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Search Minerals Inc. discovers high grade Dy-Y-Nd mineralization at the Merlot REE Prospect, Red Wine Property, Labrador
VANCOUVER, Jan. 16, 2012 /CNW/ - Search Minerals Inc. (TSXV: SMY) ("Search" or the "Com...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nVANCOUVER, Jan. 16, 2012 /CNW/ - Search Minerals Inc. (TSXV: SMY) (\"Search\" or the \"Company\") and Great\n Western Minerals Group Ltd. (\"GWMG\") of Saskatchewan, are pleased to announce the discovery of high-grade\n Rare Earth Element (REE) mineralization in the Merlot Prospect on their\n Red Wine Property, located approximately 120km northeast of Churchill\n Falls, Labrador. Six channels, totalling 44.08m, have been collected on\n the Merlot REE-Y Prospect. Assay results give up to 800 ppm Dy, 2340\n ppm Nd, TREE up to 1.20% (1.72% TREE+Y) and Y up to 5207 ppm. The\n Merlot Prospect is part of the 50/50 Search Minerals-GWMG Red Wine\n Joint Venture.\n\n\nHighlights:\n\n\nDiscovery of high-grade (Type 2) mineralization ranging up to 1.20% TREE\n (1.72% TREE+Y), 5207 ppm Y, 2340 ppm Nd, and 800 ppm Dy;\n\n\nMineralization mapped and sampled over approximately 350m strike length;\n\n\n13.07m width of high-grade (Type 2) mineralization with 504 ppm Dy, 2074\n ppm Nd, 3116 ppm Y and 1.03% TREE (1.34% TREE+Y).\n\n\nThe 2011 Merlot Prospect channel sampling program on the Red Wine\n Property consisted of six channels totalling 44.08m. All six channels\n intersected high-grade Type 2 REE-Y mineralization that was mapped over\n approximately 350m strike length. Width of the mineralization in\n channels ranges from 3.55m to 13.07m. Type 2 mineralization is\n typically comprised of fine-grained, disseminated, currently\n unidentified REE minerals. This mineralization is most commonly found\n within pegmatitic units consisting of fine-grained pyroxene, coarse\n feldspars, and coarse to very coarse amphiboles. The characteristic\n elements associated with Type 2 mineralization are Th, Y, and REE.\n\n\nTable 1 contains weighted averages from the 2011 Merlot Prospect channel\n sampling program. Analytical techniques, sample preparation, and\n channel sampling procedures are outlined in Search's July 27, 2010 and\n September 8, 2010 news releases.\n\n\nJim Clucas, President and CEO of Search Minerals said, \"We are delighted with the discovery of high values of Dy, Nd, and Y over\n significant widths at the Merlot Prospect on our Red Wine property. We\n intend to follow up with additional exploration in the 2012 field\n season.\"\n\n\nJim Engdahl, President and CEO of Great Western Minerals notes \"GWMG is very pleased wi...