North Elko Lithium Project
The North Elko Lithium Project (NELP) is located about 70 kilometers north-east of Wells, Nevada, and consists of 408 mineral claims (8,160 acres or 1,500 hectares) in three contiguous claim blocks, Texas Canyon, Emigrant Springs and Golden Trail. Immediately adjacent and tied onto the Company’s most western claim block (Texas Canyon) Surge Battery Metals Inc. (Surge) has reported to have made a new lithium discovery in clays and is actively exploring its claim block.
Using hyperspectral minerology mapping technology, Peloton has identified smectite, hectorite and illitic clays in outcrop on all three of its NELP claim blocks. Smectite, hectorite and illitic clays are the predominant lithium bearing minerals at Thacker Pass within the McDermitt Caldera in western Nevada which is the largest known measured and indicated lithium resource in the United States.
The Company is planning a number of ground exploration programs and drilling of the smectite, hectorite and illite outcrops. The Company has retained IBK Capital Corporation of Toronto to source lithium exploration capital.
Ground Position – Peloton and Surge Battery Metals
Geology Map and Claim Outline
The Texas Canyon claim block is also prospective for uranium, molybdenum and gold. Texas Canyon was featured at the 2022 Geologic Society of Nevada Symposium. Click here for Texas Canyon.
The Golden Trail claim block is also prospective for gold and silver. Golden Trail was featured at the 2015 Geologic Society of Nevada Symposium. Click here for Golden Trail.
Images below are from staking the Emigrant Springs claim block in September and October, 2023.