For thousands of other reports visit RSC's Mineral Intellingence Map
Search Minerals Inc.
Summary
| Project: | Foxtrot | |
|---|---|---|
| Deposit: | Deep Fox | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 3/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2018: Search Minerals Inc. announces an Exploration/Drilling Update report for its Deep Fox deposit at the Foxtrot project. Drilling results incl. 14.13m @ 1231ppm Y, 1852ppm Nd, 512ppm Pr, 41.3ppm Tb, 241ppm Dy from 140.66m. VANCOUVER, March 5, 2018 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Randy Miller (Internal) | |
| ABSTRACT: | VANCOUVER, March 5, 2018 - Search Minerals Inc. ("Search" or the "Company") (TSXV: SMY), and its wholly-owned subsidiary, Alterra Resources Inc. (“Alterra”), are pleased to announce the results of the initial three holes (500m) of a planned 12 drill hole (2000m) drill program at the Deep Fox CREE (Critical Rare Earth Element) prospect located in the Port Hope Simpson (PHS) CREE District in SE Labrador. These results indicate that high CREE grades and significant widths occur both underground and on the surface at Deep Fox. Greg Andrews, President and CEO comments: “These initial Deep Fox drill results are very encouraging and support our compelling basis for the drill program. First, the results indicate that the Deep Fox CREE mineralization follows the model established for the Foxtrot CREE mineral resource; mineralization observed on surface can be followed along the volcanic stratigraphy at depth. Second, higher grades of our key elements (Nd, Pr, Dy, Tb) than Foxtrot evidenced at surface, continue underground at Deep Fox. Third, although the strike length is not yet confirmed, the widths were larger than those at Foxtrot. Search plans to finish the current outlined 2000m drill program commencing in May/June 2018, and upon returns of good results and funding, anticipates drilling an additional 2000m program to potentially establish a resource at Deep Fox. This could outline a second resource in the PHS CREE District. We have continued to advance our District during low rare earth prices and are now poised to benefit with the renewed interest in the sector led by government initiatives for renewable energy, electrification of vehicles and increasing prices of our key rare earth elements.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report