Canada: Pele Mountain Discovers New Mineralized Zones, Expands Others, at East Highland Gold Project.

Byline: manish03

Pele Mountain Resources Inc. announced today that a recently completed mechanical stripping program has resulted in the discovery of new mineralized zones, and the expansion of others, at its East Highland gold property in Northern Ontario. Results will be used to finalize drill locations for a planned upcoming core drilling program. East Highland is 100-percent owned by Pele Gold Corporation, a wholly owned subsidiary of the Company.

Al Shefsky, President and CEO of Pele stated, "We've enjoyed an exceptionally successful field season at our Highland gold properties, discovering and expanding several well-mineralized zones at East Highland in geological settings similar to historic and currently producing gold mines in the area. We are particularly excited about the Haystack and Macallan gold zones, which have been expanded substantially in the mechanical stripping program and exhibit outstanding potential to host significant gold deposits.

Following the receipt of channel sampling assays, we will launch a drill program at East Highland that will continue into winter. With outstanding local infrastructure, including three nearby modern gold mills, Pele management believes there is excellent potential to establish revenue generating operations at East Highland."

Following the first systematic exploration program since the 1940s, the shear system at Haystack, which occurs in a mixed sedimentary / volcanic package, has been exposed intermittently over an 830-metre strike length and remains open in both directions along strike, with widths from a few metres to over 15 metres. Reconnaissance sampling of old overgrown trenches, by Pele earlier this field season (16 samples) returned gold values from non detect ("ND") to 9.3 g/t, while historic data includes two chip samples assaying 19.0 g/t and 18.1 g/t gold over 1.8 metres each, along with a grab sample of 44.5 g/t gold.

The Macallan occurrence, in mafic volcanics, was first explored by Pele in 2004, with initial grab samples returning gold values from ND to 57.7 g/t Au. Grab samples taken this field season have returned gold values from ND to 12.6 g/t. Recent mechanical stripping has resulted in the discovery of a system of multiple, parallel, quartz veins in the shear zone, which has now been exposed intermittently over a 560-metre strike length, remaining open to the east and west, with widths from a few metres to 18 metres. A possible offset extension of the zone has been exposed by stripping and also remains open along strike.

The Lone Ranger occurrence, in a quartz porphyritic felsic unit approximately 40 metres in width, which extends over a 160-metre strike length, remains open along strike. Three cut channel samples, totaling 30.3 metres, covering 90 metres of strike length, gave values up to 34 g/t over 2 metres, with others from ND to 1.9 g/t over 2-metre lengths. Higher grade samples are associated with widespread stockwork quartz veining carrying visible gold.

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