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Search Minerals to Commence an Initial 2,000m FOX MEADOW Phase 1 Drill Program
VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announc
About this update from Search Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce the commencement of an initial 2,000m FOX MEADOW Phase 1 drill program. FOX MEADOW is the third major drill target in the Port Hope Simpson – St. Lewis Critical Rare Earth Elements (CREE) District in SE Labrador. The drill program is expected to commence shortly, as our drilling contractor mobilizes on site this week. The drilling is expected to be completed in early December, 2022. FOX MEADOW DRILL PROGRAM Exploration: Approximately 8-12 oriented diamond drill holes; One drill rig to be mobilized from St. Lewis to FOX MEADOW; All core will be lithologically, structurally and geotechnically logged; All mineralized intervals will be sampled for assay and tested for specific gravity and magnetic susceptibility. Drilling Program Results: We anticipate receiving all assay results by late spring 2023. Drill Targets: Extensive channel programs from 2013 to 2021 (see Search Minerals News Release May 5, 2022) have outlined numerous medium- to high-grade REE mineralized zones; The current program will target high-grade zones in the core of the known surface extent of the mineralization in order to trace them at depth; The drill program is also designed to evaluate the overall thickness of the mineralized belt; An on-going channeling program at FOX MEADOW is extending the mineralized zone to the south and southeast in anticipation of future drill programs; On surface the mineralization is presently open to the NW, the SE and to the SW in some sections. Dr. Randy Miller, Vice-President, Exploration comments: “The surface extent of the FOX MEADOW mineralized zone is larger than both DEEP FOX and FOXTROT (both 350-450m strike length and up to 40m thick). We anticipate needing additional channel programs and a much larger drill program in the future to fully explore the entire FOX MEADOW mineralized zone at depth and along strike.” Greg Andrews, President/CEO states: “We are excited to mobilize to our FOX MEADOW prospect for an initial 2,000m drill program. This program will allow a first chance to generate preliminary down hole data as an extension of our channel sample program on surface. The growth drivers for the rare earth market remains the rare earth (per...