Search Minerals Discovers Henley Harbour CRITICAL REE District In SE Labrador

VANCOUVER, March 13, 2015 /CNW/ - Search Minerals Inc. ("Search" or the "Company") (TSXV: SMY), and its wholly-owned subsidiary, Alterra Resources Inc. ("Alterra"), are pleased to announce the discovery of three belts of "critical rare earth element" (CRITICAL REE) mineralization in the Henley Harbour area of SE Labrador: Bad Bay - Iceberg, St. Peter's Bay and Pleasure Pond. Channel and grab samples from showings in these belts reveal high concentrations of REE, Nb, Zr and Y from the Bad Bay-Iceberg belt, and high concentrations of Zr, Nb, and HREE, including Dy and Y, from St. Peter's Bay and Pleasure Pond belts.

Highlights

  • Three new prospective belts for CRITICAL REE (Nd, Tb, Dy, Y) discovered in the Henley Harbour CRITICAL REE District, SE Labrador;
  • Best channel results (Bad Bay – Iceberg): 3.55m of 280 ppm Dy (322 ppm Dy2O3) including 0.60m of 506 ppm Dy (582 ppm Dy2O3); (Pleasure Pond): 0.18m of 904 Dy (1040 ppm Dy2O3);
  • High grades are found in each belt: 1) Bad Bay - Iceberg reveals Dy values up to 506 ppm (Dy203 up to 582 ppm); 2) St. Peter's Bay reveals Dy values up to 1290 ppm (Dy203 up to 1484 ppm); and, 3) Pleasure Pond reveals Dy values up to 3400 ppm (Dy2O3 up to 3910 ppm); and,
  • Each belt exhibits characteristics similar to the HighREE Hills and Ocean View belts found 30 - 40 km to the north in the Port Hope Simpson CRITICAL REE District.

Greg Andrews, Search President, comments " The Henley Harbour District is the second CRITICAL REE District that Search has discovered in Labrador. We will be focusing on the FOXTROT project in the Port Hope Simpson CRITICAL REE District and will be looking for a joint venture partner to fund further development in the Henley Harbour District."

CRITICAL REE Prospects in the Henley Harbour CRITICAL REE District

Three new belts containing Critical REE mineralization have been discovered in the Henley Harbour CRITICAL REE District, SE Labrador (see Figure 1): Bad Bay – Iceberg (2.25 km long), St. Peter's Bay (< 1 km long) and Pleasure Pond (1.5 km long) belts. The Henley Harbour area is located 25-30 km southeast of Mary's Harbour and 30 - 40 km south of St. Lewis and is accessible by air and boat. The three new belts are within 0.5 km of tidewater and occur from 18 - 25 km east of the Trans-Labrador Highway; the FOXTROT PROJECT is located 33 – 40 km to the north.

These belts contain high grades of CRITICAL REE found mainly in allanite-, zircon- and fergusonite-bearing pegmatites and related volcanic rocks in a setting similar to the HighREE Hills (see Search Minerals:Encouraging Phase I drilling results from Pesky Hill REE Prospect in Port Hope Simpson REE district, SE Labrador, January 25, 2013) and Ocean View belts (see Search Minerals discovers the Ocean View HREE-Zr-Y-Nb Prospect in Port Hope Simpson REE District, SE Labrador, November 21, 2011) located to the north. High grades have been found in each belt:

1) Bad Bay - Iceberg (see Table 1 and Table 2) reveals Dy values from 195-506 ppm (Dy203 from 224-582 ppm); HREE+Y/Total REE+Y ranges up to 25.54%; Nb values range from 352 to 3852 ppm, and Y values range from 971 to 2156 ppm;

2) St. Peter's Bay (see Table 3) reveals Dy values from 228-1290 ppm (Dy203 from 259-1481 ppm); HREE+Y/Total REE+Y ranges up to 84.87%; Nb values range from 1339 to 14862 ppm, and Y values range from 1199 to 7056 ppm; and

3) Pleasure Pond (see Table 3) reveals Dy values up to 3400 ppm (Dy203 up to 4500 ppm); HREE+Y/Total REE+Y ranges up to 65.07%; Nb values range up to 14407 ppm, and Y values range up to 14700 ppm.

Analytical techniques, sample preparation and channel sampling procedures are outlined in Search's July 27, 2010 and September 8, 2010 news releases.

A small exploration program is planned in 2015 to further evaluate these REE mineralized belts.

Table 1 - REE-Y-Nb-Zr Assays for Selected Grab and Channel Samples –

Iceberg Prospect

SHOWING 

ICEBERG

SAMPLE No.

HHC-07
(Channel Sample)

HHC-08
(Channel Sample)

HHC-11
(Channel Sample)

HHH-1019
(Grab Sample)

FROM (m)

1.90

1.80

3.25

4.45

0.20


TO (m)

3.00

5.35

5.35

5.05

1.10


INTERVAL (m)

1.10

3.55

2.10

0.60

0.90









Y

1410

1234

1533

2156

1220

975

Zr

80264

32191

824

25190

22383

35030

Nb

497

399

1062

623

394

352








La

7103

2581

3171

4770

4426

2140

Ce 

13286

4917

6083

9010

8276

3980

Pr 

1297

509

629

926

874

433

Nd

4361

1761

2203

3220

2748

1360

Sm 

678

345

442

637

444

250

Eu 

39.8

23.5

30.2

42.6

27.2

16.7

Gd

470

287

372

530

343

208

Tb 

64.0

49.8

65.2

91.5

48.9

34.1

Dy 

326

280

365

506

262

198

Ho 

60.8

53.2

68.7

94.1

48.3

38.8

Er 

179

145

183

243

127

104

Tm

25.6

19.5

24

30.7

16.7

16

Yb 

173

115

138

167

98.2

93

Lu

28.9

16.7

19.0

22

14.47

14.4








LREE

26726

10113

12528

18563

16767

8163

HREE

1368

989

1264

1727

986

723

HREE + Y

2778

2223

2797

3883

2206

1698

TREE

28094

11102

13793

20290

17753

8886

TREE + Y

29504

12336

15325

22446

18973

9861

% TREE

2.81%

1.11%

1.38%

2.03%

1.78%

0.89%

% TREE + Y

2.95%

1.23%

1.53%

2.24%

1.90%

0.99%

% HREE

4.87%

8.91%

9.16%

8.51%

5.55%

8.13%

% HREE + Y

9.42%

18.02%

18.25%

17.30%

11.63%

17.22%

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)

 

Table 2 - REE-Y-Nb-Zr Assays for Selected Grab and Channel Samples –

Bad Boy Prospect

SHOWING

BAD BAY

SAMPLE No.

HHC-27
(Channel Sample)

HHC-25
(Channel Sample)

HHH-11-1031
(Grab Sample)

HHH-11-1020
(Grab Sample)

FROM (m)

0.40

8.90

0.00

1.42



TO (m)

3.91

10.18

3.44

3.03



INTERVAL (m)

3.51

1.28

3.44

1.61










Y

1399

1533

971

1258

1279

1453

Zr

60758

824

6957

5569

2876

3671

Nb

912

1062

577

701

3852

718








La

7047

7084

1694

2129

1700

3950

Ce 

12718

13466

3294

4172

3230

7610

Pr 

1175

1347

340

436

335

817

Nd

3717

4561

1150

1486

1090

2570

Sm 

492

688

225

295

187

444

Eu 

34.8

52.4

19.5

24.9

15.6

33.6

Gd

338

470

188

246

169

353

Tb 

46.4

67.5

32.6

42.6

36.2

51.6

Dy 

252

351

195

254

248

292

Ho 

49.9

64.8

37.8

49

59.7

57.9

Er 

157

178

102

130

195

157

Tm

26.9

25.9

15

18.4

29.4

22

Yb 

197

160

93

110

185

132

Lu

35.3

24.8

14.5

16.1

27.6

21.1








LREE

25148

27146

6703

8518

6542

15391

HREE

1137

1394

697

891

966

1120

HREE + Y

2536

2926

1668

2149

2245

2573

TREE

26285

28540

7400

9408

7508

16511

TREE + Y

27684

30073

8371

10666

8787

17964

% TREE

2.63%

2.85%

0.74%

0.94%

0.75%

1.65%

% TREE + Y

2.77%

3.01%

0.84%

1.07%

0.88%

1.80%

% HREE

4.33%

4.88%

9.42%

9.47%

12.86%

6.78%

% HREE + Y

9.16%

9.73%

19.93%

20.15%

25.54%

14.32%

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)

 

Table 3 - REE-Y-Nb-Zr Assays for Selected Grab and Channel Samples –

St. Peter's Bay and Pleasure Pond Prospects

SHOWING

ST. PETER'S BAY

PLEASURE POND

SAMPLE No.

HHC-02
(Channel Sample)

HHH-30
(Grab Sample)

HHH-29
(Grab Sample)

PPH-01
(Grab Sample)

PPC-01
(Channel)

FROM (m)

0.00

3.40




0.47

TO (m)

0.65

3.90




0.65

INTERVAL (m)

0.65

0.50




0.18








Y

1199

1820

7056

6378

14700

6226

Zr

1733

3779

18090

18660

21830

3050

Nb

1339

2384

14862

13324

14407

7794








La

168

109

1450

159

15500

1070

Ce 

450

307

4190

770

34100

2360

Pr 

65.4

47.4

504

101

3930

292

Nd

280

225

1940

571

14200

1170

Sm 

108

109

560

325

3010

380

Eu 

11.0

12.6

56.9

38

257.0

36

Gd

119

159

642

502

2780

470

Tb 

30.1

42.1

169

139

514.0

112.0

Dy 

228

337

1290

1080

3400

904

Ho 

49.4

76.6

327

277

719.0

224.0

Er 

161

257

1150

981

2340

803

Tm

27

42.8

199

171

329

131

Yb 

172

273

1270

1080

1920

816

Lu

22.4

37.2

184

158

267.0

101.0








LREE

1070

797

8644

1926

70740

5272

HREE

820

1237

5288

4426

12526

3597

HREE + Y

2019

3057

12344

10804

27226

9823

TREE

1890

2035

13932

6352

83266

8869

TREE + Y

3089

3855

20988

12730

97966

15095

% TREE

0.19%

0.20%

1.39%

0.64%

8.33%

0.89%

% TREE + Y

0.31%

0.39%

2.10%

1.27%

9.80%

1.51%

% HREE

43.37%

60.81%

37.96%

69.68%

15.04%

40.56%

% HREE + Y

65.35%

79.31%

58.81%

84.87%

27.79%

65.07%

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)

 

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:

Search Minerals Inc. (TSXV: SMY) is a TSX Venture Exchange listed company focused on creating value through finding and developing "critical rare earth element (CRITICAL REE)" mineral assets in Labrador – CRITICAL REEs (Nd, Eu, Tb, Dy, Y) have growing demand, constrained or restricted supply and are commonly used in innovative technologies."

Search is the discoverer of the Port Hope Simpson CRITICAL REE District, a highly prospective CRITICAL REE belt located in southeast Labrador, where the Company controls a belt 70 km long and up to 8 km wide. Search owns 100% of the advanced CRITICAL REE resource called the Foxtrot Project (FOXTROT), and a recently announced Foxtrot-like prospect called "Deepwater Fox". In addition, the Company has identified more than 20 other Foxtrot-like prospects in the District. The primary focus of Search is to continue to advance the Foxtrot resource, while evaluating other Foxtrot-like prospects. Several of the Foxtrot-like prospects require exploration drilling programs and may provide additional resources to a central processing facility that would be situated within the District.

The Company is also the discoverer of the Henley Harbour CRITICAL REE District in SE Labrador, where the Company controls a belt approximately 12 km long and 2 km wide. This district is 25 km south of the Company's primary focus, the Port Hope Simpson CRITICAL REE District.

Search also holds a number of other CRITICAL REE mineral prospects in Labrador in its portfolio, including: claims in the Strange Lake Complex, where Quest Rare Minerals has a Joint Venture with Search; and, claims in the Red Wine Complex, where Great Western Minerals Group has a Joint Venture with Search.

Search Minerals is led by a Management Team and Board of Directors with proven track records in the mining industry. The Company also has experienced geological and metallurgical teams led by Dr. Randy Miller and Dr. David Dreisinger respectively.

All material information on the Company may be found on its website at searchminerals.ca and on SEDAR at sedar.com.

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 of the adequacy or accuracy of this release.

Cautionary Statement:

This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward- looking statements. Factors that could cause actual results to differ materially from these forward- looking statements include those risks set out in Search's public documents filed on SEDAR at www.sedar.com. Although Search believes that the assumptions and factors used in preparing the forward- looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Search disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Search Minerals Inc.

Image with caption: "Figure 1 - Henley Harbour REE Belts (CNW Group/Search Minerals Inc.)". Image available at: http://photos.newswire.ca/images/download/20150313_C4632_PHOTO_EN_13187.jpg

For further information: please contact: Greg Andrews, President, T: 604-998-3432; F: 604-608-5717, E: info@searchminerals.ca

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