Pele Mountain Resources Provides Updates on Eco Ridge Resource Estimate

Pele Mountain Resources Inc. (TSXV:GEM,OTCQX:GOLDF) announced that they have engaged Roscoe Postle Associates Inc.to update to the NI 43-101 mineral resource estimate for its Eco Ridge Mine Rare Earth and Uranium Project.

As quoted in the press release:

The updated resource estimate is expected this quarter and will include recently drilled areas of higher-grade and thicker mineralization to the northwest of the current Resource Wireframe. All 11 holes drilled in this area late last year successfully intersected the Main Conglomerate Bed over a 3-kilometre strike length, with 9 of the 11 holes significantly exceeding the average total REO grades and 9 of the 11 holes significantly exceeding the U₃O₈ grades reported in the current Resource Wireframe.

To view the whole press release, click here.