Pele pulls gold at Wawa

Bulk sampling at the Wawa gold project in northern Ontario has returned encouraging results for Pele Mountain Resources (PELE-C).

The average grade for 9,260 tonnes was 4.93 grams gold per tonne. Another 720 tonnes are to be treated by year-end.

The samples were milled at the nearby Golden Giant mine of Battle Mountain Gold (BMC-T). The major has paid $282,425 so far, with a second payment expected in early December.

Pele is focusing on a portion of a 10-to-15-metre-wide shear zone that stretches across its property for 3.5 km and is characterized by low-grade mineralization enclosed by higher grades. The deformation zone also hosts the Edwards gold deposit of Vencan Gold (VCG-M), immediately to the west.

Results from the remaining batch have yet to be released.

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