Maiden Drilling Program Commences On North Elko Lithium Project

ONTARIO – Peloton Minerals Corporation announced that the maiden drilling program has commenced on the North Elko Lithium Project (NELP) located in northeastern Nevada. The exploration drilling targets subsurface lithium-bearing claystone layers and potentially other critical minerals. The overall target area is about 30 square kilometers (11.5 square miles) in dimension and has been identified through a series of systematic surface exploration programs conducted over the past two field seasons.
Four widely spaced holes will be drilled in this initial program to a depth of about 500 feet each, to test the orientation, stratigraphy and potential mineralization contained within clay layers at the four drill locations. The four holes will be spaced about 7 kilometers (4.3 miles) apart on the NE-SW axis and about 3.5 kilometers (2 miles) apart on the NW-SE axis.  A map accompanies this release showing the approximate drill hole locations.  Drilling is expected to take about three weeks and assays will take about another six weeks after drilling is complete.
Peloton holds two drilling permits over the property and presently has 24 drill pad locations permitted for follow-on programs. All drill pads are located beside existing roads to minimize environmental disturbance, and more drill pads could be added as programs proceed.
President and CEO, Edward Ellwood, said, “We are pleased to reach the initial drilling stage after extensive surface work, and are excited about getting the drilling program underway.”