- Search Minerals (SMY) has announced that two bulk samples have been received for processing by magnetic separation
- The mineralization samples are from the company’s Foxtrot Resource and Deep Fox Discovery in Labrador
- The Deep Fox sample comprises 52.9 metric tonnes recovered from the exposed surface of the deposit
- The Foxtrot sample comprises 19.8 tonnes of surface material
- Search Minerals is down 2.78 percent, trading at $0.18 at 1:00 p.m EST
Search Minerals (SMY) has received two bulk samples for processing by magnetic separation.
The mineralization samples are from the company’s Foxtrot Resource and Deep Fox Discovery. Both are located in Labrador.
Separation processing is being conducted by SGS Canada.
The Deep Fox sample comprises 52.9 metric tonnes recovered from the exposed surface of the deposit.
The Foxtrot sample comprises 19.8 tonnes of surface material.
The program involves crushing and grinding the bulk samples and feeding a series of magnetic separation devices.
The results of the testing will be used as part of a scale up to a full commercial magnetic separation plant.
Testing will be carried out at a scale of over 500 kg per hour of material treatment for the next few weeks.
“The benefit of producing a concentrate, using the grinding and magnetic circuit, prior to our proprietary Direct Extraction Process, is the reduction in size of equipment and reduced chemical and energy use to obtain similar overall recoveries of saleable rare earth elements,” said the company’s Vice President of Metallurgy Dr. David Dreisinger.
Search Minerals is down 2.78 percent, trading at $0.18 at 1:00 p.m EST.