TORONTO, ONTARIO — (Marketwire) — 01/29/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced additional results from the recent 13-hole drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Pele announced the initial results of the first seven holes of this program on . Pele has completed a positive Preliminary Economic Assessment ("PEA") for Eco Ridge that demonstrate
TORONTO, ONTARIO — (Marketwire) — 01/08/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") is pleased to announce the execution of a definitive agreement whereby Pele will sell its Pigeon River project (the "Project") to Zara Resources Inc. (CNSX: ZRI) ("Zara") for a purchase price of $700,000 payable in Zara stock.Pele President and CEO Al Shefsky stated, "In order to better focus on advancing development
TORONTO, ONTARIO — (Marketwire) — 10/16/12 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced the arrival of two drill rigs and the commencement of a 6,500-metre 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