Peloton Minerals Corp. reports that the project option partner is presently conducting a geophysical program on the Company's SBSL Gold Project in Montana consisting of magnetic and resistivity/induced polarization surveys. The stated purpose of the program is to attempt to identify and define additional sulfide-bearing gold veins or other mineralization and establish drill targets. The SBSL Gold Property hosts two past [...]
Peloton Minerals Corp. has received subscriptions for a private placement totaling CDN$456,866.76 and consisting of 7,614,446 units priced at CDN$0.06 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.10. Proceeds of the financing will be used for working capital. For further information please contact: Edward Ellwood, MBA President & CEO [...]
Peloton Minerals Corp. has: 1.) modified the expiry time of certain outstanding warrants of the Company held by previous private placement investors as follows: 1,301,225 warrants exercisable at a price of CDN$0.15 until 5:00 pm on December 6, 2021 are now exercisable until 5:00 pm on December 6, 2023; and 2.) entered into an agreement to retain Steven Klein of Montreal, Quebec phone 514-591-3307 and email [...]
Peloton Minerals Corp. reports that an updated NI 43-101 Technical Report on the Company's SBSL epithermal gold exploration project, MT has recently been filed and published on SEDAR by the project option partners, Frederick Private Equity Corporation and African Metals Corp. This filing was made as part of a successful application by African Metals to become a TMX Venture Tier 2 Issuer and has also now also been filed on [...]
Peloton Minerals Corp. has reached an agreement to acquire 100% of the issued and outstanding shares of privately held Westmount Resources LLC through its wholly owned subsidiary, Celerity Mineral Corp. Westmount holds a 100% interest in 331 unpatented mineral claims called the Boulder Porphyry Property located near Butte, Montana. The shareholders of Westmount will be issued 50% of the issued and outstanding shares of [...]
Peloton Minerals Corp. has received subscriptions for a private placement totaling CDN$122,500 and consisting of 1,633,334 units priced at CDN$0.075 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.125. $102,500 of the Private Placement was subject to a finder's fee payable to arms length parties. The finder's fee consisted of CDN$5,125 in cash [...]
Peloton Minerals Corp. is pleased to announce that it has received a drilling permit for the Texas Canyon Project, Nevada from the US Bureau of Land Management and has posted the required reclamation bond. Texas Canyon is comprised of a 909-acre claim package located in Elko County on the northeastern margin of the Long Canyon Gold Trend, about seven km west of the Company's Golden Trail Project, and about 55 kilometers [...]
Peloton Minerals Corp. reports that a 2,100 foot reverse circulation twelve hole drilling program conducted earlier this year at the Company's Golden Trail Project in Elko County, NV has confirmed that a series of hydrothermal alteration anomalies identified at surface by airborne hyperspectral analyses extend to at least a vertical depth of 195 feet, with high temperature hydrothermal alteration minerals intersected in [...]
Peloton Minerals Corp. has modified the expiry time of certain outstanding warrants of the Company held by previous private placement investors as follows: 1,160,000 warrants exercisable at a price of CDN$0.15 until 5:00 pm on July 17, 2021 are now exercisable until 5:00 pm on July 17, 2023. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton Minerals Corp. is a reporting [...]
Peloton Minerals Corp. has closed a private placement totaling CDN$200,100 and consisting of 2,668,000 units priced at CDN$0.075 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.125. The Private Placement was subject to a finder's fee payable to an arms length party. The finder's fee consisted of $16,008 in cash and 213,440 brokers warrants with each [...]
Peloton Minerals Corp. is pleased to announce that it has received a drilling permit for the Independence Valley Project, Nevada from the US Bureau of Land Management and has posted the required reclamation bond. Peloton is presently conducting a 2,400 foot reverse circulation drilling program at its Golden Trail Project, Nevada, and is also preparing an application for a drilling permit on its Texas Canyon Project [...]
Peloton Minerals Corp. announces that its drilling contractor is now mobilizing to the Company’s Golden Trail Project in Nevada to complete a 2,400 foot reverse circulation drilling program consisting of about 12 drill holes. This program will target a series of coincident surface anomalies where geology, mineralogy, geochemistry and geophysics intersect to suggest these targets. Golden Trail is a gold exploration [...]
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