Pele Mountain G E M

http://pelemountain.com/pdfs/2006_presLetter.pdf

Nichts neues, aber gute Zusammenfassung....

@ edel:

Errmm... sollte eigentlich in den Uranthread... aber wenn Du willst, können wir auch einen Pele Thread aufmachen. Die Entscheidung überlasse ich Dir.

...es geht voran Vielleicht hilft das ja auch dem Kurs ein wenig....

Und: Das Ziel scheint ja auch zu sein, die das Kostenminimierungspotenzial zu reduzieren, im letzten NI 43-101 waren Kosten von $65 / Pfund U308 genannt .

Von der Pele Website:

February 28, 2007 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) (“Pele” or the “Company”) is pleased to announce that it has completed the first 16 holes of an initial 22-hole drill program at its 100-percent owned Elliot Lake uranium project in northern Ontario.

A total of 20 out of the 22 drill holes in the current program are within a 600 by 800 metre area where uranium-bearing conglomerate beds occur from surface to a vertical depth of 200 metres. The drilling will provide close-spaced sample information on the grade and thickness of the Main Conglomerate Bed and mineralogical and geotechnical data, enabling the upgrade of certain “Inferred Resources” to the “Indicated” category, a necessary reclassification for mine planning studies. The immediate focus at Elliot Lake is the determination of optimal mining and processing methods for the deposit while establishing an environmental management plan.

The drill core is being logged and cut into quarters, with one-half of the sample used for metallurgical leaching tests, one-quarter used for standard assay analysis of U3O8 and rare earth elements and one-quarter archived as a permanent record for future reference. The assaying and metallurgical testing are being conducted at SGS Lakefield Research Limited, an ISO 17025 accredited laboratory.

Pele President and CEO Al Shefsky stated, “Our first-stage program is designed to pursue opportunities to maximize revenue and minimize costs for a potential uranium mining and processing operation at Elliot Lake. The program is advancing on schedule and we expect to begin our second-phase pre-feasibility study this summer. We are increasingly confident in the value of our Elliot Lake project as a hedge against soaring uranium prices. Our Elliot Lake Project has a large resource, outstanding exploration potential and superior leverage to the increasing price of uranium”.

Last month, Scott Wilson Roscoe Postle Associates Inc. (“Scott Wilson RPA”) released a NI 43-101 compliant Technical Report estimating that Pele’s Elliot Lake project contains 30.05 million tonnes grading 0.05-percent U3O8, for a total inferred resource of 33.05-million pounds U3O8, and an additional potential mineral deposit of 25 to 30 million tonnes at grades ranging from 0.04 to 0.05 percent U3O81. Scott Wilson RPA is collaborating with experienced professionals from a wide range of disciplines to complete the assessments recommended in its Report.

This press release has been reviewed and approved by Robert MacGregor, P.Eng., an independent Qualified Person with 14 years experience working in the Elliot Lake area during its time as an active uranium mining camp and any reference to the 43-101 report has been reviewed and approved by Lawrence B. Cochrane, Ph.D., P. Eng. of Scott Wilson RPA, a “Qualified Person” under NI 43-101.

Pele Mountain Live Präsentation

Ich finde das gar nicht so schlecht:

1. der Preis ist deutlich über dem aktuellen PPS
2. jetzt hat Pele die Koffer voll um sich um die pre-feasibility studies und weiteren Bohrungen zu kümmern.
3. die Optionen/Warrants sind erst in 18 Monaten ausübbar - wer immer dort eingestiegen ist hat auch eine Long-view

Pele Mountain Announces Closing of Financing

Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 67,771,860
Website: http://www.pelemountain.com
FOR IMMEDIATE RELEASE

March 13, 2007 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") to three (3) arm's length subscribers for an aggregate of 2,610,000 flow-through units in the capital of Pele (each a "Unit") at a purchase price of $1.15 per Unit for gross proceeds of $3,001,500. Each Unit is comprised of one (1) common share (each a "Share") on a flow-through basis (as that term is defined in the Income Tax Act (Canada)) and one half (1/2) non-transferable Series Z purchase warrant (each a "Series Z Warrant") issued for nominal consideration, where each whole Series Z Warrant is exercisable for a period of eighteen (18) months after closing to purchase one (1) additional common share of Pele at a purchase price of $1.35 per share. The securities underlying the Units, including the Shares and Series Z Warrants issued on closing and the common shares issuable upon due exercise of the Series Z Warrants, will all be subject to a 4 month statutory hold commencing from the date of issuance. There are no commissions or finder fees payable in connection with the Offering. The Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.

All proceeds raised under this Offering will be used by Pele to finance qualified Canadian exploration and development expenditures on its Canadian resource properties. All costs associated with the Offering will be paid by the Corporation from its general funds.

Currently, Pele has 67,771,860 common shares issued and outstanding. Following the closing of the Offering, Pele will have 70,381,860 common shares issued and outstanding.

About Pele Mountain Resources
Pele Mountain Resources is focused on the advancement of its 100-percent owned Elliot Lake uranium project in northern Ontario. The Elliot Lake project hosts a NI 43-101 compliant mineral resource of 33 million pounds of U3O8 with very good potential to increase the mineral resources on the property, according to a Technical Report authored by Scott Wilson Roscoe Postle Associates Inc.

The Elliot Lake mining camp was once known as "the uranium capital of the world" and has produced more than 270 million pounds of U3O8 from stratigraphically-bound deposits that demonstrate remarkable consistency over extensive areas. The uranium market is currently experiencing a strong upward price trend due to uncertain supply and increasing global demand.
Pele also holds a diverse portfolio of gold, diamond, and base metal projects located across northern Ontario, including the Highland project where drilling has outlined several high-grade, narrow-vein gold zones within an historic mining camp. Through project generation and mineral discovery, Pele provides shareholders with exposure and leverage to the increasing global demand for natural resources. Pele stock trades on the TSX Venture Exchange under the symbol "GEM".

For further information please contact Al Shefsky, President, at (416) 368-7224, or visit the Pele website at http://www.pelemountain.com.

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

FOR IMMEDIATE RELEASE

March 29, 2007 - Toronto - Pele Mountain Resources Inc. ( TSX Venture: GEM ) (" Pele " or the " Company ";) today announced the continued advancement of technical, economic, and environmental scoping studies at its 100-percent owned Elliot Lake Uranium project in Northern Ontario. The focus of the ongoing studies is to establish the basis for economically viable, safe and environmentally compliant mining and processing facilities at Elliot Lake .

In January, Scott Wilson Roscoe Postle Associates Inc. ( "Scott Wilson RPA" ) released a NI 43-101 compliant Technical Report (the " Report ";) estimating that the deposit contains 30.05 million tonnes grading 0.05-percent U3O8, for a total inferred resource of 33.05-million pounds U3O8, and an additional potential mineral deposit of 25 to 30 million tonnes at grades ranging from 0.04 to 0.05 percent U3O81 . Scott Wilson RPA is collaborating with experienced professionals from a wide range of disciplines to complete the assessments recommended in its Report.

Pele President and CEO Al Shefsky stated, "As detailed below, we are achieving outstanding progress on multiple fronts at Elliot Lake . Our positive results to-date, along with our belief in the long-term sustainability of a robust uranium market, continue to increase our confidence that the near-term development of a world-class uranium mine and processing facility is a realistic objective."

The ongoing scoping studies are focused on determining the optimal mining and processing methods for the deposit while establishing an effective environmental management plan. The project is advancing systematically and on schedule according to the recommendations set out in the Report. Pele is pleased to report the following updates and milestones in the areas of resource estimation, mine planning, processing methods, and environmental management.

Resource Estimation

* The initial 22-hole drill program has been completed with the drill core logged, sawed, and sent to SGS Minerals Services for analysis of uranium and rare earth elements ("REE";). Assay results are expected next month.

* 20 of the 22 holes were located within a near-surface area measuring 600 by 800 metres and will enable the upgrade of "inferred" mineral resources within this area to the "indicated" category. Six of these holes were originally scheduled as part of the stage two pre-feasibility study, however they have been completed earlier in the schedule to facilitate the more detailed resource estimate.

* An additional drill program is planned in a previously drill-tested area now categorized as a "potential mineral deposit" that, if successful, will enable the upgrade of significant portions to the "inferred" category, adding to Pele's current NI 43-101 compliant U3O8 resource total of 33 million pounds.

* Down-hole radiometric surveys have been completed in current drill holes with the objective to provide high resolution spectra that can be converted to provide equivalent uranium and thorium content. Correlations between thorium and REE have been established from the core analyses and the radiomentric surveys are expected to also provide a relatively quick, and cost effective method to estimate the REE content. Furthermore, a previously drilled AXT-size hole was successfully re-entered with a "dummy-probe" indicating that many of the historic holes can also be surveyed.

Mine Planning

* Preliminary geotechnical assessments on drill cores are complete and have demonstrated that the rock mass quality of the deposit and its host rocks is good to excellent and sufficient to support room-and-pillar mining methods.

* The deposit outcrops for approximately 6 kilometres and dips to the northwest at approximately 20 degrees, with the highest concentrations of uranium occurring at the base of the "Main Conglomerate Bed". A reduction in mining height from approximately 2.4 metres (as stated in the Technical Report) is now considered likely in order to optimize grade and operating costs.

* Additional in-fill holes are planned to further outline relatively higher-grade, near-surface zones for mining early in the project life.

Processing Methods

* Samples have been sent to the Inco Innovation Center at Memorial University in Saint John's Newfoundland , for mineralogical assessment using its Mineral Liberation Analyzer with results expected by June. This testing will provide information on the mineralogical associations and distribution of both uranium and rare earth oxides.

* Upon receipt of the assay results from the current 22 drill holes, additional core samples from the Main Conglomerate Bed will be shipped to SGS Lakefield Research Limited for use in uranium and REE leaching recovery tests that are expected to be completed this summer.

* Processing methods now under consideration include conventional milling and underground leaching, both of which proved to be effective in former operations at Elliot Lake . Other options are also being evaluated.

Environmental Management

* Consultation has been initiated with the Serpent River First Nation and the City of Elliot Lake to foster open and constructive dialogue regarding the project in the interest of preserving the natural balance in this culturally significant and beautiful area of Northern Ontario .

* "Best Practices" for environmental management are being implemented for the exploration programs and are being established for the development stages of the project.

* Environmental and permitting aspects for various processing options are under review and preparation for an environmental baseline survey is scheduled to commence this summer.

The "Qualified Person" under NI 43-101 for Scott Wilson RPA's Technical Report is Lawrence Cochrane, P.Eng. This press release has been reviewed and approved by Robert MacGregor, P.Eng., a Qualified Person under NI 43-101.

About Pele Mountain Resources

Pele Mountain Resources is focused on the advancement of its 100-percent owned Elliot Lake uranium and rare earth elements project in Northern Ontario . The Elliot Lake project hosts a NI 43-101 compliant mineral resource of 33 million pounds of U3O8 with very good potential to increase the mineral resources on the property, according to a Technical Report authored by Scott Wilson Roscoe Postle Associates Inc.

The Elliot Lake mining camp was once known as "the uranium capital of the world" and has produced more than 270 million pounds of U 3 O 8 from stratigraphically-bound deposits that demonstrate remarkable consistency over extensive areas. The uranium market is currently experiencing a strong upward price trend due to uncertain supply and increasing global demand.

Pele also holds a diverse portfolio of gold, diamond, and base metal projects located across Northern Ontario, including the Highland project where drilling has outlined several high-grade, narrow-vein gold zones within an historic mining camp. Through project generation and mineral discovery, Pele provides shareholders with exposure and leverage to the increasing global demand for natural resources. Pele stock trades on the TSX Venture Exchange under the symbol " GEM ".

For further information please contact Al Shefsky, President, at (416) 368-7224, or visit the Pele website at http://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.

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

Coole Karte von der Elliot Lake gegend wo Pele seine Sites hat. Die Karte stammt von einem Poster auf Stockhouse

[Blockierte Grafik: http://i150.photobucket.com/albums/s114/GEM_MEG55/GEMproperty_0001.jpg]

http://pelemountain.com/pdfs/tradetechspotlight.pdf

Aktuelle PR News von Pele:

Die haben in der Bibliothek / Archiv der Ministry of Northern Development and Mines Bohrergebnisse aus 1955 ausgegraben welche die Uranvorkommnisse von Pele in der Elliot Lake Region um ca. 2KM erweitern.

Die volle PR gibt es hier.

Grüsse

Pele hat den ehemaligen Denison Mining General Manager Fergus Kerr eingestellt. Mr. Kerr hat schon Erfahrung in Elliot Lake als Denison dort im Uranumfeld tätig war.

Mit Sicherheit ein guter Zugang für Pele.

Und noch viel wichtiger: Die Ergebnisse des 22-Loch Bohrprogramms von Elliot Lake werden nächste Woche erwartet

Vielleicht hilft das dem in letzter Zeit ziemlich gebeutelten Kurs wieder ein wenig auf die Beine

Volles Pressrelease gibt es hier.

Grüsse

Al Shefsky ist CEO von GEM.V (Pele Mountain)

http://www.canadianminingjourn…p?id=73345&issue=09092007

Viele Argumente für Uran und natürlich viel mehr Uranminen aus Kanada, spez. Elliot Lake....

GEM.V in der letzen Zeit nicht besonders Stark, leider unter der allgemeinen Misere des Uransektors - allerdings hat GEM auch noch Gold und Diamanten...

http://pelemountain.com/projects/index.shtml

Grüße...

Finde den Zeitpunkt des News-releases sehr gut ausgewählt mitten in die aktuelle Euphorie rein....

Grüße....

Pele Mountain Achieves Positive Results from 5,600-Metre Drill Program at Elliot Lake Uranium Project
Symbol: GEM
Listing: TSX Venture Exchange
Common Shares Outstanding: 72,071,310
Website: http://www.pelemountain.com
Highlights

* Adit Block Results Confirm Favourable Uranium Grade, Thickness, and Continuity
* Basal Conglomerate Bed Results Verify Exploration Model and Potential for More Resources
* Scoping Study and Updated NI 43-101 Report Due from Scott Wilson RPA at Month End

FOR IMMEDIATE RELEASE

September 19, 2007 - Toronto - Pele Mountain Resources Inc. (TSX Venture: GEM) ("Pele" or the "Corporation") today announced results from the first 33 holes of its recent 35-hole, 5,600-metre drill program at its Elliot Lake Uranium Project in Northern Ontario. Pele is focused on advancing the project, and its inferred resource of over 33 million pounds of U3O8, toward objectives of development and production. Uranium mineralization extends across a strike length of 6,000 metres, and a dip length of at least 3,800 metres, within Pele's 100-percent owned property.

An ongoing comprehensive scoping study (the "Scoping Study") is advancing under the supervision of Scott Wilson Roscoe Postle Associates ("Scott Wilson RPA") to establish the basis for economically viable, safe, and environmentally-compliant mining and processing facilities at Elliot Lake. The Scoping Study, along with an updated resource estimate, is expected to be available at the end of September in a NI 43-101 Preliminary Assessment report.

The drill program successfully achieved its two primary objectives:

* It further defined the grade and continuity of the resource located within the "Adit Block", a 600 by 800-metre near-surface area that presents a favourable location for initial mining in the project evaluation. Pele's previous 22-hole program focused on the Adit Block, confirming historical results in the Main Conglomerate Bed ("MCB").
* It confirmed the presence of higher grade uranium mineralization in the Basal Conglomerate Bed ("BCB") within the Canyon Lake Block, roughly 1,000 metres west of the Adit Block. Previous Adit Block drilling identified such mineralization in the BCB, located about 15 metres below the MCB at the Unconformity between volcanic basement rocks and overlying Huronian sediments. The Canyon Lake area was selected because of greater BCB thickness and continuity indicated by historic drilling and because the Canyon Lake Fault was projected to extend through it.

The Adit Block drilling included 23 holes, of which 21 have thus far been assayed. Highlights from the Adit Block drilling include the following:

* The U3O8 grades and distributions within the MCB are consistent with previous drill programs, confirming relatively higher grades and excellent continuity between holes within the Adit Block.
* Best intercepts of the MCB include 0.083-percent U3O8 over 2.34 metres (PM-45), 0.070-percent U3O8 over 2.81 metres (PM-47), and 0.094-percent U3O8 over 1.94 metres (PM-52). The best intercept of the BCB within the Adit Block was 0.305-percent U3O8 (and 0.437 grams of gold per ton) over 0.45 metres (PM-42).
* The MCB thickness exceeded expectations, averaging 2.78 metres compared to the 2.44 metre average from the previous drill program.
* The areas exhibiting the highest U3O8 grades within the MCB in the Adit Block are located on the western flanks of a topographic high in the basement rocks. Historic drill results on the north and east flanks of this same structure indicate that these areas also have potential for the delineation of similar higher-grade zones.
* Uranium within the MCB is primarily contained within the minerals pitchblende and brannerite.

The Canyon Lake Block drilling included 12 holes, all of which have been assayed. The BCB was intersected in 11 of the 12 holes and the Canyon Lake Fault was intersected in two of those holes. Highlights from the Canyon Lake Block drilling include the following:

* The BCB is thicker and more continuous in the Canyon Lake Block than in the Adit Block. The best intercept of the BCB within the Canyon Lake Block was 0.082-percent U3O8 over 2.64 metres (PM-24).
* Mineralogical and assay analyses show that uranium within the MCB has been extensively leached and remobilized in the Canyon Lake Block in close proximity to where thicker and higher grade BCB occurrences have been intersected. This supports the "blue sky" potential to discover a significant secondary uranium deposit at Elliot Lake. By contrast, MCB mineralization in the Adit Block does not appear to have been mobilized any significant distance.
* The BCB has the potential to significantly increase uranium resources at Elliot Lake and opens up a completely new target for future exploration. (All reported resources at Elliot Lake are currently contained in the MCB.)
* Uranium within the BCB is primarily contained in secondary minerals coffinite, pitchblende, and uranium-pyrite-aluminum-silicate composite grains.

Significant Rare Earth Oxide (REO) content has been confirmed in both the MCB and BCB in all holes analysed for these metals to-date at the Elliot Lake Project. The economic potential of the REOs will be evaluated following the results of ongoing metallurgical recovery testing at SGS Lakefield. Drilling has also confirmed anomalous gold values in the BCB.

Follow-up drilling is planned for the north and east flanks of the basement high structure that appears to be related to higher grade zones within the MCB in the Adit Block. Follow-up drilling is also planned for the BCB in the Canyon Lake Block to extend the best results there and to further test the fault zone. Additional drill plans will be made based on recommendations in the Scoping Study.

A map of drill hole locations for the recently completed program at Elliot Lake is available at http://www.pelemountain.com/pdfs/elliotlakeMap.pdf

Drill results from the MCB within the Adit Block are included in the table below.
Drill Results - Main Conglomerate Bed, Adit Block
Drill Hole From (m) Length (m) Est. True Width (m) U3O8 (%)
PM-35 122.65 2.35 2.16 0.036
PM-36 117.03 2.22 2.21 0.033
PM-37 121.46 2.71 2.62 0.034
PM-38 120.12 3.03 2.93 0.038
PM-39 94.52 2.80 2.76 0.039
PM-40 76.00 2.70 2.66 0.056
PM-41 85.64 2.48 2.33 0.054
PM-42 141.20 4.55 3.10 0.065
PM-43 42.51 2.49 2.45 0.036
PM-44 45.45 3.80 3.58 0.052
PM-45 63.96 2.49 2.34 0.083
PM-46 56.80 3.83 3.52 0.052
PM-47 126.04 3.06 2.81 0.070
PM-49 174.44 4.76 3.24 0.063
PM-50 195.90 2.85 2.68 0.040
PM-51 161.38 3.46 3.25 0.046
PM-52 155.03 1.97 1.94 0.096
PM-53 185.37 3.36 3.31 0.062

Drill results from the BCB within the Canyon Lake Block are included in the table below.
Drill Results - Basal Conglomerate Bed, Canyon Lake Block
Drill Hole From (m) Length (m) Est. True Width (m) U3O8 (%)
PM-23 96.03 0.97 0.93 0.019
PM-24 91.80 2.68 2.64 0.082
PM-25 127.00 2.00 1.26 0.048
PM-26 131.00 0.82 0.78 0.028
PM-27 119.20 1.00 0.97 0.027
PM-28 166.00 0.57 0.42 0.103
PM-29 53.71 1.44 1.35 0.041
PM-30 74.60 1.73 1.14 0.052
PM-32 131.60 0.45 0.45 0.145
PM-33 174.75 0.30 0.20 0.196
PM-34 125.33 1.17 1.06 0.020

A detailed report on the recent drill program including results from the MCB in the Canyon Lake Block, the BCB in the Adit Block, mineralogical studies, and the QA/QC program are included in the Scott Wilson RPA report which can be accessed on the Pele web site at http://www.pelemountain.com/pdfs/elliotlakeX.pdf

The technical aspects of this press release have been reviewed and approved by Lawrence B. Cochrane, Ph.D., P. Eng. of Scott Wilson RPA, a "Qualified Person" under NI 43-101.

• Operating Costs von US$55,51 / pound U3O8 (vorher US$65 - US$75 geschätzt)
• Indicated Resource von 6,39mio Pfund U3O8
• Inferred Resource von 36,15mio Pfund U3O8
• Es wird an Licensing und Feasability Stage gearbeitet
• Die Mine hat eine geschätzte Lebensdauer von 18 Jahren
• Rare Earth Oxides sind in der Kalkulation nicht drin - bieten also weiters Potenzial

http://pelemountain.com/press-…ticle.php?date=1191525240

Die Aktie ist momentan vom Handel ausgesetzt.

Grüße....

Zitat

Original von LuckyFriday

Danke; wer zu spät kommt, den bestraft das Leben . aber es gibt sicher noch weitere Gelegenheiten, zu investieren...

Gruss,
Lucky

Bin da schon lange drin ;)....

Mal seh'n was mit der Aktie noch so passiert - GEM hat ja auch noch Diamant und Gold-Projekte, für die JV Partner gesucht werden...

Grüße....