SNET Lithium/Tantalum Projects located on Lac Fire, Quebec
August 19 2016 - 07:30AM
InvestorsHub NewsWire
San
Diego, CA -- August 19, 2016 -- InvestorsHub NewsWire
-- SourcingLink.net Inc. (OTC
Pink:SNET) is pleased to announce that on our Lac
Fire property we have a significant indication of
Lithium. According to the USGS metal
reports, Lithium ore grades vary from >1% in
pegmatites to between 0.05% and 0.75% in brines.
Lithium is used principally in ceramics and glass;
electrical and electronic equipments such as batteries; lubricating
greases; inorganic salts for pyrotechnics, hygroscopic uses,
dessicants and ropellents/fuels); air treatment and purifications;
optics in mobile phones as resonant crystals; coolants in nuclear
reactors; primary aluminum production; continuous casting; rubber
and thermoplastics; and pharmaceuticals.
SNET is also pleased to announce the significant indications
of Tantalum ore grades range from 200 g/t to 300 g/t on the Lac
Fire property. Tantalum is more cost effective to
extract. Processing is considerably minimal in comparison to most
other metals. Tantalum is used for the production of electronic
components such as capacitors and resistors in mobile phones, PC’s
and automotive electronics; alloys that have high melting points,
are strong and have good ductility; chemical reaction vessels and
pipes such as coils; ultra high frequency electron tubes for radio
transmitters; high refractive index glasses for camera lenses;
vacuum furnace parts; shaped charge and explosively formed
penetrator liners; watches; and orthopedic implant materials.
“Further exploration is on target for this September on the Lac
Fire properties. Lithium and Tantalum is our company’s focus
for this area.” Anne Carioti, CEO
About The Eldor and Lac Fire Projects:
SourcingLink.net, Inc. acquired 8 new lithium-tantalum claims in
James Bay, Quebec, Canada. The block of 8 new claims share a 12 km
boundary which is on three sides with the Rose Lithium Tantalum
Property of Critical Elements Corp. The new Lac Fire property was
staked to strategically cover ground that may be on strike and have
similar geology to the Rose Lithium Tantalum Resource.
The company has signed an agreement to acquire 100% interest in the
Eldor Rare Earth Property Claims (The Eldor Project) located
inNorthern 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 +1-855-726-RARE (7273)
Website: http://www.sourcinglink.org
Email: info@sourcinglink.org
SOURCE SourcingLink.net, Inc.