Pele mountain starts drill program.

• Position: AROUND THE NORTH - Pele Mountain Resources Inc. - Brief article

Pele Mountain Resources has started a 6,500-metre drill program at its Eco Ridge Mine Rare Earths and Uranium Project in Elliot Lake. Two drill rigs arrived on the site Oct. 16.

The program aims to add up to 20 million tonnes of inferred resources. A preliminary economic assessment for Eco Ridge demonstrated its ability to become a profitable producer of rare earth oxides and uranium.

"Our goal in adding resources at Eco Ridge is to extend the mine life in order to improve project economics," Al Shefsky, president and CEO of Pele, said in a news release. "We have also worked diligently for several months...