Search Minerals is focused on creating shareholder value through finding and developing critical rare earth element (CREE) mineral assets in Labrador. The Company controls properties in three distinct areas of this region; the Port Hope Simpson (PHS) Critical Rare Earth Element District in SE Labrador; the Henley Harbour Area in Southern Labrador; and the Red Wine Complex located in Central Labrador. Our primary focus is on the PHS CREE District.
Search Minerals began exploring for Rare Earth Elements (REE) near the communities of St. Lewis and Port Hope Simpson in 2009. (Figure 1). Early in the exploration cycle it became apparent that the NW trending Fox Harbour Volcanic belt contained significant quantities of REE and had District potential. The FOXTROT Deposit on which a favourable Preliminary Economic Assessment (PEA) now exists (updated in April 2016), was discovered in 2010 through systematic follow-up on twenty-two (22) original showings identified within a 70 km long and 8 km wide belt that is now controlled by Search Minerals...
Staked in April 2010, the six licenses in the Henley Hr. area contain a total of 659 claims (165 sq. km.) on the southern coast of Labrador between Red Bay and Mary's Harbour. The property is underlain by Proterozoic felsic to intermediate intrusions and bands of supra crustal rocks, some of which are thought to be felsic volcanic rocks. Reconnaissance activity on these claims has included grab sampling and some channel sampling of showings that appear in three separate belts of mineralization. Following are the highlights. . . .
The Red Wine peralkaline complex consists of two identical plutons located 110 km NE of the community of Churchill Falls in Central Labrador. In 2010 and 2011 Search completed an extensive exploration program in the area consisting of prospecting, the mapping and channel sampling of nine critical rare earth element prospects, and some drilling. . . .