VANCOUVER, Jan. 19, 2012 /CNW/ - Search Minerals Inc. (the "Company") (TSXV: SMY) announces that it has granted incentive stock options to
a director and a consultant of the Company for the purchase of an
aggregate of 155,000 common shares of the Company for a period of five
years at a price of $0.26 per share. These options have been granted
pursuant to the Company's Stock Option Plan.
ABOUT SEARCH MINERALS
Search Minerals Inc. (TSXV:SMY) is a TSX Venture Exchange listed
company, headquartered in Vancouver, B.C. Search is the discoverer of
the Port Hope Simpson REE District, a highly prospective light and
heavy REE belt located in southeast Labrador where the company controls
a dominant land position in a belt 135km long and up to 12km wide. In
addition, Search has a number of other mineral prospects in its
portfolio located in Newfoundland and Labrador, including a number of
claims in the Strange Lake Complex, where Quest Rare Minerals has an
earn-in agreement with the Company; and at the Red Wine Complex, where
Great Western Minerals Group is in a joint-venture with the Company.
Furthermore, Search Minerals is the owner of patents relating to the
Starved Acid Leaching Technology ("SALT"), a process with the potential
to aid in the recovery of certain metals.
Search Minerals is lead by a management team and board with a proven
track record in the mining industry. The Company has a team with deep
geological and metallurgical expertise lead by Dr. Randy Miller and Dr.
All material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at sedar.com.
SOURCE Search Minerals Inc.
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