RE: $.55 a good entry?Pele Mountain Resources Inc. (TSX VENTURE: GEM)("Pele" or the "Company") announced today that it has retained the services of Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") to complete a NI 43-101 compliant Technical Report (the "Technical Report") on its Elliot Lake uranium project (the "Project") in northern Ontario.
***** Pele also announced that it has completed its first drill hole on the property. The mineralized sections of the drill core have been sawed in half, sampled, and shipped to Saskatchewan Research Council, an independent, ISO 17025 accredited laboratory. The drill core will be assayed for uranium along with several other mineral elements of interest.******