SourcingLink.net’s Geologist Provides an Information Update on the Lac Fire Lithium Property
June 29 2016 - 09:48AM
InvestorsHub NewsWire
SAN DIEGO, CA- (iHub-June 29, 2016) - SourcingLink.net Inc. (OTC
Pink: SNET) The Lac Fire Lithium property encompasses 6.4km2.
During 2011 the previous claim holders completed a total of 20
diamond drill holes totaling 3,051m which included the following
results.
-1.22% Li2O and 134.8 ppm Ta2O5 over 3.11
meters
-1.19% Li2O and 97.2 ppm Ta2O5 over 2.03
meters
The Lac Fire Property contains the same favorable
geology and similar values in lithium and tantalum as the
neighboring Rose Property owned by Critical Elements Corp.
Grades on the Lac Fire property of 1.06% Li2O on surface and 1.19
to 1.22% Li2O (97.2 to 134.8 ppm Ta2O5) in drill holes are
comparable to average grades on the Rose deposit of 0.98% Li2O and
163 ppm Ta2O5. The Rose lithium deposit has a Net Present
Value of $488 million (before taxes) (Critical Elements Corp,
Preliminary Economic Assessment). The Lac Fire property falls
on the same trend as the Rose lithium deposit as well as several
other promising lithium occurrences.
"Quebec has been rated by the Fraser Institute as one of the
most favorable mining jurisdictions in the world. Exploration
dollars spent in Quebec are eligible for a rebate in excess of 40%
of property expenditures from the Quebec Government. This
allows exploration dollars spent on Quebec properties to be
reinvested back into the project to give investors better value for
their investment dollar. In addition, $1.00US is equivalent
to approximately $1.30CAN providing additional value for American
dollars spent on Canadian exploration." Geologist, Wayne
Holmstead.
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 (one of the most
favorable mining jurisdictions in the world). The Eldor Project
consists of 34 mineral claims covering approximately 3951 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. Their focus in on rare
metals and rare earth elements which are among the primary input
materials for the 21st Century technology.
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.
Contact:
SourcingLink.net
12526 High Bluff Drive, Ste 300
San Diego, CA 92130
Phone 855-726-RARE (7273)
Website: www.sourcinglink.org
Email:info@sourcinglink.org