TSXV:SMY - Post Discussion
Post by
Betteryear2 on Apr 11, 2022 6:19am
Increased DEEP FOX and FOXTROT Mineral Resource Estimates
VANCOUVER, British Columbia, April 11, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce updated Mineral Resource Estimates by SLR Consulting (Canada) Ltd. (SLR) for the DEEP FOX and FOXTROT Critical Rare Earth Element (“CREE”) properties in South-East Labrador. The Mineral Resource estimate for DEEP FOX includes results from the recently completed Phase 3 drill program, new metallurgy recovery data, and updated rare earth price forecasts. The updated FOXTROT resource estimate is based on the previous drill programs, new metallurgy recovery data, and updated rare earth price forecasts. The resource estimates for both properties are based on an open pit/underground (OP/UG) mining scenario and will form the basis of the upcoming Preliminary Economic Assessment (“PEA”).
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