(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - March 29, 2023, Tearlach Resources Limited(TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the“Company”) is pleased to announce that ithas identified similar geophysical signatures on the Georgina StairsProperty to those of known spodumene pegmatites in Georgia Lakepegmatite field. The Georgina Stairs Property was acquired by stakingand is held 100% by Tearlach. The Property consists of 585 claims nearBeardmore, northwestern Ontario. The Georgina Stairs Project iscurrently about 11,078 ha and is 14 km long by 12 km wide.
Georgina Stairs Propertyhighlights :
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Same geology as Rock Tech’s Georgina Lake spodumenepegmatites.
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District size Discovery potential, large land packagehandpicked by leading hard rock lithium expert, Tearlach VPExploration Dr. Julie Selway.
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Rock Tech Lithium’s Georgia Lake project at aPre-Feasibility Stage helps de-risk Tearlach and was advanced quicklyin the same jurisdiction. Rock Tech’s PFS NI 43-101 Technical Reportis dated Oct. 1, 2022.
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The project footprint is a potential company maker in ajurisdiction where Rock Tech’s resource is hosted.
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Same regional airborne total magnetic signature asGeorgia Lake spodumene pegmatites
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Same regional airborne radiometric potassium intensitysignature as Georgia Lake spodumene pegmatites.
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Most of the Property is unexplored and is located nearthe Georgia Lake pegmatite field.
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Roads connect the Property to the TransCanada Highway#1
Dr. Selway, VP Exploration, states, “I see GeorginaStairs Property as an opportunity to do exploration work on a propertywith no previous lithium exploration despite being close to theGeorgia Lake spodumene field. I can’t wait for the snow to melt touncover what the property offers.”
Morgan Lekstrom, CEO, states, “With a similar landpackage and geological setting to Rock Tech Lithium, this not onlyprovides a major discovery potential but alone could be a companymaker. Dr. Selway was able to use her unique area knowledge and mapsto identify this project and acquire the geophysics on it. GeorginaStairs’ geophysical similarities to Rock Tech’s Georgia Lakespodumene field make this not only an exciting target but put us in avery favourable jurisdiction with a very good path forward.”.
Figure 1: Regional total magnetic field for the Georgia Lake area, NorthwesternOntario.
Figure 2 :Regional potassium intensity from an airborne radiometric survey forGeorgia Lake, Northwestern Ontario.
Technical Information :
The regional airborne total magnetic signature for theGeorgia Lake pegmatite field indicates that the spodumene pegmatitesoccur at the margin of a magnetic high (Figure 1). Georgina Stairsproperty has the same magnetic signature. The magnetic high in thearea occurs from Postagoni Lake in the west to Lake Jean to Parks Laketo Gamsby Lake in the east. The regional deep-seated NW-SE trendingMatachewan diabase dykes are visible on the total magnetics map.Whereas the regional N-S trending Marathon diabase dykes arenon-magnetic.
The regional airborne radiometric potassium intensitysignature for the Georgia Lake pegmatite field indicates that thespodumene pegmatites occur in medium low potassium intensity (greencolour on map) that extends from Postagoni Lake in the west to GamsbyLake in the east (Figure 2). This medium low potassium indicates lowK-feldspar content in the rocks, which is favourable in the GeorgiaLake pegmatite field. Georgina Stairs Property has the same medium lowpotassium intensity as the Georgia Lake spodumene pegmatites.
The fact that the geology and geophysics at GeorginaStairs are similar to the know spodumene pegmatites at Georgia Lakeand a lack of previous exploration on the Property suggests apotential for discovery of lithium mineralization.
Qualified Person :
Julie Selway, Ph.D., P.Geo. supervised the preparationof the scientific and technical information that formed the basis forthe written disclosure in this news release. Dr. Selway is the VP ofExploration for Tearlach Resources and the Qualified Person("QP") as defined by National Instrument 43-101. Dr. Selwaycompleted a Ph.D. on granitic pegmatites in 1999 and worked for 3years as a pegmatite geoscientist for the Ontario Geological Survey.Dr. Selway has worked on numerous pegmatites over the years, includingCase Lake, Gullwing-Tot Lakes, Separation Rapids, Georgia Lake andSeymour Lake pegmatites. Dr. Selway has authored or co-authoredtwenty-three scientific journal articles on pegmatites.
About Tearlach :
Tearlach, a member of the TSX Venture 50, is a Canadianexploration company engaged in acquiring, exploring, and developinglithium projects. Tearlach has a Joint Venture agreement withBlackrock silver on the Gabriel project in Tonopah, Nevada, borderingAmerican Lithium's TLC Deposit, and has completed 11 drill holes onthe Gabriel Property. Tearlach has three lithium assets in Ontario:Final Frontier, Georgina Stairs and New Frontier. Final Frontier islocated adjacent to and near Frontier Lithium’s PAK lithium deposit,north of Red Lake. Georgina Stairs is located northeast of Rock TechLithium’s Georgia Lake deposit near Beardmore. Tearlach has twolithium assets in Quebec: Rose-Fliszar-Muscovite Project in the JamesBay area and Shelby Project adjacent to and near Patriot BatteryMetals’ Corvette lithium project and Winsome Resources’ Cancet andAdina lithium projects. Tearlach also has the Savant Property, anexploration stage Gold-Silver-Copper Property, in NorthwesternOntario. Tearlach's primary objective is to position itself as NorthAmerica's leading lithium exploration and development company. Formore information, please get in touch with the Company at info@tearlach.ca or visit ourwebsite at www.tearlach.ca for project updates and related backgroundinformation.
ON BEHALF OF THE BOARD OF DIRECTORS,
TEARLACH RESOURCES LIMITED
Morgan Lekstrom
Chief Executive Officer
Suite 610 - 700 W. Pender Street
Vancouver, BC, Canada V6C 1G8
Tel: 604-688-500 7
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Forward-looking statements
This press release contains forward-looking statementsand forward-looking information within the meaning of Canadiansecurities laws (collectively, “forward-looking statements”).Statements and information that are not historical facts areforward-looking statements. Forward-looking statements are frequently,but not always, identified by words such as “expects”,“anticipates”, “believes”, “intends”, “estimates”,“potential”, “possible” and similar expressions or statements that events, conditions or results“will”, “may”, “could” or “should” occur or beachieved. Forward-looking statements and the assumptions made inrespect thereof involve known and unknown risks, uncertainties, andother factors beyond the Company’s control. Forward-lookingstatements in this press release include statements regarding beliefs,plans, expectations or intentions of the Company. Mineral explorationis highly speculative, and characterized by several significant risks,which even a combination of careful evaluation, experience andknowledge may not eliminate. Forward-looking statements in this pressrelease are made as of the date herein. Although the Company believesthat the assumptions and factors used in preparing the forward-lookingstatements in this press release are reasonable, undue reliance shouldnot be placed on such statements. The Company undertakes no obligationto update publicly or otherwise revise any forward-looking statements,whether as a result of new information or future events or otherwise,except as may be required by law.
Neither the TSX Venture Exchange norits Regulation Service provided (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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