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Search Minerals Inc.
Summary
| Project: | Foxtrot | |
|---|---|---|
| Deposit: | Deep Fox | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 10/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-10-2019: Search Minerals Inc. announces a Resource Estimation report for its Deep Fox deposit at the Foxtrot project. Resource estimate for the Deep Fox deposit. VANCOUVER, British Columbia, Oct. 01, 2019 -- Search Minerals Inc. (“Search” or the “Compan | |
| Resources: | ||
| CP/QP: | [Resources]: Katharine Masun (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 01, 2019 -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY) and its wholly-owned subsidiary, Alterra Resources Inc. (“Alterra”) are pleased to report the initial Mineral Resource estimate by Roscoe Postle Associates Inc. ("RPA") for the DEEP FOX Critical Rare Earth Element Deposit (“CREE”) in SE Labrador. The new DEEP FOX resource and the Company’s FOXTROT resource in combination begin to outline the emerging CREE District in SE Labrador. The two deposits are approximately 12 km apart. Greg Andrews, President/CEO states: “We are very excited to announce the DEEP FOX resource estimate. Our team has been able to obtain this initial resource with only 4507m of drilling, and we expect to continue to expand on the DEEP FOX resource with additional drilling in 2020. Should the future preliminary economic assessment support the inclusion of the DEEP FOX resource into a mine plan, we may be able to plan to mine and process both the DEEP FOX and FOXTROT resources, with the anticipation of an extended project mine life and increased production of rare earth elements. Search is poised to become a crucial player in the creation of a secure North American rare earth element supply chain.” | |
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