Search Minerals Announces Results of the Fox Run 2025 Critical Rare Earth Element Channel Program in Southeastern Labrador
Search Minerals Announces Results of the Fox
Run 2025 Critical Rare Earth Element Channel
Program in Southeastern Labrador
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - March 19, 2026) - Search Minerals Inc.
(TSXV: SMY) (OTC Pink: SHCMF)
("
Search Minerals
" or the "
Company
") is pleased to report the
results of the 2025 channel sampling program at the
Fox Run
and three additional Critical Rare Earth
Element ("
CREE
") prospects in southeastern Labrador.
The program consisted of sampling both outcrop and excavator-trenched channels in exposed bedrock
at the
Fox Run
,
Foxy Lady
,
Krazy Fox
and
Silver Fox
prospects near St. Lewis, Labrador. Channel
assay grades and widths from new channels at
Fox Run
are comparable to those reported for the
Foxtrot Open Pit Indicated Mineral Resource
.
Importantly, the
Fox Run
and
Foxy Lady
prospects occur along the same mineralized belt between the
Company's
Foxtrot
and
Deep Fox
deposits, two of the most advanced rare earth deposits in the
emerging Port Hope Simpson-St. Lewis CREE district. The
Krazy Fox
and
Silver Fox
prospects occur
up to 2 km west of the
Foxtrot Deposit
along the same regional trend. The proximity of these prospects
to the
Foxtrot
and
Deep Fox
resources highlights the potential for additional mineralized zones to be
defined within a short distance of the Company's existing deposits and potential future mining
infrastructure (see Figure 1).
HIGHLIGHTS OF 2025 EXPLORATION PROGRAM
Fox Run Prospect
- Three channel samples ranging from 6.18m to 18.18m in width returned
CREE values comparable to those reported for the
Foxtrot Open Pit Indicated Mineral
Resource
(Table 1);
Channel sample assay highlights include:
FRC-25-01
(channel): 164 ppm Dy, 1200 ppm Nd, 321 ppm Pr, 28.0 ppm Tb over
18.18m
;
FRC-25-03
(channel): 200 ppm Dy, 1476 ppm Nd, 402 ppm Pr, 33.7 ppm Tb over
7.08m
;
FLC-25-05
(channel): 194 ppm Dy, 1307 ppm Nd, 344 ppm Pr, 33.4 ppm Tb over
4.24m
;
Fox Run remains open along strike
, and additional, excavator-supported, channel sampling is
planned to further delineate the mineralized zone and advance the prospect toward "
drill-ready"
status;
Foxy Lady
Prospect
- channel sampling confirms the presence of two mineralized bands about
4m wide, with assay results comparable to those reported for the
Foxtrot Open Pit Indicated
Mineral Resource;
The
Krazy Fox
and
Silver Fox
Prospects
- Occur within a continuous mineralized zone that
contains
Zr-Hf-LREE-enriched
mineralization relative to the Foxtrot deposits.
Jason Macintosh
, Interim CEO, comments:
"Search Minerals is evaluating these very prospective
mineralized zones to explore for additional resources for a Foxtrot-Deep Fox CREE mining operation.
The discovery of additional deposits within 10 km of the Foxtrot and Deep Fox resources would
provide material to extend the life of the mining operation in the St. Lewis area."
Figure 1 - St. Lewis Area, Labrador - Location of Fox Run, Foxy Lady, Krazy Fox and Silver Fox
Prospects Relative to the Deep Fox and Foxtrot Deposits.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2445/289068_search4.jpg
Fox Run Prospect:
It is located approximately 2.5 km east of the Foxtrot Deposit and occurs in the
same CREE-enriched felsic peralkaline unit as this deposit (see Figure 1). The 2025 program consisted
of 7 hand-dug channels measuring a total of 128m.
Three Fox Run
channels (see Table 1), containing intervals of
6.18m
to
18.18m
of
REE
mineralization
, have similar values to the
Foxtrot Open Pit Indicated Mineral Resource
(Table 1;
see Search Minerals News Release dated April 11, 2022). Channel FRC-25-01 is located
approximately 640m west of Channels FRC-25-02 and FRC-25-03, and 1,800m east of the
Foxtrot
deposit
.
The
Fox Run
Prospect
occurs along strike from the Foxtrot deposit and is contained within the same
CREE-enriched felsic peralkaline
stratigraphic unit. Geological mapping and a
continuous
magnetic anomaly
suggest the potential for mineralization between the three
Fox Run
channels
reported here.
Due to limited outcrop exposure in the area, an excavator-supported channel program is planned to
establish a link and evaluate the continuity of mineralization between the existing Fox Run channels. This
work is intended to advance the
Fox Run Prospect
toward "
drill-ready"
status.
Table 1 - Comparison of the Foxtrot Indicated Open Pit Resource to selected assay results from the
2025 Channel Programs at Fox Run, Foxy Lady and Silver Fox prospects
To view an enhanced version of this graphic, please visit:
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Foxy Lady Prospect:
The Foxy Lady Prospect is located approximately 3.7 km west of and along
strike from the Deep Fox deposit and contains CREE-enriched felsic peralkaline volcanic rocks
comparable to those that host the Deep Fox mineralization.
A total of 8 channel samples, totaling 61m, were completed during the 2025 program. Channel sampling
confirmed the presence of two east-west trending mineralized units approximately 40m apart, averaging
approximately 4m in width and extending for about 370m along strike. Additional excavator-supported
trenching is planned to extend the existing channels and expose bedrock in nearby covered areas to
further evaluate the continuity and extent of mineralization.
Krazy Fox Prospect:
The Krazy Fox Prospect is located less than 1 km west of the Foxtrot deposit,
along the same mineralized trend. Mineralization at Krazy Fox occurs within the same
CREE-enriched
peralkaline
system that hosts the Foxtrot deposit, but at a slightly different stratigraphic level. Assay
results indicate higher values of Zr, Hf and LREE, and lower HREE values (see Table 1) when compared
to the Foxtrot mineralization.
The Krazy Fox mineralization is comparable to that observed at the nearby Silver Fox Prospect and may
represent an eastward extension of the Silver Fox mineralized zone. The 2025 program at Krazy Fox
consisted of excavator trenching to extend four hand-dug channels completed in 2024, totaling 85.25 m
of channel sampling.
Silver Fox Prospect:
The Silver Fox Prospect now extends for more than 1.6 km along strike and is
interpreted to link up with the Krazy Fox Prospect, suggesting the presence of a continuous mineralized
trend.
Exploration work at the Silver Fox Prospect in 2025 consisted of 9 channel samples and channel
extensions, totaling 83.8m. Trenching, to expose bedrock, was also carried out by excavator. Assay
results indicate similar Zr, Hf and LREE values to those reported at Krazy Fox (see Table 1),
representing Zr-Hf-LREE-enriched and relatively HREE-depleted mineralization compared with the
Foxtrot deposit.
Conclusion:
The results from the 2025 Fox Run channel sampling program indicate that CREE
mineralization at the Fox Run Prospect, with channel widths ranging from 6m to 18m, is comparable in
thickness to mineralized zone which host the Foxtrot deposit,
where the open pit indicated mineral
resource averages approximately 15 m in thickness.
The Fox Run Prospect occurs along strike from the Foxtrot deposit and within the same
CREE-
enriched peralkaline
volcanic unit. An expanded excavator-supported channel sampling program is
planned to expose bedrock in areas of deeper overburden and to further evaluate the continuity of
mineralization in preparation for a potential exploration drill program.
Quality Assurance / Quality Control (QA/QC):
Channel samples, 10cm deep and 8cm wide, are cut by gas-powered diamond-bladed saw from
cleaned outcrops to provide samples for assay and logging/reference. Each channel is cut into two
vertical sections, similar to drill core, with a 6 cm thick section (weathering removed) being sent for
assay to Activation Laboratories Ltd (ActLabs). A 2 cm thick section is stored in channel boxes for
reference and to provide due diligence/verification samples. The channels are cut perpendicular to
strike, pieced together, logged and photographed to produce geological and geochemical sections.
These channel samples, or horizontal drill holes, produce the same data as vertical diamond drill holes,
except the data is from horizontal geological sections and the collected sample is 6 to 8 times bigger
than NQ drill core. Additional 8 cm wide cuts from a channel interval make excellent preliminary
metallurgical samples (1m of channel yields approximately 30kg of sample).
Litho-geochemistry samples (drill core or channel), all from bedrock, are collected by Company
personnel, bagged and described. Reference samples are also collected for each grab, litho-
geochemistry and channel sample. 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 one pulp duplicate and Search reproducibility
standard inserted at the 15th sample, and each 20 samples after, and a coarse reject duplicate every 20
samples. In addition, pulp standards are inserted at random by Search Minerals personnel. ActLabs
analyzes duplicates and splits approximately every 15 samples and also analyses 29 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 endeavor to meet high standards of integrity,
transparency, and consistency in reporting technical content, including geological and assay (e.g., REE)
data.
About Search Minerals
Led by a proven management team and board of directors, Search is focused on finding and developing
Critical Rare Earth 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 near 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
.
Search has continued to optimize our patented Direct Extraction Process technology with the generous
support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland
and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant
operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO
concentrate for separation and refining.
All material information on the Company may be found on its website at
www.searchminerals.ca
and on
SEDAR+ at
www.sedarplus.ca
.
About neo-CREOs (Adamas Intelligence - November 2017)
We consider neodymium, praseodymium, and dysprosium to be neo-CREOs and they are vital to
NdFeB magnets used widely in renewable power generation, electric mobility, and energy-efficient
technologies.
We consider terbium to be a neo-CREO because upon experiencing shortages of
dysprosium, consumers in the magnet industry will rapidly consume available terbium supplies in its
place for applications involving renewable power generation, electric mobility and energy efficient
technologies.
Lanthanum is considered a neo-CREO because it is widely used in catalytic converters
and rechargeable batteries, and will be increasingly used as a thermal stabilizer by producers of poly-
vinyl chloride (PVC) to minimize lead consumption and improve the energy efficiency of PVC and other
processing equipment.
For further information about Search Minerals, please contact:
Jason Macintosh
Interim CEO
Telephone: 416-320-9296
Email:
Forward-Looking Statements
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information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the
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"estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information in this
news release are based on certain material assumptions and involve, known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of
Search Minerals to be materially different from any future results, performance or achievements
expressed or implied by the Forward-Looking Information. Such risks and other factors include those
factors discussed in Search Minerals' public filings. Although Search Minerals has attempted to
identify important factors that could affect Search Minerals and may cause actual actions, events or
results to differ materially from those described in Forward-Looking Information, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can
be no assurance that Forward-Looking Information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on Forward-Looking Information. For further information on these and
other risks and uncertainties that may affect the Company's business, see the Company's
Management's Discussion and Analysis filed with certain Canadian securities regulators, which are
available at
www.sedarplus.ca
. Except as required by law, Search Minerals does not assume any
obligation to release publicly any revisions to Forward-Looking Information contained in this news
release to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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