Search Minerals Reports Assays From 2020 Exploration Program at AWESOME FOX CREE Project in SE Labrador
Search Minerals Reports Assays From 2020 Exploration Program at
AWESOME FOX CREE Project in SE Labrador
VANCOUVER, British Columbia, Oct. 20, 2020 -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “ Company”) is
pleased to report 2020 channel assays for Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) from the
AWESOME FOX project in the Port Hope Simpson – St. Lewis CREE District. Mineralized zones, on the surface, at
Awesome Fox are at least 850 m long and up to 43m wide; seven channels, totaling 257.91 m were trenched and 500
samples were collected in 2020.
HIGHLIGHTS OF THE 2020 EXPLORATION PROGRAM
• The 2020 and previous channel programs indicate that mineralization within the UAV magnetic anomaly is at least
850m long and 4m - 43m thick.
• Channel assay highlights (all true widths):
• FMC-20-02: 11,146 ppm Zr, 247 ppm Dy, 1,533 ppm Nd, 379 ppm Pr, over 3.34m;
• FMC-20-03: 17,079 ppm Zr, 198 ppm Dy, 1,191 ppm Nd, 306 ppm Pr over 4.31m;
• FMC-20-07: 14,562 ppm Zr, 211 ppm Dy, 1,142 ppm Nd, 298 ppm Pr over 3.97m;
• Channels outline several medium- to high-grade zones within low-grade mineralization.
• The 2020 exploration program was carried out with no positive Covid-19 cases .
Greg Andrews, President/CEO states; “The exploration program at Awesome Fox helps define another potential prospect
within our 63km Critical Rare Earth Element District. Our District currently contains 2 resource estimates ( FOXTROT and
DEEP FOX), and 3 advanced prospects ( AWESOME FOX, SILVER FOX and FOX MEADOWS). We continue to define our
District concept along with demonstrating our ability to process the REE material into a highly purified mixed rare earth
carbonate concentrate and mixed REO concentrate for separation and refining. We believe that Search is well positioned to
capitalize on the renewed interest in creating a secure rare earth supply chain in North America and Europe.”
AWESOME FOX
The combination of the 2020 channel program (7 new channels) at AWESOME FOX with previous channels outline a zone,
ranging from about 4-43m thick and 850m long, that corresponds with the UAV (Unmanned Aerial Vehicle) magnetic anomaly
outlined in 2019 (see Search Minerals News Release, Sept. 18, 2019). All new channels required trenches to be excavated
due to extensive treed and overburden-covered terrain.
Additional channels and extensions to previous channels are required to better define the surface extent of the known medium-
to high-grade mineralization; an infill channel program is planned for the 2021 exploration season. Mineralization is hosted by
felsic peralkaline volcanic rocks similar to those at the nearby Foxtrot and Deep Fox deposits, and the Silver Fox and Fox
Meadow mineralized zones.
The AWESOME FOX prospect occurs about 10 km southeast of Port Hope Simpson and within 0.5 km of a paved highway.
Port Hope Simpson is about 40 km northwest of FOXTROT and 50 km from DEEP FOX on paved and all-season graveled
roads.
TABLE 1 WEIGHTED AVERAGE OF SOME CREE MINERALIZED INTERVALS AT AWESOME FOX PROJECT
FAC-20-01 FAC-20-02 FAC-20-02 FAC-20-03 FAC-20-04 FAC-20-07
From (m) 26.97 12.13 31.55 6.09 0.00 7.40
To (m) 30.23 15.12 34.98 10.40 1.73 11.37
Length (m) 3.26 2.99 3.43 4.31 1.73 3.97
Y (ppm) 848 761 1,049 820 823 967
Zr (ppm) 11,164 13,895 11,146 17,079 17,499 14,562
Nb (ppm) 323 239 395 327 291 346
Hf (ppm) 247 317 267 395 366 320
La (ppm) 1,076 642 1,238 1,051 827 968
Ce (ppm) 2,479 1,581 3,025 2,478 1,971 2,291
Pr (ppm) 304 204 379 306 252 298
Nd (ppm) 1,191 828 1,533 1,191 1,003 1,142
Sm (ppm) 235 179 310 239 206 237
Eu (ppm) 13.3 9.4 16.6 12.5 10.9 13.1
Gd (ppm) 194 160 258 207 188 206
Tb (ppm) 32.0 27.5 41.4 34.3 30.9 34.4
Dy (ppm) 187 173 247 198 190 211
Ho (ppm) 35.9 34.1 47.8 38.0 38.7 40.1
Er (ppm) 101 100 135 108 112 116
Tm (ppm) 14.4 14.3 18.9 15.4 16.1 16.3
Yb (ppm) 89.1 90.2 118 99.3 102 104
Lu (ppm) 12.8 13.8 17.1 15.1 15.3 15.6
LREE 5,285 3,433 6,486 5,264 4,259 4,935
HREE 680 622 899 727 705 756
HREE + Y 1,529 1,383 1,948 1,547 1,528 1,723
TREE 5,966 4,055 7,385 5,991 4,964 5,692
TREE + Y 6,814 4,816 8,434 6,811 5,787 6,659
% TREE 0.60% 0.41% 0.74% 0.60% 0.50% 0.57%
% TREE + Y 0.68% 0.48% 0.84% 0.68% 0.58% 0.67%
% HREE 11.40% 15.34% 12.18% 12.14% 14.20% 13.29%
% HREE + Y 22.4% 28.7% 23.1% 22.7% 26.4% 25.9%
Mag REE 1,714 1,232 2,200 1,730 1,476 1,685
Note: All amounts parts per million (ppm). 10,000 ppm = 1% = 10 kg/tonne
REE Rare Earth Elements: La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu (Lanthanide Series).
TREE Total Rare Earth Elements: Add La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu.
LREE Light Rare Earth Elements: Add La, Ce, Pr, Nd, Sm.
HREE Heavy Rare Earth Elements: Add Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu.
Y Y not included in HREE due to relatively low value compared to most Lanthanide series HREE.
%HREE+Y %(HREE+Y)/( TREE+Y)
%HREE %( HREE/ TREE)
Mag REE Sum of Pr, Nd, Tb and Dy (used in REE magnets)
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.
For further information, please contact:
Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: [email protected]
About Search Minerals Inc.
Led by a proven management team and board of directors, Search is focused on finding and developing resources within the
emerging Critical Rare Earth Element (“CREE”) District of South East Labrador. The Company controls a belt 63 km long and
2 km wide including its 100% interest in the FOXTROT and DEEP FOX Projects, which are road accessible and at tidewater.
Exploration efforts have advanced FOX MEADOW, AWESOME FOX and SILVER FOX as new CREE prospects very similar
to and in close proximity to FOXTROT and DEEP 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.
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.
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statements”) within the meaning of applicable Canadian and United States securities legislation including the United States
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