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Search Minerals Outlines the Silver Fox Zirconium-Rare Earth Element Mineralized Zone, SE Labrador
VANCOUVER, British Columbia, April 08, 2020 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) is pleased to report assay results
About this update from Search Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, April 08, 2020 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) is pleased to report assay results from SILVER FOX, its fourth major mineralized zone in its Port Hope Simpson – St. Lewis Critical Rare Earth Element (“CREE”) District. Trenching/channelling (4 new channels in 2019), and mapping/prospecting indicate that the surface expression of this mineralized zone is up to 8.8m wide and 650m long. This surface expression is significantly longer, but thinner, than the surface expressions of the nearby and related FOXTROT and DEEP FOX Resources. The mineralization is similarly hosted by peralkaline volcanic rocks and contains slightly lower grades of the REE magnet materials (Nd, Pr, Tb and Dy) but significantly higher grades of Zr and Hf. HIGHLIGHTS - SILVER FOX MINERALIZED ZONE SILVER FOX (all true widths) exhibits high grade Zr (Hf, Nd, Pr, Dy, Tb) mineralization ranging from 3.63 to 8.83m wide over 650m strike length; Channel assay highlights (all true widths):• FSC-19-04: 26,389 ppm Zr, 110 ppm Dy, 1494 ppm Nd, 409 ppm Pr, over 7.14m;• FSC-18-01: 28,965 ppm Zr, 96.7 ppm Dy, 1249 ppm Nd, 348 ppm Pr over 6.49m;• FSC-12-02: 25,466 ppm Zr, 89.1 ppm Dy, 1281 ppm Nd, 348 ppm Pr over 8.83m; SILVER FOX contains Zr (Hf) values much higher than any other CREE resource (FOXTROT and DEEP FOX) or mineralized zone (FOX MEADOW) in SE Labrador. Greg Andrews, President/CEO states; “These results are very encouraging and support the vision of multiple deposits of High Grade CREEs in our CREE district. Silver Fox is uniquely positioned with significant grades of Zirconium and Hafnium, but somewhat lower values of the rare earth elements. We will evaluate methods to recover a Zirconium/Hafnium product from the SILVER FOX prospect and to our current flowsheet processing of the FOXTROT and DEEP FOX material.” Dr. David Dreisinger comments: “The objective of metallurgical testing of the SILVER FOX (and other deposits) will be to recover a high grade zirconium by-product for sale with minimal processing cost and complexity. Search is engaged with our technology advisor, SGS Canada, to identify process flowsheet options.” The 2019 channelling program at SILVER FOX (totalling 26.89m) consisted of four channels. One new channel through the mineralized zone ...