SEARCH’s Strange Lake Property, comprising 30 mining claims located on 750 hectares, is located within the same peralkaline granite that hosts the Strange Lake Deposit, (discovered by the Iron Ore Company of Canada in 1979, (IOC)) and adjacent targets currently being explored with some success by Quest Uranium Corp. A resource estimate (Venkatswaran, 1983) outlined a non NI43-101 compliant resource of 52 million tonnes @ 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% TREO* for the IOC deposit. This historical resource estimate should be regarded only as an indication of the potential of the Deposit and of the general area to contain additional REE mineralization.
Research in the public archives identified two holes drilled by IOC within SEARCH’s Strange Lake Property. These holes SL 15 and SL 16 intersected significant intervals of Zirconium, Yttrium and Niobium oxides as follows:
SL 15: 8.41 m grading 1.65% Zr oxide, 0.27% Y oxide and 0.16% Nb oxide SL 16: 9.52 m grading 2.18% Zr oxide, 0.18% Y oxide and 0.12% Nb oxide
During a property visit to the SEARCH’s Strange Lake Property, which abuts Quest Uranium Corp’s Strange Lake Property, 14 rock samples were collected. Field descriptions indicate the material sampled to include peralkaline granite similar to that hosting REE-Zr-Y-Nb-Be mineralization to the north. The terrain is generally flat and extensively till covered. However, some outcrops were located at the extreme western end as well as one small ridge in the south central portion.
Strange Lake Geological Information
Option Agreement With Great Western Minerals Group
