RARE EARTHS: Search Minerals makes second REE find in Labrador

LABRADOR – Vancouver-based Search Minerals has made a second discovery of rare earth elements in the Port Hope Simpson district. This find, dubbed Deepwater Fox, is even more promising than the nearby Foxtrot deposit found last year.

Search says that Deepwater Fox may be as large as 500 metres long and 34 metres wide. Channel samples over 5.96 metres returned assays of 1,433 ppm Y, 2,156 ppm Nd, 48 ppm Tb, and 286 ppm Dy. A portion over 17.5 metres assayed 1,284 Y, 1,893 ppm Nd, 41 ppm Tb, and 24.1 ppm Dy.

Last year's mapping and prospecting program outlined mineralized rocks occurring within a stratigraphic unit of the Fox Harbour volcanic belt. REE bearing minerals are believed to be mainly allanite and fergusonite.

Additional details about both discoveries are available at SearchMinerals.ca.