!! Pele Mountain Resources !! GEM.V ! Gold Corp. J.V. Partner! Kurs Potential 500%++ - 500 Beiträge pro Seite (Seite 2)

[DIScorp]

Production visible, laut news ... na wer sagt's denn

http://www.u3o8.biz/s/UraniumStocks.asp?ListSortOrder=Custom…

Lg

[DIScorp]

NEWS:


November 7, 2007 – Toronto – Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the “Company&rdquo announced today that Fergus Kerr, P.Eng., has been appointed Vice-President of Pele’s Uranium Operations. Mr. Kerr will lead the licensing, permitting, feasibility studies, environmental process, engineering, procurement, and other matters pertaining to the development of Pele’s Elliot Lake Uranium Project in Northern Ontario.
Mr. Kerr has more than 35 years of mining industry experience, including 14 years in Elliot Lake as General Manager, Manager of Mining, and Mine Superintendent for Denison Mines. Following the closure of Denison’s mine at Elliot Lake, Mr. Kerr was a Mine Manager at Inco’s Sudbury operations for seven years. Mr. Kerr has also served as a Sector Director of the Workplace Safety and Insurance Board of Ontario and is currently an Adjunct Professor at Laurentian University, lecturing on occupational health engineering. Mr. Kerr has assisted Pele as a consultant during the past year, overseeing efforts to complete the recently-announced positive Scoping Study.
Pele President and CEO Al Shefsky stated, “Fergus has the skills and experience to lead the advancement of the project through the permitting and feasibility work and into commercial production. We’re very fortunate to have a professional of Fergus’s calibre and look forward to working together with him to make our Elliot Lake Uranium Mine Project a model of excellence in mine development.”
Fergus Kerr added, “Our work to-date suggests that we have a viable uranium deposit at Elliot Lake and I am looking forward to helping lead a new era of opportunity in this important mining camp. We will incorporate current best practices in sustainable development in everything we do at Elliot Lake.
The employment agreement with Mr. Kerr is for a term of 3 years commencing January 1, 2008 and in addition to provisions for base salary and expenses, Mr. Kerr will also receive an option to purchase 300,000 shares of Pele at $0.60, exercisable until March 30, 2011. The options will vest as to one-third (or 100,000) each year beginning on January 1, 2008 and each subsequent annual anniversary.
About Pele Mountain Resources
Pele Mountain Resources is a Canadian energy and mineral exploration and development company focused on advancing its 100-percent owned Elliot Lake Uranium Mine Project. The project has a positive Scoping Study and hosts a NI 43-101 compliant “indicated resource” of 6.39 million pounds of U3O8 (5.68 million tonnes grading 0.051-percent U3O8) and an “inferred resource” of 36.15 million pounds U3O8 (37.26 tonnes grading 0.044-percent U3O8) with the potential for significant upgrade and expansion. Elliot Lake was once known as "the uranium capital of the world" and has produced more than 270 million pounds of U3O8 from vast, stratigraphically-bound deposits.
Pele also holds a diverse portfolio of gold, diamond, and base metal projects located across Northern Ontario. Through project generation, strategic partnerships, and mineral discovery, Pele provides shareholders with exposure and leverage to the growing global demand for natural resources. Pele stock is listed 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-V 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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

[IBIG]

danke für deine mühen..


würde aber anstelle dieser news eine namesänderung in golden/silver mountain bevorzugen...man muss mit der zeit gehen...

man könnte natürlich auch sagen das die zeit auf unserer seite ist...

parole: -durchhalten-

[DIScorp]

Ich hoffe es ist jedem klar, dass die News der letzten Wochen phantastisch waren und wir inzwischen bei 42,5 Mio. Pfund U3O8 stehen und die Produktion in Sichtweite gerutscht ist. Dass wir dabei vom Markt links liegen gelassen werden finde ich ebenso positiv.

1. Man kann billig nachkaufen und nachkaufen und nachkaudfen ...

2. Das beweist, dass hier keine Pusher am Werk sind, weil die würden bei diesen News ein Kursziel von 50€ bis Jahresende verkünden

Mit der nötigen Geduld kann man an der Börse reich werden. Mehr brauche ich nicht mehr zu sagen.

[Tiger_DRC]

Pele Mountain Targets Remobilized Uranium at Elliot Lake


Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 73,644,360
Website: www.pelemountain.com

FOR IMMEDIATE RELEASE

November 28, 2007 – Toronto – Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") today announced exploration progress and plans at its Elliot Lake Uranium Mine Project in Northern Ontario. Pele is advancing its 100-percent owned project to the licensing and feasibility stages, following recommendations provided by Scott Wilson Roscoe Postle Associates (“Scott Wilson RPA”) in its recent positive Scoping Study. Highlights of the Study are included in Pele’s press release dated October 4, 2007. The full Study is available on the Pele website at www.pelemountain.com.

The Scoping Study focused on mine planning for the near surface part of the Main Conglomerate Bed (“MCB”), a uranium deposit averaging about 2.5 metres thick that extends across a strike length of 6,000 metres, and a dip length of at least 3,800 metres, all within the Pele property.

The Basal Conglomerate Bed (“BCB”) is located about 15 metres below the MCB near the unconformity between the Archean basement rocks and the overlying Huronian sediments (the “Unconformity”). Mineralogical and assay analyses indicate that the BCB hosts higher-grade remobilized uranium that has resulted in localized grades significantly greater than the average grade of the MCB, suggesting the potential to increase resources and providing a highly prospective exploration target.

Scott Wilson RPA has recommended continued exploration of the BCB for deposits of higher-grade remobilized uranium with geophysics and drilling. An airborne radiometric survey has been completed and an airborne “VTEM” electromagnetic survey contractor has been engaged to commence surveying in early December over Pele’s property. The resulting geophysical data will be analysed for conductors, representing possible sulphide or graphite zones that may represent reductants capable of concentrating remobilized uranium. These conductive targets will then be drill-tested.

Mr. Gregory Campbell and Mr. Donald Hawke are geologists with extensive knowledge of Elliot Lake geology especially in the area of Pele’s property. They believe that Pele’s discovery of high grade remobilized uranium in a Basal Conglomerate Bed at the unconformity between the Archean basement rocks and the overlying sediments at Elliot Lake is very significant for it shows that uranium was moved by hydrothermal fluids. If these fluids came in contact with a reductant such as graphite or sulphides, which are known to be present in the basement rocks in the immediate area, there is the possibility that a high grade unconformity-hosted uranium deposit could exist on Pele’s property.

As the exploration program targeting higher grade remobilized uranium near the unconformity advances, Pele’s ongoing 26-hole, 5,000-metre in-fill drill program is continuing in order to upgrade inferred resources in the MCB to the indicated classification.

This press release has been reviewed and approved by Donald Hawke, M.Sc., P.Geo., an independent Qualified Person under NI 43-101.

About Pele Mountain Resources


Pele Mountain Resources provides investors with leverage to uranium as it advances its 100-percent owned Elliot Lake Uranium Project toward objectives of development and production. The project hosts more than 42-million pounds of NI 43-101 compliant U3O8 resources (6.4 million pounds “indicated” at a grade of 0.051-percent and 36.1 million pounds “inferred” at a grade of 0.044-percent) and has received a positive Scoping Study, providing the basis for economically-viable, environmentally-compliant uranium mining and processing operations.1 The Elliot Lake mining camp has produced more than 300 million pounds of U3O8 and was formerly known as the “Uranium Capital of the World”. Pele also holds a diverse portfolio of gold, diamond, and base metal projects in Northern Ontario. Pele stock is listed 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 Scoping Study is preliminary in nature and includes both indicated and inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized.<!--[endif]-->

The TSX-V 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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study

[KNORPEL]

===>>>http://23032.vws.magma.ca/PeleMountain3.asp

KNRPEL

[Popeye82]

[DIScorp]

Gott sei Dank lassen die wieder mla etwas von sich hören :

FOR IMMEDIATE RELEASE
January 17, 2008 – Toronto – Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") today announced that an airborne VTEM survey has been completed as part of Pele’s expanding exploration program to target higher grade remobilized uranium at its Elliot Lake uranium mine project in Northern Ontario.
The Basal Conglomerate Bed (“BCB&rdquo is located about 15 metres below the Main Conglomerate Bed (“MCB&rdquo near the unconformity between the Archean basement rocks and the overlying Huronian sediments (the “Unconformity&rdquo. Earlier mineralogical and assay analyses indicate that the BCB hosts higher-grade remobilized uranium that has resulted in localized grades up to 10 times higher than the average grade of the MCB, suggesting the potential to increase resources and providing a highly prospective exploration target.
Scott Wilson Roscoe Postle Associates in its recent positive Scoping Study for the project has recommended continued exploration of the BCB for deposits of higher-grade remobilized uranium with geophysics and drilling. The airborne “VTEM” electromagnetic data will be analysed for conductors, representing possible sulphide or graphite zones that may represent reductants capable of concentrating remobilized uranium. These conductive targets will then be drill-tested.
As the exploration program targeting higher grade remobilized uranium near the Unconformity advances, Pele’s ongoing 26-hole, 5,000-metre in-fill drill program is continuing on schedule in order to upgrade inferred resources in the MCB to the indicated classification for feasibility study purposes. Results from this ongoing drill program are expected shortly.
This press release has been reviewed and approved by Robert Macgregor, P.Geo., an independent Qualified Person under NI 43-101.
About Pele Mountain Resources
Pele Mountain Resources provides investors with leverage to uranium as it advances its 100-percent owned Elliot Lake Uranium Project toward objectives of development and production. The project hosts more than 42-million pounds of NI 43-101 compliant U3O8 resources (6.4 million pounds “indicated” at a grade of 0.051-percent and 36.1 million pounds “inferred” at a grade of 0.044-percent) and has received a positive Scoping Study, providing the basis for economically-viable, environmentally-compliant uranium mining and processing operations.1 The Elliot Lake mining camp has produced more than 300 million pounds of U3O8 and was formerly known as the “Uranium Capital of the World”. Pele also holds a diverse portfolio of gold, diamond, and base metal projects in Northern Ontario. Pele stock is listed 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 Scoping Study is preliminary in nature and includes both indicated and inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the Scoping Study will be realized.
The TSX-V 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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

[DIScorp]

Handel wurde soeben ausgesetzt.
Weiß jemand weshalb?

[KNORPEL]

Antwort auf Beitrag Nr.: 33.169.994 von DIScorp am 25.01.08 15:56:59

New Drill Results Expand Higher-Grade Zone at Pele Mountain's Elliot Lake Uranium Mine Project
Friday January 25, 11:17 am ET

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2008) - Pele Mountain Resources Inc. (TSX VENTURE:GEM - News; "Pele" or the "Company") today announced new drill results from its Elliot Lake Uranium Mine Project in Northern Ontario. Pele is advancing the project to the licensing and feasibility stages, following recommendations provided by Scott Wilson Roscoe Postle Associates ("Scott Wilson RPA") in its recent positive Scoping Study. The ongoing 26-hole, 5,000-metre in-fill drill program is designed to upgrade inferred resources to the indicated classification for feasibility study purposes.
ADVERTISEMENT

The Scoping Study focused on U3O8 mineralization in the Main Conglomerate Bed ("MCB") within the Adit Block. The Adit Block is a near-surface area of relatively higher-grade mineralization that presents a favourable location for initial mining. The MCB averages about 2.5 metres in thickness and extends across a strike length of 6,000 metres and a dip length of at least 3,800 metres, all within the Pele property.

As announced in Pele's press release dated September 19, 2007, the highest U3O8 grades in the MCB, within the Adit Block, occur on the western flanks of a topographic high in the basement rocks and historic drill results on the north and east flanks of this same feature indicated the potential for similar grades. The most recent drill results show an arcuate shaped extension of the near surface higher-grade mineralization within the Adit Block for approximately one kilometre around the topographic basement high. Management is encouraged by these new results and upon completion of the current phase of drilling, plans to update the NI 43-101 resource estimate and projected economic models for the project.

Additional assay results will be reported as they become available, as will analyses of a recently completed VTEM electromagnetic survey which was flown to help target conductive zones capable of concentrating significantly higher-grade remobilized uranium near the unconformity between the basement rocks and the overlying sediments.

Drill Results - Main Conglomerate Bed, North & East Flanks of Topographic High ------------------------------------------------------------------------------




--------------------------------------------------------------------------
Hole ID From (m) Length (m) Est. True Width (m) U3O8 %
--------------------------------------------------------------------------

--------------------------------------------------------------------------
PM-07-58(a) 276.68 2.08 1.98 0.039
--------------------------------------------------------------------------
PM-07-59(a) 185.96 2.31 2.20 0.034
--------------------------------------------------------------------------
PM-07-60 110.18 2.58 2.46 0.043
--------------------------------------------------------------------------
PM-07-61 101.46 2.54 2.35 0.042
--------------------------------------------------------------------------
PM-07-62 73.88 3.39 2.66 0.080
--------------------------------------------------------------------------
PM-07-63 81.97 3.03 2.85 0.055
--------------------------------------------------------------------------
PM-07-64 109.65 2.09 1.88 0.067
--------------------------------------------------------------------------
PM-07-65 Drilled south of MCB contact
--------------------------------------------------------------------------
PM-07-66 41.96 3.06 2.92 0.077
--------------------------------------------------------------------------
PM-07-67 168.35 2.89 2.75 0.046
--------------------------------------------------------------------------
PM-07-68 216.07 3.06 2.92 0.060
--------------------------------------------------------------------------
PM-07-69(b) 144.86 3.37 2.31 0.039
--------------------------------------------------------------------------
PM-07-70 205.00 2.50 2.38 0.069
--------------------------------------------------------------------------
PM-07-72 213.38 2.53 2.50 0.065
--------------------------------------------------------------------------
(a) Intersected outside higher grade zone
(b) Intersected outside Main Conglomerate Bed

This press release has been reviewed and approved by Robert MacGregor P.Geo., an independent Qualified Person under NI 43-101.

About Pele Mountain Resources

Pele Mountain Resources provides investors with leverage to uranium as it advances its 100-percent owned Elliot Lake Uranium Project toward objectives of development and production. The project hosts more than 42-million pounds of NI 43-101 compliant U3O8 resources (6.4 million pounds "indicated" at a grade of 0.051 -percent and 36.1 million pounds "inferred" at a grade of 0.044 -percent) and has received a positive Scoping Study, providing the basis for economically-viable, environmentally-compliant uranium mining and processing operations.(1) The Elliot Lake mining camp has produced more than 300 million pounds of U3O8 and was formerly known as the "Uranium Capital of the World". Pele also holds a diverse portfolio of gold, diamond, and base metal projects in Northern Ontario. Pele stock is listed on the TSX Venture Exchange under the symbol "GEM".

(1) The Scoping Study is preliminary in nature and includes both indicated and inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized.

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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Common Shares Outstanding: 77,985,660.

[seekfinder]

Antwort auf Beitrag Nr.: 33.173.285 von KNORPEL am 25.01.08 19:56:52

ich wollte mich kurz vorstellen, da ich neu bei w:o bin.

bin seit ca. 2 Jahren an der börse, hauptsächlich in rohstoff werten investiert... bis lang allerdings gas/öl...

um etwas zu diversifizieren habe ich angefangen mich mit anderen rohstoffen zu beschäftigen und bin auf pele mountains gestossen.

vor einem investment stellt man sich natürlich immer die frage stellen, warum läuft der kurs nicht, auch wenn alle daten/meldungen positiv sind...

Gibt es einen faktischen Grund für diese scheinbare Unterbewertung?

ich konnte keine Insider-Verkäufe entdecken und alle Zeichen stehen doch Richtung Produktion? Welche Hürden stehen noch aus? feasibility ist doch wohl schon durchgeführt. Gibt es schon ein environmental assessment?

[IBIG]

Ich könnte mal wieder einen SilberEagle -In-Put- gebrauchen.....

Hier wurde mal so der Sommer ins Auge gefasst was kurssteigerungen anbelangt...aber wenn der Uranpreis nicht mitspielt( auch wenn diese Perle ja nicht zu 100% Uranabhängig ist)

Ich bin ebenfalls ratlos, denn von den Zahlen her sollten wir mind. bei dem doppeltem Kurswert stehen..wahrscheinlich noch immer zu niedrig....

vieleicht kann ja mal einer einen Überblick geben - durchblicken kann ich das nämlich nicht mehr...ist auch nicht unbedingt mein Fachgebiet...

auf grüne zeiten:

look:

[DIScorp]

Ich glaube, dass hier in Deutschland nicht mehr all zu viele investiert sind. Die meisten dürften sich wegen der Turbulenzen am Markt zu solideren Werten verdrückt haben.

Ich verstehe, ebenso wie du, die Sache auch nicht. Eigentlich könnte der Wert locker bei 1€ stehen - wenn man die Markt.-Kap so ansieht. Da haben schrott Firmen anderswo eine bessere...

Ich galube allerdings an Pele und wenn wir Geduld haben, wird sich das sicher nochmal lohnen.

[SOM.you.]

RE: Pele Montain

ich finde die Aktie sehr günstig bewertet, mit einem guten Hebel auf den Uranpreis.
Negativ sind sicherlich die hohen Cashcosts für die Produktion.

SOM

[SOM.you.]

RE: Pele Mountain

Ich halte die Aktie für Massiv unterbewertet und habe weiter, trotz des neagtiven Sentiments nachgekauft.

Pele Mountain readies itself for Elliot Lake drilling


Pele Mountain Resources Inc (C:GEM)
Shares Issued 78,065,660
Last Close 2/12/2008 $0.35
Wednesday February 13 2008 - News Release

Mr Al Shefsky reports

PELE MOUNTAIN IDENTIFIES HIGH PRIORITY GEOPHYSICAL TARGETS AT ITS ELLIOTT LAKE URANIUM MINE PROJECT

Pele Mountain Resources Inc. has received preliminary results from an airborne electromagnetic and magnetic survey at its Elliot Lake uranium mine project in Northern Ontario. Pele is advancing its 100-per-cent-owned project to the licensing and feasibility stages, following recommendations provided by Scott Wilson Roscoe Postle Associates in its recent positive scoping study.

Concurrent with development efforts on the extensive uranium resources delineated in the Main conglomerate bed at Elliot Lake, Pele is exploring for remobilized uranium at or near the unconformity between Archean basement rocks and the overlying Huronian sediments. Mineralogical and assay analyses of Pele drill core sampled near the unconformity indicate that remobilization of uranium has resulted in localized grades significantly greater than the average grade of the MCB, suggesting the potential to increase resources and providing an exciting "blue sky" exploration target.

The recent geophysical surveys were flown to identify conductive zones and other structures that could act as hosts for remobilized uranium mineralization. Preliminary results have identified several high-priority conductors in areas overlain by sedimentary cover. Some of these conductors may be due to graphitic horizons or sulphide facies iron formations that are known to exist in the older, underlying, Archean greenstone basement. Such horizons could possess the chemical and physical attributes to act as reductants capable of precipitating uranium from circulating hydrothermal fluids. The company is now preparing a drill program to test these conductive zones.

A map displaying preliminary results of the airborne electromagnetic and magnetic surveys at Elliot Lake can be viewed at the company's website.

Meanwhile, Pele's 26-hole, 5,000-metre in-fill drill program continues with an objective of upgrading inferred resources to the indicated classification for feasibility study purposes. As announced in Stockwatch on Jan. 25, 2008, Pele's recent drilling has expanded the relatively higher-grade U3O8 mineralization found in the Adit zone, a near-surface area that presents a favourable location for initial mining and which was the focus of the scoping study.
This press release has been reviewed and approved by Donald Hawke, MSc, PGeo, an independent qualified person under NI 43-101.

SOM

[IBIG]

hey som.you.,

dank dir für die infos....

bei mir ist jetzt erstmal abwarten angesagt...
habe momentan einfach zuviel respekt vor den wirren des marktes und traue mich da nicht, noch weiter zu investieren...
habe aber auch schon einiges im sack...zum teil leider viel zu teuer gekauft!
habe zwar mittlerweile verbilligen können, aber es braucht ja nur eine weitere bank mist bauen, die russen den kossovaren eins auf die mütze geben oder sonst was geschehen und die ersten aktien die es nach unten zieht sind dann solche wie z.b. pele(obwohl es da sicher noch einige andere kandidaten gibt)...
wäre ich noch nicht investiert würde ich wahrscheinlich auch anfangen kleine posis aufzubauen...
unsicherheit bringt sicher auch die situation auf dem uranmarkt - die kann man ja nicht grade als transparent und "frei von äusseren einflüssen" bezeichnen...
ich bin hier long und werde es auch weiterhin bleiben...

vieleicht kannst du mich ja weiterhin auf dem laufenden halten...
greez

[studzi]

Mahlzeit zusammen ...habe mir einmal ein Paar Daten zu Pele angeschaut. Auf den ersten Blick scheint das Teil ja massiv unterbewertet bei den inferred ud indicated ressources und der aktuellen MK!!

Werden die 0,04 und 0,03 % Grades jedoch abbauwürdig sein ?

Danke für Infos.

[SOM.you.]

Antwort auf Beitrag Nr.: 33.528.109 von studzi am 02.03.08 15:43:23

RE: Urangrades

tja, es sind 6.4 million pounds “indicated” at a grade of 0.051-percent and 36.1 million pounds “inferred” at a grade of 0.044-percent)

Die scoping study spricht von cash costs die bei US$ 55 pro pfund liegen.

Bei einem Marktpreis von US$ 75 pro Pfund ist der Deckungsbeitrag mit US$ 20 pro pfund ok, aber kein Knaller. Der Hebel nach oben und nach unten sich sicherlich hoch, aber dafür kauft man ein lb Uran auf für nur US$ 0,75 Marktkapitalsierung ein.
Bis die 43 Mio lb Uran dann von inferred in indicated gewandelt sind wird sicherlich noch die ein oder andere Verwässerung per Kapitalerhöhung kommen.

Sicherlich kein Blue chip, aber eine günstige Calloption auf Uran und eine Produktion.

SOM

[studzi]

Antwort auf Beitrag Nr.: 33.529.552 von SOM.you. am 02.03.08 21:04:26

Thank you!..muss mir das nochmal durch den Kopf gehen lassen ..ob ich ein bisschen was dazu gebe!

[KNORPEL]

Pele Mountain Reports Additional Positive Drill Results From Its Elliot Lake Uranium Mine Project

Thursday March 6, 2:36 pm ET

TORONTO, ONTARIO--(Marketwire - March 6, 2008) - Pele Mountain Resources Inc. (TSX VENTURE:GEM - News; "Pele" or the "Company") announced new drill results from its Elliot Lake Uranium Mine Project (the "Project") in Northern Ontario. Pele recently completed a 26-hole, 5,000-metre in-fill drill program which was designed to upgrade NI 43-101 inferred resources to the indicated classification for feasibility study purposes. Drilling is continuing in preparation for an update to the NI 43-101 resource estimate which is expected during the spring of 2008.
Similar to the previous results reported by Pele on January 24, 2007, the latest drill results continue to delineate near-surface relatively higher-grade mineralization within the Adit Block and an arcuate shaped extension to the east and south east for approximately one kilometre around a topographic basement high.

Drill Results - Main Conglomerate Bed, North & East Flanks of Topographic High




---------------------------------------------------
From Length Est. True U3O8
Hole ID (m) (m) Width (m) %
---------------------------------------------------
PM-07-71 273.15 2.92 2.78 0.051
---------------------------------------------------
PM-07-72(i) 213.38 2.53 2.50 0.065
---------------------------------------------------
PM-07-73 266.33 2.55 2.53 0.042
---------------------------------------------------
PM-07-74 211.80 2.78 2.65 0.046
---------------------------------------------------
PM-08-75 237.30 2.57 2.45 0.076
---------------------------------------------------
PM-08-76 284.56 2.79 2.66 0.069
---------------------------------------------------
PM-08-77 218.47 2.66 2.54 0.037
---------------------------------------------------
PM-08-78 107.84 2.72 2.59 0.074
---------------------------------------------------
PM-08-79 111.13 2.69 2.56 0.058
---------------------------------------------------
PM-08-80 28.07 3.43 2.43 0.049
---------------------------------------------------
PM-08-81 36.75 2.87 2.74 0.054
---------------------------------------------------
PM-08-82 225.00 2.40 2.29 0.036
---------------------------------------------------

(i) Previously reported

Additional in-fill and step-out drilling continues in and around the Adit Block with objectives of upgrading the mineral resource at Elliot Lake. A second drill rig has also been mobilized to the Project to begin testing geophysical targets identified in a recently flown "VTEM" airborne electromagnetic survey for higher-grade remobilized uranium.

Pele is advancing its 100-percent owned Elliot Lake Project to the licensing and feasibility stages, following recommendations provided by Scott Wilson Roscoe Postle Associates in its recent positive Scoping Study. The Scoping Study focused on U3O8 mineralization in a portion of the Main Conglomerate Bed ("MCB") which averages about 2.5 metres in thickness and extends across a strike length of 6,000 metres and a dip length of at least 3,800 metres, all within the Pele property.

This press release has been reviewed and approved by Robert MacGregor, P.Geo., an independent Qualified Person under NI 43-101.

About Pele Mountain Resources

Pele Mountain Resources provides investors with superior leverage to uranium as it advances its 100-percent owned Elliot Lake Uranium Project toward objectives of development and production. The project hosts substantial NI 43-101 compliant U3O8 resources (6.4 million pounds "indicated" at a grade of 0.051 -percent and 36.1 million pounds "inferred" at a grade of 0.044-percent) and has received a positive Scoping Study, providing the basis for economically-viable, environmentally-compliant uranium mining and processing operations.(1) The Elliot Lake mining camp has produced more than 300 million pounds of U3O8 and was formerly known as the "Uranium Capital of the World". Pele also holds a diverse portfolio of gold, diamond, and base metal projects in Northern Ontario. Pele stock is listed on the TSX Venture Exchange under the symbol "GEM".

(1) The Scoping Study is preliminary in nature and includes both indicated and inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized.

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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

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

KNRPEL

[KNORPEL]

Press Releases from 2008

Pele Mountain Enters Into Option Agreement to Sell Its Timmins Nickel Project
Monday, May 12 2008

Pele Mountain to Launch Pre-Feasibility Study for Elliot Lake Uranium Mine Project
Thursday, May 1 2008


Pele Mountain Shareholders Approve All Matters Presented At The Annual And Special Meeting Of Shareholders
Thursday, March 20 2008

===>>>http://pelemountain.com/press-releases/index.php?year=2008

KNRPEL

[JVogel [wO]]

Hallo User,

aufgrund aktueller Nachfrage haben wir diese Diskussion wieder eröffnet.

Mit freundlichen Grüßen,
Euer w : o - Team

[FaxenClown]

Dankeschön @ Mods!

Hier mal die aktuellste NEWS zu Pele Mountain:

04.01.2011 14:52
Pele Mountain Resources: First-Ever Rare Earth Oxide Resource Estimate for Eco Ridge to Be Released Shortly

TORONTO, Jan. 4 /PRNewswire/ -- Pele Mountain Resources (TSX-V:GEM) is a Canadian mineral exploration and development company focused on the sustainable development of its 100% owned flagship Eco Ridge Mine Uranium and Rare Earth Elements ("REE") Project in Elliot Lake, Ontario. The vast uranium and REE mineralization at Eco Ridge provides Pele investors with outstanding leverage to these critical metals. Very shortly, Pele expects to release an updated NI 43-101 resource estimate that will include both uranium and Rare Earth Oxides ("REO") for the first time.

As the uranium market continues firming and extreme tightness in the REE market persists, market prices for uranium and REE remain exceptionally strong. Particularly, the uncertainty regarding long-term REE supplies has led to a rush to develop REE resources outside of China. At MoneyinMetals.com, we believe that Eco Ridge possesses strategic advantages that may place it ahead of its competitors in the race to bring these resources to production.

-- Eco Ridge lies within a proven mining camp with well-understood geology, in-place infrastructure, and which has produced more than 300 million pounds of uranium. Elliot Lake is the only Canadian mining camp to reach commercial REO production and was once the primary source of heavy REO in North America. -- The goal is for Eco Ridge to be a uranium mine that would produce REO as by-products. Therefore, it isn't wholly dependent on the increasingly volatile REE market. Furthermore, Pele has reported good recoveries of Yttrium&heavy REO that would be available in the uranium leach solutions without additional mining or processing costs! -- Eco Ridge can offer a secure and reliable REO source with minimal geopolitical risk and with strong local support for project development.

Pele Mountain has invested considerable effort optimizing the mining, processing, and waste management plans at Eco Ridge. Although, the market environment may remain speculative with respect to uranium and REE pricing, Pele Mountain is positioned to be a leader among the emerging developers of these strategic metals.

Forward-Looking Statements: Some of the statements contained in the above article are forward looking statements and not statements of facts. Such statements are based on publically available information contained in Pele Mountain Resources' press releases or assumptions made from other publicly available documents. Forward looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Readers must rely on their own evaluation of these uncertainties.

Pele Mountain Resources

CONTACT:

For further information about Pele Mountain
Resources, visit the Pele website at href="http://www.pelemountain.com/">http://www.pelemountain.com… or contact them
directly at 800 315 7353, by email at href="mailto:[e-mail]">[e-mail], and follow on
Twitter at pele_mountain.

© 2011 PR Newswire

http://www.finanznachrichten.de/nachrichten-2011-01/18982318…

... da es zu Pele Mountain ja hier auf W2 Jahre nichts neues mehr gab, hier der Link zur Homepage:

http://www.pelemountain.com/

aktuelle Projekte findet man hier:
http://www.pelemountain.com/projectmap.php

Company Präsentation:
http://www.pelemountain.com/pdf/Presentation.pdf

Neben Gold- und Silberprojekten geraten jetzt wieder Uran und neuerdings auch seltene Erden (da Begleitelemente) in den Fokus. Die obige News bezieht sich auf die "ECO Ridge" Mine in welcher Uran und REEs abgebaut werden sollen.

MfG, FaxenClown

[longjog]

Antwort auf Beitrag Nr.: 40.801.089 von JVogel am 05.01.11 09:20:22

Diese Presseinfo hat gestern den Preis um 47% in Can steigen lassen. Es wird sehr bald ein NI43-101 erwartet erstmals mit den Einschätzungen zu den Seltenen Erden der Eco Ridge Mine. Man darf gespannt sein. WENN es hohe REE Resourcen sind, dürfte der kurs explodieren, wenn...

Pele Mountain Resources: First-Ever Rare Earth Oxide Resource Estimate for Eco Ridge to Be Released Shortly

Press Release Source: Pele Mountain Resources On Tuesday January 4, 2011, 8:50 am EST

By Mark Weaver

TORONTO, Jan. 4 /CNW/ - Pele Mountain Resources (TSX-V:GEM) is a Canadian mineral exploration and development company focused on the sustainable development of its 100% owned flagship Eco Ridge Mine Uranium and Rare Earth Elements ("REE") Project in Elliot Lake, Ontario. The vast uranium and REE mineralization at Eco Ridge provides Pele investors with outstanding leverage to these critical metals. Very shortly, Pele expects to release an updated NI 43-101 resource estimate that will include both uranium and Rare Earth Oxides ("REO") for the first time.

As the uranium market continues firming and extreme tightness in the REE market persists, market prices for uranium and REE remain exceptionally strong. Particularly, the uncertainty regarding long-term REE supplies has led to a rush to develop REE resources outside of China. At MoneyinMetals.com, we believe that Eco Ridge possesses strategic advantages that may place it ahead of its competitors in the race to bring these resources to production.

* Eco Ridge lies within a proven mining camp with well-understood geology, in-place infrastructure, and which has produced more than 300 million pounds of uranium. Elliot Lake is the only Canadian mining camp to reach commercial REO production and was once the primary source of heavy REO in North America.
* The goal is for Eco Ridge to be a uranium mine that would produce REO as by-products. Therefore, it isn't wholly dependent on the increasingly volatile REE market. Furthermore, Pele has reported good recoveries of Yttrium & heavy REO that would be available in the uranium leach solutions without additional mining or processing costs!
* Eco Ridge can offer a secure and reliable REO source with minimal geopolitical risk and with strong local support for project development.

Pele Mountain has invested considerable effort optimizing the mining, processing, and waste management plans at Eco Ridge. Although, the market environment may remain speculative with respect to uranium and REE pricing, Pele Mountain is positioned to be a leader among the emerging developers of these strategic metals.

Forward-Looking Statements: Some of the statements contained in the above article are forward‐looking statements and not statements of facts. Such statements are based on publically available information contained in Pele Mountain Resources' press releases or assumptions made from other publicly available documents. Forward‐looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Readers must rely on their own evaluation of these uncertainties.

[FaxenClown]

Antwort auf Beitrag Nr.: 40.801.314 von longjog am 05.01.11 09:48:25

... Erster! ... und 2 min schneller

MfG, FaxenClown

[praesens]

Der Pele Mountain Thread enthistorisiert - na sowas ...!

Gruß,
praesens

[longjog]

Antwort auf Beitrag Nr.: 40.801.381 von FaxenClown am 05.01.11 09:55:15

Du Schneller, Du!

vorbörslich übrigens 0,50 C$, scheint noch höer zu wollen die Pele.
Bin gespannt, wie das weitergeht.

Gruß
Longjog

[longjog]

Antwort auf Beitrag Nr.: 40.803.993 von longjog am 05.01.11 15:04:58

Booah!

Alles, wo Seltene Erden drauf steht, läuft derzeit.

0,55C$ jetzt, hatte eigtl. mit einem Rücksetzer gerechnet nach dem Anstieg gestern.
Oder weiß da schon jemand nähere Resourcen-Zahlen in Can???

[wmaddin]

finde den wert sehr interessant, jedoch 2 gaps in der eröffnung gestern 0,34cad zu 0,325 cad und heute 0,49 zu 0,475,,super volumen und auch gute aussichten..mit dem heutigen kurs ist jedoch schon sehr viel eingepreist..ich denke rücksetzer sind daher sehr wahrscheinlich - AUCH bei guten ni-ergebnissen. wieso sollte nach 14% und 47% und heute nochmals 15% plus die aktie noch weiter steigen? markcap. ist ja jetzt bei 72 mio und das halte ich für sehr ambitioniert..

wenn der kurs zurückkommt, werde ich mir möglicherweise eine posi gönnen, aber aktuell für mich kein kauf..
für die investierten freut es mich..ist ja nicht so lange her, wo man bei 0,15-0,m2 cad dümpelte..die website finde ich sehr gut und
informativ..findet man sehr selten

[longjog]

Antwort auf Beitrag Nr.: 40.805.645 von wmaddin am 05.01.11 18:09:01

close 0,60 C$ und 0,63US$ ohne erkennbare Korrektur, da scheint tatsächlich jemand mehr zu wissen.

Im Can-Board gibts keine neuen Infos, warten auf die Zahlen und dann sell on good news?

Könnte aber auch weiterlaufen - hat ja jetzt den Seltene Erden-Stempel

[wmaddin]

Antwort auf Beitrag Nr.: 40.807.382 von longjog am 05.01.11 22:23:52

keine frage, sehr guter wert. aber auch sehr gut gelaufen bereits. wenn man drin ist, super. wenn nicht, würde ich sicher nicht jetzt einsteigen..schade, daß ich den wert erst vor 3 tagen entdeckt habe und wegen 0,1 cent nicht zum kAUF gekommen bin -
ganz schön bitter..da standén wir noch bei 0,325 cad..ärgerlich, aber vielleicht noch next time..

bin gespannt was da noch so kommt

[longjog]

Antwort auf Beitrag Nr.: 40.809.000 von wmaddin am 06.01.11 10:55:29

gestern immerhin die meistgehalndelte aktie an der tsx:

UP .12 AND A HALF CENTS.

The S&P/TSX Venture Composite Index closed down 12.64 at 2262.48

Most Active Issues by Volume

Volume Name Symbol Close Change:
9,502,214 Pele Mountain Resources Inc. GEM $0.600 $0.125
8,509,054 Western Energy Services Corp WRG $0.350 $0.000
7,856,427 ShaMaran Petroleum Corp SNM $1.280 -$0.100
6,588,814 Woulfe Mining Corp. WOF $0.345 $0.065
5,972,408 Great Western Minerals Group Ltd GWG $0.650 -$0.030
5,846,493 Alange Energy Corp ALE $0.500 -$0.020
4,912,746 Megastar Development Corp. MDV $0.090 -$0.060
4,312,532 Quetzal Energy Ltd QEI $0.145 $0.000
3,706,756 Passport Potash Inc PPI $0.365 $0.085
3,615,541 Duran Ventures Inc. DRV $0.375 $0.105

[longjog]

Antwort auf Beitrag Nr.: 40.809.920 von longjog am 06.01.11 12:32:43

bid/ask vorbörslich 0,63C$
0,03 höher als Schlusskurs gestern...

[FaxenClown]

... dass es News gibt, sollte jetzt auch im tiefsten bengalischen Hinterland angekommen sein.

Morgen ist eine Woche rum ... hoffentlich hat Pele eine andere Definition von "shortly" als CCE

Kurstechnisch schaut es auch gut aus. Das 52w-hoch von 0,65CAD haben wir mit 0,61CAD ja fast wieder im Sack ... und die "kurze Korrektur" auf 0,48CAD hat auch nicht geschadet.

MfG, FaxenClown

[FaxenClown]

Hey ....

Hier mal etwas um die Langeweile bis zur News etwas zu überbrücken:

17.01.2011 15:02
InvestmentPitch: Pele Mountain Resources (GEM - TSX.V): First-Ever Rare Earth Oxide Resource Estimate for Eco Ridge to Be Released Shortly - Video Highlights of MoneyinMetals Report

http://www.youtube.com/watch?v=VLM86sEX-js

... und wem das immer noch zu langweilig ist:



... atm +12,5%

MfG, FaxenClown

[Qbic [KommA]]

Hi,

bin grad über eine Stockhouse News auf diesen Wert aufmerksam geworden..

Pele Mountain Announces Major Increase in Indicated Resources at its Eco Ridge Mine Uranium & Rare Earth Elements Project

Hab mir mal kurzentschlossen ein paar Stücke ins Depot gelegt. Kursverlauf schaut vielversprechend aus.
Was hab ich denn da jetzt gekauft? Ich werd wohl erst mal die schönen Links von FaxenClown nachlesen..

Vielen Dank dafür!

Qbic

[Qbic [KommA]]

Ich sehe gerade, das ist ja hier noch gar nicht gepostet worden, oder doch?


===========================

Press Release - Pele Mountain Resources Inc.
Pele Mountain Announces Major Increase in Indicated Resources at its Eco Ridge Mine Uranium & Rare Earth Elements Project


Indicated U3O8 Resources Up 138-Percent to 15.2-Million Pounds;
Inferred U3O8 Resources at 31.4-Million Pounds



January 24, 2011 8:00:00 AM


Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 130,330,357

FOR IMMEDIATE RELEASE

January 24, 2011 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") today announced a major increase in Indicated uranium oxide resources as part of an updated NI 43-101 Resource Estimate ("Resource Estimate") at its Eco Ridge Mine uranium and rare earth elements ("REE") project near Elliot Lake in Northern Ontario. The Resource Estimate supersedes the previous estimate contained in the 2007 Preliminary Assessment authored by Scott Wilson Roscoe Postle Associates ("Scott Wilson RPA"). Pele is focused on the sustainable development of Eco Ridge, which is owned 100-percent by First Canadian Uranium, a wholly owned subsidiary of Pele.

Pele President and CEO Al Shefsky stated, "We are very excited about the significant upgrade of our resources at Eco Ridge. We have retained Scott Wilson RPA to provide an updated Preliminary Assessment ("PA") which is expected in the second quarter of 2011. The PA will feature a detailed economic model based on combined revenues from uranium oxide ("U3O8") and rare earth oxides ("REO") and will include mining, processing, and waste management design enhancements achieved since the initial 2007 Scoping Study. The PA will also include a schedule of activities to advance the project through the feasibility and licensing stages. We believe Pele's Eco Ridge Mine project contains an important future source of uranium and rare earth elements and we are determined to rapidly advance its development."

The Resource Wireframe ("Resource Wireframe"), which contains both Indicated and Inferred U3O8 resources within the near surface portion of the Main Conglomerate Bed ("MCB"), increased in size from the previous resource estimate. The Indicated U3O8 resource has more than doubled to 15.2-million pounds (14.3-million tonnes at 0.048-percent U3O8) with an additional Inferred U3O8 resource of 31.4-million pounds (33.1-million tonnes at 0.043-percent U3O8).

Scott Wilson RPA is continuing to evaluate 1537 REO assays (each containing up to 17 elements) from 123 holes, the last of which were received earlier this month. Within the Resource Wireframe, every drill hole analysed has contained significant total rare earth oxides ("TREO") and the average grade of all of the samples is 3.7 pounds per tonne. Average grades for each individual REO are available on Pele's website at www.pelemountain.com/pdfs/RPAT2012411.pdf The REO resource estimate will be announced when it is available.

Scott Wilson RPA reports the following mineral resources at Eco Ridge:


Pele's Eco Ridge Mine deposit also extends down plunge and to the east beyond the boundaries of the Resource Wireframe. Based on historical wide-spaced drilling, Scott Wilson RPA estimates that these areas could contain an additional 30 to 50 million tonnes grading from 0.03 to 0.05 percent U3O8 as a potential mineral deposit.1 There is no historical data on rare earths in this area, however, Scott Wilson RPA expects that rare earths grades would be similar to other portions of the deposit - from 3 to 4 pounds per tonne TREO. The deposit also remains open beyond the drilled areas with potential for significant expansion.

Recent extraordinary REE market developments, sparked by China's reduction of export quotas, have resulted in sharply higher prices, inciting a rush to find and bring to production new sources outside of China. Eco Ridge has competitive advantages that may assist its development ahead of other projects. Elliot Lake is the only mining camp in Canada to have achieved commercial production of REO and was the most important source of heavy REO in North America. From 1956 to 1996, Rio Algom and Denison Mines produced more than 300 million pounds of U3O8, along with significant quantities of Yttrium and REO, from Elliot Lake deposits similar to Eco Ridge. As a primary uranium mine that would produce REO as by-products, Eco Ridge is not wholly dependent on the volatile REO market. Furthermore, the REO would go into solution without addition mining or processing costs. With competitive advantages, outstanding regional infrastructure, well-understood geology and strong local support for the project, Eco Ridge provides an ideal location for a safe, secure, and reliable long-term supply of Uranium and REE.

The technical information relating to the Resource Estimate, rare earth samples, and potential mineral deposit in this press release has been reviewed and approved by Tudorel Ciuculescu, P.Geo of Scott Wilson RPA, an independent Qualified Person under NI 43-101. The balance of this press release has been reviewed and approved by Fergus Kerr, P.Eng., Vice President of Uranium Operations for Pele and a qualified person under NI 43-101.

About Pele
Pele Mountain Resources is focused on the sustainable development of its Eco Ridge Mine Uranium and Rare Earth Elements ("REE") project, located in the Elliot Lake mining camp of Ontario. Pele's expert team of technical personnel, advisors, and consultants is working to optimize mining, processing, and waste management techniques at Eco Ridge. With well-understood geology, excellent regional infrastructure, and strong local support, Eco Ridge provides an ideal location for a safe, secure, and reliable long-term supply of Uranium and REE. Pele's shares are listed 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 potential quantity and grade of the potential mineral deposit are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.



Visit Pele Mountain Resources Inc. Website: www.pelemountain.com

[Qbic [KommA]]

Da fehlte noch eine grafik in dem posting...
sorry, scheint etwas unkonzentriert zu sein, der qbic...

[FaxenClown]

Grund für das Niederknüppeln der U+REE Explorer könnte dies hier sein ... gerade in der Tagesschau gesehen, hier als Bericht von der deutschen Welle (Rundfunk)

Russland | 25.01.2011
Duma für Abrüstungsabkommen mit den USA

Der Annäherung zwischen den USA und Russland kommt weiter voran. Nach dem Senat in Washington stimmte auch die Staatsduma in Moskau dem nuklearen Abrüstungsabkommen zu. Die Verpflichtungen sind weitreichend.


In Russland hat am Dienstag (25.01.2011) das Unterhaus das mit den USA geschlossene START-Abkommen über die Reduzierung nuklearer strategischer Offensivwaffen ratifiziert. Die Abgeordneten der Duma sprachen sich in dritter und letzter Lesung mit 350 zu 96 Stimmen für den Vertrag aus. Dafür stimmten die beiden kremltreuen Parteien Geeintes Russland und Gerechtes Russland. Dagegen waren die Liberaldemokraten des Ultranationalisten Wladimir Schirinowski und die Kommunisten. In den USA war die wichtigste Vereinbarung zur nuklearen Abrüstung der beiden größten Atommächte seit 20 Jahren nach einem heftigen Streit zwischen Republikanern und Demokraten vor Weihnachten ratifiziert worden.

Deutlich weniger Atomsprengköpfe

Der Vertrag verpflichtet beide Länder, die Zahl der stationierten Atomsprengköpfe innerhalb der nächsten sieben Jahre von je 2200 auf 1550 zu reduzieren. Die Trägersysteme sollen auf jeweils 700 begrenzt werden. Zudem erlaubt der Vertrag die Wiederaufnahme der gegenseitigen Inspektionen der Atomarsenale, die Ende 2009 unterbrochen worden waren. Am Mittwoch muss noch das russische Oberhaus - der Föderationsrat - zustimmen, einen Tag nach der Rede zur Lage der Nation von US-Präsident Barack Obama. In der Schlussabstimmung des Föderationsrats werden aber keine Probleme erwartet.

In einer Erklärung der Staatsduma hieß es, die Ratifizierung bestätige die Entschlossenheit Russlands, den Verpflichtungen auf dem Weg zu einer Welt ohne Nuklearwaffen nachzukommen. Nach der Ratifizierung durch beide Kammern werde das Abkommen wahrscheinlich Ende Januar oder Anfang Februar von Präsident Dmitri Medwedew unterzeichnet, sagte der Vorsitzende des Auswärtigen Ausschusses der Duma, Konstantin Kosaschew.

"Sie hassen uns"

Zuvor hatten die Abgeordneten eine von der Kommunistischen Partei beantragte Ablehnung zurückgewiesen. Der ultranationalistische Politiker und Vizepräsident der Duma, Wladimir Schirinowski, nannte es "gefährlich", mit den USA Verträge abzuschließen. "Sie hassen uns", sagte er. Für Unmut sorgte in Russland vor allem eine Passage, die das Recht der USA betont, ungeachtet des Vertrages einen Raketenschild aufzubauen. Dies wird in Russland als Störung des militärischen Gleichgewichts gesehen.

Die Staatsduma rief die NATO zum Aufbau einer gemeinsamen Raketenabwehr auf. Schon am Montag hatte Kremlchef Dmitri Medwedew erklärt, falls es hier keine Einigung gebe, müsse Russland neue Atomraketen aufstellen.

Zusatzerklärung als mögliche Hintertür

Russland hat dem Dokument - ebenso wie die USA - eine Zusatzerklärung beigefügt. Demnach will Moskau den Vertrag nur einhalten, wenn die Sicherheit des Landes nicht durch neue US-Rüstungsinitiativen bedroht werde. Wegen früherer US-Pläne für eine Raketenabwehr in Mitteleuropa hatte Russland die Ratifizierung des 1993 unterzeichneten START-II-Vertrags platzen lassen.

Die USA sehen das START-Abkommen als Entgegenkommen an Russland, wodurch ein neuer Raum für Gespräche eröffnet werden soll. Das Abkommen erlaubt Russland, seine veralteten Waffen aus dem Verkehr zu ziehen und für die Laufzeit des Vertrages mit den USA gleichauf zu sein. Die beiden Präsidenten Obama und Medwedew hatten das Abkommen im April 2010 unterzeichnet. Medwedew hatte den Vertrag als weiteren Beweis für die Verbesserung der Beziehungen zwischen Moskau und Washington bezeichnet. Die Präsidenten hatten wiederholt von einem "Neustart" im Verhältnis beider Länder gesprochen.

Autor: Herbert Peckmann (afp, dpa dapd)
Redaktion: Thomas Grimmer

http://www.dw-world.de/dw/article/0,,14788178,00.html

MfG, FaxenClown

PS: U+REE-Explorer rutschen in US/CAN deutlich ab:

Pele (GEM), UCore (UCU), Stans (RUU), Matamec (MAT) und Fieldex (FLX) deutlich im Minus

LREE-Explorer zeigen dagegen weniger Bewegung (meistens aber auch nach unten)

PPS: Zu der NEWS von Pele hab ich mal was gerechnet .. melde mich dazu "bei Zeiten"

[FaxenClown]

Pele Mountain Announces Total Rare Earth Oxide Resources of 52-Million Pounds Indicated Plus 96-Million Pounds Inferred

TORONTO, Feb. 23 /CNW/ - Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") today announced the completion of a NI 43-101 Resource Estimate ( the "Resource Estimate") which for the first time includes both uranium oxide and rare earth oxides ("REO") at its Eco Ridge Mine Uranium and Rare Earths Project in Elliot Lake, Ontario. Eco Ridge is owned 100-percent by First Canadian Uranium, a wholly owned subsidiary of Pele. The Resource Estimate was prepared by Roscoe Postle Associates ("RPA").

The Resource Estimate includes 51.9-million pounds of "Indicated" total rare earth oxides ("TREO") plus an additional 96.3-million pounds of "Inferred" TREO. These resources are in addition to 15.2-million pounds of Indicated uranium oxide ("U3O8") plus an additional 31.4-million pounds of Inferred U3O8, which was announced in Pele's press release dated January 24, 2011.

Pele President and CEO Al Shefsky stated, "Our new REO resource is exciting because it provides a potentially significant source of by-product revenue at Eco Ridge and it places Pele on a short list of emerging North American rare earth developers. Our next priority at Eco Ridge is the completion of an updated NI 43-101 Preliminary Assessment ("PA"), which is expected in the second quarter of 2011. The PA will feature a detailed economic model based on combined revenues from U3O8 and REO and will include significant mining, processing, and waste management design enhancements achieved since our initial 2007 Scoping Study. We believe Eco Ridge contains an important future source of U3O8 and REO and we are determined to rapidly advance its development."

Recent extraordinary REO market developments, sparked by China's reduction of export quotas, have resulted in sharply higher prices, inciting a rush to find and bring to production new sources outside of China. Eco Ridge has inherent competitive advantages that may assist its development ahead of other projects, such as:

* It is located within a proven mining camp with historic production exceeding 300 million pounds of U3O8. Elliot Lake is the only mining camp in Canada to achieve commercial production of REO.
* It contains the full range of naturally occurring REO, including the highly valued "heavy" REO. The Elliot Lake camp was one of the most important sources of heavy REO in North America.
* The project has the potential to be a primary uranium mine that would produce REO as by-products, and would not be wholly dependent on the volatile REO market.
* The mining and processing method to recover uranium at Eco Ridge will also recover REO into the leach solutions, at no extra cost.
* It has well-understood geology and lies within a mining-friendly jurisdiction. The project enjoys strong local support and is an ideal location for a safe, secure, reliable long-term supply of uranium and REO.

Roscoe Postle Associates reports the following Resource Estimate at Eco Ridge:

Table 1 Mineral Resources - February 23, 2011
Pele Mountain Resources Inc. - Eco Ridge Mine Project

Classification Tonnes U3O8 U3O8 TREO5 TREO
('000s) (%) ('000 lbs) (%) ('000 lbs)
Indicated 14,312 0.048 15,182 0.164 51,859
Inferred 33,121 0.043 31,444 0.132 96,352

Notes:

1. CIM definitions were followed for Mineral Resources.
2. The Qualified Person for this Mineral Resource estimate is Tudorel Ciuculescu, P.Geo.
3. Mineral Resources are estimated at a cut-off grade of 0.028% U3O8.
4. Mineral Resources are estimated using an average long-term uranium price of US$60 per lb, and a C$:US$ exchange rate of 0.95:1.00.
5. Total Rare Earth Oxides include La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, and Lu2O3. Y2O3 and Sc2O3 are also included in TREO.
6. The resource wireframe at Eco Ridge contains both Indicated and Inferred U3O8 and TREO resources within the near surface portion of the Main Conglomerate Bed.
7. The U3O8 resource estimate is based on a total of 237 drill holes. These comprise 152 recent drill holes drilled by Pele Mountain between 2006 and 2009, and 85 historic drill holes drilled between 1954 and 1974.
8. The REO resource estimate is based on a total of 123 recent drill holes.

Resource estimates for individual REO are available on Pele's website at www.pelemountain.com/pdfs/Table2_RareEarthOxides.pdf

The resource wireframe at Eco Ridge contains 14.3-million tonnes of Indicated resources plus 33.1-million tonnes of Inferred resources. The deposit extends to the north and east, beyond the resource wireframe boundaries. Based on historical wide-spaced drilling and extrapolation of the resource area, RPA estimates that these extensions could contain an additional 30 to 50 million tonnes grading from 0.03 to 0.05-percent U3O8 and 0.12 to 0.18-percent TREO as a "potential mineral deposit". Although there is no historical REO data in this area, RPA expects that REO grades would be similar to other portions of the deposit. The deposit also remains open beyond the drilled areas with potential for significant expansion. The potential quantity and grade of the potential mineral deposit are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.

The technical information relating to the NI 43-101 resource estimate in this press release has been reviewed and approved by Roscoe Postle Associates. The balance of this press release has been reviewed and approved by Fergus Kerr, P.Eng., Vice President of Uranium Operations for Pele and a qualified person under NI 43-101.

http://www.newswire.ca/en/releases/archive/February2011/23/c…

MfG, FaxenClown

[FaxenClown]

Pele Mountain Resources Inc. (CVE:GEM), (PINK:PMNHF) Is a Volume Hero Again
Contributed by: Nikolay Tomov
Date: Feb 28, 2011

http://ca.hotstocked.com/article/4080/pele-mountain-resource…

MfG, FaxenClown

[FaxenClown]

Pele Mountain Provides Gold Projects Update

Symbol: GEM Listing: TSX Venture Exchange Common Shares Outstanding:
132,588,746

TORONTO, March 7 /CNW/ - Pele Mountain Resources Inc. (TSX Venture
symbol: GEM) ("Pele" or the "Company") today provided an update on its Ardeen
and East Highland gold projects. Pele is pursuing strategies to unlock value
at its gold projects as it focuses on the sustainable development of its Eco
Ridge Mine Uranium and Rare Earths project.

Australian-based Coventry Resources Ltd. ("Coventry") has notified the
Company that it has satisfied all conditions necessary to complete its initial
51-percent earn-in at Pele's Ardeen Gold Project, along the Shebandowan
Greenstone Belt in Northern Ontario. Furthermore, Coventry has advised Pele
that it intends to increase its project interest to 75-percent by making
additional required exploration expenditures by January 2013, and then forming
a joint venture with Pele. Coventry will continue as the project operator
during the option period and plans to resume exploration at Ardeen in the
spring.

In late 2009, Coventry completed a 53-hole, 6,435-metre diamond drill
program at Ardeen, targeting along strike and down-plunge extensions of known
high-grade gold mineralization, returning assays of up to 11.6 metres of 27.0
grams per tonne (g/t) gold and 41.1 g/t silver. More than 12,000 metres of
drilling at Ardeen by Pele in the 1990s also returned numerous high-grade gold
intercepts. Coventry has completed its initial earn-in, and the Ardeen project
is now 49 percent owned by Pele Gold.

Pele also announced that it has received updated engineering plans for
the extraction of a high-grade, near-surface bulk sample which is expected to
return up to 2,500 ounces of gold at the 'A' zone at East Highland. In the
late-1990s, approximately 3,800 tonnes of material was mined from a shallow
open pit at the 'A' Zone, returning an average gold grade of about 5 grams per
tonne (g/t). Plans for the bulk sample include widening and deepening the
existing pit under the existing closure plan. The selection of a mill for
processing ore from the bulk sample has not been finalized.

Pele President and CEO Al Shefsky stated, "We continue to seek a
qualified partner to explore and develop our Highland gold properties as we
concentrate on the development of Eco Ridge. We believe that Highland has
excellent potential for near-term cash flow opportunities as well as the
delineation of significant gold resources."

Pele also announced results from drilling at the 'A' zone which was
planned, performed, and paid for by an arm's-length third party. Drilling
sought to extend the known mineralized zone to the east through a series of
shallow core holes totaling approximately 500 metres. The results extended
the high grade ore zone in the pit by an additional 5 meters and also
confirmed that the shear zone which hosts the A zone mineralization remains
open to the east.

Drill results can be viewed on Pele's website at
www.pelemountain.com/pdfs/AZone Extension.pdf

Pele's Highland gold properties are located approximately 100 kilometres
southeast of Hemlo in Northern Ontario, along the Michipicoten Greenstone
Belt, home to several past producing gold mines including the million-ounce
plus Renabie Mine and where Richmont Mines Inc. is currently operating the
Island Gold Mine. East and West Highland are 100-percent owned by Pele Gold
Corporation ("Pele Gold"), a wholly owned subsidiary of the Company.

Pele also announced today that further to the Company's press release
announcing certain option grants to directors, officers, employees and
consultants of the Company on December 21, 2010, Pele confirms that it granted
to an officer of the Company, 300,000 stock options exercisable at $0.325 per
share on January 1, 2011 and 50,000 stock options exercisable at $0.43 per
share on February 1, 2011. All of the forgoing stock options expire on
December 31, 2012.

This news release has been reviewed and approved by Peter Dimmell, P.Geo.
(NL, ON), a Pele Director and a Qualified Person under National Instrument
43-101.

[...]

http://www.newswire.ca/en/releases/archive/March2011/07/c853…

MfG, FaxenClown

[FaxenClown]

23.03.2011 14:03
Major Rare Earth Resources Confirmed at Pele Mountain's Eco Ridge Mine Project: Updated Economic Model to Include Revenue from Rare Earths for the First Time

By Mark Weaver

TORONTO, March 23 /PRNewswire/ - On February 24, Pele Mountain Resources announced NI 43-101 resources of 51.9-million pounds of "Indicated" total rare earth oxides ("TREO") plus 96.3-million pounds of "Inferred" TREO. The TREO resources are in addition to 15.2-million pounds of "Indicated" uranium oxide ("U3O8") plus 31.4-million pounds of "Inferred" U3O8, which was announced in Pele's press release of January 24, 2011. Pele President and CEO Al Shefsky stated, "Our new rare earth resource is exciting because it provides a potentially significant source of by-product revenue at Eco Ridge and it places Pele on a short list of emerging North American rare earth developers."

Further reductions in export volume by China are again resulting in higher prices for rare earth elements. CNBC reported yesterday that China's exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost nine-fold from last year, while the volume of trade remains below historical averages. Money in Metals believes this news bodes well for Pele Mountain Resources .

Pele's Eco Ridge Mine project is located in Elliot Lake, Ontario, which is the only mining camp in Canada that successfully achieved commercial production of rare earth oxides ("REO") in the past. Additionally:

-- Eco Ridge contains the full range of naturally occurring REO, including the highly valued "heavy" REO. Elliot Lake was one of the most important sources of heavy REO in North America. -- The project has the potential to be a primary uranium mine that would produce REO as by-products, and would not be wholly dependent on the volatile REO market. -- The mining and processing method to recover uranium at Eco Ridge will also recover REO into the leach solutions, at no extra cost. -- Eco Ridge has well-understood geology and lies within a politically stable and mining-friendly jurisdiction.

Resource estimates for individual REO are available on Pele's website at www.pelemountain.com/pdfs/Table2_RareEarthOxides.pdf

Pele Mountain's expert team of technical personnel, advisors, and consultants is working to optimize mining, processing, and waste management techniques at Eco Ridge and an updated Preliminary Assessment is expected in the second quarter of 2011. The Preliminary Assessment will feature a detailed economic model based on combined revenues from both U3O8 and rare earth oxides for the first time and will include design enhancements achieved since Pele's initial Scoping Study in 2007. With globally significant uranium and rare earth resources, excellent regional infrastructure, and strong local support, Eco Ridge provides an ideal location for a safe, secure, and reliable long-term supply of these critical metals.

http://www.finanznachrichten.de/nachrichten-2011-03/19723890…

MfG, FaxenClown

[kiefernberg]

ein Kauf wert?



http://www.minenportal.de/artikel.php?sid=15171#Rare-Earth-U…

Toronto 02.06.2011 (www.emfis.com) - Wie das kanadische Seltene-Erden-Unternehmen Pele Mountain unlängst mitteilte, hat man mit dem Bohr-Programm auf der Flagschiff-Liegenschaft (Eco Ridge Rare Earths and Uranium Project in Elliot Lake, Ontario) nunmehr begonnen.

Die Bohrungen sollen bis zu einer Tiefe von 7.000 Metern erfolgen, und haben das Ziel, vermutete Ressourcen in einem Umfang von fünf Millionen amerikanischen Pfund in nachgewiesene Ressourcen zu klassifizieren. Sollte das Vorhaben von Erfolg gekrönt sein, ist angedacht, den nachgewiesenen Ressourcen das Qualitätssigel NI 43-101 zukommen zu lassen.


Gewaltige historische Ressourcen

Die Chancen, dass dies gelingt, stehen dabei gar nicht schlecht. Eco Ridge war früher bekannt als "Uran-Hauptstadt der Welt", und die historischen Ressourcen-Schätzungen sind durchaus üppig. So befinden sich auf dem Projekt-Gebiet nachgewiesene Ressourcen von 51,9 Pounds an Seltenen Erden sowie 15,2 Millionen Pfund Uran. Die vermuteten Vorkommen liegen bei 96,3 bzw. 31,4 Millionen Pfund.

Natürlich ist es erfreulich, dass mit den Bohrarbeiten jetzt begonnen wurde. Der Erfolg steht aber noch in den Sternen. Zudem sieht die Aktie charttechnisch seit Jahresbeginn absolut bedenklich aus, so dass der Wert - zumindest für konservative Anleger - ungeeignet ist.

[grasgruener]

July 5, 2011 - 4:00 AM EDT

Pele Mountain Announces Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project with $1.31-Billion Pre-Tax Cash Flow, $662-Million NPV (at 7.5% Discount Rate), 47% IRR

TORONTO, Jul. 5, 2011 (PR Newswire Europe) -- v>

/PRNewswire/ --


Trading Symbol: TSX Venture : GEM OTCQX : GOLDF Shares Outstanding: 133,918,746


Pele Mountain Resources Inc. (OTCQX: GOLDF) ("Pele" or the "Company") today announced results of a NI 43-101 Preliminary Economic Assessment (the "PEA") on its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project"). The PEA was prepared by Roscoe Postle Associates ("RPA") and demonstrates that Eco Ridge has potential to become a profitable producer of rare earth oxides ("REO") and uranium oxide ("U3O8").

The Project is located in Elliot Lake, Ontario, the only Canadian mining camp to ever achieve commercial REO production and an historically important source of "Heavy" REO in North America. Recent extraordinary REO market developments, sparked by China's reduction of export quotas, have resulted in sharply higher prices, inciting a rush to find and bring to production new sources outside of China. With well-understood geology, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for a safe, secure, and reliable long-term supply of REO and U3O8. Pele is focused on transitioning Eco Ridge into the feasibility and licensing stages as it advances the Project toward development and production.

Highlights of the PEA include (all financial terms in US$):

- 9,400-tonne per day operation with life-of-mine production of 10.7-million pounds of Total REO and 24.9-million pounds of U3O8 over a 14-year mine life. - Cumulative operating cash flow of US$1.72-billion; Cumulative pre-tax cash flow of US$1.31-billion. - Positive NPV of $662-million (at a 7.5% discount rate); IRR of 47-percent. - Operating cash cost of $16 per pound U3O8, net of REO credits. - Start-up capital cost of $212-million; Sustaining capital cost of $195-million. - Life-of-mine production includes 430,000 pounds of dysprosium oxide (Dy2O3), 1.28-million pounds of neodymium oxide (Nd2O3), 2.08-million pounds of yttrium oxide (Y2O3), and 67,000 pounds of scandium oxide (Sc2O3). - Two-thirds of REO revenue is from Heavy REO (including yttrium and scandium oxides) many of which are forecast to be in particularly short supply in the years ahead while demand continues to rise sharply. - Opportunities for improvement of project economics include improved REO and U3O8 recoveries, and increased resources and production rate.


To view the full press release, please click here: http://www.pelemountain.com/pdfs/GEMPEA07052011.pdf" target="_blank" rel="nofollow ugc noopener">http://www.pelemountain.com/pdfs/GEMPEA07052011.pdf

For further information:

Al Shefsky, President, at [phone], or visit the Pele website at http://www.pelemountain.com.

Pele Mountain Resources Inc.
CONTACT: For further information: Al Shefsky, President, at
[phone], [e-mail]



Source: PR Newswire (July 5, 2011 - 4:00 AM EDT)

[grasgruener]

Antwort auf Beitrag Nr.: 41.160.052 von FaxenClown am 07.03.11 18:12:58

GEM für ist nach der PEA ein ernstzunehmender Uran/seltene Erden REO Produzent, zudem profitabel

[grasgruener]

richtigerweise muss es natürlich"zukünftiger Produzent" heißen........
aber eine PEA steckt schon mal den Rahmen ab und ich denke das einige Größere in der Branche sehr intensiv sich mit der gestrigen News befassen werden

http://www.pelemountain.com/pdf/Presentation.pdf

http://www.pelemountain.com/

[grasgruener]

läuft ja wie geschmiert...........

[iwa-eam]

ist pele mountain gepusht oder gibts wirklich substanz. wer weiss was? wird irgendwan produziert oder wie kommt er wert zu stande. ich finde nur immer was über studien und das schon die letzten jahre. wenn die studien gut sind warum gibts dann immer wieder neue studien. nur um kaufer der aktie zu locken oder warum?

[ultrawuffsn]

Antwort auf Beitrag Nr.: 41.754.099 von grasgruener am 07.07.11 09:59:09

Pele drills 140-metre interval of REOs at Eco Ridge

2011-10-13 13:29 ET - News Release

Mr. Al Shefsky reports

PELE MOUNTAIN ANNOUNCES DISCOVERY OF CONTINUOUS RARE EARTHS MINERALIZATION OVER 140-METRE TRUE THICKNESS AT ECO RIDGE

Pele Mountain Resources Inc. has released initial results from its core resampling program at its Eco Ridge mine rare earths and uranium project in Elliot Lake, Ont.

Pele has discovered that rare earth oxide ("REO") mineralization outside the Main Conglomerate Bed ("MCB") extends much farther than previously realized, with one drill hole revealing more than 140 metres of continuous mineralization. Pele has also learned that Total REO grades maintain elevated levels well into the MCB Hanging Wall, averaging more than 750 grams per tonne (g/t) (1 g/t = 1 ppm) over more than 20 metres as measured from the base of the MCB, through the MCB, and into the MCB Hanging Wall.

Pele's recently announced NI 43-101 Preliminary Economic Assessment ("PEA") for Eco Ridge is based solely on mineralization from within the MCB, which averages 2.7 metres in thickness. All NI 43-101 mineral resources reported at Eco Ridge to-date are also from within the MCB. The recent discovery of significant REO mineralization in core from the MCB Hanging Wall prompted Pele to launch a staged program to expand the sampling range of recent and historic drill core with an objective of increasing the size of the Eco Ridge deposit.

Pele President and CEO Al Shefsky stated, "This is a remarkable discovery. The expansion of rare earths mineralization, by up to several multiples, presents the potential for a significantly larger operation at Eco Ridge. In view of the increasing importance of critical REO, Pele is advancing new work initiatives with particular focus on optimizing REO production. Along with our recent successful lateral expansion of the deposit through step-out drilling and our ongoing testing into increased REO recoveries from monazite using an acid-baking process, we are rapidly advancing studies on opportunities to improve our already robust PEA."

Results of the first-stage, 14-hole, expanded sampling program reveal the following:

Sampling the MCB only (the historical standard practice) yielded an average of 1805 g/t Total REO over 2.75 metres across the 14 holes. As expected, this is consistent with the average grade and thickness of the Indicated Resources at Eco Ridge of 1640 g/t Total REO over 2.70 metres.

Sampling from the base of the MCB, through the MCB, and into the Hanging Wall averaged 964 g/t (over a true thickness of 11.1 metres, an increase in Total REO content of 140 percent compared to the MCB alone.

Sampling from the base of the MCB into the Hanging Wall averaged 766 g/t of Total REO over a true thickness of 21.6 metres, an increase in Total REO content of 260 percent compared to the MCB alone.

Two of the 14 holes were sampled more extensively. Hole PM-144 returned 297 g/t Total REO over 85.43 metres (MCB plus MCB Hanging Wall). Hole PM-195 returned 373 g/t Total REO over 125.27 metres (MCB plus MCB Hanging Wall) and 361 g/t over 140 metres including the sampling both below and above the MCB. Click here for total REO results for hole PM-195.

The relative distribution of Individual REO within the Total REO in the MCB Hanging Wall remains similar to the relative distribution of the Individual REO in the MCB, suggesting that monazite is the primary REO mineral throughout the entire mineralized zone. Please see Pele's press release dated July 5, 2011 for details on Individual REO distribution within the MCB.

Every sample from every hole contained REO mineralization. The expanded sampling intervals in all 14 holes ended in REO mineralization.

The objective of Pele's expanded core sampling program is to evaluate the extent of vertical REO mineralization at Eco Ridge. Core sampling in the Elliot Lake camp has historically been designed for optimizing U3O8 mineralization and not REO mineralization. Accordingly, Pele's program is systematically testing considerable wall rock above and below the MCB to determine the extent of the REO mineralization for the first time. As reported with the Eco Ridge PEA, Roscoe Postle Associates ("RPA") regards the expansion of mineral resources as a potential opportunity to improve project economics at Eco Ridge.

Pele's Eco Ridge PEA, prepared by RPA, and based solely on the mineralization within the MCB, demonstrates

Pele's potential to become a profitable producer of REO and U3O8. Based on the PEA, the most important REO by value at Eco Ridge are Nd2O3, Dy2O3 and Y2O3. The PEA base case forecasts cumulative production of 10.7-million pounds of Total REO and 24.9-million pounds of U3O8 over a 15-year mine life with pre-tax cash flow of US$1.28-billion, a positive NPV of $644-million (at a 7.5% discount rate), and an IRR of 45-percent.1 Among emerging Canadian REO developers, Pele's forecast operating costs at Eco Ridge are, by far, the lowest at just $46 per tonne. For more details on the PEA, see Pele's press release dated September 7, 2011.

In February 2011, RPA reported an updated NI 43-101 mineral resource estimate for Eco Ridge, as shown in the table below. This resource estimate includes mineralization from the average 2.7-metre thick MCB only and was calculated prior to the recent drill program, which successfully expanded the deposit to the north.

Table 1 Mineral Resources
Pele Mountain Resources Inc. - Eco Ridge Mine Project

Classification Tonnes U3O8 U3O8 TREO5 TREO
('000s) (%) ('000 lbs) (%) ('000 lbs)
Indicated 14,312 0.048 15,182 0.164 51,859
Inferred 33,121 0.043 31,444 0.132 96,352


Notes to Table 1:

CIM definitions were followed for Mineral Resources.

The Qualified Person for this Mineral Resource estimate is Tudorel
Ciuculescu, P.Geo.

Mineral Resources are estimated at a cut-off grade of 0.028% U3O8.

Mineral Resources are estimated using an average long-term uranium price
of US$60 per lb, and a C$:US$ exchange rate of 0.95:1.00.

Total Rare Earth Oxides include of La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3,
Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, and Lu2O3. Y2O3 and Sc2O3
are also included in TREO.

The resource wireframe at Eco Ridge contains both Indicated and Inferred
U3O8 and REO resources within the near surface portion of the Main
Conglomerate Bed.

The U3O8 resource estimate is based on a total of 237 drill holes. These
comprise 152 recent drill holes drilled by Pele Mountain between 2006
and 2009, and 85 historic drill holes drilled between 1954 and 1974.

The REO resource estimate is based on a total of 123 recent drill holes.
21 out of the 123 drill holes have not been assayed for Tm and Lu, and
five other drill holes have not been assayed for Sc.

In the Inferred category, there are nine drill holes that have REE
assays. Four drill holes out of these nine have not been analyzed for
Tm and Lu.

Drill core samples were analyzed at Activation Laboratories Ltd., an independent and ISO 17025 accredited laboratory. The Company performs routine Quality Assurance and Quality Control procedures on laboratory assay results.

The technical information contained in this press release has been reviewed and approved by Tudorel Ciuculescu, P.Geo of RPA, an independent Qualified Person under NI 43-101.

We seek Safe Harbor.


bin dabei.

[ultrawuffsn]

Antwort auf Beitrag Nr.: 41.969.301 von iwa-eam am 18.08.11 14:14:38

Diff. abs / Diff. rel: 0,045 EUR / 36,29%
Datum / Uhrzeit: 13.10.11 / 19:53:58
Geld / Brief: Geld: 13.10.11 - 19:37:36, Brief: 13.10.11 - 19:37:36 0,151 EUR / 0,169 EUR

[Trading_Alert]

da stinkt doch was ! So eine News und dann das!

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.210.189 von Trading_Alert am 13.10.11 20:49:12

unglaublich.

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.210.204 von ultrawuffsn am 13.10.11 20:51:22

am besten auf null runter und gut.

schön abgeladen die schweine.

[speedlook]

Datum Eröffnung Schluss Tageshoch Tagestief Volumen in D
20.01.2012 0,11 0,13 0,13 0,11 34.500

" German stupid Money "

in D + 30 %
in CAN - 3 %

Die Canadier sind näher am Unternehmen dran! Weiterhin Vorsicht !

[Qbic [KommA]]

Pele Mountain Files Updated Preliminary Economic Assessment for Eco Ridge Mine Project, Presenting a Pathway to Renewed Production of Critical Rare Earths and Uranium at Elliot Lake, Ontario

TORONTO, ONTARIO--(Marketwire - July 4, 2012) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today announced the filing of its updated NI 43-101 Preliminary Economic Assessment (the "PEA") on its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project"). The PEA was prepared by Roscoe Postle Associates Inc. ("RPA") and demonstrates that Eco Ridge has excellent potential to become a profitable producer of rare earth oxides ("REO") and uranium oxide ("U3O8").

Since publication of its previous PEA in July 2011, Pele has pursued opportunities for processing improvements at Eco Ridge. As reported in Pele's press release dated April 16, 2012, the updated PEA demonstrates that the predominant monazite rare earth mineralogy allows for excellent recovery with acid baking methods, improving recoveries by more than 10-fold for Light REO, by more than double for Heavy REO, and by nearly 30-percent for U3O8. The projected financial benefits from sharply higher rare earth recoveries far outweigh associated capital and operating cost increases and more conservative forecast commodity pricing.

Pele President and CEO Al Shefsky stated: "Our updated PEA demonstrates that Pele is a clear leader in the ongoing race to develop new sources of critical rare earths outside of China. As development timelines continue to slip at several well-known REO projects, we believe that the competitive advantages of Eco Ridge are increasingly apparent and attractive. We are pleased to publish our updated PEA and anticipate completing our updated Project Description during the current quarter in preparation for commencement of the licencing process."

Eco Ridge has competitive advantages that may enable its development ahead of other REO projects, including:

Its location in Elliot Lake, a proven mining camp with outstanding regional infrastructure including roads, railway, power, natural gas, airport, and deep-water ports. Elliot Lake has produced more than 300-million pounds of U3O8 and is the only Canadian mining camp to have achieved commercial REO production.
Pele's world-class development team, led by Roger Payne P. Eng., former General Manager for Rio Algom, and includes RPA, SNC-Lavalin Inc., SENES Consultants Limited, and Golder Associates Ltd., which have extensive experience with licensing, operating and decommissioning mines in Elliot Lake.
A pending update to its Project Description, and a potential target for a licence to construct the mine in 2015. Eco Ridge has no known environmental liabilities and enjoys enthusiastic local support.
Its status as one of the few North American REO deposits with a positive NI 43-101 compliant PEA.
Two-thirds of projected Project revenue is from REO; nearly 80-percent of REO revenue is from Heavy REO plus Nd2O3 with significant diversification from U3O8.
Well-understood monazite rare earth mineralogy and metallurgy, allowing for excellent recovery with acid baking methods.

Operational highlights of the updated PEA include:

9,000-tonne per day operation with life-of-mine production of 97.2-million lbs. of total REO (in the form of a mixed rare earth carbonate concentrate) and 27.5-million pounds of U3O8 over an 11-year mine life;
Production of a strategically significant combination of rare earths forecast to remain in supply deficit, with 85-percent of Project revenue from Heavy REO, neodymium oxide (Nd2O3) and U3O8.
Life-of-mine production includes 14.2-million lbs. of Nd2O3, 882,000 lbs. of dysprosium oxide (Dy2O3), 4.1-million lbs. of yttrium oxide (Y2O3) and significant quantities of terbium and europium oxides, providing a vital source of Critical REO outside China.
Light REO recoveries average 89-percent, Heavy REO recoveries average 78-percent, and U3O8 recovery averages 90-percent;
Accelerated capital payback with initial mining within a higher-grade channel; Year 1 production is expected to exceed average life-of-mine grades by approximately 40-percent.
Increased mineral resources include recently drilled lateral extensions of the Main Conglomerate Bed ("MCB") and new Hanging Wall Zone ("HWZ").

Financial highlights of the updated PEA include (all terms in US$):

For an 11-year mine life, Cumulative total gross revenue of $5.90-billion; Cumulative operating cash flow of $2.83-billion; Cumulative pre-tax cash flow of $2.16-billion;
NPV of $1.02-billion (at a 10-percent discount rate); IRR of 50-percent;
Start up capital expenditures of $563-million (includes contingency of $108-million);
$535-million of processing fees included for separation of rare earth concentrates into individual oxides;
REO basket price of $78 per kg for individual oxides net of separation costs and U3O8 price of $70 per pound are far more conservative than price forecasts in 2011 PEA;
67-percent of Project revenue from REO; Nearly 80-percent of REO revenue from Heavy REO plus Nd2O3.
Operating unit cost of $71.33 per tonne or $13.09 per kg ($5.94 per lb) Total REO, net of U3O8 credits.
Before-tax payback period of 1.5 years from commencement of commercial production.

The economic analysis is based, in part, on Inferred Resources, and is preliminary in nature. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves. There is no certainty that economic forecasts on which this Preliminary Economic Assessment is based will be realized.

An extended mine life sensitivity analysis demonstrates the economic potential of a longer mine life at Eco Ridge. RPA examined the effect of extending the mine life with the inclusion an additional 50 million tonnes of production material from the MCB. At a 9000 tonne per day production rate, the mine life is extended to 25 years and the resulting Project NPV is C$1.7 billion (at a 10% discount rate) and the IRR is 51-percent. At a 12,000 tonne per day production rate, the mine life is extended to 20 years, the NPV is C$2.1 billion (at a 10% discount rate) and the IRR is 53%.

For additional details regarding the updated PEA, please see Pele's press release dated April 16, 2012. To view or download the entire PEA, please visit Pele's website at www.pelemountain.com.

Pele is committed to the pursuit of sustainable development in Elliot Lake and seeks to provide long-term benefits to local communities. The Pele Board, management team, and staff offer their deepest condolences and unwavering support to the people of Elliot Lake as the community recovers from the recent Algo Centre Mall tragedy.

The technical and economic information relating to the PEA contained in this press release has been reviewed and approved by Jason Cox, P. Eng., Director of Mine Engineering for RPA, an independent qualified person under NI 43-101. This press release has been reviewed and approved by Roger Payne P. Eng., Pele's Executive Vice President and a Qualified Person under NI 43-101.

About Pele

Pele Mountain Resources, a leader in Canadian rare earth development, is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial REO production. At one time, Elliot Lake supplied 35-percent of the world's yttrium. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for a safe, secure, and reliable long-term supply of REO and U3O8. Pele has also entered into an agreement to purchase the Simon Rare Earth Claims in Mountain Pass, California. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Shares Outstanding: 148,951,246

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
www.pelemountain.com

[Qbic [KommA]]

The City of Elliot Lake Expresses Public Support for Development of Pele Mountain's Eco Ridge Mine Project

TORONTO, ONTARIO--(Marketwire - Sept. 5, 2012) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today reported the receipt of a letter of support from the Council of the City of Elliot Lake, Ontario, for the development of Pele's Eco Ridge Mine Rare Earths and Uranium Project.

The letter, which was unanimously approved by City Council and signed by Mayor Rick Hamilton, states that, "As we have repeatedly stated on-record, the City of Elliot Lake promotes and encourages economic development including the responsible development of mining operations that can deliver sustainable, long-term benefits to our community." The letter also states, "The involvement of these talented and experienced mining professionals (Pele's Executive V-P Roger Payne and consulting engineers with long-term ties to Elliot Lake) promotes our confidence that your project will be advanced according to the highest industry standards". The letter concludes, "We hereby express our support for the development of the Eco Ridge Mine Rare Earths and Uranium Project."

The full text of the letter can be viewed at http://www.pelemountain.com/community.php.

Pele President and CEO Al Shefsky commented: "We are honoured to receive this public statement of strong support from Mayor Rick Hamilton and the City Council. We are committed to the pursuit of responsible development at Eco Ridge, which we firmly believe will deliver long-term sustainable benefits to Elliot Lake and nearby communities. Our Eco Ridge Mine project has established Elliot Lake, Ontario as a clear leader in the ongoing race to develop new sources of critical rare earths outside of China."

Eco Ridge has competitive advantages that may enable its development ahead of other rare earth projects, including:

It is located in Elliot Lake, a proven mining camp with outstanding regional infrastructure including roads, railway, power, natural gas, airport and deepwater ports. Elliot Lake has produced more than 300 million pounds of U3O8 and is the only Canadian mining camp to have achieved commercial REO production.

Pele has a world-class development team, led by Roger Payne, P. Eng., former general manager for Rio Algom, and includes Roscoe Postle Associates, SNC-Lavalin Inc., SENES Consultants Ltd., and Golder Associates Ltd., which have extensive experience with licensing, operating, and decommissioning mines in Elliot Lake.

The Company and its consultants are updating the Project Description in preparation for the mine licensing process. Eco Ridge has no known environmental liabilities and enjoys enthusiastic local support.

Eco Ridge is one of very few North American rare earth projects with a positive NI 43-101-compliant Preliminary Economic Assessment. (Please see Pele's press release dated July 4, 2012.)

Two-thirds of projected project revenue is from rare earth oxides (REO); nearly 80 percent of REO revenue is from heavy REO plus Nd2O3 (neodymium oxide) with significant diversification from U3O8.

The project has well-understood rare earth mineralogy and metallurgy, allowing for excellent recovery with conventional processing methods.

About Pele

Pele Mountain Resources, a leader in Canadian rare earth development, is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial rare earth production. At one time, Elliot Lake supplied 35-percent of the world's yttrium. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for a safe, secure, and reliable long-term supply of rare earths and U3O8. Pele has also entered into an agreement to purchase the Simon Rare Earth Claims in Mountain Pass, California. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Shares Outstanding: 148,951,246

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




Contact Information

Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
www.pelemountain.com

[Qbic [KommA]]

Pele Mountain Achieves Processing Milestone: Mixed Rare Earth Concentrate and Yellow Cake Produced at Eco Ridge

TORONTO, ONTARIO--(Marketwire - Oct. 24, 2012) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") announced today that its bench scale metallurgical testing program has achieved a significant milestone with the production of a mixed rare earth carbonate concentrate along with uranium oxide ("U3O8"), also known as yellow cake. The metallurgical testing is being conducted at Saskatchewan Research Council ("SRC") using HQ-size drill core samples from Pele's 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge") in Elliot Lake, Ontario.

Pele has tested the basic processing circuit elements that were the basis of its NI 43-101 Preliminary Economic Assessment ("PEA") including pre-concentration using flotation and high intensity magnetic separation, acid baking and leaching, purification of leach solutions, solvent extraction to recover uranium oxide (yellow cake), and precipitation of a mixed rare earth carbonate concentrate. Pele is now advancing processing optimization studies in order to expedite preparations for pilot plant testing and the submission of its updated Project Description to government regulators. Pele remains focused on its objective to obtain a license to construct its Eco Ridge Mine in 2015.

Al Shefsky, President of Pele stated, "Our production of mixed rare earth concentrates and yellow cake is an important metallurgical processing milestone and confirms that Pele Mountain is a clear leader in the race to develop secure and reliable supplies of critical rare earths in North America. We have achieved this excellent progress with the help of a very talented and dedicated team including the proactive and very capable personnel at SRC."

Eco Ridge has competitive advantages that may enable its development ahead of other rare earth projects, including:

Its location in Elliot Lake, a proven mining camp with outstanding regional infrastructure including roads, railway, power, natural gas, airport, and deep-water ports. Elliot Lake has produced more than 300-million pounds of U3O8 and is the only Canadian mining camp to have achieved commercial rare earth oxide ("REO") production.
Pele's world-class development team, led by Roger Payne P. Eng., former General Manager for Rio Algom, and includes RPA, SNC-Lavalin Inc., SENES Consultants Limited, and Golder Associates Ltd., all of which have extensive experience in Elliot Lake.
Production of a strategically significant mix of rare earths forecast to remain in supply deficit.
Well-understood rare earth mineralogy and metallurgy, allowing for excellent mineral extraction and recovery.
No known environmental liabilities, enthusiastic local support, and strong government support.

Operational highlights of Pele's Eco Ridge PEA include:

9,000-tonne per day operation with life-of-mine production of 97.2-million lbs. of total rare earth oxides (in the form of a mixed rare earth carbonate concentrate) and 27.5-million lbs. of U3O8 over an 11-year mine life;
Life-of-mine production includes 14.2-million lbs. of neodymium oxide (Nd2O3), 882,000 lbs. of dysprosium oxide (Dy2O3), 4.1-million lbs. of yttrium oxide (Y2O3) and significant quantities of terbium and europium oxides, providing a vital source of the most critical REO outside China;
85-percent of Project revenue from Heavy REO, neodymium oxide (Nd2O3) and U3O8;
Light REO recoveries average 89-percent, Heavy REO recoveries average 78-percent, and U3O8 recovery averages 90-percent.

For further information about the PEA, please see Pele's press release of July 4, 2012.

This press release has been reviewed and approved by Roger Payne P. Eng., Pele's Executive Vice President and a Qualified Person under NI 43-101.


About Pele

Pele Mountain Resources is exploring and developing rare earth projects in the only two North American mining camps to ever achieve significant commercial rare earth production from hard rock mining: Mountain Pass, California and Elliot Lake, Ontario. Mountain Pass is North America's premier rare earth mining camp and Elliot Lake was once the major source of heavy rare earth, yttrium and uranium production in North America. Both locations offer compelling competitive advantages compared to other emerging rare earth development projects, including extensive existing regional infrastructure, favourable mineralogy and metallurgy, and political stability. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Shares Outstanding: 153,151,246

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
www.pelemountain.com

[Qbic [KommA]]

Drilling Confirms Deposit Extension at Pele Mountain’s Eco Ridge Mine Rare Earth and Uranium Project

January 17, 2013 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX: GOLDF) (“Pele” or the “Company”) today announced initial results from the recent drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Pele has completed a positive Preliminary Economic Assessment (“PEA”) for Eco Ridge that demonstrates its potential to become a profitable producer of rare earth oxides (“REO”) and uranium oxide (“U3O8”).

The program included step out drilling to the northwest and west of the existing Resource Wireframe with an objective of adding Inferred Resources. Pele targeted areas where wide-spaced historical drilling successfully intersected the Main Conglomerate Bed (“MCB”). Highlights from the first five holes drilled in the Northwest Extension (northwest of the Resource Wireframe) include:

All five holes intersected the MCB along a strike length exceeding three kilometres;

Four of the five holes significantly exceeded the average U3O8 and average Total REO grade of the Resource Wireframe;

Hole PM214 returned 0.063-percent U3O8 and 2,125 ppm Total REO over a true thickness of 2.99 metres, including 313 ppm neodymium oxide (“Nd2O3”), 102 ppm yttrium oxide (“Y2O3”), and 22 ppm dysprosium oxide (“Dy2O3”);

Hole PM218 returned 0.057-percent U3O8 and 1,856 ppm Total REO over a true thickness of 3.43 metres, including 277 ppm Nd2O3, 89 ppm Y2O3, and 20 ppm Dy2O3.

Although Pele was reasonably certain that the MCB was present in the Northwest Extension based on historical drilling, these results exceeded expectations.

Both holes drilled in the West Extension (west of the Resource Wireframe) intersected the MCB, returning typical REO grades over thicknesses below the MCB Resource Wireframe average. The U3O8 grade for Hole PM217 was, at 0.08-percent, well above the MCB Resource Wireframe average. Management is encouraged by these results which confirm the deposit continues to the western boundary of the Company’s mining leases at Eco Ridge.

Click here to view a map showing the location of the recent drill holes. Additional results will be announced as they become available.

Pele President and CEO Al Shefsky stated, “These results conclusively demonstrate that the Main Conglomerate Bed continues to the north and west of the current Resource Wireframe, which can potentially add significant resources and years of mine-life to the project. We are particularly pleased to see higher-than-average grades of U3O8 and Heavy REO in the Northwest Extension.”



Drilling Highlights from Northwest Extension

Hole ID


From
(m)


True Width
(m)


Total REO
(ppm)


Light REO
(ppm)


Heavy REO(ppm)


U3O8

(%)

PM214


530.1


2.99


2,125


1,878


247


0.063

PM216


600.8


2.76


1,887


1,668


219


0.055

PM218


537.2


3.43


1,856


1,635


221


0.057

PM219


589.5


2.73


1,440


1,252


188


0.045

PM220


494.5


2.19


2,065


1,808


257


0.063

Assay results for Critical Rare Earths (from Northwest Extension)

Hole ID


Nd2O3
(ppm)


Eu2O3
(ppm)


Tb4O7
(ppm)


Dy2O3
(ppm)


Y2O3
(ppm)

PM214


313


2.5


4.6


22


102

PM216


258


2.4


4.1


19


90

PM218


277


2.6


4.2


20


89

PM219


208


2.1


3.5


17


76

PM220


296


3.0


5.0


23


105

Drilling Highlights from West Extension

Hole ID


From
(m)


True Width
(m)


Total REO
(ppm)


Light REO
(ppm)


Heavy REO(ppm)


U3O8
(%)

PM215


179.3


2.35


1,484


1,327


157


0.024

PM217


82.8


1.84


1,534


1,368


167


0.080

Assay results for Critical Rare Earths (from West Extension)

Hole ID


Nd2O3
(ppm)


Eu2O3
(ppm)


Tb4O7
(ppm)


Dy2O3
(ppm)


Y2O3
(ppm)

PM215


218


2.0


2.8


13


60

PM217


224


2.0


3.1


14


66

Mineral resources for the MCB at Eco Ridge were estimated by Roscoe Postle Associates (as of April 16, 2012), as summarized in the table below.

Mineral Resource Estimate for Main Conglomerate bed at Eco Ridge

Zone & Classification


Tonnes


U3O8


U3O8


LREO6


HREO7


TREO


TREO

(‘000s)


(%)


(‘000lbs)


(ppm)


(ppm)


(ppm)


(‘000lbs)

Indicated






















MCB


20,514


0.045


20,447


1,426


193


1,618


73,184
























Inferred






















MCB


16,906


0.043


15,940


1,279


183


1,463


54,515

Notes:

1. CIM definitions were followed for Mineral Resources.

2. The Qualified Person for this Mineral Resource estimate is Tudorel Ciuculescu, P.Geo.

3. Mineral Resources are estimated at a cut-off value of $100 per tonne for the MCB. Values were calculated based on prices and recoveries of uranium and rare earths, net of off-site rare earth separation costs.

4. Mineral Resources are estimated using an average long-term uranium price of US$70 per lb U3O8, a rare earth “basket price” of $78 per kg (net of separation charges), and a C$:US$ exchange rate of 1.00:1.00.

5. A minimum mining thickness of 1.8 metres was used.

6. Light Rare Earth Oxides include La2O3, CeO2, Pr6O11, and Nd2O3.

7. Heavy Rare Earth Oxides include Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Y2O3, and Lu2O3. Sc2O3 is also included in HREO, as it occurs in low concentrations and carries high unit values like an HREO.

The mineral resources at Eco Ridge have excellent potential for upgrade and expansion with lower-than-normal exploration risk in the historically drilled areas, as demonstrated by the results announced today. The deposit remains open and there is excellent potential to add new resources in other historically drilled areas of the property. The mineralized reefs of Elliot Lake are well known for their vast size and consistency. To-date, infill drilling at Eco Ridge has been 100-percent successful in upgrading Inferred resources to the Indicated category in the MCB.

The geological information in this press release has been reviewed and approved by Edward C. Walker, Ph.D., P. Geo., an independent Qualified Person as defined by NI 43-101.

About Pele
Pele Mountain Resources is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial rare earth production. Elliot Lake was once the major source of heavy rare earth, yttrium and uranium production in North America. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for the development of a safe, secure, and reliable long-term supply of critical rare earths and uranium. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

Shares Outstanding: 153,151,246

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.


Contact Information:
Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
www.pelemountain.com

[Qbic [KommA]]

Pele Mountain Announces Reactivation of Festival Project Joint Venture Near Wawa, Ontario

TORONTO, ONTARIO--(Marketwired - May 28, 2013) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") announced today that the Festival Project joint venture with Goldcorp Inc. (TSX:G)(NYSE:GG) has been reactivated. The joint venture will begin an exploration program this summer with Goldcorp as the project operator.

In 2004, Goldcorp and Pele began exploring north of Wawa on the 101 square kilometre Festival Project, where commercial size, gem quality diamonds were discovered in large Archean age deposits.

The new Licensed Area covers a total of 52 square-kilometres, including the southern portion of the original Festival Project and the northern portion of the neighbouring property formerly held by Band Ore Resources. The new Licensed Area now straddles the interpreted western extension of the Goudreau-Localsh Deformation Zone ("GLDZ"), host to Richmont's Island Gold Mine as well as several past-producing gold mines including Argonaut's Magino Mine.

Pele President and CEO Al Shefsky stated, "While we remain squarely focused on the development of our 100-percent owned Eco Ridge Mine Rare Earth and Uranium Project, we are excited to participate in exploration with Goldcorp, Canada's pre-eminent gold mining company. The Michipicoten Greenstone Belt has a rich production history and is again emerging as an important Canadian gold district. Our interest in Festival provides Pele with the potential for discovery at virtually no cost to the Company."

The Festival Project is owned by Pele Mountain and Goldcorp under a joint venture that was entered into in 2006 with each company owning 50-percent. Recent spending has been funded primarily by Goldcorp, with Pele electing not to contribute its pro rata share. Accordingly, Goldcorp's interest will increase to approximately 51-percent of the joint venture and Pele will own approximately 49-percent. Any new work on the property will impact the relative percentage ownership of each party in the joint venture.

The term of the License is for five years commencing on January 1, 2013 and may be extended for an additional 5-year term. All minerals produced and marketed from the Licensed Area are subject to a 3% royalty payable to the Licensor.

About Pele

Pele Mountain Resources is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earth and Uranium Project. Eco Ridge is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial rare earth production. Elliot Lake was once the major source of heavy rare earth, yttrium and uranium production in North America. With well-understood geology and mineralogy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for the development of a safe, secure, and reliable long-term supply of uranium, critical rare earths and scandium. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

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. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Pele Mountain Resources Inc.
Al Shefsky
President
[phone]
www.pelemountain.com

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