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Search Minerals Discovers HREE-Zr-Y-Nb Mineralization at the Pesky Hill Prospect, Port Hope Simpson REE District, SE Labrador
VANCOUVER, March 1, 2012 /CNW/ - Search Minerals Inc. ("Search" or the "Company") (TSXV...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nVANCOUVER, March 1, 2012 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSXV: SMY) and its wholly-owned subsidiary, Alterra Resources Inc., confirm the\n discovery of mineralization on the Pesky Hill heavy rare earth element (HREE)-Zr-Y-Nb prospect in the Port Hope\n Simpson REE District in SE Labrador. Channel samples from this prospect\n reveal high concentrations of Dy, Tb, Nb, Zr, and Y.\n\n\nHighlights:\n\n\nDy values from 621 - 2,751 ppm (Dy203 from 713  - 3,157 ppm);\n\n\nHREE/Total REE ranges up to 53.5% (HREE+Y/Total REE+Y ranges up to 74%);\n\n\nNb values range from 3,667 to 21,693 and Y values range from 2,963 to\n 12,522 ppm;\n\n\n621 ppm Dy, 1534 ppm Nd, 91 ppm Tb, 2963 ppm Y over 14.69m;\n\n\nA 2000 m Diamond Drill Hole Program has been proposed for Q2, 2012.\n\n\nThe Pesky Hill Prospect occurs in the HighREE Hills REE Belt, which is currently 13 km long and\n 2 km wide. The prospect (Figure 1) is 1.5 km from tide-water, 33 km\n from the ice-free, deep water port of St.Lewis, and is 5 km from\n highway 510, an all season gravel highway.\n\n\nThe rare earth mineralization, consisting of fergusonite, allanite, and\n zircon, occurs in amphibole bearing granitic pegmatites. Mineralized\n pegmatite veins vary in size up to 15m in width and form a\n discontinuous zone, in outcrop, over 200m. Dy, in sample channels,\n ranges from 621 to 2751 ppm, Tb from 91 to 365 ppm and Y from 2963 to\n 12522 ppm. Nb ranges from 3667 to 21693 and Zr ranges from 5512 to\n 16557. Nd, a target light rare earth element, ranges from 1502 to 3474\n ppm. The best channel sample gives 621 ppm Dy, 1534 ppm Nd, 91 ppm Tb\n and 2963 ppm Y over 14.69m. This mineralization is characterized as\n HREE mineralization with HREE/Total REE ranging up to 53.5% and\n HREE+Y/Total REE+Y ranging up to 74%.\n\n\nTable 1 outlines assay data from 4 different channels (six intervals) \n collected from the Pesky Hill Prospect. Analytical techniques, sample preparation, and channel sampling\n procedures are outlined in Search's July 27, 2010 and September 8, 2010\n news releases.\n\n\nJim Clucas, President and CEO of Search Minerals notes \"the Pesky Hill Prospect contains substantial concentrations of four of Search's target\n elements: Y, Nd, Tb and Dy. It will be one of Search's priority HREE\n targets in the upcoming f...