Monday, November 15, 2021 11:11:13 AM
Search Minerals Announces Results of Successful Phase 3 Drill Program at Deep Fox
VANCOUVER, British Columbia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY | OTCQB: SHCMF), is pleased to announce receipt of assay results for Phase 3 drill holes on its DEEP FOX Critical Rare Earth Element (“CREE”) property in SE Labrador. Assays from all 38 drill holes show significant CREE throughout the mineralized zone and mineralization has been observed in all levels (25m, 50m, 100m, 150m, 200m).
HIGHLIGHTS OF DEEP FOX PHASE 3 DRILL PROGRAM:
DEEP FOX confirmed to have higher grade mineralization and higher widths than FOXTROT;
Mineralization observed down to 200m level below surface in all drill holes;
Mineralized zone is at least 500m in strike length and from 11m to 38m wide and open below 200m;
Phase 3 assay highlights (all true widths):
FD-21-16 (25m level): 292 ppm Dy, 2094 ppm Nd, 544 ppm Pr, 49.9 ppm Tb over 9.62m;
FD-21-15 (50m level): 315 ppm Dy, 2191 ppm Nd, 578 ppm Pr, 52.3 ppm Tb over 8.23m;
FD-21-02 (100m level): 210 ppm Dy, 1648 ppm Nd, 444 ppm Pr, 36.2 ppm Tb over 29.46m;
FD-21-30 (150m level): 240 ppm Dy, 1644 ppm Nd, 434 ppm Pr, 39.2 ppm Tb over 38.32m;
FD-21-31 (200m level): 284 ppm Dy, 1912 ppm Nd, 499 ppm Pr, 40.0 ppm Tb over 16.54m;
A new Resource Estimate and a Preliminary Economic Assessment (“PEA”)are the next steps in the development of the DEEP FOX PROJECT.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM