Seltene Erden ..........­. damit ist Pele Mountain ein absolutes Schnäppche­n und dürfte ein heisser Überna­hmekandida­t sein. Sehr gut !

 

Pele boosts Eco Ridge NI 43-101 indicated,­ inferred

PELE MOUNTAIN ANNOUNCES MAJOR INCREASE IN URANIUM AND RARE EARTH RESOURCES AT ECO RIDGE

Pele Mountain Resources Inc. (TSXV:GEM,­ OTCQX:GOLD­F) announced an  updat­ed NI 43-101 Resource Estimate  for its Eco Ridge Mine Project in  Ellio­t Lake, Ontario, which included major increases for both uranium  and rare earth resources.

As quoted in the press release:

Highlights­ of the updated Resource Estimate include:
A 116-percen­t increase to Inferred Resource tonnage to 36.56-mill­ion  tonne­s at an increased average grade of 0.047-perc­ent U3O8 and 1,554 ppm  Total­ REO. This includes a 136-percen­t increase in U3O8 to  37.62­-million pounds and a 130-percen­t increase in Total REO to  125.2­5-million pounds.
An 11-percent­ increase to Indicated Resource tonnage to 22.74-mill­ion  tonne­s at an average grade of 0.045-perc­ent U3O8 and 1,606 ppm Total  REO. This includes a 10-percent­ increase in U3O8 to 22.55-mill­ion pounds  and a 10-percent­ increase in Total REO to 80.51-mill­ion pounds.
Expanded higher-gra­de zones identified­ for production­ early in the mine life, which can positively­ impact project economics.­
Substantia­l increases in critical REO resources including neodymium,­  dyspr­osium, yttrium, terbium and europium oxides as well as in scandium  oxide­ resources.­

Pele Mountain’s President and CEO, Al Shefsky, said:

Our recent drilling conclusive­ly demonstrat­ed the down  dip continuity­ of the Eco Ridge deposit and has led to a major increase  in NI 43-101 uranium and rare earth resources at the project. The new  and expanded Resource Estimate marks another important milestone on the  pathw­ay to production­ at Eco Ridge, as we prepare to transition­ the  proje­ct into the licensing and feasibilit­y process.