Pele Mountain Launches 7,000 Metre Drill Program

- May 24th, 2011

Pele Mountain Resources Inc. (CVE:GEM) reports the arrival of two drill rigs and begins a 7,000-metre drill program at its Eco Ridge Mine rare earths and uranium project at Elliot Lake, Ontario.

Pele Mountain Resources Inc. (TSXV:GEM) reports the arrival of two drill rigs and begins a 7,000-metre drill program at its Eco Ridge Mine rare earths and uranium project at Elliot Lake, Ontario. 

The press release is quoted as saying:

As the mineralized reefs of the Elliot Lake mining camp are well known for their consistency and size, the mineral resources at Eco Ridge have excellent potential for upgrade and expansion.  The program will include in-fill drilling within the existing Resource Wireframe with an objective of upgrading up to 5-million tonnes of Inferred Resources into the Indicated category.  Indicated Resources will be required for mine planning purposes in NI 43-101 reports subsequent to the pending updated Preliminary Assessment, which is on schedule for delivery next month. 

Click here to access the entire news release.

Click here to access Pele Mountain’s company profile.

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