SourcingLink.net, Inc. (SNET) Obtains Analytical Data on Two Historical Lake Bottom Sediment Samples, Now Both Within the Eldor Property, That Gave the Highest Lanthanum Grades in a Large Region of Northern Quebec
SAN DIEGO, CA--(Marketwired - Sep 25, 2013) - SourcingLink.net, Inc. (PINKSHEETS: SNET) Pursuant to its August 15, 2013 acquisition of The Eldor Property in Northern Quebec, Canada, Sourcelink.net has obtained the analytical data of 2 samples of lake bottom sediments taken from an area within its current property as part of a major regional Quebec government-sponsored 1984 survey.
The 2 samples were taken from locations 1700 meters apart, with 1 sample obtained from a location less than 1 kilometer west of Ashram Property and 5 km (3 miles) west of their Ashram Deposit which currently has a Preliminary Economic Assessment (PEA) with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion.
The 2 samples produced outstanding values of the rare earth element (REE) Lanthanum (La) as well as anomalously high Cerium (Ce) and Yttrium (Y) values. The 2 lanthanum values are the highest values returned from 627 lake bottom sediment samples obtained from an area of over 1640 square kilometers (630 square miles) (SNRC map sheets 24C15 and 24C16). The surveyed area includes almost the entire area now held by our immediate neighbor, Commerce Resources Corporation.
The stored samples were re-analyzed in 2009 using the Inductively Coupled Plasma Mass Spectrometry (ICP-MS) technique. The 2 samples were analyzed for a suite of 50 different elements and provided the following Lanthanum, Cerium and Yttrium results: Sample 1984026679: 966.6 ppm Ce, 531.6 ppm Lanthanum and 67.64 ppm Yttrium. Sample 1984026678: 398.1 ppm Cerium, 216.9 ppm Lanthanum and 35.9 ppm Yttrium.
Anne Carioti, CEO, has commented, "In the Quebec government's extensive geological database there is no record that anyone has ever returned to the two sample sites in order to search for the sources of these unusual concentrations of REE elements. What is particularly intriguing is that the two samples were taken from small lakes that are not connected so the hard rock source of these two REE anomalies must almost certainly be nearby. The precise geographic coordinates of the sample sites have also been obtained and so I am looking forward to the day when our geologists will prospect the property."
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 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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