Pele Mountain Initiates Planning and Permitting Process

Pele Mountain Resources reports that it has initiated planning and permitting process to resume near surface mining at the ‘A’ Zone of its East Highland gold project, Northern Ontario.

Pele has received preliminary engineering plans and sections for a proposed extension of the open pit at the ‘A’ zone based on the results of a close-spaced drilling program completed earlier this year. A previous bulk sample of 3,800 tonnes averaging 5 grams per tonne (“g/t”) gold, was mined under an agreement with River Gold Mines in 1999. By widening and deepening the existing open pit, and including an estimated 20-percent dilution of the ore, the plan proposes to mine approximately 12,000 tonnes of ore, at an average, diluted, grade of 6.6 g/t gold for a total of approximately 2500 ounces of contained gold. The proposed mining plan also includes the removal of approximately 94,500 tonnes of waste rock.

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