Pele Mountain mit Goldfund - 500 Beiträge pro Seite

[Rosengaertner]

Pele Mountain explodiert gerade in USA...

[Rosengaertner]

Bitte um Meinungen

[TyphoonRally]

Pele Mountain Resources Inc.: Drilling Intersects High Grade Gold within 1,200-Metre Long Structure at Pele Mountain's Highland Project New Structural Interpretation Leads to Exciting Discovery
9/7/2006

Toronto, Ontario CANADA, Sep 07, 2006 (M2 PRESSWIRE via COMTEX News Network) --

Pele Mountain Resources Inc. (GEM - TSX Venture), ("Pele" or the "Company") today announced assay results from the first 18 holes of its ongoing drill program at the Highland Project in northern Ontario. Highland is 100-percent owned by Pele Gold Corporation ("Pele Gold"), a wholly-owned subsidiary of the Company.

Drilling from west of the Farquhar gold zone eastward toward the Bowmore gold zone has identified a gold-bearing shear-hosted vein system within a structure that extends for more than 1,200 metres. Analysis of high-resolution aerial photographs identified structures in the area that had not been previously tested. The structural analysis also suggests the potential to extend the recent discovery in both directions along strike and to discover new gold-bearing shear zones within parallel structures. This structural discovery was made possible by the recent consolidation of five properties that had remained separate since gold was discovered in the area in the 1920s.

Pele President and CEO Al Shefsky stated, "This discovery represents an important breakthrough in our gold exploration at Highland. While we have repeatedly encountered near-surface, high-grade gold occurrences throughout the project area, the structure that includes the Farquhar gold zone and the Bowmore discovery zone is the largest and most continuous yet discovered. This large-scale gold system, with wide zones of strong alteration and shearing, provides that type of environment capable of hosting a significant gold deposit."

Assays have been received for holes drilled west of and within the Farquhar zone at roughly 50-metre spacing, intersecting the shear at vertical depths ranging up to 80 metres, including three holes that contain visible gold. About one-kilometre to the east, another drill hole intersected visible gold in multiple quartz veins at the Bowmore gold zone. Shearing within the structure is more than 40 metres wide with higher gold assays associated with visible gold and sulfides in quartz veins and lenses that pinch and swell. The drill results confirm the presence of high-grade gold in a structural setting very similar to past producing mines in the area, as well as to the Island Gold Mine where production is now resuming.

All of the 18 holes reported today intersected gold mineralization and results are reported in the tables below, along with two historic holes that indicate eastward continuity of the Farquhar zone.

Farquhar Gold Zone

http://www.usetdas.com/maps/pelemountain/FarquharGoldZone.pdf" target="_blank" rel="nofollow ugc noopener">http://www.usetdas.com/maps/pelemountain/FarquharGoldZone.pdf

Farquhar Gold Zone (Historical)

http://www.usetdas.com/maps/pelemountain/FarquharGoldZoneHistorical.pdf" target="_blank" rel="nofollow ugc noopener">http://www.usetdas.com/maps/pelemountain/FarquharGoldZoneHistorical.pdf

* Gold assay data reported by Rio Tinto Canada Exploration from drill core results obtained in 1981.

** Gold assay data reported by McAdam Resources Inc. of drill core results obtained in 1988.

Bowmore Gold Zone

http://www.usetdas.com/maps/pelemountain/BowmoreGoldZone.pdf" target="_blank" rel="nofollow ugc noopener">http://www.usetdas.com/maps/pelemountain/BowmoreGoldZone.pdf

Other Drill Holes (west of Farquhar)

http://www.usetdas.com/maps/pelemountain/Other.pdf" target="_blank" rel="nofollow ugc noopener">http://www.usetdas.com/maps/pelemountain/Other.pdf

The true width of the intersections has not yet been determined.

The ongoing drill program at Highland has objectives of in-fill drilling to delineate resources within gold-bearing zones and extending gold-bearing zones along strike and at depth. A mechanical stripping program along the structure from Bowmore to Farquhar is also planned. Additional drill core from the Farquhar and Bowmore areas, along with other gold and gold-copper occurrences on Pele's western Highland properties, is in the process of being sampled and shipped to the lab for assay analysis.

Pele also announced today the launch of its new corporate website. The Company wishes to invite its current and future shareholders to visit the new site at www.pelemountain.com.

All the current gold data reported was processed and assayed using standard 50 gram pulp fire assaying techniques by Accurassay Laboratories in Thunder Bay, Ontario, an ISO 17025 accredited laboratory. This press release has been reviewed and approved by Dr. Edward Walker, P.Geo., an independent consultant and Qualified Person pursuant to National Instrument 43-101.

About Pele Mountain Resources

Pele Mountain Resources is discovering and developing the mineral wealth of northern Ontario. Pele is focused on the exploration and development of high-grade gold zones at its 100-percent owned Highland project, within the prolific Goudreau-Lochalsh mining camp. Exploration results at Highland indicate outstanding potential for significant near-surface gold resources and existing regional infrastructure provides clear opportunities for revenue generating operations. Pele is a generative exploration company holding a diverse portfolio of gold, diamond, base metal, and uranium projects, providing exposure and leverage to discovery and to the increased global demand for natural resources. Four Pele projects are currently funded through agreements with strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and Maple Minerals (a division of Mega Uranium). Pele stock trades on the TSX Venture Exchange under the symbol "GEM".

For further information please contact Al Shefsky, President, at [phone], or visit the Pele website at www.pelemountain.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

CONTACT: Maximum News Dissemination by Filing Services Canada Inc. Tel: [phone] Fax: [phone] WWW: http://www.usetdas.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].
(C)1994-2006 M2 COMMUNICATIONS LTD

[renah]

Antwort auf Beitrag Nr.: 23.811.452 von Rosengaertner am 07.09.06 18:08:23

wie hoch ist sie gestiegen

[Rosengaertner]

Antwort auf Beitrag Nr.: 23.811.542 von renah am 07.09.06 18:13:12

Bis jetzt 30 % ...

[Rosengaertner]

Antwort auf Beitrag Nr.: 23.811.542 von renah am 07.09.06 18:13:12

gukst du stockhouse.com
pele mountain

[URANI]

RT 0,30 CAD

[Rosengaertner]

Antwort auf Beitrag Nr.: 23.811.697 von URANI am 07.09.06 18:20:59

RT .31 CAD

[renah]

Antwort auf Beitrag Nr.: 23.812.051 von Rosengaertner am 07.09.06 18:40:49

geht da heute noch mehr

[URANI]

RT 0,31 CAD

700150 gehandelte Shares in Kanada.............

[renah]

Antwort auf Beitrag Nr.: 23.813.040 von URANI am 07.09.06 19:41:13

wir hoffen auf die letzten zwei stunden

[URANI]

Antwort auf Beitrag Nr.: 23.813.184 von renah am 07.09.06 19:50:30

Bin gespannt ob wir die 0,30 CAD halten können.........oder davon rauschen.....

[URANI]

RT 0,32 CAD

[renah]

mach weiter so baby

[hagentronje]

Antwort auf Beitrag Nr.: 23.811.322 von Rosengaertner am 07.09.06 18:00:54

Den Feuerwerker sollte man einsperren !!!!!!

[renah]

Antwort auf Beitrag Nr.: 23.813.407 von hagentronje am 07.09.06 20:03:43

wenn

[Rosengaertner]

Antwort auf Beitrag Nr.: 23.813.407 von hagentronje am 07.09.06 20:03:43

Hast wohl keine mehr bekommen ....

[renah]

Antwort auf Beitrag Nr.: 23.814.510 von Rosengaertner am 07.09.06 21:11:58

wo steht sie in can

[URANI]

Antwort auf Beitrag Nr.: 23.814.995 von renah am 07.09.06 21:34:43

SK 0,31 CAD = 0,2191 Euro

1.001.550 gehandelte Aktien

[renah]

HEY WIE SIEHT ES IN CAN IST RUHIG HIER GEWORDEN

[URANI]

Antwort auf Beitrag Nr.: 23.833.265 von renah am 08.09.06 21:12:28

SK 0,28 CAD

[renah]

Antwort auf Beitrag Nr.: 23.857.149 von URANI am 10.09.06 12:59:33

war das alles kommt da nichts mehr

[Lauren]

Am Mittwoch, 13.9., ist eine Vorstellung der Aktie in Frankfurt.

Mal sehn, was die so vor haben - ich mail danach, was zu erfahren war.

[renah]

Antwort auf Beitrag Nr.: 23.881.003 von Lauren am 11.09.06 20:58:39

DANKE FÜR DIE INFO

[renah]

hatt jemand schon was neues gehört

[Lauren]

Pele Mountain Resources - Discovering and Developing
The Mineral Wealth of Northern Ontario

Gold, Nickel, Diamanten, Metalle, Kupfer, Uranium

Shares 59.6 M
Options 4.3 M (0,33 $)
Warrants 6.5 M (0,40 $)
Diluted: 70.4 M

Available Cash $ 1.7 M
Debt nil

Share Price, 7.9.06: $ 0,31 CDA-Dollar
Market Cap (Undiluted) $ 18.5 M
Market Cap (diluted) $ 21.8 M

De Beers ist mit 1 Million Shares am Diamantenprojekt beteiligt - d.h. sie haben einen Fuß in der Tür. Die Bohrungen werden auch über De Beers untersucht.

Gold Corp baut an einem Nachbargebiet ab.

Die besten Fonds haben schon ein Auge auf Pele Mountain.

Al Shefsky, Präsident, ist seit 10 Jahren bei Pele Mountain.
Hat nichts mit dem Fußballer zu tun. Sie würden ihn aber gerne als Werbemann engagieren. :-)
Herr Al Shefsky hat einen guten Eindruck gemacht.
Sobald in der Aktie mehr Handel ist und weitere Projekte abgebaut werden können, kann man einsteigen.
Die Bohrungen im Highland Projekt können nur erfolgen, wenn der Boden gefroren ist. Die Wärmeentwicklung macht auch vor Canada nicht halt. Die Winter sind nur noch 2 Monate: Januar und Februar.

The Festival Projekt: Diamond exploration near Wawa & the Highland Projekt.
101 square-kilometre property, along Trans-Canada Highway.
Goldcorp has earned a 50% interest, with option to reach 60%.
Bulk sampling has confirmed commercial-size and gem quality diamonds in suite of ultramafic rocks across large surface areas.
Outcrop at numerous locations and several drill holes completed indicate potential for significant near-surface tonnage.
The Sudbury Projekt: Nickel-Copper-PGE exploration in the Sudbury Camp.
Pele claims cover 14.000 acres.
Optioned to Wallbridge which can earn up to 72.5% by funding through to feasibility and arranging production financing.
The Ardeen Projekt: Gold & base metal exploration 110 km west of Thunder Bay.
Die alte aufgegebene Goldmine wird wieder geöffnet.
The Alliance Projekt: Diamond exploration in the James Bay Lowlands.
De Beers Victor Diamond Mine scheduled to produce in 2008.
Trigon Exploration has earned a 50% interest, operates the project.
Elliot Lake Uranium: 5.000 acre land position within historic Elliot Lake mining.
Timmins Nickel: adjacent to past-producing Texmont Nickel Mine, near Timmins.

The Pele Management Team:

Al Shefsky - President, CEO & Director
Martin Cooper - CEO & Director
Steven Rukavina - Secretary & Director (Anwalt)
Peter Dimmell - Director ( hat schon viele Bodenschätze gefunden)
Steven Cohen - Director
Richard Cooper - Director
Ed Walker - Technical Consultant

Pele Mountain ist ein Explorer - das Abbauen überlassen sie gegen Beteiligung anderen.

Gute Vorstellung heute in Frankfurt.

[real-time]

Antwort auf Beitrag Nr.: 23.922.368 von Lauren am 13.09.06 23:33:50

OCTOBER 16, 2006 - 10:31 ET

Pele Mountain Purchases Pardee Uranium Property from CanAlaska Uranium Ltd.

TORONTO, ONTARIO--(CCNMatthews - Oct. 16, 2006) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") announced today that it has entered into an agreement with CanAlaska Uranium Ltd. (TSX VENTURE:CVV) ("CanAlaska") to purchase a 100-percent interest in five unpatented mining claims comprising the Pardee Uranium Property (the "Pardee Claim Group").

The Pardee Claim Group includes 60 mining claim units located east of the town of Elliot Lake in northern Ontario covering approximately 2,400 acres and tying on to the southern boundary of Pele's original 95-unit Elliot Lake claim block. With this acquisition, Pele has consolidated a large zone of known uranium mineralization in a geological environment very similar to several past producing uranium mines on adjacent properties including the Algom Nordic, Lacnor, and Stanleigh mines. The combination of the Pardee Claim Group with Pele's original Elliot Lake claim block will henceforth be referred to as Pele's Elliot Lake Project.

Uranium on the Pardee Claim Group is hosted in quartz pebble conglomerate beds that outcrop at the surface and dip to the north onto Pele's original Elliot Lake claim block. Exploration on the Pardee Claim Group began in 1953. Extensive drilling by several companies in the immediate area led to a compilation effort by Rio Algom in the mid-1970s which outlined a "Measured Ore Estimate" of 27,181,000 tons grading 1.03 pounds per ton (lbs/ton) U3O8 (27,996,430 pounds U3O8). While this ore estimate does not conform to NI 43-101 standards, the Rio Algom compilation data is generally considered to be reliable(1) according to local industry standards. The Pardee Claim Group covers approximately 70-percent of the Rio Algom ore estimate.

Pele's original Elliot Lake claim block covers the down dip extension of the mineralized zone delineated by Rio Algom on the Pardee Claim Group. Drilling by Rio Algom near the southern boundary of Pele's original claim block intersected 0.90 lb/ton U3O8 over 9.0 feet in Drill Hole CB34, being the average of the original hole and a wedge cut. Drill Hole CB35, also by Rio Algom, was drilled more than 2.5 kilometres to the northwest (on Pele's original claim block) and intersected 1.14 lb/ton U3O8 over 12.2 feet, being the average of the original hole and a wedge cut. These drill holes confirm the continuation of the Pardee mineralized zone onto Pele's original claim block and indicate the potential for 50 to 60 million tons of uranium bearing conglomerates in addition to the Rio Algom ore estimate.(2) The mineralized zone remains open down dip and along strike.

Pele President and CEO Al Shefsky stated, "The Elliot Lake area has produced more than 270-million pounds of U3O8 from stratigraphically-bound conglomerate deposits that demonstrate remarkable consistency over large areas. Since 2003, the spot uranium price has soared from below US$10 per pound to over US$55 per pound. Our Elliot Lake Project provides our shareholders with exposure and leverage to the growing global demand for uranium."

As consideration for the purchase, Pele has agreed to pay CanAlaska a total of $13,000 in cash, to issue 60,000 common shares in the capital of Pele (the "Pele Shares") at an attributed value of $12,000, and to grant to CanAlaska a 1.75-percent Net Smelter Return Royalty (the "NSR Royalty") on the Pardee Claim Group. Pele retains the right to buy back up to 1-percent of the NSR Royalty for a total of $1-million. Pele has also agreed to use commercially reasonable best efforts to complete and file $25,000 of assessment work on the Property before October 19, 2006. Pele is currently drilling a preliminary core hole within the area of the Rio Algom ore estimate. The Pele Shares to be issued to CanAlaska are subject to TSX Venture approval and to the standard four-month statutory hold period from the date of issuance. The completion of the purchase of the Property remains subject to regulatory acceptance of applicable filings.

This press release has been reviewed and approved by Robert MacGregor, P.Eng., an independent Qualified Person with 14 years experience working in the Elliot Lake area during its time as an active uranium mining camp.

About Pele Mountain Resources

Pele Mountain Resources is discovering and developing the mineral wealth of northern Ontario. Pele is focused on the exploration and development of high-grade gold zones at its 100-percent owned Highland project, within the Goudreau-Lochalsh mining camp. Exploration results at Highland indicate strong potential for near-surface gold resources and existing regional infrastructure, including nearby gold milling facilities, provide opportunities for revenue generating operations. Pele is a generative exploration company holding a diverse portfolio of gold, diamond, uranium and base metal projects, providing exposure to discovery and to the increased global demand for natural resources. Four Pele projects are currently funded through agreements with strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and Maple Minerals (a division of Mega Uranium). Pele stock trades on the TSX Venture Exchange under the symbol "GEM".

(1) The Rio Algom "measured ore estimate" is historical, has not been confirmed by a qualified person, and should not be relied upon.

(2) The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the discovery of a mineral resource.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Common Shares Outstanding: 59,562,145

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION
Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
Website: www.pelemountain.com




INDUSTRY:
Manufacturing & Production - Mining & Metals

[renah]

weis jemand warum sie steigt

[real-time]

Antwort auf Beitrag Nr.: 25.106.746 von renah am 03.11.06 16:43:08

Vielleicht darum?

Pele Mountain's Newly Consolidated Elliot Lake Project Contains Over 20 Million Pounds of Uranium Oxide1
Thursday, November 2 2006
Related project: elliot lake

Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 59,622,145


FOR IMMEDIATE RELEASE

November 2, 2006 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") announced today that it has successfully concluded the acquisition of the Pardee Uranium Property in the Elliot Lake area of northern Ontario, as announced on October 16, by completing and filing all necessary assessment work. With this acquisition, Pele now owns a 100-percent interest in the entire 155 mining claim units that comprise its Elliot Lake uranium project (the "Project").

The Project hosts more than 80-percent of a "Measured Ore Estimate" exceeding 28 million pounds U3O8 compiled by Rio Algom in the mid-1970s. While this estimate does not conform to NI 43-101 standards, Rio Algom mined more than 100 million pounds of uranium from similar deposits in the Elliot Lake camp and its compilation is generally considered reliable according to local industry standards.1

Additional drilling by several companies has confirmed the continuation of the mineralized zone within the Project boundaries, indicating the potential for 50 to 60 million tons of uranium-bearing conglomerates in addition to the Rio Algom ore estimate.2 The uranium-bearing conglomerates outcrop intermittently on the surface for more than four kilometers and continue down dip to the northwest at approximately 15 to 20 degrees for more than four kilometres, remaining open along strike at depth.

Pele President and CEO Al Shefsky stated, "Recent events affecting forecasted uranium supplies have added momentum to the well-established uptrend in uranium prices. Our 100-percent ownership interest in over 20-million pounds of U3O81 within a proven mining camp offers our shareholders compelling exposure and leverage to the rapidly growing global demand for uranium".

The Elliot Lake mining camp has historically produced over 270 million pounds of uranium from stratigraphically-bound conglomerate deposits that demonstrate remarkable consistency over large areas. Pele has consolidated a large zone of known uranium mineralization in a geological environment similar to several past producing mines on adjacent properties including the Algom Nordic, Lacnor, and Stanleigh mines. The project is ideally situated, adjacent to an all-season highway with secondary roads and power lines extending throughout the property.

This press release has been reviewed and approved by Robert MacGregor, P.Eng., an independent Qualified Person with 14 years experience working in the Elliot Lake area during its time as an active uranium mining camp.

About Pele Mountain Resources

Pele Mountain Resources is discovering and developing the mineral wealth of northern Ontario. Pele is focused on the exploration and development of high-grade gold zones at its 100-percent owned Highland project, within the Goudreau-Lochalsh mining camp. Exploration results at Highland indicate strong potential for near-surface gold resources and existing regional infrastructure, including nearby gold milling facilities, provide opportunities for revenue generating operations. Pele is a generative exploration company holding a diverse portfolio of gold, diamond, uranium and base metal projects, providing exposure to discovery and to the increased global demand for natural resources. Four Pele projects are currently funded through agreements with strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and Maple Minerals (a division of Mega Uranium). Pele stock trades on the TSX Venture Exchange under the symbol "GEM".

For further information please contact Al Shefsky, President, at [phone], or visit the Pele website at www.pelemountain.com.

1 The Rio Algom "measured ore estimate" is historical, has not been confirmed by a qualified person, and should not be relied upon.

2 The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the discovery of a mineral resource.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

[real-time]

Antwort auf Beitrag Nr.: 25.118.839 von real-time am 04.11.06 13:34:13

Und noch was vom 06.11.2006 bei

www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&actionFor=620113&searchText=false&showText=all

NOVEMBER 6, 2006 - 08:00 ET

Pele Mountain Announces Financing with Sprott Asset Management

TORONTO, ONTARIO--(CCNMatthews - Nov. 6, 2006) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") is pleased to announce that it has entered into an agreement with Sprott Asset Management ("Sprott") for a non-brokered private placement offering (the "Offering") of 3,600,000 units in the capital stock of Pele (each a "Unit"). Each Unit is comprised of one (1) common share (each a "Share") issued at a purchase price of $0.28 per share for total gross proceeds of $1,008,000 and one half (1/2) non-transferable Series Y purchase warrant (each a "Series Y Warrant") issued for nominal consideration, where each whole Series Y Warrant is exercisable for a period of twelve (12) months after closing to purchase one (1) additional Share at a purchase price of $0.45 per share. The Offering is scheduled to close on November 6, 2006. The securities underlying the Units, including the Shares and Series Y Warrants issued on closing and the Shares issuable upon due exercise of the Series Y Warrants, will all be subject to a 4 month statutory hold commencing from the date of issuance. The Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.

Currently, Pele has 59,622,145 common shares issued and outstanding. Following the closing of the Offering, Pele will have 63,222,145 common shares issued and outstanding.

About Pele Mountain Resources

Pele Mountain Resources is discovering and developing the mineral wealth of northern Ontario. Pele is focused on the exploration and development of high-grade gold zones at its 100-percent owned Highland project, within the Goudreau-Lochalsh mining camp. Exploration results at Highland indicate strong potential for near-surface gold resources and existing regional infrastructure, including nearby gold milling facilities, provide opportunities for revenue generating operations. Pele is a generative exploration company holding a diverse portfolio of gold, diamond, uranium and base metal projects, providing exposure to discovery and to the increased global demand for natural resources. Four Pele projects are currently funded through agreements with strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and Maple Minerals (a division of Mega Uranium). Pele stock trades on the TSX Venture Exchange under the symbol "GEM".

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Common Shares Outstanding: 59,622,145

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION
Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
Website: www.pelemountain.com

[real-time]

Antwort auf Beitrag Nr.: 25.385.113 von real-time am 14.11.06 15:24:03

News von SEDAR!



Pele Mountain Announces Two New Discoveries at Sudbury
Major Breccia Belt and Second Offset Dike Discovered
FOR IMMEDIATE RELEASE
November 23, 2006 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) (“Pele”)
announced today that Wallbridge Mining Company Limited (TSX: WM) has discovered a major breccia
belt hosting anomalous platinum group elements, as well as a second offset dike at Pele’s 100-percent
owned Sudbury Project (the “Project”) in northern Ontario. Wallbridge has also extended the original
“Pele Offset” dike, discovered last year to a total strike length of 3.5 kilometres. Exploration at the Project
is funded and operated by Wallbridge, which can earn up to a 72.5-percent interest in the Project by
funding it through to feasibility, arranging mine construction financing, and issuing 1,050,000 shares of
Wallbridge to Pele.
Pele President and CEO Al Shefsky stated, “Our partners at Wallbridge are doing outstanding work and
we congratulate them on these important new discoveries. Results to date at Pele’s Sudbury
Project demonstrate strong potential for mineralization relating to both offset dike and footwall geology.
These types of environments are renowned for hosting world class Ni-Cu-PGE deposits in the Sudbury
mining camp. Wallbridge’s achievements at our Sudbury Project showcase how Pele’s generative strategy
is adding value for our shareholders through strategic alliances that leverage exploration spending on our
properties.”
Wallbridge has discovered a major, previously undocumented breccia belt, with an orientation roughly
concentric to the contact of the Sudbury Igneous Complex (SIC). Selected samples of the breccia contain
weakly anomalous concentrations of platinum and palladium as well as pathfinder elements, which are
enriched in similar breccias that host Copper-PGE mineralization at Xstrata’s Strathcona Mine and FNX’s
McCreedy West Mine in the Levack Trough about 8 kilometres to the south.
A second offset dike was also discovered in the southeast corner of the property in a road outcrop about
one kilometre west of last year’s offset dike discovery. The new discovery has been confirmed by whole
rock and trace element analysis along with petrographic study of outcrop samples. It has been exposed by
trenching over about 60 metres, ranging between 4 and 6 metres in width, and is open along strike to the
north and south. Prospecting and additional mapping are underway to extend the dike in both directions
and to define exploration targets along it. Sulphide boulders discovered last year are located
approximately 50 metres southeast of the new dike. Geochemical analysis of samples from the boulders
is underway to determine if they have a genetic link to the new dike or other Sudbury-related
mineralization.
Pele’s Sudbury project consists of approximately 350 mining claim units covering 14,000 acres in the
prolific Sudbury Mining Camp, the most productive nickel mining district in the world. The camp’s
Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 63,222,145
dominant feature is the Sudbury Basin, a 60-kilometre long elliptical structure that features copper-nickelplatinum-
palladium deposits along the contact and footwall of the Sudbury Igneous Complex, which
forms the outer rim of the Sudbury Basin, as well as within offset dikes that extend radially outward from
it. Offset dikes have become the target of progressively more intense exploration interest because they
have hosted several successful operations, including the Copper Cliff and Worthington mines.
Field samples were prepared at ALS Chemex Ltd. Laboratories in Sudbury, then shipped to its analytical
facilities in Vancouver. Samples were analyzed for major elements by lithium metaborate fusion with an
ICP-AES finish and rare earth elements by ICP-MS.
The Qualified Person responsible for the technical content of this press release is Bruce Jago, PhD. P.Geo,
Vice-President, Exploration of Wallbridge Mining Company Limited.
About Pele Mountain Resources
Pele Mountain Resources is discovering and developing the mineral wealth of northern Ontario. Pele is
focused on the exploration and development of its 100-percent owned projects at Elliot Lake and
Highland. The Elliot Lake uranium project contains a substantial “Measured Ore Estimate” compiled by
Rio Algom within an historically prolific mining camp. Exploration at Highland indicates outstanding
potential for gold resources and existing regional infrastructure provides opportunities for revenue
producing operations. Pele is also a generative exploration company holding a diverse portfolio of gold,
diamond, and base metal projects, providing exposure and leverage to discovery and to the increased
global demand for natural resources. Four Pele projects are currently funded through agreements with
strategic partners, including Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources and
Maple Minerals (a division of Mega Uranium). Pele stock trades on the TSX Venture Exchange under
the symbol "GEM".
For further information please contact Al Shefsky, President, at [phone], or visit the Pele website
at www.pelemountain.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's
future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

[real-time]

TORONTO, ONTARIO -- (MARKET WIRE) -- November 28, 2006 -- Pele
Mountain Resources Inc. (TSX VENTURE: GEM)("Pele" or the "Company")
announced today that it has retained the services of Scott Wilson
Roscoe Postle Associates Inc. ("Scott Wilson RPA") to complete a NI
43-101 compliant Technical Report (the "Technical Report") on its
Elliot Lake uranium project (the "Project") in northern Ontario.

The Technical Report will include a review of a compilation prepared
by Rio Algom in the mid-1970s which showed more than 80-percent of a
28-million pound U3O8 "Measured Ore Estimate" on the Pele property.
While this historic ore estimate does not conform to NI 43-101
standards, Rio Algom mined more than 100 million pounds of uranium
oxide from similar deposits in the Elliot Lake camp and its
compilation is generally considered reliable according to local
industry standards(1). The Technical Report will also review other
drilling within the Project boundaries that shows the potential for
50 to 60 million tons of uranium-mineralized conglomerates in
addition to the Rio Algom ore estimate(2).

Pele President and CEO Al Shefsky stated, "We are initiating a
systematic evaluation of our uranium holdings. We firmly believe that
the fundamental strength of the uranium market is sustainable for the
foreseeable future and that our extensive uranium-mineralized
conglomerates within the prolific Elliot Lake mining camp have us
exceptionally positioned to deliver value to our shareholders."

Scott Wilson RPA is an independent firm of respected Geological and
Mining Consultants with considerable uranium-related expertise,
including wide-ranging experience within the Elliot Lake camp. The
Technical Report will include a review of historical resource data
and prior exploration work on the Project including trenching,
underground exploration, bulk sampling, metallurgical testing, and
more than 15,000 metres of diamond drilling from 78 core holes. Scott
Wilson RPA will also conduct a site visit and independently sample
certain drill cores.

The Elliot Lake mining camp has historically produced over 270
million pounds of uranium oxide from stratigraphically-bound
conglomerate deposits that demonstrate remarkable consistency over
large areas. Pele has consolidated a large zone of known uranium
mineralization in a geological environment similar to several past
producing mines on adjacent properties including the Algom Nordic,
Lacnor, and Stanleigh mines. The project is ideally situated,
adjacent to an all-season highway with secondary roads and power
lines extending throughout the property.

Pele also announced that it has completed its first drill hole on the
property. The mineralized sections of the drill core have been sawed
in half, sampled, and shipped to Saskatchewan Research Council, an
independent, ISO 17025 accredited laboratory. The drill core will be
assayed for uranium along with several other mineral elements of
interest.

This press release has been reviewed and approved by Robert
MacGregor, P.Eng., an independent Qualified Person with 14 years
experience working in the Elliot Lake area during its time as an
active uranium mining camp.

About Pele Mountain Resources

Pele Mountain Resources is discovering and developing the mineral
wealth of northern Ontario. Pele is focused on the exploration and
development of its 100-percent owned projects at Elliot Lake and
Highland. The Elliot Lake uranium project contains a substantial
"Measured Ore Estimate" compiled by Rio Algom within an historically
prolific mining camp. Exploration at Highland indicates outstanding
potential for significant gold resources and existing regional
infrastructure provides opportunities for revenue producing
operations. Pele is also a generative exploration company holding a
diverse portfolio of gold, diamond, and base metal projects,
providing exposure and leverage to discovery and to the increased
global demand for natural resources. Four Pele projects are currently
funded through agreements with strategic partners, including
Goldcorp, Wallbridge Mining, Trigon Exploration, East West Resources
and Maple Minerals (a division of Mega Uranium). Pele stock trades on
the TSX Venture Exchange under the symbol "GEM".

1) The Rio Algom "measured ore estimate" is historical, has not been
confirmed by a qualified person, and should not be relied upon.

2) The potential quantity and grade is conceptual in nature. There
has been insufficient exploration to define a mineral resource. It is
uncertain if further exploration will result in the discovery of a
mineral resource.

Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe Pele´s
future plans, objectives or goals, including words to the effect that
Pele or management expects a stated condition or result to occur.
Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially
from those currently anticipated in such statements.

Common Shares Outstanding: 63,222,145

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.


Contacts:
Pele Mountain Resources Inc.
Al Shefsky
President
[phone]

Pele Mountain Resources Inc.
Maria Bennett
[phone]
Email: [e-mail]
Website: www.pelemountain.com


SOURCE: Pele Mountain Resources Inc.





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