Pele Mountain Resources Inc. (TSXV:GEM, OTCQX:GOLDF) announced additional drill results from the recent 13-hole drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario.
As quoted in the press release:
Nine of the eleven holes significantly exceeded the average U3O8 grade, and nine of the eleven holes significantly exceeded the total REO grade, of the resource wireframe.
Pele’s President and CEO, Al Shefsky, said:
These results continue to exceed expectations and have the potential to add substantial resources and years of mine-life to the project. The MCB clearly continues to the northwest and the mineralized intersections appear to be increasing in thickness and grade to the northwest, as depth increases.