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Peloton Minerals Corp.
Summary
| Project: | Golden Trail | |
|---|---|---|
| Deposit: | Golden Trail | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/9/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2020: Peloton Minerals Corp. announces an Exploration/Drilling Update report for its Golden Trail deposit at the Golden Trail project. Drilling gold assays up to 0.092g/t Au. London, Ontario – Peloton Minerals Corporation (“Peloton” or the “Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Capps (Not stated) | |
| ABSTRACT: | London, Ontario – Peloton Minerals Corporation (“Peloton” or the “Company”) (CSE Symbol: PMC) (OTCQB Symbol: PMCFF) advanced all four of the Company’s gold exploration projects during 2019 and all four projects and are recommended for follow-up exploration programs in 2020. Three of the projects are located in Elko County, Nevada and one project is in the Virginia City Mining District, Montana with the 2019 exploration results and 2020 plans provided in alphabetical order of the project as below. Golden Trail Project, Nevada – In late 2019, Peloton conducted 1,213 feet of core drilling with 11 holes completed to an average depth of 65 feet and average length of 110 feet each from one of eleven drill pads covering a strike length of 300 feet and width of about 110 feet along a 310 degree azimuth. Ten of the holes were drilled in two rows of five drill holes forming five panels of scissored drill holes with - 45 degree inclination and opposing 220 and 40 degree azimuths. All holes contained gold and silver mineralization, typically from the top to the bottom of the hole with 82% of the tested footage and 75% of the samples above the gold detection limit. Gold assays (ALS Minerals fire assay with AAS finish) above the detection rate ranged from 0.005 grams per tonne (g/t) to 0.092 g/t with Silver assays ranging from 0.5 g/t to 74.8 g/t. | |
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