Pele Mountain Announces Total Rare Earth Oxide Resources

Critical Metals

Pele Mountain Resources Inc. (CVE:GEM) announced the completion of a NI 43-101 Resource Estimate which includes both uranium oxide and rare earth oxides at its Eco Ridge Mine Uranium and Rare Earths Project, Ontario.

Pele Mountain Resources Inc. (TSXV:GEM) announced the completion of a NI 43-101 Resource Estimate which includes both uranium oxide and rare earth oxides at its Eco Ridge Mine Uranium and Rare Earths Project, Ontario.

Pele President and CEO Al Shefsky stated, “Our new REO resource is exciting because it provides a potentially significant source of by-product revenue at Eco Ridge and it places Pele on a short list of emerging North American rare earth developers. Our next priority at Eco Ridge is the completion of an updated NI 43-101 Preliminary Assessment (“PA”), which is expected in the second quarter of 2011.

The press release is quoted as saying:

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