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Peloton Minerals Corp.
Summary
| Project: | Silver Bell St. Lawrence | |
|---|---|---|
| Deposit: | Silver Bell St. Lawrence | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/27/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2020: Peloton Minerals Corp. announces an Exploration/Drilling Update report for its Silver Bell St. Lawrence deposit at the Silver Bell St. Lawrence project. Drilling results incl. 0.61m @ 34.4g/t Au, 130.5g/t Ag from 48.5m. London, Ontario – Peloto | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Childs (Not stated) | |
| ABSTRACT: | London, Ontario – Peloton Minerals Corporation (“Peloton” or the “Company”) (CSE Symbol: PMC) (OTCQB Symbol: PMCFF) and joint venture partners Frederick Private Equity Corporation and African Metals Corporation (collectively Frederick/African Metals) have received an encouraging report from the project geologist on drilling completed in late 2019 at the Company’s Silver Bell St. Lawrence Project (“SBSL”) in Montana. Frederick/African Metals may earn up to a 75% interest in the SBSL project by spending US$2,000,000, including the funding of this past drilling program. This was the first drilling program conducted on SBSL by the Company or by Frederick/African Metals, with a total of 2,111.5 feet of core drilling being completed in 12 holes sited east and west along strike from the headframe of the former St. Lawrence mine (see photo below). The holes were designed to test the depth, extent, thickness, and grade of the vein system that was worked previously on at least two levels from an inclined shaft at the headframe. In addition, geologic mapping was conducted as well as surface sampling of veins, wall rocks and dumps. | |
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