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Search Minerals Acknowledges Junior Exploration Assistance

The date of: 2020-05-12
viewed: 3

Search Minerals Acknowledges Junior Exploration Assistance From Government of Newfoundland and Labrador


source:GlobeNewswire

Search Minerals Inc. (“Search” or the “Company”) (TSXV: SMY), is pleased to acknowledge receipt of a grant of $57,600.62 from the Province of Newfoundland and Labrador towards exploration work completed in 2019 on the Company’s Critical Rare Earth Element (CREE) claims located near the communities of St. Lewis and Port Hope Simpson in Southeastern Labrador.

Greg Andrews, President and CEO of Search Minerals states, “Search is very appreciative of the Junior Exploration Assistance Program (“JEA”) funds granted by the Province of Newfoundland and Labrador Department of Natural Resources. These funds allowed us to hire local personnel and continue to explore and advance the Critical Rare Earth Element District (the “District”) in 2019. The Company controls a belt 63 km long and 2 km wide and there are still 20 showings within this belt to be assessed and maintained. The highlight of the 2019 field season was the discovery of the high values of Zirconium/Hafnium in our surface channel samples at our prospect, SILVER FOX. Search has commissioned SGS Canada (Lakefield) (“SGS”) to conduct preliminary metallurgical testing on a channel sample from SILVER FOX for recovery of a zirconium and hafnium mineral concentrate. SGS will also test a sample of FOXTROT leach residue from the recent optimization program for by-product zirconium and hafnium recovery.”

Andrews added: “Our focus remains on rare earth element recovery, but the potential to add value through recovery of a zirconium and hafnium product is very exciting. Entry into the zirconium and hafnium supply chains could offer additional funding and offtake opportunities in addition to what is available from the rare earth supply chain.”



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