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Search Minerals Files Updated Preliminary Economic Assessment of FOXTROT REE Project in Labrador, Canada
Search Minerals Files Updated Preliminary Economic Assessment of FOXTROT REE Project in La...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\n\nSearch Minerals Files Updated Preliminary Economic Assessment of FOXTROT REE Project in Labrador, Canada\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSearch Minerals Files Updated Preliminary Economic Assessment of FOXTROT REE Project in Labrador, Canada\nCanada NewsWire\nVANCOUVER, May 2, 2016\n\n\n\nVANCOUVER, May 2, 2016 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSX Venture: SMY) announces that the independent NI 43-101 Preliminary Economic Assessment Updated Technical Report (the \"PEA\"), for the FOXTROT REE Project in Labrador Canada, has been completed and filed on SEDAR.  A summary of the findings from the PEA were announced on February 16, 2016 – (See the Company's News Release dated Feb 16, 2016 – Search Minerals Announces Enhanced Economics in Updated Preliminary Economic Assessment of Foxtrot REE Project).\n\nThe full report, \"TECHNICAL REPORT ON THE FOXTROT PROJECT, NEWFOUNDLAND AND LABRADOR, CANADA\", prepared by Roscoe Postle Associates Inc., can be obtained from www.sedar.com and also on the Company website at www.searchminerals.ca.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this release.\n\nAbout Search Minerals\n\nSearch is a TSX Venture Exchange listed company focused on creating value through finding and developing \"critical rare earth element (\"CREE\")\" mineral assets in Labrador. CREEs (Nd, Eu, Tb, Dy, Y) have growing demand, constrained or restricted supply and are commonly used in innovative technologies.\n\nSearch is the discoverer of the Port Hope Simpson CREE District, a highly prospective CREE belt located in southeast Labrador, where the Company controls a belt 70 km long and up to 8 km wide. Search owns 100% of the advanced CREE resource called the Foxtrot Project (\"Foxtrot\"), and a recently announced Foxtrot-like prospect called \"Deepwater Fox\". In addition, the Company has identified more than 20 other Foxtrot-like prospects i...