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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Search Minerals Inc. is a Canada-based integrated mineral exploration and development company. The Company is focused on developing critical rare earths elements (CREE), zirconium (Zr) and hafnium (Hf) resources within the Port Hope Simpson-St. Lewis CREE District of Southeast Labrador. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometers (km) long belt forming a REE District in Labrador. The Deep Fox Resource is located approximately two km northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Post by Dariuszon Nov 14, 2021 7:28am
217 Views
Post# 34124326

BIG week for Search !!!

BIG week for Search !!!
I think it is a safe bet that we will see the drill results this coming week. The CEO indicated that they did receive them in his interview on InvestorIntel done on Nov 9th; https://investorintel.com/investorintel-video/greg-andrews-on-search-minerals-sprint-towards-rare-earth-production/
A week or so has to be enough time to log and analyze all the data. It's been indicated several times that the grades from Deep Fox are higher than at Foxtrot so the results are certain to show very positive stuff. They indicated 15% higher grades over Foxtrot in couple NRs. Drill results alone should be a big catalyst for the SP to go up because they will automatically project how successful the 43101 and the PEA will be. But the drill results are not the only reason why I think Search will have a big week. Remember that this Thursday the 18th Canadian Prime Minister Justin Trudeau is meeting with the US President Joe Biden. One of the main items on their agenda is to discuss the allied supply of Rare Earths. It's been reported in the media that t he Canadian Prime Minister will be pushing hard for Canadian companies to be front and centre as suppliers of REEs and Search is probably is the closest to production out of a few competitors (estimated by 2024). I'm hoping that those meetings and Rare Earths will get big coverage in the media. They should. This could end up being a huge publicity exposure for Search. The two governments have been talking about REEs for a while and it seems to me it is time for some concrete agreements with expected results being specified. Then I also think that the webinar by Search CEO on November 23rd should be big. Those things are designed to bring positivity and so the drill results will be out by then 100% and there will be other exciting things to talk about. It feels like we are on a verge of a big breakout!
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