SourceNet (SNET) Eldor Project ✈ Worth Billions


 

View this email online if it doesn’t display correctly
SourcingLink.net
(SNET)

Eldor Rare Earth Property Estimated to be Worth Billions

SourcingLink.net is a 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.

The Company is currently focused on exploration and development of its Eldor project in Quebec, Canada, which is recognized as one of the most favorable mining jurisdictions in the world.

Rare earth elements are vital materials utilized in many 21st Century Technologies, including in most sustainable energy technologies and a wide spectrum of defense applications.
China currently supplies 95% of the earth’s rare elements
Rare Earth Metals
Rare Earth Elements are a group of seventeen chemically similar metals.

The seven critical rare earth elements, neodymium (most important because neodymium is used in permanent magnets), europium, terbium, scandium, dysprosium, yttrium and the lanthanide elements.

Rare earths are an indispensable input to high-technology applications, including electric and hybrid vehicles, battery technology, wind turbines, cell phones, tablets, high definition televisions as well as other consumer electronics.

The Eldor Rare Earth Project is located in Quebec, Canada directly adjoins the west boundary of Commerce Resources Ashram Project which currently has a Assessment of $2.32 billion
SourcingLink.net Signs Contractual Agreement With Geologist, Wayne Holmstead, to Conduct an Exploration Program on the Eldor Project
 SAN DIEGO, CA–(Marketwired – Aug 27, 2014)

SourcingLink.net Inc. (PINKSHEETS: SNET) has signed a contractual agreement with consulting geologist, Wayne Holmstead, to conduct an exploration program on the Eldor Rare Earth Property Claims (Eldor Project). The geological exploration program includes significant prospecting, sampling and mapping followed by extensive analysis of rock and sediment samples collected during the program.

The initial purpose of the exploration project is threefold:
1) To investigate the high Rare Earth and Rare Earth indicator values in lake sediments on the property which were previously conducted in a 1984 survey by the Quebec Government.

2) To look for similar Rare Earth mineralization found by Commerce Resources whose property is contiguous to the east (adjoining property).

3) To investigate any other mineralization on the property that may be of economic interest.

Mr. Wayne Holmstead, Bachelor of Science, University of Toronto, Earth Science is an accomplished geologist with over 30 years experience, having previously worked with many Canadian (TSX) listed mining exploration companies including Windy Mountain Exploration and Western Troy Capital Resources. Mr. Holmstead has a significant amount of experience working with exploration mining projects in northern Quebec and is expected to begin the exploration program during September 2014.
Anne Carioti, CEO, commented, “We are very excited to have been able to engage a quality, experienced geologist such as Wayne to help us explore an area with significant potential for a new REE discovery.”
The Eldor Project located in Northern Quebec, Canada adjoins the west boundary of Commerce Resources’ Ashram Project. The neighboring property, Ashram project, currently has a Preliminary Economic Assessment (PEA) with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, (a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%).
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 21 mineral claims covering approximately 2438 acres and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world.

SourcingLink.net, Inc.
signed an agreement to acquire 100% interest in the Eldor Project located in Northern Quebec, Canada.

The Eldor Project consists of 21 mineral rights claims covering approximately 2438 acres

Projects

The Eldor Rare Earth Project is located in Quebec, Canada directly adjoins the west boundary of Commerce Resources Ashram Project which currently has a Assessment of 2.32 billion

The rare earth elements at Ashram occur in simple and well-understood mineralogy, being primarily in the mineral monazite and to a lesser extent in bastnaesite and xenotime. These minerals dominate the currently known commercial extraction processes for rare earths. The deposit has combination of Light ,Middle and Heavy Rare Earth Oxide (MHREO).

Sourcinglinknet.com intends to commence an initial work program in order to identity initial exploration drill targets. To date there have been significant indicators
SourcingLink.net
is a publicly traded exploration and development company with a focus on rare metals and elements which are among the primary input materials of technology in the 21st Century.

About the Ashram Rare Earth Element Deposit
The Ashram Rare Earth Element (REE) Deposit is a carbonatite within the Eldor Property, located in north-eastern Quebec.

The Deposit has a measured and indicated resource of 29.3 million tonnes at 1.90% TREO and an inferred resource of 219.8 million tonnes at 1.88% TREO. The deposit boasts a well-balanced distribution with enrichment in the light, middle and heavy rare earth elements including all five of the most critical elements (neodymium, europium, dysprosium, terbium, and yttrium).

The REEs at Ashram occur in simple and well-understood mineralogy, being primarily in the mineral monazite and to a lesser extent in bastnaesite and xenotime. These minerals dominate the currently known commercial extraction processes for rare earths.
A Preliminary Economic Assessment, completed in May of 2012 by SGS-Geostat of Montreal (Blainville) (see news release May 24, 2012), outlines robust economics for the Ashram Deposit. The PEA is based on a 4,000 tonne per day open-pit operation with an initial 25-year mine life (300 years at economic cut-off if open-pit + underground development), a pre-tax and pre-finance Net Present Value (NPV) of 2.32 billion at a 10% discount rate, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%, and a pre-tax/pre-finance payback period of 2.25 years.
The Ashram Rare Earth Element (REE) Deposit is a carbonatite within the Eldor Property, located in north-eastern Quebec.

The Deposit boasts a well-balanced distribution with enrichment rare earth elements including all five of the most critical elements (neodymium, europium, dysprosium, terbium, and
yttrium).

Stock Chart is indicating investors are very Bullish on SNET.

SNET has enjoyed gains of almost 300% in the Month and is holding on to them!  

SNET currently has a 100% “Buy” Recommendation for Medium And Long Term Holders at BarChart.com!
SourcingLink.net
(SNET)

Visit Sourcinglink.net on the web at:
http://www.sourcinglink.org/

To Subscribe to our newsletter:StockPumper.com
Please read our disclaimer at: http://stockpumper.com/review-disclaimer.php

Disclaimer – Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stockbroker before investing. You should not invest or trade in any penny stock unless are you are fully prepared, willing, able and expect to lose a hundred pct of your funds,including any profiled company or other company in any other manner mentioned or alluded to by StockPumper.com as defined in any medium whatsoever. Compensation: One thousand dollars for a one day awareness on SNET from a third party.The service is provided as a guide to some available investments only, which must be tempered by the investment experience and independent decision making process of the subscriber. The accuracy of issuer documents and information that is submitted to and, its affiliated members and its management for inclusion on this site is principally the responsibility of the particular issuer and its management, its affiliated members and its management is neither responsible for, nor undertakes any steps to check, the accuracy of any information provided by featured companies to potential investors. You should confirm to your own satisfaction the veracity of any information prior to entering into any investment.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s