Business
Search Minerals Announces 2021 Rare Earth Element Drilling Program Has Started in Labrador
VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) is pleased to announce its 2021 dril
About this update from Search Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) is pleased to announce its 2021 drilling and exploration program for Critical Rare Earth Elements (CREE), Zirconium (Zr) and Hafnium (Hf) in the Port Hope Simpson – St. Lewis CREE District in SE Labrador, has begun. Ms. Suzanne Butler, our senior geologist, has opened up our recently purchased Fox Harbour House, and welcomed back our employees for a very busy 2021 drilling and exploration season. Our drilling contractor, Springdale Forest Resources Inc., has arrived and are eager to initiate our 7000m drill program on our wholly owned Deep Fox project and Dr Randy Miller will be arriving shortly as well. We are funded with $ 2,520,000 from our successful flow through funding initiative completed in April 2021. Search is following the strict COVID protocols which are currently in place within the Province of Newfoundland & Labrador to ensure the safety of our employees and the communities where we work. Our 2021 drilling and exploration program includes three different drill programs at DEEP FOX, channel sampling programs at SILVER FOX and FOX MEADOW. EXPECTATIONS FOR THE 2021 EXPLORATION PROGRAM DEEP FOX 7000m Phase III exploration drill program has commenced; Upon completion of this drill program, a geotechnical drill program is contracted to start mid-August 2021 with approximately 2000m of HQ drilling; A further 5000m Phase IV drill program could be implemented to further update our Deep Fox resource estimate depending on additional funding. FOX MEADOW Surface channel program aims to expand the previously successful channel sampling programs to make this mineralized zone ready for a Phase I exploration drill program; SILVER FOX sample high-grade zirconium-hafnium mineralization on surface to make Silver Fox ready for a Phase I drill program; Greg Andrews, President/CEO, states; “Our immediate goal is to advance our Critical Rare Earth Element District to production. This will require (a) advancing our DEEP FOX project to a measured and indicated resource, (b) provide engineering and economic studies such as Preliminary Economic Assessments and Feasibility Studies and (c) develop and submit an Environmental Assessment report to initiate the environmental and permitting process for DEEP FOX. We are we...