Critical & Rare-Earth Element Minerals Identified At Surface On North Elko Lithium Project

ONTARIO – Peloton Minerals Corporation reported that in addition to lithium-bearing minerals (21 lithium-bearing species – 19 magmatic and 2 clays), X-Ray Diffraction (XRD) analyses have shown the presence of additional critical and rare-earth minerals at surface on the Company’s 100% owned North Elko Lithium Project (NELP) in northeastern Nevada. XRD analysis has been completed on a total of 1046 samples taken across the surface of the 37 square kilometer property including samples from soils and outcrops.
Notable critical element bearing minerals identified include: pollucite, petalite, and lepidolite. These are cesium, rubidium or lithium-bearing minerals.
Rare earth minerals identified include: polycrase, thomasclarkite, and fergusonite.
The plotting of this data is ongoing; however, on a preliminary basis these minerals are well distributed across the entire property hosted by highly fractioned rhyolite tuffs, as defined by their mineralogy (54 minerals associated with alkaline magmas), which are interbedded with zeolite-rich lacustrine sediments in an alkali paleolake (ancient lake) environment.
Mr. Edward (Ted) Ellwood, President and CEO commented, “This project has now become a multi-element exploration project with the potential for not only discovery of lithium, but also critical and rare earth minerals.”