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Article: Pele has hot Elliot Lake uranium property.(Pele Mountain Resources Inc.)
- Article from:
- Northern Ontario Business
- Article date:
- March 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Laurentian Business Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Surging uranium prices are making Elliot Lake's low-grade reserves look very attractive for one Toronto junior miner.
[ILLUSTRATION OMITTED]
Pele Mountain Resources is quickly moving into a mine evaluation stage of its advanced Pardee uranium project in the historic mining camp. Their wholly-owned property has a 33-million pound uranium oxide resource worth more than $2.5 billion Cdn.
The Toronto company, which has staked claims in diamond, gold and nickel projects throughout Northern Ontario, has tapped into the white-hot uranium market with a property that comes with an already measured ore deposit.
The company has assembled a team ...