Peloton Minerals Advancing Carlin-Style Exploration Targets in Nevada

Peloton Minerals (CSE:PMC,OTCQB:PMCCF) is developing three gold exploration projects in Eastern Elko County, Nevada. The projects—Independence Valley, Golden Trail and Texas Canyon—all host Carlin-style deposits and are being set up for further development in 2019.

In a recent interview with Global Business Reports, Peloton Minerals President and CEO Ted Ellwood provided insight into the work that has been done at each of the projects. The Independence Valley project, which is subject to a joint venture with Kinross Gold (TSX:K), saw extensive geological mapping, soil geochemistry sampling and geophysics in the latter part of 2018. For its other two projects, the company is developing new or updated 43-101 technical reports that will consolidate the data on each of the properties.

In discussing how his company differs from others in the junior mining landscape, Ellwood indicated that Peloton Minerals has an advantage when it comes to project selection. “…We are strictly looking for projects that we feel a major mining company would want to get involved with after we have assembled the package and added initial value through solid technical, geologic and geo­physical work,” he said. “It is a very strict focus and once we have the current Nevada projects further along, we will then look to expand further by adding projects either in Nevada or other countries.”

Ellwood also discussed the company’s projects outside of Nevada as well as the experience of being listed on the Canadian Stock Exchange (CSE). He wrapped up the discussion by addressing the company’s catalysts for the next year, which include more results from Kinross’ fieldwork, the updated technical reports for Golden Trail and Texas Canyon, as well as discussions on potential joint ventures for the latter two projects.

Click here to read the full interview.

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