Pele Mountain positive for Whitefish!
Destiny Yields Commercial Size Diamond
2/14/01
PELE MOUNTAIN RESOURCES INC ("YPN-V;PMNH-L") - Destiny Yields Commercial Size Diamond
Pele Mountain Resources Inc. ("Pele") is pleased to announce the results of a bulk sample mined from the Destiny Showing, at Pele's Festival Property, 25 kms north of Wawa, where Pele controls a 100% exclusive interest in the mineral rights. Lakefield Research Limited has reported to Pele that a total of 55 macro diamonds ranging in size from 0.51 mm to 2.65 mm have been recovered. The bulk sample consisted of 7.5 tonnes (dry weight) of weathered and unweathered xenolith-bearing lamprophyre bedrock.
The biggest diamond measured 2.65 x 2.39 x 2.09 mm and weighed 0.10 carats. Seventy three percent (73%) of the macro diamonds were described as white and ninety three percent (93%) of the white macro diamonds were described as transparent. Most of the macro diamonds displayed greater than 85% preservation of primary crystal faces. Five of the macro diamonds were white, transparent octahedral diamonds that displayed greater than ninety nine percent (99+%) preservation.
According to Al Shefsky, President and Chief Executive Officer of Pele, "We are very encouraged by the results from Pele's first exploration bulk sample at the Festival Property. These results have exceeded our expectations. This sample establishes that Pele's Destiny Showing contains commercial size diamonds".
Pele is a mining and exploration resource company which owns or has exclusive mineral rights in more than 12,000 acres in the active Wawa diamond exploration area. Pele also owns a 100% interest in two gold projects in northwestern Ontario with established resources and a history of successful gold mining. Pele is in the business of acquiring mineral resource properties in Canada and carrying out mineral exploration and development thereon in search of economic deposits of diamonds, gold and other precious metals and minerals.
For further information contact Al Shefsky, President at (416) 368-7224, or visit our website for complete details of the final Certificate of Diamond Recovery from Lakefield Research Limited at www.pelemountain.com. TEL: (416) 368-7224
Al Shefsky, President |
