Pele Mountain Makes Progress on Preliminary Economic Assessment on Eco Ridge

Pele Mountain Resources Inc. (TSXV:GEM,OTCQX:GOLDF) announced an update to activities at its Eco Ridge rare earth project.

As quoted in the press release:

The updated PEA, being prepared by Roscoe Postle Associates (“RPA“), will include revised mining and processing plans along with updated operating and capital cost estimates in an all-new economic model. The new mining plan will include additional material from mineralized zones discovered in 2011.

Click here for the Pele Mountain Resources Inc. (TSXV:GEM) press release.