SourcingLink.net Inc. Conducts Reconnaissance Exploration Program at Eldor Property in Northern Quebec
SAN DIEGO, CA–(Marketwired – Nov 5, 2014)
SourcingLink.net 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:
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.
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.
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