TORONTO, ONTARIO — (Marketwire) — 09/27/12 — Pele Mountain Resources Inc. (TSX VENTURE: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has sampled up to 10.67-percent total rare earth oxides ("REO") in carbonatite and has discovered new rare earth bearing mineralized zones during an initial sampling program at its Mountain Pass Project in southeastern California. Pele-s Mountain Pass project is along strike and just 1,800 metres southeast
