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   Gold/Mining/EnergyPele Mountain


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To: Letmebe Frank who wrote (218)12/10/2003 10:22:48 AM
From: rdww
   of 241
 
that was a report from 2002 - given that they are going ahead now and spending $700MM + and saying that these are better than ekati/diavik stones - I appears that they have gotten thier heads around the 'issues'. if you go to DB's canada site - there is a report from this summer that suggests a pipeline is one of the things that they ARE considering still. ALso a runway capable of handling 737's I think is in the thought process as well.

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To: Letmebe Frank who wrote (218)1/5/2004 5:22:32 PM
From: rdww
   of 241
 
Pele Begins Drilling at Attawapiskat River Diamond Project
FOR IMMEDIATE RELEASE

January 5, 2004, Toronto, ON, Pele Mountain Resources Inc. (TSX
Venture:GEM) ("Pele" or the "Company") is pleased to announce that drilling
has begun at its 100% owned Attawapiskat River Diamond Project to test
targets identified in the on-going ground geophysics program announced by
Pele on October 30 and December 5, 2003. The drill currently in use is a
lightweight, mobile drill that has been equipped to recover BQ size core
samples of bedrock that can be readily examined to determine whether or not
the drill target is kimberlite. This direct approach to acquisition of
bedrock samples will provide the opportunity to test a number of targets
prior to spring breakup.

Drilling of magnetic geophysical targets is an established method for the
discovery of the known kimberlite pipes in the Attawapiskat cluster. Pele's
current exploration program is designed to drill-test shallow ground
magnetic anomalies within or adjacent to primary structures that appear to
have controlled the emplacement of the diamondiferous kimberlites.

A total of 70 line kilometers of grid has been cut to date straddling the
extension of important structures related to the diamond bearing kimberlite
pipes along strike and within a few kilometers of De Beers' Victor and
Tango kimberlite pipes. Pele's detailed ground magnetic survey has already
identified a range of magnetic targets including relatively strong magnetic
anomalies (similar in magnetic strength to known kimberlites in the
cluster) and more subtle and weaker magnetic signatures (which may
potentially be related to variably altered crater facies kimberlite).

At least 18 diamond-bearing kimberlites have already been discovered in the
cluster, including De Beers' Victor kimberlite pipe which, according to
published information, is advancing towards planned commercial diamond
production in 2007. Pele's Attawapiskat River Diamond Project comprises the
largest 100% owned claim holdings within a 30 kilometre radius of the
Victor pipe. Kimberlite discoveries announced by a number of junior
exploration companies working in the area over the past few years suggest
the possibility that additional kimberlites are likely to be present in the
area.

Pele is a Canadian mining exploration and development company and a leader
in the search for economic diamond and gold deposits in Northern Ontario.
This press release has been reviewed and approved by Dr. Edward Walker P.
Geo., of PetroLogic Inc., an independent consultant and Qualified Person.

For further information please contact Al Shefsky, President at (416)
368-7224, or visit our website at 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. None of the
Company's properties have any known ore body of economic or commercial value.

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To: rdww who wrote (220)1/7/2004 10:09:56 AM
From: rdww
   of 241
 
video of drilling in attawapiskat

pelemountain.com

new pics on the site as well of the atta camp etc

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To: rdww who wrote (220)1/8/2004 9:23:03 AM
From: Letmebe Frank
   of 241
 
Thanks rdww - its great to be able to see what field conditions are like at the drill site, as have the process explained. A kimberlite hit in Attawapiskat would do wonders for GEM's market cap!

LMBF

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To: Letmebe Frank who wrote (222)1/8/2004 1:28:39 PM
From: rdww
   of 241
 
NICKEL drilling starts in Timmins
this shoud be sweet if it hits - nickel is hot and timmins
is hotter

FOR: PELE MOUNTAIN RESOURCES INC.

TSX VENTURE SYMBOL: GEM

JANUARY 8, 2004 - 12:50 ET

Pele Begins Drilling Program on Timmins Nickel Property

TORONTO, ONTARIO--Pele Mountain Resources Inc. (TSX Venture:GEM)
("Pele" or the "Company") is pleased to announce that a drill
program has begun to investigate two strong horizontal loop,
electromagnetic (HLEM) conductors at it's 100% owned Timmins
Nickel Property. The HLEM conductors will be drill tested with a
series of four drill holes that span 600 meters of strike length.

Both conductors extend southward from Pele's northern property
boundary, which ties on to the past producing Texmont Nickel Mine
Property, and is situated approximately 375 metres south of
Texmont's main shaft and approximately 175 metres south of
reported bedrock nickel mineralization within the Texmont
property. Pele's HLEM conductors correlate with the same
stratigraphic horizon as the nickel mineralized zones within the
Texmont property and are located adjacent to bedrock outcropping
of spinifex textured komatiite (an important indicator of
komatiite associated nickel deposits).

Pele acquired this highly prospective nickel property in late
2003 because of strong nickel market fundamentals and the
fortuitous availability of a property that included the
appropriate host rock types situated adjacent to a past producing
mine. Several former and currently producing nickel mines are
hosted within the world-renowned komatiite associated nickel
deposits of the Timmins area. The recent increase in nickel
prices and the construction of a nickel concentrator by
Falconbridge for its Montcalm nickel mine to be on-stream by
2005, has revitalized nickel exploration in the area which has
already lead to an important discovery of nickel mineralization
by Mustang Minerals Corporation.

Any zones of sulphide mineralization intersected in the current
drill program will be assayed for base (nickel, copper and
cobalt) and precious (platinum, palladium and gold) metals. An
additional HLEM survey is currently underway to further delineate
the conductors within Pele's property that appear to extend
beyond the original HLEM survey area.

Pele is a Canadian mining exploration and development company and
a leader in the search for economic diamond and gold deposits in
Northern Ontario. This press release has been reviewed and
approved by Dr. Edward Walker P. Geo., of PetroLogic Inc., an
independent consultant and Qualified Person.

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.
None of the Company's properties have any known ore body of
economic or commercial value.

Common Shares Outstanding: 43,403,014

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Al Shefsky,
President
(416) 368-7224
www.pelemountain.com

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To: rdww who wrote (223)1/8/2004 9:31:29 PM
From: GC
   of 241
 
< timmins
is hotter> very true , depends where u go though :)

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To: GC who wrote (224)1/8/2004 9:55:47 PM
From: rdww
   of 241
 
what area (S) do you hear are hot in timmins?

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To: GC who wrote (224)1/16/2004 1:29:34 PM
From: rdww
   of 241
 
Company believes it could be onto the next Northern diamond find
TIMMINS/The Daily Press
January 14.2004

By Gregory Reynolds

A junior mining company has big dreams as it is seeking nickel south of
Timmins and diamonds at Attawapiskat and Wawa.
Pele Mountain Resources Inc. is drilling on its 100 per cent owned Timmins
Nickel Property. It is also drilling on its 100 per cent owned Attawapiskat
River Diamond
Project.
What may be its best property is 25 kilometres north of Wawa where president
Al Shefsky says ³Pele has discovered an important new source of Canadian
commercial size and gem quality diamonds.²Pele controls a 100 per cent
mineral rights interest in the 101 square km Festival Diamond Property.
During the 2003 winter exploration program, a 13 tonne sample from the
Cristal diamond occurrence returned 39 commercial size diamonds, including a
0.72 carat white gem quality diamond named ³The Big Goose.²
In December, prospector Joe Leadbetter found a 1.39 carat gem quality stone
by panning in the Wawa district.
In July, De Beers Canada Exploration Ltd., the world¹s leading diamond
exploration, mining and marketing company, signed an option and joint
venture agreement that will see it earn an initial 5l per cent participating
interest and to form a joint venture if it spends $10 million by Dec. 31,
2006.
In November, Pele acquired 41 mining claim units 35 kms south of Timmins
tied to the southern boundary of the former producing Texmont Nickel Mine.
³Pele acquired this highly prospective nickel property in late 2003 because
of strong nickel market fundamentals and the fortuitous availability of a
property that included the appropriate host rock types situated adjacent to
a past producing mine,² Shefsky said.
³Several former and currently producing nickel mines are hosted within the
world-renowned komatiite associated nickel deposits of the Timmins area.
³The recent increase in nickel prices and the construction of a nickel
concentrator by Falconbridge for its Montcalm nickel mine to be on-stream by
2005, has revitalized nickel exploration in the area which has already led
to an important discovery of nickel mineralization by Mustang Minerals
Corporation.²
At Attawapiskat, where De Beers is expected to announce Ontario¹s first
diamond mine in May, Pele¹s drilling is to test targets identified in the
on-going ground geophysics program it announced in October and December.
Drilling of magnetic geophysical targets is an established method for the
discovery of the known kimberlite pipes in the Attawapiskat cluster.
At least 18 diamond-bearing kimberlites have already been discovered in the
cluster, including De Beers¹ Victor kimberlite pipe which, according to
published information, is advancing toward planned commercial diamond
production in 2007.
Pele¹s Attawapiskat River Diamond Project comprises the largest 100 per cent
owned claim holdings within a 30 kilometre radius of the Victor pipe.
Kimberlite discoveries announced by a number of junior exploration companies
working in the area over the past few years suggest the possibility that
additional kimberlites are likely to be present in the area, he said

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To: GC who wrote (224)2/4/2004 1:45:19 AM
From: rdww
   of 241
 
Kaiser calls GEM aggresssive in Atta at Vancouver conference

"Another well-regarded junior, Pele Mountain Resources Inc. (TSX.V: GEM), is however moving along a much more aggressive timeline in Attawapiskat than the notoriously methodical Fipke. Pele Mountain is presently drilling some magnetic targets in the hope that Fipkeā€™s theory is far from watertight. Kaiser likes Pele Mountain as a long shot that could surprise everyone with one or more diamondiferous kimberlite discoveries in early 2004. "

excerpted from:

smallcapmedia.com

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To: GC who wrote (224)2/9/2004 10:56:07 AM
From: rdww
   of 241
 
NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PELE MOUNTAIN RESOURCES INC.

TSX VENTURE SYMBOL: GEM

FEBRUARY 9, 2004 - 10:45 ET

Pele Mountain Discovers Gold Near Timmins

TORONTO, ONTARIO--Pele Mountain Resources Inc. (TSX Venture:GEM)
("Pele" or the "Company") is pleased to announce that gold
mineralization was intersected during its recent drill program
within its 100% owned Timmins Property, located 35 kilometres
south of Timmins. A limited suite of split core from zones of
alteration and deformation clearly indicate that the recent drill
program intersected significant concentrations of gold. The gold
mineralization is coincident with a ground horizontal loop
electromagnetic (HLEM) conductor that has been outlined within
Pele's Timmins Property to extend for more than 1.6 kilometres.

Selected samples of halved core were collected across relatively
narrow segments within different zones and submitted for assay to
SGS Lakefield Research Limited with a secure chain of custody.
All samples were of split core and only a limited number of
samples were collected from zones that were perspective for gold
mineralization. Assays of the more significant gold results are
summarized in the table below and additional sampling of the four
drill holes will be completed to gain a more thorough
understanding of the gold potential.

/T/

---------------------------------------------------------------------
Hole Line Sample # From To (m) Width
(m) (m) Au g/t
---------------------------------------------------------------------
PM-03-03 3+00S 3725 132.38 133.50 1.12 0.21
---------------------------------------------------------------------
PM-03-03 3726 133.50 134.41 0.91 4.55
---------------------------------------------------------------------

---------------------------------------------------------------------
PM-03-03 3727 134.85 135.98 1.13 0.16
---------------------------------------------------------------------
PM-03-03 3728 135.98 137.59 1.61 0.03
---------------------------------------------------------------------
PM-03-03 3729 137.59 138.56 0.97 0.67
---------------------------------------------------------------------
PM-03-03 3730 138.56 138.95 0.39 0.09
---------------------------------------------------------------------
PM-03-03 3731 138.95 139.68 0.73 1.04
---------------------------------------------------------------------
PM-03-03 3732 139.68 141.06 1.38 0.29
---------------------------------------------------------------------

---------------------------------------------------------------------
PM-03-04 7+00S 3765 142.45 143.00 0.55 1.67
---------------------------------------------------------------------
PM-03-04 3766 143.00 143.60 0.60 0.29
---------------------------------------------------------------------
PM-03-04 3767 143.60 144.51 0.91 0.12
---------------------------------------------------------------------

---------------------------------------------------------------------
PM-03-04 3773 147.45 148.10 0.65 0.13
---------------------------------------------------------------------
PM-03-04 3774 148.10 148.80 0.70 1.47
---------------------------------------------------------------------
PM-03-04 3775 148.80 149.12 0.32 0.41
---------------------------------------------------------------------
PM-03-04 3776 149.12 149.61 0.49 0.18
---------------------------------------------------------------------

/T/

The drill program was originally designed to test the HLEM
conductor that extended southward from the Texmont Nickel Mine
onto Pele's Timmins Property. The HLEM conductor closely
correlates with the basal contact of ultramafic flows that
include spinifex textured komatiite and economic concentrations
of nickel sulphide mineralization on the Texmont property to the
north.

The drilling program completed by Pele has demonstrated that the
HLEM conductor is coincident with gold mineralization and a
limited amount of nickel mineralization was also identified in
samples assayed to date. Spinifex textured komatiites and
ultramafic rocks with disseminated sulphides and massive sulphide
(pyrrhotite and pyrite) were intersected during drilling. Nickel
mineralization within these zones varied from below detection
limit ( less than0.05 weight percent) up to 0.22 weight percent
nickel.

Pele is a Canadian mining exploration and development company and
a leader in the search for economic diamond and gold deposits in
Northern Ontario. This press release has been reviewed and
approved by Dr. Edward Walker P. Geo., of PetroLogic Inc., an
independent consultant and Qualified Person.

Common Shares Outstanding: 43,403,014.

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.
None of the Company's properties have any known ore body of
economic or commercial value.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Pele Mountain Resources Inc.
Al Shefsky
President
(416) 368-7224
info@pelemountain.com
www.pelemountain.com

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