Thursday, June 03, 2021 12:19:46 PM
"Search Minerals Launches Drilling Program for Critical Rare Earth Elements in Labrador
BY MT Newswires
— 10:19 AM ET 06/02/2021
10:19 AM EDT, 06/02/2021 (MT Newswires) -- Search Minerals Inc. ( SHCMF
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) on Wednesday said it has commenced its 2021 drilling and exploration program for critical rare earth elements, zirconium and hafnium in the Port Hope Simpson - St. Lewis CREE District in Labrador.
The company, which surged 6.9% in early Wednesday trading, said the 2021 drilling and exploration program includes three different drill programs at Deep Fox, channel sampling programs at Silver Fox and Fox Meadow.
Upon completion of the drill program at Deep Fox, a geotechnical drill program is contracted to start mid-August. Another drill program may also be executed to further update the resource estimate for the project.
The surface channel program at Fox Meadow aims to expand previous channel sampling programs to make the mineralized zone ready for a phase 1 exploration drill program.
At Silver Fox, the company will sample high-grade zirconium-hafnium mineralization on surface to make the project ready for a phase 1 drill program."
Search Minerals said it is funded with $2.5 million from its flow-through funding initiative completed in April."
Price: 0.16, Change: +0.01, Percent Change: +6.90 (Quote is in CND$)
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USD OTC
SEARCH MINERALS INC (SHCMF)
0.1291 [-]down tick
-0.0034 (-2.566%)
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Bid 0.122 x 5,000
Ask 0.1347 x 32,000
Vol 4,990
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