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Search Minerals announces C$225,000 in R&D funding for metallurgical testing in Labrador
TORONTO , Jan. 21, 2014 /CNW/ - Search Minerals Inc. ("Search" or the "Company") (TS...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\nTORONTO, Jan. 21, 2014 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSXV: SMY) is pleased to announce that it will receive research and\n development investments totalling C$225,000 from the Research &\n Development Corporation (\"RDC\") and from the Atlantic Canada Opportunities Agency (\"ACOA\") to assist in the Development of Innovative Technologies for the Recovery and Refining of\n Rare Earth Elements (\"REE\") from Ore Mined in Labrador (the \"Project\"). Search will receive C$112,500 towards the project from each of RDC\n and ACOA, and the Company will contribute an additional C$75,000 in\n working capital.\n\n\nThe Project will evaluate the effectiveness and compare the commercial\n feasibility of a variety of innovative metallurgical processes to\n separate and refine rare earth elements (\"REE\") from ore with the specific characteristics of that identified at the\n Company's Foxtrot Project (\"Foxtrot\") in the Port Hope Simpson Rare Earth Element District in SE Labrador.\n Search intends to maximize refining and processing in Labrador with\n minimal environmental impact.\n\n\nSGS Canada Inc. (\"SGS\") will be engaged to perform testing on ore samples containing REE\n taken from the Company's Foxtrot Project located near Port Hope\n Simpson, Labrador. SGS will examine innovative methods to isolate REE\n from the specific matrix of ore. The current separation process\n involves crushing and grinding of ore, followed by gravity separation,\n flotation and magnetic separation to produce a concentrate containing\n the REE materials. The concentrate is then subjected to acid baking at\n 200 degrees Celsius, water leaching, purification of the leachate, and\n precipitation of REE oxalate. The process options to be investigated\n with SGS Canada would be designed to reduce complexity and cost of REE\n recovery from Foxtrot ores.\n\n\nThe estimated Project commencement date is January 2014, and the\n estimated project completion date is June 2014.\n\n\nStephen Keith, President & Chief Executive Officer, stated \"Search is\n pleased to participate in this research and development initiative with\n RDC and ACOA. Search's new corporate strategy centers on creating value\n through finding and developing metal assets with strong, growing demand\n and constrained or restricted supply, which includes R...