PURCHASE: Labrador property changes hands

VANCOUVER: Search Minerals Inc. and its wholly owned subsidiary, Alterra Resources Inc., announces the purchase from Great Western Minerals Group Ltd., its interest in the Red Wine Complex Property, located about 110km NE of Churchill Falls, Labrador.

The exploration work completed in 2010 and 2011 consisted of a comprehensive drilling, channeling and mapping program – nine CREE (Critical Rare Earth Element – Dy, Nd, Y, Tb) prospects were discovered on the Property. The best results consisted of 13.07 m of channel from the Merlot Prospect averaging 504 ppm Dy, 71.5 ppm Tb, 3116 ppm Y and 2047 ppm Nd.

For more information, visit www.searchminerals.ca.