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Revision History For: Pele Mountain

02 Nov 2001 04:58 PM <--
01 Feb 2000 12:03 PM

Return to Pele Mountain
Pele Mountain Resources Inc
symbol: YPN.cdnx

Pele started out as a gold stock - 2 properties of note - Markes in Wawa and Ardeen in Thunder Bay - then they found diamonds in one of thier cores from the gold camps in wawa so they got some more land and in 2001 underwent a significant exploration program that has now delineated 5 separate diatremes that have all produced diamonds. The gems in the camp right now are the CRISTAL and DOM PERIGON.
All signs are indicating that this could very well be an economic diamond camp. Good results from the 100t's that DeBeers' is processing for Pele from Cristal could blow Wawa wide one as the costs required to start a mine in Wawa will be very very low.