GT Permit Approval and Drilling
PELOTON MINERALS CORPORATION
NEWS RELEASE
November 17, 2020 CSE SYMBOL: PMC
OTCQB Symbol: PMCCF
Peloton to Drill Coincident Anomalies
at Golden Trail Project, Elko County, Nevada
London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE
Symbol: PMC; OTCQB Symbol: PMCCF) has completed an amendment to an existing
drilling permit enabling it to drill a series of coincident anomalies identified a t the Company ’s
Golden Trail Project in Elko County, Nevada (“Golden Trail”) . Twenty-four hundred (2,400)
feet of reverse circulation drilling is planned for December, 2020 or about 12 drill holes.
Golden Trail is a gold exploration prospect that has a Carlin-style alteration mineral assemblage
associated with anomalous gold. The prospect is 100% owned by Peloton, comprises 990 acre s,
and is located on the NE margin of the Long Canyon Gold Trend about 80 km north east of
Wells, Nevada and about 80 km north of the Long Canyon Newmont-Barrick joint venture.
A map of the property and drill target areas accompanies this release. The anomalies being
drilled in this program are coincident, in that geology, mineralogy, geochemistry and geophysics
intersect to suggest these targets.
A major gravity anomaly underlies Golden Trail as shown on the accompanying map. This is
derived from a regional USGS survey and the gravity anomaly is interpreted by the USGS to be
a shallow pl uton or magmatic intrusion. A more recent detailed Peloton gravity survey shows a
change in gradient along the western boundary of the NW striking gravity anomaly and a series
of coincident surface hydrothermal alteration anomalies have been identified thro ugh
hyperspectral airborne and surface technology and geochemical sampling. These anomalies
occur in the hanging wall of NW striking and NE dipping high -angle normal faults, are high in
ammonia il lite and alumina il lite which are often associated with Carl in-style deposits , and
geochemistry shows elevated pathfinder elements and gold mineralization.
Drilling will be in December, 2020 with the exact timing to be determined by the drill contractor.
The Company has also initiated the permitting process for its two other projects in Elko County,
Nevada and hopes to have all three projects permitted for drilling by the spring of 2021. Further
announcements will be made as the Company moves forward.
For further information please contact:
Edward (Ted) Ellwood, MBA
President & CEO 1-519-964-2836
Richard C. Capps, PhD, is the qualified person responsible for approving the technical
information contained within this release.
Peloton Minerals Corporation is a reporting issuer in good standing in the Province of Ontario
whose common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC
QB (Symbol: PMCCF). There are 100,780,914 common shares issued and outst anding in the
capital of the Company.
Peloton owns three gold exploration projects located in Elko County, Nevada , and one gold
exploration project in Montana, USA which is now under option to Frederick Private Equity
Corporation and African Metals Corporation.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws)
and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995).
Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend",
"potential", "estimate", "propose", "project", "ou tlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook.
Such statements include, among others, those concerning the Company’s plans for exploration activity and to
conduct future exploration programs. Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other expectations to differ materially from those
anticipated and which may prove to be incorrect. Assumptions have been m ade regarding, among other things,
management's expectations regarding its ability to initiate and complete future exploration work as expected. Actual
results could differ materially due to a number of factors, including, without limitation, operational r isks in the
completion of the Company’s future exploration work, technical, safety or regulatory issues and availability of capital.
Although the Company believes that the expectations reflected in the forward -looking information or statements are
reasonable, prospective investors in the Company’s securities should not place undue reliance on forward -looking
statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-
looking information and statem ents contained in this news release are as of the date of this news release and the
Company assumes no obligation to update or revise this forward -looking information and statements except as
required by law.