SEARCH through its wholly owned subsidiary ALTERRA, owns 301 claims comprising 7,525 hectares known as the RED WINE PROPERTY, located approximately 100 km north-east of Churchill Falls, Labrador. The property is located within 35 km of a seasonal gravel road and is underlain by Proterozoic-age undersaturated peralkaline syenite to nepheline syenite of the Red Wine Complex. Within the Complex are zones containing up to 30% of the heavy rare earth element (''HREE'') enriched mineral eudialyte. HREE is defined as the heavy rare elements europium through lutetium plus yttrium. Samples with up to 0.6% total rare earth oxide ("TREE''), 1.1% TREE + Y and greater than 3% zirconium were obtained in preliminary sampling last year. Of the TREO up to 29% are the critical, and highly valuable, HREE, and up to 50% of HREE +Y.

Upon receipt of the necessary permits and approvals, Alterra will begin its preliminary exploration activities on the Red Wine Property in July. The exploration program will include an airborne magnetic and radiometric survey, geological mapping, prospecting, trenching, and geochemical sampling, in order to define the extent of the known mineralization, identify new areas of mineralization and to define drill targets. Drilling is planned for the fall of 2010. Metallurgical tests will be carried out as soon as large representative samples of the eudialyte-bearing REE mineralization have been collected.

The Red Wine Complex has been optioned to Great Western Mineral Group (GWG). GWG is committed to spend $750,000 in the first year. The exploration program is currently underway (July 2010).

Red Wine Geology
Option Agreement with Great Western Minerals Group
Photo Gallery (coming soon)