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Search Minerals Announces New Higher Grade Cree Mineralized Zone at Fox Meadow
VANCOUVER, British Columbia, March 14, 2019 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY) and its wholly-owned subsidiary, Al
About this update from Search Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, March 14, 2019 (GLOBE NEWSWIRE) -- Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY) and its wholly-owned subsidiary, Alterra Resources Inc. (“Alterra”) are pleased to announce channel sample results from its FOX MEADOW Critical Rare Earth Element (CREE) property in SE Labrador. Assays from 2 channels (FMC-18-01 & FMC-18-02) show significant CREE mineralization in a newly discovered mineralized zone. This CREE mineralization is similar to that at the DEEP FOX and FOXTROT properties. HIGHLIGHTS OF FOX MEADOW 2018 CHANNEL PROGRAM FOX MEADOW exhibits higher mineralization of at least 11m to 32m true width over 100m strike length; Channel assay highlights (all true widths): FMC-18-01: 314 ppm Dy, 1397 ppm Nd, 340 ppm Pr, 1088 ppm La over 4.43m; FMC-18-01/FMC-16-03: 225 ppm Dy, 1129 ppm Nd, 281 ppm Pr, 899 ppm La over 7.30m; FMC-18-02: 261 ppm Dy, 1164 ppm Nd, 283 ppm Pr, 883 ppm La over 10.14m; FOX MEADOW CREE mineralization similar to DEEP FOX and FOXTROT; third potential CREE deposit in the Port Hope Simpson CREE District of SE Labrador. Greg Andrews, President/CEO states: “These results are very encouraging and support the vision of multiple deposits of High Grade CREE’s in the Port Hope Simpson District. FOX MEADOW will be advanced through further exploration work. Dr. Randy Miller and his team, will continue their thorough channel sampling program on this prospect, which will help define the surface expression for future drilling opportunities. In addition, we are currently preparing the data from our successful 5000m drill program at the DEEP FOX deposit which will allow preparation of a mineral resource estimate on the DEEP FOX property and a new Preliminary Economic Assessment for the mining and processing of DEEP FOX and FOXTROT as a source feed.” The 2018 channelling program at FOX MEADOW consisted of extending previous channels, with mineralization, to the north and south into treed areas with significant overburden; a mini-excavator with a backhoe-like bucket was used to expose bedrock. Near surface bedrock and outcrop channelled in FMC-16-03 and FMC-16-04 showed medium grade CREE mineralization, similar to FOXTROT mineralization, at the southern ends of both channels (See Search Minerals news release, Nov. 3rd, 2016). The 2016 channels sampled the northern band of mineralizat...