Search Minerals Provides More Assays from Deepwater Fox Prospect

Search Minerals Inc. (TSX:SMY) and its subsidiary, Alterra Resources Inc., announced further assay results from a 2015 channel sampling program taking place at the Deepwater Fox REE prospect in Southeast Labrador.
As quoted in the press release:

This sampling and geological mapping indicate that the surface expression of Deepwater Fox is comparable to that of the nearby Foxtrot Deposit and that REE assay results are generally higher at Deepwater Fox.
HIGHLIGHTS:

• Deepwater Fox Prospect high grade surface mineralization (11.25-30.42m) is wider than the surface expression of the Foxtrot Deposit (10-14m) and currently has a comparable strike length (approximately 380m);
• Located on infrastructure – near (2 km) the deep-water, ice-free, port of St. Lewis and the Labrador road network; 12 km from the Foxtrot Deposit;
• Deepwater Fox represents the second major discovery in Search’s wholly owned Port Hope Simpson REE District;
• Assays include 11.40m containing the following Critical REE: 1168 ppm Y (1483 ppm Y2O3), 1732 ppm Nd (2020 ppm Nd2O3), 43 ppm Tb (51 ppm Tb4O7) and 253 ppm Dy (290 ppm Dy2O3), and 10.17m containing 1435 ppm Y (1822 ppm Y2O3), 2049 ppm Nd (2390 ppm Nd2O3), 44 ppm Tb (52 ppm Tb4O7) and 260 ppm Dy (298 ppm Dy2O3).

Greg Andrews, president of Search Minerals, commented:

These further channel results from Deepwater Fox are most encouraging. They support and strengthen our business strategy for Search Minerals which is to develop the Foxtrot Project first and self-fund the development of the 100% owned REE District.  We continue to enhance the District which should help towards Search’s goal to attract a strategic partner who also agrees with our business strategy.

Click here to read the full Search Minerals Inc. (TSX:SMY) press release.