A major limitation to the use of Wireless Sensor Networks (WSNs) in asset monitoring applications is the security and privacy concerns, particularly the privacy of source location information. In this paper, we develop two phantom routingbased solutions to provide source location privacy for the case of multi-source/asset scenario-the case that has received very little attention in the literature. The idea of phantom routing is to relay the packets to a distant node in a random fashion to obfuscate the traffic flows and confuse the attacker. The first technique PRBRW uses a combination of backward random walk and a greedy forwarding approach to route the packets to the base station (BS). Although the first approach has better performance improvements in terms of capture ratio and safetyperiod it hampers the lifetime of the network and has a poor entropy metric. To better this problem, an improved phantom routing scheme PRLPRW is proposed. The second technique has three phases: pure random walk, L-walk, and greedy walk. This technique performs well in terms of capture-ratio, safety period, and entropy metrics. The improvement in network lifetime is 10-folds and entropy is 477-folds when compared with PRBRW. The performance is evaluated using the developed analytical models and compared with the base-line protection-less scheme SRP. It is observed that PRBRW and PRLPRW respectively have 60-and 73-fold improvement in terms of capture ratio when compared with SPR. Whereas existing PRPRW and FRW techniques respectively have only 54-and 34-fold improvements.