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.
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 32 mineral claims covering 3719 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.
Forward-looking Statement:
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.