Search Minerals Reports Successful Phase 1 Drill and Channel Program Results at FOX MEADOW CREE Mineralized Zone
Search Minerals Reports Successful Phase 1
Drill and Channel Program Results at FOX
MEADOW CREE Mineralized Zone
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - June 25, 2025) -
Search Minerals
Inc. (TSXV: SMY) (OTC Pink: SHCMD) ("Search" or the "Company")
is pleased to announce
assay results for Phase 1 (2022) drill holes and channels from its
FOX MEADOW
Critical Rare Earth
Element ("
CREE
") property in SE Labrador. Assays from all 14 exploration drill holes and 5 channels
show significant CREE values throughout the mineralized zone; mineralization is observed in all drill
holes and surface channels. Under new leadership, Search is actively addressing and correcting
previous delays in the release of results included today's update on
FOX MEADOW
.
HIGHLIGHTS OF FOX MEADOW EXPLORATION PROGRAM:
FOX MEADOW
drill holes and channels confirm continuity of grades and widths of the mineralized
zone; Exploration drilling confirms the presence of substantial CREE mineralization to at least
140m depth and channeling has expanded the surface exposure of the mineralized zone 100m to
the southeast;
Mineralized zone is at least 750m in strike length and up to 140m wide on the surface; it is open
along strike in both directions and below 140m depth;
Phase 1 drill and channel assay highlights (all true widths – Table 1):
FM-22-10 (drill hole): 288 ppm Dy, 1277 ppm Nd, 309 ppm Pr, 45.3 ppm Tb over 8.43m;
FM-22-12 (drill hole): 212 ppm Dy, 973 ppm Nd, 236 ppm Pr, 33.0 ppm Tb over 38.63m;
FM-22-13 (drill hole): 206 ppm Dy, 1058 ppm Nd, 261 ppm Pr, 33.1 ppm Tb over 48.44m;
FMC-22-04 (channel): 229 ppm Dy, 1153 ppm Nd, 283 ppm Pr, 36.8 ppm Tb over 17.12m.
The Phase 1 drilling program samples about 300m of the 750m surface mineralized zone;
This program illustrates the need for a much larger drill program and expanded channel programs.
"The 2022 drill and channel results affirm the scale, consistency, and potential of critical rare earth
element mineralization on the
FOX MEADOW
property.
FOX MEADOW
contains substantial
concentrations of the key critical rare earth elements: neodymium, praseodymium, dysprosium, and
terbium. To fully realize the district's potential, the addition of a third resource, along with the resources at
DEEP FOX
and
FOXTROT
, would reinforce the long-term opportunity present in southern Labrador for
a resilient, Made-in-Canada rare earth supply chain."
Joseph Lanzon, CEO, Search Minerals Inc.
The exploration drill program consisted of 14 drill holes totaling 2,006m (Figure 1) and ranging from 95-
205m deep; up to 140m below surface. All holes were collared on surface channels and most were
drilled parallel to channels at a 45° angle to intersect northwesterly, steeply dipping, mineralized units.
Drill hole assay results (highlights in Table 1) are similar to those from the previous channel programs
(see Search Minerals news releases: March 14, 2019; April 6, 2020; Oct. 28, 2020; May 5, 2022). The
Phase 1 drill program sampled at depth about 300m of the 750m currently channeled surface extent of
the mineralization (Figure 1).
Five new channels, totaling 216.31m, were cut in the 2022 program. Three new channels (FMC-22-01,
FMC-22-02, FMC-22-03) are southwest extensions of previous channels. Two other channels (FMC-22-
04 & FMC-22-05) were step-out channels to extend coverage a total of 100m southeast of the then
known mineralized zone. Assay results (highlights in Table 1) from these five channels are consistent
with previous results (see Search Minerals news releases: March 14, 2019: April 6, 2020; Oct. 28, 2020;
May 5, 2022); these results extent the mineralized zone a further 100m to the southeast.
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. Splits of all channels and drill core are stored at the St. Lewis core storage facility.
The results of the 2022 channel and drill program indicate the following: 1) the mineralized zone occurs
to at least 140m vertical depth and is at least 750m in surface strike length, 2) the mineralization is open
at depth and along strike, 3) further step-out surface channeling/sampling is needed along strike to the
SE, 4) a larger drill program (>4000m) is need to sample the currently exposed surface mineralization,
5) additional infill channeling is needed to increase data for a resource estimate, and, 6) drilling
coverage is needed to at least 200m vertical depth to prepare a resource estimate for open pit
resources.
The REE-Zr-Hf mineralization at
FOX MEADOW
is hosted by metamorphosed peralkaline volcanic
rocks, mostly commendites and pantellerites, and related subvolcanic pegmatitic zones. Interbedded
unmineralized mafic to ultramafic volcanic rocks, cross-cutting subvolcanic equivalents and cross-cutting
granitic pegmatites are found within the mineralized zone. The mineralized rocks are characterized by
high concentrations of Zr and Hf (Table 1) and contain significant concentrations of both important light
REE (e.g., Nd, Pr) and heavy REE (e.g., Dy, Tb).
The
FOX MEADOW
REE Project is 11 km west of Port Hope Simpson, on the Labrador Sea, and
occurs about 1 km from a gravel-covered, three-season forest access road leading to the paved Trans
Labrador Highway. Port Hope Simpson is about 40 km northwest of the
FOXTROT
deposit and 50 km
northwest of the
DEEP FOX
deposit on paved and all-season gravelled roads.
TABLE 1 SUMMARY OF 2022 FOX MEADOW PHASE 1 DRILL & CHANNEL PROGRAM
RESULTS
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2445/256780_searchmineralstbl1.jpg
FIGURE 1 - FOX MEADOW CHANNEL AND DRILL HOLE LOCATIONS, LABRADOR
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2445/256780_5cda1c5dc497c969_002full.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/256780