Pele Mountain Resources continues to expand its uranium resource base at its Elliot Lake project in northeastern Ontario.
The Toronto junior released new drill results on January 9 from an 84-hole program to better define and expand the resource at its Eco-Ridge Mine Project.
The company has released a resource of 6.4 million pounds of indicated uranium and 36.1 million of pounds of inferred, with the potential for "significant expansion."
The historic mining camp produced more than 300 million pounds of uranium from the Rio Algom and Denison Mines from 1956 to 1996.
The company has started the permitting process with the Canadian Nuclear Safety Commission and federal government's Major Project Management Office.
For details go online at www.pelemountain.net.
.jpeg;w=120;h=80;mode=crop)
