- Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * AGER CARL S	2. Issuer Name and Ticker or Trading Symbol Searchlight Minerals Corp. [ SRCH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) VP, Secretary and Treasurer
(Last)          (First)          (Middle) 2441 W. HORIZON RIDGE PKWY, SUITE #120	3. Date of Earliest Transaction (MM/DD/YYYY) 10/27/2010
(Street) HENDERSON, NV 89052 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/27/2010		S (1)		800	D	$0.60	167052   (2) (3)	D
Common Stock	10/29/2010		S (1)		25000	D	$0.60	142052   (2)	D
Common Stock	10/29/2010		S (1)		25000	D	$0.625	117052   (2)	D
Common Stock	10/29/2010		S (1)		10000	D	$0.635	107052   (2)	D
Common Stock	10/29/2010		S (1)		10000	D	$0.64	97052   (2)	D
Common Stock	10/29/2010		S (1)		15000	D	$0.65	82052   (2)	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Options	$0.44							11/21/2005	11/21/2010	Common Stock	500000		500000	D
Non-Qualified Stock Options	$1.70							4/7/2006	4/7/2011	Common Stock	60000		60000	D
Non-Qualified Stock Options	$2.40							6/6/2006	6/6/2011	Common Stock	250000		250000	D
Non-Qualified Stock Options	$4.04							2/16/2007	2/16/2012	Common Stock	24800		24800	D

Explanation of Responses:
( 1)	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and Jeffries effective September 29, 2010.
( 2)	Does not include any securities owned by Nanominerals. Mr. Ager is a 17.5% stockholder of Nanominerals, a company that owns 16,400,000 of the issuer's outstanding shares of common stock and warrants to purchase up to 200,000 shares of common stock. However, Mr. Ager does not have any voting or investment powers over the 16,400,000 shares or the 200,000 warrants owned by Nanominerals . For purposes of Section 16, Mr. Ager disclaims beneficial ownership of Nanominerals' securities, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed an admission that Mr. Ager is the beneficial owner of Nanominerals' securities for purposes of Section 16 or for any other purpose.
( 3)	On October 29, 2010, the reporting person filed an amendment to the Form 4 originally filed by the reporting person on October 13, 2010. The purpose of the amendment was to correct a typographical error in the number of shares reported to be sold by the reporting person on October 11, 2010. As a result of the amendment, immediately prior to the first sale reported on this Form 4, the reporting person beneficially owned 167,852 shares of the issuer's outstanding common stock.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
AGER CARL S 2441 W. HORIZON RIDGE PKWY SUITE #120 HENDERSON, NV 89052	X		VP, Secretary and Treasurer

Signatures
/s/ Carl S. Ager		10/29/2010
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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