Thursday, July 23, 2015

SourcingLink.net, Inc. (SNET) Ramping Up Exploration Efforts at Promising Eldor Property

SourcingLink.net is an exploration and development company with a portfolio of claims containing rare metals and rare earth elements. The company’s primary exploration property, the Eldor Project, is located in Quebec, Canada, which is recognized as one of the most favorable mining jurisdictions in the world. In total, the Eldor Project consists of 34 individual mining claims covering an area of nearly 4,000 acres throughout the region.

In recent months, SNET has made considerable progress in the exploration and development of its promising leasehold. In May, the company announced its discovery of rare earth mineralization on the property, confirming the commercial potential of the project moving forward. Earlier this month, SNET outlined a comprehensive four phase exploration plan to further study the area and continue identifying its production potential. The company plans to begin the first phase of its plan, which focuses on prospecting and identifying new targets, in the coming weeks.

“We are thrilled to be sending a team back up to the Eldor property,” Anne Carioti, chief executive officer of SNET, stated in a news release. “Last year showed us SNET is on the right track, even with the limited time in the area due to snow. More sampling and targeting will help the second phase be even more productive.”

With an established presence in the rare earth elements industry, SNET is in a strong position to capitalize on the continued growth of the market in the months to come. In addition to playing a key role in the technology industry, rare earth elements have become an increasingly prominent concern for the U.S. government. According to the Department of Defense’s (DoD) 2015 stockpile report, a number of these important minerals will need to be stockpiled in order to address future defense-related needs.

“This report is just further validation of what we at our company already believe… [I]t is important for us to continue work on our property and prepare for mining materials that are commercially viable, necessary and, as we also read in the DoD report, strategic for our country,” stated Chuck Wagner, president of SNET.

Despite the limited mining season due to winter weather, SNET is making strong progress toward the development of its promising leasehold. For prospective shareholders, the company’s growing presence in the vital rare earth elements industry makes it an intriguing investment opportunity.

For more information, visit www.sourcinglink.org

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