- Search Minerals (TSXV: SMY, OTC: SHCMD) reports successful phase 1 drill and channel results at FOX MEADOW, with significant CREE mineralization extending to 140m depth.
- Key findings reveal high-grade intersections, including 288 ppm Dy, 1277 ppm Nd, 309 ppm Pr, and 45.3 ppm Tb across 8.43m in drill hole FM-22-10.
- The mineralized zone remains open along strike and below 140m depth, necessitating further exploration to fully assess its potential.
Search Minerals Inc. (TSXV: SMY, OTC: SHCMD) has announced promising results from its Phase 1 drill and channel program at the FOX MEADOW Critical Rare Earth Element (CREE) property located in Labrador. The exploration has uncovered substantial CREE mineralization reaching 140 meters in depth with a minimum strike length of 750 meters and a surface width of up to 140 meters.
Drilling highlights include significant intersections of rare earth elements (REEs) in hole FM-22-10, with reported concentrations of 288 ppm Dysprosium (Dy), 1277 ppm Neodymium (Nd), 309 ppm Praseodymium (Pr), and 45.3 ppm Terbium (Tb) over a span of 8.43 meters. In total, the exploration program comprised 14 drill holes amounting to 2,006 meters and five new channels, emphasizing the continuity of mineralization and suggesting potential expansion both along the strike and at depth.
While the Phase 1 program sampled about 300 meters of the 750-meter surface mineralized zone, Search Minerals plans to conduct a more extensive drill program exceeding 4000 meters, supplemented by additional infill channeling. Such efforts aim to secure sufficient data for a comprehensive resource estimate and potentially prepare the site for open pit mining operations.
Strategically located 11 km west of Port Hope Simpson and accessible via the Trans Labrador Highway, the FOX MEADOW site offers infrastructural advantages for future development. The property hosts significant concentrations of critical rare earth elements such as neodymium, praseodymium, dysprosium, and terbium, alongside other valuable elements including zirconium (Zr) and hafnium (Hf).
