using a variety of
resins and carbon. Resin and carbon tests conducted on POL leach solution, consisting of 63 individual column tests, indicated
an approximate 45% average recovery of gold from solution with any single resin or carbon.
The corrected information
is, as follows. Arrakis has performed in excess of 63 ion exchange tests in an attempt to determine the optimal method for extracting
gold from solution, using a variety of resins and carbons. In addition, Arrakis has performed nano-filtration tests using membrane
technology in conjunction with the ion exchange tests to enhance ion exchange results. Arrakis has also conducted electro-winning
tests, to determine the best way to remove gold from solution. Results from these alternative methods of extracting gold from solution
have resulted in removing up to 10% of the gold from solution using resins and up to 40% of the gold from solution using the electro-winning
method. These results were obtained by assaying of dore beads produced by the various testing techniques noted. As larger volumes
of POL leach solutions are generated via the pilot autoclave, and testing optimized, larger dore beads will be produced and analysis
will become much simpler.
The foregoing computational
error did not impact previously reported results concerning the amount of gold in solution obtained from prior testing.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Dated: October 16, 2012
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SEARCHLIGHT MINERALS CORP.
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By:
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/s/ Martin B. Oring
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Martin B. Oring
President
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