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Article: Pele Mountain Confirms Significant Concentrations of All Rare Earth Oxides at Eco Ridge Mine Project in Elliot Lake.
- Article from:
- Marketwire Canada
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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TORONTO, ONTARIO, Nov 4, 2009 (Marketwire via COMTEX) -- Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") today announced the confirmation of significant concentrations of all rare earth oxides ("REO") in each of the 30 drill holes analyzed for REO to-date at its Eco Ridge Mine uranium project in Northern Ontario. As announced on October 7, the analysis of certain drill intersections at Eco Ridge has confirmed the presence of extensive REO in conjunction with uranium oxide (U3O8) in the Main Conglomerate Bed ("MCB"). The Eco Ridge Mine project is 100-percent owned by First Canadian Uranium Inc., a wholly owned subsidiary of Pele.
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