SAN DIEGO, September 2, 2016 /PRNewswire/ --
SourcingLink.net Inc. (OTC Pink: SNET) Lac Fire property as reported previously has significant findings of Lithium, the surrounding area also shows concentrations of Gallium.
Gallium is principally used in electronic components, which represent about 98% of the Gallium consumption in the United States in 2007. Approximately 66% of semiconductor gallium is used in integrated circuits (mostly gallium arsenide), such as the manufacture of ultra-high speed logic chips in cell phones, and about 20% is used in optoelectronics; multi-junction photovoltaic cells, developed for satellite power applications and batteries; photovoltaic compounds in solar panels; wetting and alloy improvement in glass and porcelain; thermometers; coolants; component in low-melting alloys; biomedical applications; and additives in glide wax for skis, and other low friction surface materials.
"I am thrilled SourcingLink is in such a diverse area with so many different types of mineral deposits. This summer exploration program will define our next steps. Lithium is significant along with Rubidium. We will be looking for Gallium deposits as well as the Lithium and Rubidium in our next exploration." - Anne M 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.
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.
SOURCE SourcingLink.net, Inc.