Peloton Minerals ( (TSE:PMC) ) has issued an announcement.
Peloton Minerals Corporation has concluded an 18-month exploration program at its North Elko Lithium Project in Nevada, revealing promising results that encourage further drilling for a potential district-scale lithium deposit. The exploration included various techniques such as hyperspectral imaging and soil geochemistry, identifying significant lithium anomalies and clay-rich layers across the property. This development follows a significant lithium discovery by Surge Battery Metals nearby, prompting Peloton to expand its claims and prepare for drilling in spring 2025, potentially enhancing its position in the lithium market.
More about Peloton Minerals
Peloton Minerals Corporation is a company involved in the exploration and development of mineral resources, with a focus on lithium deposits. The company operates primarily in the mining industry and is engaged in identifying and developing potential mineral-rich properties.
YTD Price Performance: -6.25%
Average Trading Volume: 63,159
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$10.4M
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