Search Minerals Completes Expanded Drill Program

Search Minerals Inc. (TSXV:SMY), announced it has completed the original planned 1500m drill program on its Deep Fox critical rare earth element prospect in South East Labrador.

The company reports visual mineralization in every drill hole, during this time Search Minerals took advantage of the drill program and completed another three-drill holes with an additional 427m of drilling.

As quoted from the press release:

The Phase 1 Deep Fox drilling program including the additional drilling is now complete and consisted of a total of 15 holes (3 in 2017 and 12 in 2018) to sample CREE mineralization. The total of 2427m drilled at Deep Fox gives 10 holes at the 50m level below surface and 5 holes at the 100m level below surface.

Drill core logging and sampling are in progress for the 2018 drill holes; final samples should be at the assay lab in the next few weeks. The drill core assays will be available for interpretation 4-6 weeks thereafter.

Assays from the 2017 drill holes are similar to the surface channel samples (see Search Minerals news release March 5, 2018) at Deep Fox. The CREE mineralization was observed in all drill holes and the geology of the mineralization is similar to that observed at Search’s Foxtrot property and on surface at Deep Fox.

A Phase 2 Deep Fox drilling program, contingent on funding, good assays and weather, will be planned for later in the year.

”This drill program was executed flawlessly by our drilling contractor and Dr. Randy Miller and his team. As a result, Search was able to complete some additional drilling to take advantage of these efficiencies and the good weather. With visual mineralization in each hole, we will await the assay results to determine the Phase 2 drilling program. This could outline a second resource in the PHS CREE District. We have continued to advance our District during low rare earth element prices and are now poised to benefit with the renewed interest in the sector led by government initiatives for renewable energy, electrification of vehicles and increasing prices of our key rare earth elements,” said Greg Andrews, president/CEO.

Click here to read the full press release