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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

Metals & Mining Industrial Metals & Minerals
Search Minerals Inc. is an integrated mineral exploration and development company, which is focused on the acquisition, exploration, and development of rare earths elements (REE) mineral properties in Labrador. It focuses on developing critical rare earths elements (CREE), Zirconium and Hafnium resources within the Port Hope Simpson-St. Lewis CREE District of South East Labrador. It controls two deposits (Foxtrot and Deep Fox), two drill ready prospects (Fox Meadow and Silver Fox) and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 km long belt forming a REE District in Labrador. It also controls additional CREE assets in the Red Wine District of central Labrador. These include the drill ready Two Tom Lake CREE-Be-Nb deposit, the Mann #1 CREE-Nb-Be prospect and Merlot CREE Prospect. The Two Tom Property includes mineral licenses 027358M and 016522M in Labrador, Canada. The Red Wine property is located 80 km north-east of Churchill Falls, Labrador.


TSXV:SMY - Post by User

Search Minerals Inc > How good are the drill results??!
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Post by Dariuszon Nov 16, 2021 8:06am
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Post# 34130666

How good are the drill results??!

How good are the drill results??!Is anyone able to analyze the drill results for grade quality? It would be nice to hear some opinions! I can't pretend to be knowledgeable enough to be able to formulate an opinion right off the bat but comparing Search's results to NMI (Namibia Critical Metals) it seems that Search has slightly higher grades. NMI released their results recently in Jan '21 and is a similar Junior Miner to Search. I looked at Neodymium and Dysprosium grades and what Search has appears to be of better quality. In any case we are at or above industry standards. Both companies described their results as 'successful'. Search also officially confirmed that grades at Deep Fox are higher that at Foxtrot. This bodes well for the PEA that is due to be completed in Q1 '2022. With the record high prices for REE's financials should look very good. Below link to NMI results for cross-reference. I think we are on track and well underway to achieve what the company is aiming for and so production by 2024!

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/532-tsx-venture/nmi/90522-namibia-critical-metals-heavy-rare-earth-project-new-results-confirm-multiple-dysprosium-zones-at-area-2b-area-4-drilling-completed-and-mining-licence-application-advances.html
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