Pele Mountain Resources reports that new analysis of certain drill intersections has confirmed the presence of extensive Rare Earth Elements at its Eco Ridge Mine uranium project, Northern Ontario.

These results are consistent with previous analyses performed by Scott Wilson Roscoe Postle Associates (“SWRPA”), as documented in its October 2007 NI 43-101 compliant Technical Report on the project (the “Technical Report”). The Eco Ridge Mine project is owned 100% by First Canadian Uranium Inc., a wholly owned subsidiary of Pele.

Pele Mountain’s President and CEO, Al Shefsky states:

 ”Although Yttrium was the primary REE produced historically at Elliot Lake, the development of many new strategically critical applications has created growing demand for the full range of REE. Pele’s Eco Ridge deposit contains the full range of REE, including the highly valued ‘heavy’ REE, which leach recovery analysis at SGS has confirmed can be extracted from the conglomerate deposits at Elliot Lake. The extensive REE mineralization at Eco Ridge represents a potentially large future source of these strategically critical metals.”

For full details of this press release, click this link.

Uranium Investing News researchers discovered Pele Mountain’s project described on their website.

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