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Peloton’s 35 square kilometre ground position in northeastern
Airborne hyperspectral data that the Company holds over the entire NELP project area was re-examined in 2023 for potential lithium bearing clays (smectite, hectorite, illite, others), and showed clay outcrops of interest across the NELP project area. Initial ground truthing of the airborne hyperspectral data occurred in late 2023 with surface hyperspectral sampling corroborating the airborne survey data. Twenty-two areas were selected from the airborne hyperspectral data for field examination and sampling by a handheld spectrometer. Twenty of the areas examined returned a spectral response indicating the presence of smectite and will now undergo detailed geochemical and mineralogical analysis.
A map accompanies this release showing the outline of claims held by Peloton and Surge, along with hyperspectral data over Peloton’s claim block showing clay outcrops across the project area.
Smectite and illite clays are the predominant lithium bearing minerals at
The Company plans to conduct additional ground exploration work in the first and second quarters of 2024 including geophysical surveys, continued geochemistry work and shallow packsack core drilling. The Company continues to work with
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President & CEO 1-519-697-2313
Peloton is a reporting issuer in good standing in the Provinces of
Peloton’s exploration portfolio includes the
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the
Such statements include, among others, those concerning the Company’s plans for exploration activity and to conduct future exploration programs.Such forward-looking information or statements are based on a number of risks, uncertainties, and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to initiate and complete future exploration work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s future exploration work; technical, safety or regulatory issues; availability of capital; changes in general economic conditions and financial markets; the imposition of government restrictions on business which may ultimately affect and delay the exploration timeline; and changes in prices for metals that the Company is exploring for.
Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
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Copyright (c) 2024 TheNewswire - All rights reserved., source