Search Minerals Inc. (SHCMF)

[Middleborder]

Chico; I have to say that I have a number of things going on off board lately, so I have not had time to really look into it.
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https://investorintel.com/markets/technology-metals/technology-metals-news/search-minerals-signs-option-agreement-for-two-tom-property-in-labrador/

Snip..."The Property consists of two licenses (027378M and 016522M) totalling 20 claims (4 square kilometres or 400 ha). These two licenses collectively encompass the Two Tom Lake Be-Nb-REE resource. This acquisition further enhances the Company’s strong position in the Red Wine REE (Rare Metal) District in west-central Labrador...snip"

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Regarding Two Tom Lake: (Maps and photos at link)

http://www.canadarareearth.com/redwine
]The Two Tom Property is situated within the Central Mineral Belt of Labrador, proximal to the northern margin of the Grenville Structural Province. It is underlain by peralkaline volcanic and porphyritic rocks of the Letitia Lake Group and cogenetic peralkaline and alkaline plutonic rocks of the Arc Lake and Red Wine Intrusive Suites (~1.3 Ga). The Letitia Lake Group and the associated intrusive rocks are bound on the north by terrestrial to shallow marine sedimentary rocks, basaltic flows and gabbro sills of the Seal Lake Group (1.0 to 1.2 Ga) and to the south by granitoid rocks of the Trans- Labrador batholith (1.65 Ga) (Belik 1996).

The Two Tom deposit occurs within a peralkaline syenite pluton that is 2 km in diameter. The southern portion of the pluton is comprised of unmineralized medium grained riebeckite syenite. According to Miller (1988), there is a mineralized syenite outcrop in the northern portion of the pluton, which intrudes the Letitia Lake Group at the lower contact with the Bessie Lake Formation (Miller 1988). The northwest striking Two Tom deposit has been traced by prospecting, trenching and drilling; and has been interpreted over 1.1 km. The Two Tom deposit is situated within the eastern end of the Red Wine Complex (REM press release: September 18, 2011).

Exploration completed by CRE in 2010 and 2011 on the Property includes prospecting, geological mapping, airborne geophysical surveys, trenching (channel sampling, and diamond core drilling.

The block model and mineral resource for the Two Tom deposit is classified as having Inferred Mineral Resources based on drillhole spacing and sample data populations. The mineral resource estimate for the deposit, at 0.6 total rare earth oxides percentage (TREO%) cut-off, is an Inferred Resource of 41 Mt at 1.18% TREO, 0.26% niobium pentoxide (Nb205), 0.18% beryllium oxide (BeO) and 0.06 thorianite (ThO2% with 5% of the TREO being made up of heavy rare earth oxides (HREO)).

The mineral resource was estimated by the ordinary kriging (OK) interpolation method on capped grades for all 15 rare earth oxides (REO) and three associated metal oxides, Nb205, ThO2 and BeO. The TREO% is a sum of the 15 individual interpolations of the REOs. No recoveries have been applied to the interpolated estimates.

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Here is what Search had to say regarding their previously explored claims:

http://searchminerals.ca/projects/red-wine-complex

The Red Wine peralkaline complex consists of two identical plutons located 110 km NE of the Community of Churchill Falls in Central Labrador. In 2010 and 2011, Search completed an extensive exploration program in the area consisting of prospecting, the mapping and channel sampling of nine critical rare earth element prospects and some drilling.

The most notable result consisted of 13.07metres of channel sampling from the Merlot Prospect which averaged 504 ppm Dysprosium, 71.5 ppm Terbium, 3,116 ppm Yttrium and 2,047 ppm Neodymium.

While further exploration in the area has been curtailed in favour of focusing on prospects in more accessible regions, consolidation of our licenses in 2014 will enabled Search to maintain 75 claims in key areas until 2022. These assets are no longer considered core to our operations and are for sale or option. Please contact us directly if you would like further information on this property.

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They are apparently consolidating there holdings but can't say just now if they intend to develop or sell or block others from developing at this time.