MINING – Peloton Confirms Lithium Discovery at North Elko Project
📌 THE GIST: Peloton Minerals Corporation announced successful results from its maiden drilling program at the North Elko Lithium Project, confirming lithium mineralization in all four exploration holes and validating a basin-scale lithium system in northeastern Nevada.
🔍 THE DETAILS:
- Best Interval: 155 feet averaging 618 ppm lithium, with peaks up to 1,155 ppm
- Success Rate: Lithium found in all 4 drill holes, starting at 20-25 feet depth
- Sample Results: 89% of 352 five-foot samples returned anomalous to strongly anomalous lithium
- System Size: 7 km x 3.5 km lithium-bearing claystone package
- Bonus Minerals: Cesium averaging 77 ppm and rubidium averaging 121 ppm across all samples
- Location: Project borders Surge Battery Metals’ Nevada North project (highest-grade lithium clay deposit in USA)
CONTEXT: This is the follow-up to Peloton’s November 2025 drilling program, which The Elko Brief reported on January 18. The results validate the geological model for the North Elko project and position Elko County as a potential hub for critical battery minerals beyond traditional gold mining. With lithium demand driven by electric vehicle production, successful exploration could bring new mining jobs and economic diversification to the region.
🔗 SOURCE: TheNewsWire
THE SPARK: Is lithium mining the future of Elko County’s economy alongside gold? Share your thoughts → fb.com/groups/640606729076974