Peloton Receives Airborne Geophysical Results Prior to Upcoming Drilling Program at the North Elko Lithium Project, Nevada

Core Insights - Peloton Minerals Corporation has received results from an airborne geophysical survey on its North Elko Lithium Project (NELP) in northeastern Nevada, which will aid in selecting drill locations [1][4] - The airborne geophysical data indicates the presence of high-angle faults and structures that align with surface mineral deposits, supporting the potential for lithium exploration [2][3] Survey Details - The airborne survey was a high-resolution, fixed-wing geophysical survey that recorded Horizontal Magnetic Gradient, Radiometric (gamma ray), and VLF-EM resistivity data over NELP and surrounding areas, covering a total of 535.5 line kilometers [3] - The survey included 63 north-south traverse lines at 200-meter spacings and 5 east-west control lines at 2,000-meter intervals, complementing previous hyperspectral imaging surveys [3] Project Context - NELP is located adjacent to a high-grade lithium deposit discovered in 2023 by Surge Battery Metals and spans approximately 37 square kilometers (14.25 square miles), fully owned by Peloton with no royalties [4] - The exploration work conducted by Peloton includes various surveys and analyses, such as airborne hyperspectral surveys, soil geochemistry over a 32 square kilometer grid, and XRD analysis on over 1,000 surface samples [4] Future Plans - Peloton plans to commence drilling at NELP later this month and will provide further announcements regarding the drilling program [5]