|By Marketwired .||
|August 27, 2014 03:01 AM EDT||
SAN DIEGO, CA -- (Marketwired) -- 08/27/14 -- SourcingLink.net Inc. (PINKSHEETS: SNET) has signed a contractual agreement with consulting geologist, Wayne Holmstead, to conduct an exploration program on the Eldor Rare Earth Property Claims (Eldor Project). The geological exploration program includes significant prospecting, sampling and mapping followed by extensive analysis of rock and sediment samples collected during the program.
The initial purpose of the exploration project is threefold:
1) To investigate the high Rare Earth and Rare Earth indicator values in lake sediments on the property which were previously conducted in a 1984 survey by the Quebec Government.
2) To look for similar Rare Earth mineralization found by Commerce Resources whose property is contiguous to the east (adjoining property).
3) To investigate any other mineralization on the property that may be of economic interest.
Mr. Wayne Holmstead, Bachelor of Science, University of Toronto, Earth Science is an accomplished geologist with over 30 years experience, having previously worked with many Canadian (TSX) listed mining exploration companies including Windy Mountain Exploration and Western Troy Capital Resources. Mr. Holmstead has a significant amount of experience working with exploration mining projects in northern Quebec and is expected to begin the exploration program during September 2014.
Anne Carioti, CEO, commented, "We are very excited to have been able to engage a quality, experienced geologist such as Wayne to help us explore an area with significant potential for a new REE discovery."
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.
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.
Aug. 27, 2016 06:15 PM EDT Reads: 692
Aug. 27, 2016 06:00 PM EDT Reads: 3,075
Aug. 27, 2016 06:00 PM EDT Reads: 703
Aug. 27, 2016 05:15 PM EDT Reads: 1,566
Aug. 27, 2016 05:00 PM EDT Reads: 1,869
Aug. 27, 2016 04:45 PM EDT Reads: 1,616
Aug. 27, 2016 04:00 PM EDT Reads: 553
Aug. 27, 2016 03:15 PM EDT Reads: 744
Aug. 27, 2016 02:45 PM EDT Reads: 3,440
Aug. 27, 2016 12:45 PM EDT Reads: 2,336
Aug. 27, 2016 12:30 PM EDT Reads: 3,611
Aug. 27, 2016 12:00 PM EDT Reads: 631
Aug. 27, 2016 12:00 PM EDT Reads: 645
Aug. 27, 2016 12:00 PM EDT Reads: 511
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 27, 2016 11:00 AM EDT Reads: 2,355