Peloton Minerals Corp (OTCQB:PMCCF) (CSE:PMC) CEO Ted Ellwood talked with Proactive’s Angela Harmantas at the PDAC conference on Toronto about the company’s lithium exploration efforts in northern Nevada. He discussed the North Elko project, where Peloton has expanded its claims from 44 to 442, covering a 37 square kilometer area.

Ellwood highlighted that a neighboring discovery by Surge Battery Metals in 2023 prompted Peloton to re-evaluate its geology, leading to the conclusion that a major lithium-bearing clay deposit could extend onto its property. The company has conducted successful surface programs and is now preparing to drill in the spring and summer.

Peloton plans to use air core drilling, a low-disturbance method, to test for lithium mineralization across its large property. Initial drilling will cover 2 to 3 meters in the first phase, with up to 30 drill pads permitted for further exploration. The goal is to confirm the scale of the deposit before moving toward economic assessments.

Ellwood emphasized that the upcoming drill program is all about confirming the size and extent of the lithium deposit. Investors can expect further updates as the drilling progresses.