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Search Minerals Inc V.SMY

Alternate Symbol(s):  SHCMF

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

Post by Dariuszon Dec 18, 2021 5:19am
270 Views
Post# 34242991

Drill Results; NioCorp vs Search Minerals

Drill Results; NioCorp vs Search Minerals
NioCorp just released REE drill results from their Elk Creek Project. Here is a comparison of the main magnetic REEs with Search drill results from Deep Fox;

NioCorp reported a range of neodymium from 1109 to 347 (ppm) while Search reported 2405 to 1596 (ppm)
NioCorp reported a range of praseodymium 332-99 (ppm). Search 630-419 (ppm).
NioCorp reported a range of dysprosium 55.4 - 22.2 (ppm). Search 348 - 210 (ppm).
NioCorp reported a range of Terbium 11.8 - 4.6 (ppm). Search 58.2 - 36.2 (ppm). Rare Earth

Oxide Product Metal.com Indicative Average Price, 12/3/21 (USD/kg)
Neodymium Oxide $128
Praseodymium Oxide $130
Terbium Oxide $1,665
Dysprosium Oxide $439

NioCorp drill results; https://www.prnewswire.com/news-releases/niocorp-reports-rare-earth-assay-results-301444603.html

Search drill results; https://www.searchminerals.ca/news/news-releases/search-minerals-announces-results-of-successful-phase-3-drill-program-at-deep-fox
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