Substantial Lithium Find on the Border of SNET Lac Fire Claim
SAN DIEGO, CA–(Marketwired – Oct 11, 2016) – Recent work on claims adjoining the west boundary of the SourcingLink.net, Inc. (OTC PINK: SNET) claims by Critical Elements Corp has identified a 700-meter-long, lithium-bearing pegmatite that has been traced virtually to the SNET claim boundary. See Critical Elements press release dated August 8, 2016, “Discovery of a pegmatite traced over more than 700 metres on surface returns up to 3.04% Li2O and 248 PPM Ta2O5 from six grab samples1 averaging 1.61% Li2O and 142 PPM Ta2O5 at helico-south, rose lithium-tantalum project.”
Plans are to visit the Lac Fire claims and identify locations of past work on the property. Results of this past work have been detailed in past SNET News Releases on August 2, 4, 19, 25 and September 2. Samples will be taken on reported mineralized occurrences and old drill holes will be located. Sampling will be done with the aid of an XRF instrument that will give an instant reading of indicator elements for lithium such as rubidium, tantalum and gallium. An attempt will be made to locate and resample the old drill core which was likely stored on the property.
The Critical Elements press release states, “A quick visit to two showings located south of the Helico showing (Helico Sud) and south of the Lac Eli-Ouest showing (Lac Eli-Sud) identified high-grade zones within the Helico Sud pegmatite. A total of nine chip samples were collected on the showings in areas of outcropping spodumene pegmatites. The results confirm high levels of lithium, up to 3.04% Li2O and 248 ppm Ta2O5, at Helico Sud. The location of the Helico Sud showing is shown on the map below.”
“This recent development in the area once again proves that the Lac Fire property has an excellent chance of hosting significant lithium-tantalum mineralization.” — Wayne Holmstead, geologist
About The Eldor and Lac Fire Projects:
SourcingLink.net, Inc. acquired 8 new lithium-tantalum claims in James Bay, Quebec, Canada. The block of 8 new claims share a 12 km boundary which is on three sides with the Rose Lithium Tantalum Property of Critical Elements Corp. The new Lac Fire property was staked to strategically cover ground that may be on strike and have similar geology to the Rose Lithium Tantalum Resource.
The company has signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (The Eldor Project) located in Northern Quebec, Canada (one of the most favorable mining jurisdictions in the world). The Eldor Project consists of 34 mineral claims covering approximately 3951 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. Their focus in on rare metals and rare earth elements which are among the primary input materials for the 21st Century technology.
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.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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