Search Minerals Announces Results of Successful Phase 4 Drill & Channel Programs at DEEP FOX CREE Deposit
Search Minerals Announces Results of
Successful Phase 4 Drill & Channel Programs
at DEEP FOX CREE Deposit
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - June 19, 2025) -
Search Minerals
Inc. (TSXV: SMY) (OTC Pink: SHCMD) ("Search" or the "Company")
, is pleased to announce
receipt of assay results for Phase 4 (2022) drill holes and channels from its
DEEP FOX
Critical Rare
Earth Element ("
CREE
") property in SE Labrador. Assays from all 63 exploration drill holes, 13
geotechnical drill holes and 3 channels show significant CREE values throughout the mineralized zone;
mineralization is observed in all levels (surface channels, 25m, 50m, 100m, 150m, 200m). These results
were not released earlier due to a lack of execution and oversight by the former Board of Directors. That
chapter is closed. Under new leadership, Search is committed to accountability, transparency, and
driving this project forward without delay.
HIGHLIGHTS OF DEEP FOX EXPLORATION PROGRAM:
DEEP FOX
infill drill holes and channels confirm continuity of grades and widths of the mineralized
zone;
Exploration drilling and channeling have expanded the mineralized zone to the east on the surface
and to the east and west at depth;
Mineralized zone is at least 600m in strike length and from 11m to 38m wide and open below
200m depth;
Phase 4 assay highlights (all true widths):
FDC-22-02 (channel): 297 ppm Dy, 2047 ppm Nd, 545 ppm Pr, 50.0 ppm Tb over 10.29m;
FD-22-19 (drill hole): 256 ppm Dy, 1848 ppm Nd, 496 ppm Pr, 43.5 ppm Tb over 29.92m;
FD-22-18 (drill hole): 238 ppm Dy, 1905 ppm Nd, 507 ppm Pr, 40.9 ppm Tb over 20.13m;
FD-22-17 (drill hole): 282 ppm Dy, 2050 ppm Nd, 558 ppm Pr, 47.8 ppm Tb over 11.83m;
FD-22-29 (drill hole): 290 ppm Dy, 2196 ppm Nd, 586 ppm Pr, 50.3 ppm Tb over 8.81m;
This program more than doubles the previous drill programs (Phases 1 to 3: 61 holes totaling
11,927m); a new resource estimate using this new database will support a Feasibility study.
"These assay results validate what we've long believed—Deep Fox stands as a premier source of
critical rare earth elements. With mineralization extending from surface to 200 metres and widths
reaching up to 38 metres, Search remains steadfast in its commitment to developing a generational
asset grounded in ESG principles and strengthened by the direct partnership of the NunatuKavut
Community Council (NCC). These findings pave the way for an updated resource estimate, reinforcing
the long-term feasibility of the project. Search is dedicated to unlocking the full potential of Canada's
most advanced CREE district, and we deeply appreciate our investor community's unwavering support
in shaping this vision."
Joseph Lanzon, CEO, Search Minerals Inc.
The exploration drill program consisted of 63 drill holes totaling 10,652m. Most holes were collared to
infill drill the previous 25m grid; some holes were helicopter-supported drill holes on the slopes of Deep
Fox Hill. Additional holes were spotted to expand the mineralized zone and resource to the east and
west at depth. Infill drilling results will improve the previous resource (see Search Minerals News
Release – April 11, 2022) to move indicated resource to measured and inferred resource to indicated
to support a NI-43-101 Feasibility study. The assay results indicate that the mineralization grades and
thicknesses are consistent with the previous three drill programs (see Search Minerals News
Releases – March 5, 2018; Oct. 29, 2018; Dec. 5, 2018; Feb. 28, 2019; Nov. 15, 2021). The
mineralization/resource is open at depth, below the 200m level, down the NE plunge.
The geotechnical drill program consisted of 13 drill holes totaling 3,362.6m. This program was designed
to obtain geotechnical samples and data to support the engineering and design of a safe and efficient
open pit for the Feasibility study. Eleven of the 13 drill holes intersected mineralization – assays from
these holes will be incorporated into the new resource estimate.
Three new channels, totaling 102.71m, were cut in the 2022 program. Two channels (FDC-22-01 &
FDC-22-02) were infill between previous channels, chosen to improve the near surface level resource;
assay results from these channels are consistent with previous results (see Search Minerals news
releases Jan. 27, 2015; Oct. 15, 2015; Nov. 27, 2017). The third channel was spotted to extend the
mineralization/resource to the east; assays from this channel indicate that the mineralized zone is at
least 600m long from east to west.
In addition to assay sampling, all channels and drill holes have been geologically, structurally and
geotechnically logged. All sample intervals have also been measured for density, magnetic susceptibility
and radioactivity.
The
DEEP FOX
(formerly Deepwater Fox) property (see Search Minerals news releases Jan. 27
th
,
2015 and Oct. 15
th
2015) occurs about 2 km NE of the port of St. Lewis on the SE Labrador coast and
is 12 km east of the
FOXTROT
Deposit. It can be accessed by all-weather gravel and paved roads from
Goose Bay and by ocean through the port of St. Lewis (Fox Harbour).
TABLE 1 SUMMARY OF 2022 DEEP FOX PHASE 4 DRILL & CHANNEL PROGRAM RESULTS
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2445/256131_table1.jpg
Quality Assurance / Quality Control (QA/QC):
Drill core is logged, split, tagged, photographed, half-of-core sampled and bagged by Company
personnel. The remaining half-of-core is stored in the Company's core storage facility in St. Lewis. The
samples are shipped to Activation Laboratories Ltd. (ActLabs) sample prep facility in Ancaster, Ontario,
where they are crushed to 80% -10 mesh and riffled to produce a representative sample. This sample is
then pulverized to 95% -200 mesh with the pulverizing mills being cleaned between each sample with
cleaning sand. A representative sample is treated by a lithium metaborate/tetraborate fusion and then
analyzed by ICP and ICP/MS techniques. Mass balance is required as an additional quality control
technique and elemental totals of the oxides should be between 98% and 101%. For QA/QC purposes
Search requires duplicates and coarse duplicates every 25 samples, two Search reproducibility
standards every 50 samples and 4 blind, Search inserted, standards every drill hole. ActLabs analyzes
duplicates and splits approximately every 15 samples and also analyses 22 measured standards for
QA/QC. To further enhance our QA/QC procedures Search has a program of checking analytical results
with other labs to confirm the ActLabs results. ActLabs is an ISO/IEC 17025 accredited laboratory.
Qualified Person:
Dr. Randy Miller, Ph.D., P.Geo, is the Company's Vice President, Exploration, and Qualified Person (as
defined by National Instrument 43-101) who has supervised the preparation of and approved the
technical information reported herein. The company will endeavour to meet high standards of integrity,
transparency, and consistency in reporting technical content, including geological and assay (e.g., REE)
data.
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing
Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging
Port Hope Simpson - St. Lewis CREE District of South-east Labrador. The Company controls a belt 63
km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities.
Search has completed a preliminary economic assessment report with resource estimates for
FOXTROT
and
DEEP FOX
. Search is also working on three exploration prospects along the belt which
include:
FOX MEADOW, SILVER FOX
and
AWESOME FOX
.
All material information on the Company may be found on its website at
www.searchminerals.ca
and on
SEDAR at
www.sedarplus.ca
.
For further information, please contact:
Joseph Lanzon
CEO and Director
Tel: 613-796-5957
E-mail:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding "Forward-Looking" Information.
Except for the statements of historical fact, this news release contains "forward-looking information"
within the meaning of the applicable Canadian securities legislation that is based on expectations,
estimates and projections as at the date of this news release. "Forward-looking information" in this
news release includes information about the Company's proposed exploration programs described
herein, and other forward-looking information. Factors that could cause actual results to differ
materially from those described in such forward-looking information include, but are not limited to, the
inability to obtain the necessary resources to complete the exploration programs and poor exploration
results.
The forward-looking information in this news release reflects the current expectations,
assumptions and/or beliefs of the Company based on information currently available to the Company.
In connection with the forward-looking information contained in this news release, the Company has
made assumptions about the Company's financial condition and development plans do not change
as a result of unforeseen events, and that the Company will receive all required regulatory approvals.
Although the Company believes that the assumptions inherent in the forward-looking information are
reasonable, forward-looking information is not a guarantee of future performance and accordingly
undue reliance should not be put on such information due to the inherent uncertainty therein. The
Company does not assume any obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the forward-looking statements, unless
and until required by applicable securities laws. Additional information identifying risks and
uncertainties is contained in the Company's filings with the Canadian securities regulators, which
filings are available at
www.sedarplus.ca
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256131