(TheNewswire)
Vancouver, British Columbia– TheNewswire - January 11, 2023, Tearlach ResourcesLimited (TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the“Company”) is pleased to announce the acquisition of the PakwanExtension claim block which is positioned contiguous with FrontierLithium Inc. claim block.
Acquisition Highlights -Technical:
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The Pakwan Extension claims have two mica granite tothe north, west and south within 100 - 800 metres of claim boundaries;the western two mica granite is the same one that hosts the PAKdeposit
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The metasediments are the same distance (1.0-1.5 km)from the muscovite-bearing granite that hosts the PAK deposits asFrontier's Spark and Bolt deposits
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Consists of 23 cell claims and 452 hectares.
Morgan Lekstrom, CEO of Tearlach stated, “This isanother piece of the puzzle in the same geological trend as FrontiersSpark and Pak Deposits adding to our Final Frontier Project. Acquisitions like this are cost effective and give us a strongerfoothold and higher chance of major discovery within Tearlach’sFinal Frontier Project, north of Red Lake.”
The Pakwan Extension Property is located betweenTearlach’s Pakwan Property and Margot Property and is 1.8 km southof the Pakwan Property. The Pakwan Extension Property is contiguouswith Frontier’s PAK Property. All three properties are within thesame North Spirit Lake greenstone belt on the Sachigo – Berens RiverSubprovincial boundary as Frontier Lithium Inc. Li-Cs-Ta PAK Property.The Pakwan and Pakwan Extension Properties are also within andadjacent to the same Bear Head Fault Zone as the PAK Property. Allthree Properties are in close proximity or contain the same two-micagranite and metasedimentary rocks as the PAK Pegmatite.
The Margot Property is hosted by a two-mica granitewith accessory garnet, tourmaline, and sericite. Ontario GeologicalSurvey identified a pegmatite outcrop on the south shore of MargotLake (OGS, P.3603, 2008).
Pursuant to the Purchase Agreement, Tearlach acquires a100% interest in the Pakwan Extension claim block from an arm’slength third-party vendor for the cash sum of $20,650 Canadian.
Qualified Person:
Julie Selway, Ph.D., P.Geo. reviewed and approved the technical disclosure in this newsrelease. Dr. Selway is the VP of Exploration for Tearlach Resourcesand the Qualified Person ("QP") as defined by NationalInstrument 43-101. Dr. Selway completed a Ph.D. on granitic pegmatitesin 1999 and worked for 3 years as a pegmatite geoscientist for theOntario Geological Survey. Dr. Selway has worked on numerouspegmatites over the years including: Case Lake, Gullwing-Tot Lakes,Separation Rapids, Georgia Lake and Seymour Lake pegmatites. Dr.Selway has authored or co-authored twenty-three scientific journalarticles on pegmatites.
About Tearlach:
Tearlach is a Canadian exploration company engaged inthe acquisition, exploration and development of lithium projects.Tearlach holds an interest in the Final Frontier Project, whichincludes the Pakwan, Pakwan Extension and MargotLake Claim block, which is in close proximity to Frontier Lithium’sflagship claims and proximal to the Spark and PAK deposits., Tearlachholds interests in the Wesley, Harth and Ferland properties, alllocated in the lithium hub of northwestern Ontario, Canada. The WesleyProperty borders Green Energy Metals’ Root Lake Project, where a24,000 m drill program is currently underway. Pegmatite dykes have -been encountered on the Harth Lithium Project, which is 8 kms west ofthe Wesley Lithium Project. Prospecting and mapping have confirmedpegmatite dykes on the Ferland Lithium Property, 10 km east of GreenTechnology Metals’ Seymour Lake Project. Tearlach intends to explorethese assets and develop a portfolio of projects in the Americasthrough acquisition. Tearlach’s primary objective is to positionitself as the leading lithium exploration and development company inthe Americas. Additional information on the Company is available atthe website at www.tearlach.ca .
ON BEHALF OF THE BOARD OF DIRECTORS,
TEARLACH RESOURCES LTD.
Morgan Lekstrom
Chief Executive Officer
Suite 610 - 700 W. Pender Street
Vancouver, BC, Canada V6C 1G8
Tel: 604-688-500 7
Forward-looking statements
This press release contains forward-looking statements andforward-looking information within the meaning of Canadian securitieslaws (collectively, “forward-looking statements”). Statements andinformation that are not historical facts are forward-lookingstatements. Forward-looking statements are frequently, but notalways, 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 be achieved. Forward-looking statements and theassumptions made in respect thereof involve known and unknown risks,uncertainties and other factors beyond the Company’s control.Forward-looking statements in this press release include statementsregarding beliefs, plans, expectations or intentions of the Company.Mineral exploration is highly speculative, characterized by severalsignificant risks, which even a combination of careful evaluation,experience and knowledge may not eliminate. Forward-looking statementsin this press release are made as of the date herein. Although theCompany believes that the assumptions and factors used in preparingthe forward-looking statements in this press release are reasonable,undue reliance should not be placed on such statements. The Companyundertakes no obligation to update publicly or otherwise revise anyforward-looking statements, whether as a result of new information orfuture 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 VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
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