Drilling Permits Approved For North Elko Lithium Project

LONDON, ON – Peloton Minerals Corporation has received approval from the US Bureau of Land Management (BLM) for two drilling permits within the boundaries of the 442-mineral claim, 37 square kilometer or 14.25 square mile, North Elko Lithium Project (NELP) located in northeastern Nevada.

A total of 24 drill pads are approved under the permits, and additional drill pads could be added, subject to approval by BLM. One drilling permit covers the eastern part of NELP and the second permit is over the central and western portions of NELP. Each drilling permit is limited to a maximum disturbance area of 5 acres (10 acres total), as calculated under BLM formulas, with 5.12 acres of total disturbance area taken up by the present drilling plan and pads between the two permits.