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Peloton Minerals Corporation (PMC; PMCCF) has announced the staking of an additional 27 mineral claims at its 100%-owned North Elko Lithium Project (NELP) in northeastern Nevada. This expansion brings Peloton’s total ground position to 444 mineral claims, covering about 37 square kilometers.
Additional Claims for Lithium Exploration
The new claims extend to the eastern boundary of NELP, following analysis of hyperspectral data and further ground examination. This area is also adjacent to Surge Battery Metals, which discovered a significant lithium deposit alongside Peloton’s NELP.
Exploration Program Details
Peloton is currently conducting a comprehensive exploration program at NELP. This includes geochemical sampling over a 35-square-kilometer grid, geological mapping, spectrometer prospecting, XRD minerology analysis, airborne geophysics, and shallow packsack drilling. The company is also permitting for deeper drilling as part of the program, expected to continue through summer and fall.
Company Leadership Commentary
Peloton President and CEO Edward (Ted) Ellwood stated, “We are pleased with the early progress and the initial data received. We look forward to achieving many important milestones in the coming seasons.”
About Peloton Minerals Corporation
Peloton Minerals Corporation is a reporting issuer in British Columbia and Ontario. Its common shares are listed on the CSE (PMC) and trade in the U.S. on the OTCQB (PMCCF). The company holds 136,598,705 common shares issued and outstanding. Peloton’s portfolio includes the North Elko Lithium Project, a gold exploration project on the Carlin Trend, Nevada, a past-producing gold project in Montana, and a non-controlling interest in a copper porphyry project near Butte, Montana.
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