Post by
Dariusz on Nov 10, 2021 3:58am
Looking at that interview from yesterday ...
Looking at that interview from yesterday ...
1. CEO Greg Andrews states that they have all the results in from the 7000 meter drill at Deep Fox. They had 6000 assays to test!
2. Channel sampling at Fox Meadow and Silver Fox are also completed - I imagine we get results from that as well. This two will be drilled in 2022.
3. The new PEA which will include Deep Fox in addition to Foxtrot will be 'robust' and a big improvement from the one done in 2016 showing that Search mining the two deposits will be economical because of a) adding Deep Fox will increase daily production to 2000 tons. b) recovery rates are now improved from 79% to 90%. c) Deep Fox resource has 15% higher grades over Foxtrot. d) prices of REEs are significantly higher now than in 2016 - more than doubled. It is now expected to be completed in January / February 2022.
4. Apparently Search employs some of the most talented individuals in the Rare Earth business including Dr. Randy Miller, Dr. David Dreisinger.