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Is it possible to use sourcing to source a value from one field to a second on the same transaction? I don't see an option in the Source List to support this

why do you need the same value twice on the same record?

basically, the source field is used elsewhere in the system architecture and due to business decision in one branch of the organization, that field is not relevant, yet it's value needs to be used for a new feature

I'll probably just use a workflow for this

Instead of sourcing or workflow  make your field as a Non Stored formula field.  