Inc. Conducts Reconnaissance Exploration Program at Eldor Property in Northern Quebec Inc. Conducts Reconnaissance Exploration Program at Eldor Property in Northern Quebec

SAN DIEGO, CA–(Marketwired – Nov 5, 2014) Inc. (PINKSHEETS: SNET) has recently completed an initial reconnaissance and exploration program at its Eldor Property in northern Quebec for which SourcingLink owns 100% of the mining claims.

The purpose of the property investigation was as follows:

1) To investigate the high rare earth and rare earth indicator values in lake sediments on the property.

2) To look for similar rare earth mineralization found by Commerce Resources on the contiguous property to the East.

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

4) The target area on the SNET property was a small lake where anomalous high values of rare earths were detected in a government lake sediment survey. 

 The SNET program was conducted in late October by a crew of two, geologist Wayne Holmstead and a helicopter pilot from Heli-Explore of La Sarre, Quebec. The executed plan included walking GPS traverses in the area of interest and using instruments such as a scintillometer, X-Ray Flourescence Analyzer and an electromagnetic detector in order to outline areas of interest. Collected samples were sent to AGAT Labs in Toronto, Ontario, Canada for multi-element ICP analysis. Results are expected within the next 30 days.

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:, 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.

About, Inc.: 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.

For more information:

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Leave a Reply

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

You are commenting using your 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