Search Minerals Inc V.SMY

How good are the drill results??!

[Dariusz]

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

[chico237]

Compare Search Minerals (Grades/PPM) to the Round Top project in Texas.  Round Top - Owner: Texas Mineral Resources (20%) w/ USA Rare Earths Earn-In (80%) (OTCQB:TMRC) Deposit Type: Tertiary peralkaline rhyolite intrusion Resource: 364 Million mt (M & I)* In-place Pr Grade: 10.3 ppm (crustal abundance 7.1 ppm) In-place Nd Grade: 27.9 ppm (crustal abundance 26.0 ppm) In-place Tb

[Sgleezy]

Interesting, thanks for sharing Chico. I guess we're waiting for the PEA to really see some movement in the volume/price.

[Dariusz]

Thanks Chico. If you care drop into Search Discord group to post some info. Here is the link; https://discord.gg/dBVHE7a3

[chico237]

  Search Minerals via an  independent lab will turn these results into an NI 43-101 Rare Earth Mineral estimate for Deep Fox which will state TREO% & pounds in the ground for each viable mineral.  Just compare the (PPM's ) to the Round Top project. (Look darn good to me!)   The PEA will address the economics/Capex/NPV of the Deep Fox Resource. Leading up to a Feasibilty