SAN DIEGO, CA--(Marketwired - Dec 4, 2014) - SourcingLink.net Inc. (OTC PINK: SNET) is pleased to provide shareholders with an informational update from a recent geological exploration program conducted in late October of 2014 at the Eldor Project. The surveying geologist recorded a radiometric survey that detected anomalous values of rare earth elements and thorium. FOUR NEW CLAIMS WERE STAKED SOUTHEAST OF THE CURRENT ELDOR CLAIMS and are contiguous to the Commerce Resources claim group. Several locations were discovered with total radiometric count of 150 to 200 cps. A sub-crop mineralized with sulphides was also noted.
Samples were collected and submitted to AGAT Labs in Toronto, Ontario, Canada for analysis. Attached is a chart showing significant values for two of the samples off of the new claims.
As seen in the article below, developments in the international market may provide opportunities in the rare earth sector:
- "The toxic time bomb set by China's rare earths mining boom is set to boost the prospects for some of the $12 billion of projects being developed outside the world's biggest supplier." (Bloomberg, by David Stringer - 2014)
- "The measures will add to pressures loosening China's stranglehold on the production of rare earths, 17 chemically similar elements used in products from Apple iPods to Toyota Motor Corp hybrid-electric cars and Tomahawk cruise missiles made by Raytheon Co. " (Bloomberg, by David Stringer - June 4, 2014)
SourcingLink.net CEO,Anne Carioti, was quoted as saying: "We think that 2015-2016 will be banner years for rare earth metals."
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 approximately 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 Statements
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.
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