Northwire Canada EditionSaturday, November 14, 2026
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Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%
Drill Results

Peloton Minerals starts drilling program at North Elko

By The Northwire Desk — AI Analysis Nov 18, 2025 · 17:48 PMC · 0.10 Peloton Minerals Corp
PMC · Price

Executive Summary

  • Peloton Minerals Corp. has commenced its maiden drilling program at the North Elko Lithium Project (NELP) in northeastern Nevada.
  • The initial phase involves four widely spaced holes to test subsurface lithium-bearing claystone layers and other critical minerals.
  • The project is located adjacent to a high-grade lithium deposit discovered by Surge Battery Metals in 2023 and is 100% owned by Peloton with no royalties outstanding.

Key Details

  • Drilling Program Scope: Four widely spaced holes will be drilled to a depth of approximately 500 feet each.
  • Objective: To test the orientation, stratigraphy, and potential mineralization contained within clay layers at four specific drill locations.
  • Hole Spacing: Holes are spaced approximately 7 kilometers (4.3 miles) apart on the northeast-southwest axis and 3.5 kilometers (2 miles) apart on the northwest-southeast axis.
  • Timeline: Drilling is expected to take about three weeks, with assays taking approximately six weeks after drilling is complete.
  • Target Area: The overall target area is approximately 30 square kilometers (11.5 square miles), identified through systematic surface exploration over the past two field seasons.
  • Permits and Infrastructure: Peloton holds two drilling permits and has 24 permitted drill pad locations for follow-on programs. All pads are located beside existing roads to minimize environmental disturbance.
  • Project Ownership: NELP is 100% owned by Peloton with no royalties outstanding.
  • Project Size: The NELP property is approximately 37 square kilometers (14.25 square miles).
  • Prior Exploration Work: Includes airborne hyperspectral survey, airborne magnetics, radiometric and VLF-EM surveys, geologic mapping, soil geochemistry over a 32-square-kilometer grid, prospecting, XRD analysis on over 1,000 surface samples, and surface tTEM geophysics.
  • Strategic Context: NELP is located immediately adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals.

Notable Quotes

  • "We are pleased to reach the initial drilling stage after extensive surface work, and are excited about getting the drilling program under way." — Edward (Ted) Ellwood, President and CEO
Read the original news release →

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Peloton Minerals Closes Financing to Fund Nevada Lithium Drilling Amidst Dilution Concerns

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Drill Results Mar 13, 2026 · 19:07

Peloton corrects cesium assay disclosure in Jan. 28 NR

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Peloton Clarifies Certain Assay Results.

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