Posted On: 01/22/2015 2:06:00 PM
Post# of 7848
SourcingLink.net, Inc. (SNET) has completed a reconnaissance exploration program on the Eldor Rare Earth Property Claims (Eldor Project). The geological exploration program included an initial examination of the property for rare earth mineralization.
The purpose of the exploration project was threefold:
1) To investigate the high Rare Earth and Rare Earth indicator values in lake sediments on the property, which were previously surveyed by the Quebec Government.
2) To look for similar Rare Earth mineralization found by Commerce Resources. Commerce Resources has a property to the east and contiguous with the Eldor property of SNET. The neighboring property, Ashram project, currently has a PEA with a NPV at a 10% discount rate of $2.32 billion.
3) To investigate any other mineralization on the property that may be of economic interest.
Samples were collected and submitted for analysis. The analyses were performed at AGAT Labs, Toronto, Ontario, Canada using 4 Acid Digest - Metals Package, ICP-OES finish (201-070).
Significant values were reported and have been resubmitted for a complete rare earth analysis. Results from this testing will be available in the next coming weeks.
The purpose of the exploration project was threefold:
1) To investigate the high Rare Earth and Rare Earth indicator values in lake sediments on the property, which were previously surveyed by the Quebec Government.
2) To look for similar Rare Earth mineralization found by Commerce Resources. Commerce Resources has a property to the east and contiguous with the Eldor property of SNET. The neighboring property, Ashram project, currently has a PEA with a NPV at a 10% discount rate of $2.32 billion.
3) To investigate any other mineralization on the property that may be of economic interest.
Samples were collected and submitted for analysis. The analyses were performed at AGAT Labs, Toronto, Ontario, Canada using 4 Acid Digest - Metals Package, ICP-OES finish (201-070).
Significant values were reported and have been resubmitted for a complete rare earth analysis. Results from this testing will be available in the next coming weeks.
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