SAN DIEGO, CA–(Marketwired – Nov 24, 2014) – SourcingLink.net Inc. (PINKSHEETS: SNET) has completed a reconnaissance exploration program on the Eldor Rare Earth Property Claims ( Eldor Project ) . The geological exploration program included an initial examination of the property for rare earth mineralization.
The purpose of the exploration project was threefold:
- To investigate the high Rare Earth and Rare Earth indicator values in lake sediments on the property which were previously surveyed by the Quebec Government.
- To look for similar Rare Earth mineralization found by Commerce Resources. Commerce Resources has a property to the east and contiguous with the Eldor property of SNET. The neighboring property, Ashram project, currently has a PEA with a NPV at a 10% discount rate of $2.32 billion.
- To investigate any other mineralization on the property that may be of economic interest.
Samples were collected and submitted for analysis. The analyses were performed at AGAT Labs, Toronto, Ontario, Canada using 4 Acid Digest – Metals Package, ICP-OES finish (201-070).
Significant values were reported and have been resubmitted for a complete rare earth analysis. Results from this testing will be available in the next coming weeks.
About The Eldor Project:
SourcingLink.net, Inc. signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (The Eldor Project) located in Northern Quebec, Canada. The Eldor Project consists of 32 mineral claims covering approximately 3719 acres and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world.
About SourcingLink.net, Inc.:
SourcingLink.net is a U.S. based publicly traded exploration and development company with a focus on rare metals and rare earth elements which are among the primary input materials of technology in the 21st Century.
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as “expect,” “believe” or “plan,” by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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