(TheNewswire)
VANCOUVER, BC – TheNewswire - January 23, 2023, Tearlach ResourcesLimited (TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the“Company”) is very pleased to report theresults from the duplicate assay program initiated, during the duediligence period, prior to signing the JV agreement on the GabrielProperty (formerly known as the North Tonopah Project) with BlackrockSilver (TSX:BRC) on 12 January 2023. The re-assaying efforts by theCompany indicate lithium grades that average 28% higher than originalassays across 57 samples collected by Tearlach’s world-classReno-based exploration team with significant lithium expertise. Thehighest sample reported 62% higher lithium grade.
Highlights:
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Duplicate sample average assay results are 28% higherin lithium grade across 57 samples, as compared to the original assay,
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Individual duplicate assays are higher than thecorresponding original assays over a range of +12.6% to 62%.
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TN22-020 Interval 260-265 feet, 61.9% increase
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Original Assay, 457.1ppm Li
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Duplicate Assay, 740ppm Li
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TN22-006 from 205-210 feet, 49.1% Increase
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Original Assay 851.9 ppm Li
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Duplicate Assay, 1270ppm Li
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TN22-018 Interval 220- 225 feet, 19.9% increase
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Original Assay, 967.8ppm Li
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Duplicate Assay, 1160 ppm Li
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Potential size increase to the discovery due to gradeincrease and cutoff change.
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Clear path to drilling and expansion.
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World-class Nevada based Exploration team with over 200years of combined experience and significant experience in clay hostedlithium deposits.
Morgan Lekstrom, CEO of Tearlach, commented,"These improved assays not only confirm the discovery that BRCmade but expands the cut-off mineralized area significantly. Thisanalysis indicates a possible increase in lithium grade for theGabriel property and comes from a highly experienced team with a deepunderstanding of clay lithium exploration and assay methods. Moreproof that having a team of experts that have been involved in claylithium for decades has already proven invaluable to give us anexploration advantage. Our team has drilled multiple lithium claydeposits around the world and will continue to aggressively lead thecharge. We are currently applying for drill permits and anticipatedrilling to commence in short order."
Path Forward:
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Submit Drill Permits within a week
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Prescreened drill contractor, working onengagement
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Drill a large 20-hole PQ Core drill program, includingstep outs and confirmation drilling
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Run Concurrent engineering and metallurgicalpaths.
Figure 1: The Gabriel Project in NyeCounty, Tonopah, Nevada
Tearlach Resourceshas not verified the American Lithium results and credits AmericanLithium News Release Jan 16 th , 2023 as the source ofthese. UTMNAD83 Zone 11
Technical Information:
Tearlach’s Nevada lithium exploration team, operatingthrough Pan Am Lithium (Nevada) Corp. (PALN, a wholly-owned NevadaCorporation subsidiary) selected coarse rejects for 57 Blackrocklithium-mineralized rotary drill intervals to analyze for duplicateassay. These samples were analyzed, using methods similar to theoriginal assay, by a second highly regarded laboratory.
Quality Control:
The samples were selected by the PALN geologic team,and transported to Reno, Nevada, maintaining the chain of custody.
The 57 samples were analyzed to obtain duplicate assayresults according to the following procedures:
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A 200-gram split of the coarse rejects were crushed bythe original assay laboratory and returned to the PALNexplorationists. The coarse rejects were then transported to thesecond lab for re-assay.
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The duplicate assaying was conducted by an ALSGeochemistry facility located in Reno, NV. This facility holds anISO 17025 certification.
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The crushed split was submitted to the 2nd laboratoryfor analysis according to the following procedures:
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Pulverized the submitted crushed sample to 85% passing75 microns grain size.
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Split a 0.25-gram sample of the pulverized material foranalysis.
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Digested the pulp split by four (4) acids with an ICPfinish, which slightly varied from the original laboratorymethod.
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Also analyzed the samples for boron (B) content usingan Aqua Regia digestion with ICP-AES finish.
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The PALN geologists inserted five (5) lithium certifiedreference pulps, plus blank value pulps (also 5 samples) into the pulpsample set.
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This duplicate assay process was overseen by two (2)PALN geologists who are Qualified Persons according to NI 43-101.David C. Flint is a CPG with AIPG (#10360, and Robert J. Kellie is aregistered member with SME (#4026171)
Re-assay Results:
The comparison of the duplicate assays to the originalassays indicates the following:
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All duplicate assays are higher than the originalassays.
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The duplicate assays, on average, are 28% higher thanthe original assays.
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Individual duplicate assays are higher than thecorresponding original assays over a range of +12.6% to 62%.
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Thirteen (13) of the duplicate assays have reportedvalues greater than 900 ppm, of which three (3) assays are greaterthan 1,000 ppm.
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The certified reference lithium samples inserted intothe duplicate sample stream yielded acceptable values.
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Blank samples inserted into the check sample streamyielded extremely low to nil lithium values.
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A strict chain of custody was maintained during theduplicate assay program.
The results from the duplicate assay program indicatespotential additional opportunity for exploring the Gabriel LithiumProperty. The PALN technical team intends to conduct explorationactivities in a manner such that highly representative samples arecollected, and that the samples are analyzed by the most precise andaccurate methods.
Table 1. Comparison of original andduplicate assays for RC drill samples from Gabriel Project
Feet | Sample | Li ppm | |||||
Hole ID | From | To | Interval | Sample Number | Duplicate | Original | % difference |
TN22-020 | 260 | 265 | 5 | TN22-020 260-265 | 740 | 457.1 | 61.9 |
TN22-006 | 205 | 210 | 5 | TN22-006 205-210 | 1270 | 851.9 | 49.1 |
TN22-006 | 195 | 200 | 5 | TN22-006 195-200 | 930 | 634.1 | 46.7 |
TN22-006 | 190 | 195 | 5 | TN22-006 190-195 | 780 | 546.3 | 42.8 |
TN22-006 | 180 | 185 | 5 | TN22-006 180-185 | 620 | 435.4 | 42.4 |
TN22-006 | 215 | 220 | 5 | TN22-006 215-220 | 960 | 677 | 41.8 |
TN22-011 | 280 | 285 | 5 | TN22-011 280-285 | 1090 | 779.1 | 39.9 |
Feet | Sample | Li ppm | |||||
Hole ID | From | To | Interval | Sample Number | Duplicate | Original | % difference |
TN22-006 | 200 | 205 | 5 | TN22-006 200-205 | 810 | 579.2 | 39.8 |
TN22-006 | 210 | 215 | 5 | TN22-006 210-215 | 810 | 581.3 | 39.3 |
TN22-011 | 250 | 255 | 5 | TN22-011 250-255 | 940 | 679.2 | 38.4 |
TN22-006 | 185 | 190 | 5 | TN22-006 185-190 | 700 | 507 | 38.1 |
TN22-011 | 330 | 335 | 5 | TN22-011 330-335 | 950 | 691.6 | 37.4 |
TN22-011 | 325 | 330 | 5 | TN22-011 325-330 | 910 | 673.7 | 35.1 |
TN22-006 | 220 | 225 | 5 | TN22-006 220-225 | 740 | 553 | 33.8 |
TN22-006 | 175 | 180 | 5 | TN22-006 175-180 | 740 | 555.4 | 33.2 |
TN22-006 | 225 | 230 | 5 | TN22-006 225-230 | 530 | 399.6 | 32.6 |
TN22-011 | 315 | 320 | 5 | TN22-011 315-320 | 910 | 690.8 | 31.7 |
TN22-020 | 330 | 335 | 5 | TN22-020 330-335 | 980 | 744.3 | 31.7 |
TN22-011 | 335 | 340 | 5 | TN22-011 335-340 | 950 | 722.1 | 31.6 |
TN22-018 | 200 | 205 | 5 | TN22-018 200-205 | 570 | 433.5 | 31.5 |
TN22-020 | 275 | 280 | 5 | TN22-020 275-280 | 810 | 620.6 | 30.5 |
TN22-006 | 170 | 175 | 5 | TN22-006 170-175 | 500 | 383.4 | 30.4 |
TN22-020 | 280 | 285 | 5 | TN22-020 280-285 | 960 | 742.6 | 29.3 |
TN22-020 | 300 | 305 | 5 | TN22-020 300-305 | 800 | 620.6 | 28.9 |
TN22-011 | 320 | 325 | 5 | TN22-011 320-325 | 820 | 636.5 | 28.8 |
TN22-011 | 260 | 265 | 5 | TN22-011 260-265 | 750 | 582.2 | 28.8 |
TN22-020 | 325 | 330 | 5 | TN22-020 325-330 | 890 | 693.8 | 28.3 |
TN22-020 | 265 | 270 | 5 | TN22-020 265-270 | 740 | 578.6 | 27.9 |
TN22-011 | 275 | 280 | 5 | TN22-011 275-280 | 750 | 587.9 | 27.6 |
TN22-011 | 285 | 290 | 5 | TN22-011 285-290 | 710 | 559 | 27.0 |
TN22-011 | 175 | 180 | 5 | TN22-011 175-180 | 500 | 394.7 | 26.7 |
TN22-018 | 205 | 210 | 5 | TN22-018 205-210 | 700 | 558.3 | 25.4 |
TN22-020 | 270 | 275 | 5 | TN22-020 270-275 | 570 | 455.1 | 25.2 |
TN22-011 | 310 | 315 | 5 | TN22-011 310-315 | 890 | 711.1 | 25.2 |
TN22-020 | 345 | 350 | 5 | TN22-020 345-350 | 630 | 507.6 | 24.1 |
TN22-018 | 210 | 215 | 5 | TN22-018 210-215 | 910 | 735.5 | 23.7 |
TN22-011 | 265 | 270 | 5 | TN22-011 265-270 | 650 | 527.4 | 23.2 |
TN22-011 | 255 | 260 | 5 | TN22-011 255-260 | 550 | 446.4 | 23.2 |
TN22-020 | 285 | 290 | 5 | TN22-020 285-290 | 560 | 459 | 22.0 |
TN22-011 | 270 | 275 | 5 | TN22-011 270-275 | 720 | 590.5 | 21.9 |
TN22-020 | 250 | 255 | 5 | TN22-020 250-255 | 550 | 451.9 | 21.7 |
TN22-018 | 230 | 235 | 5 | TN22-018 230-235 | 560 | 467.1 | 19.9 |
TN22-018 | 220 | 225 | 5 | TN22-018 220-225 | 1160 | 967.8 | 19.9 |
TN22-018 | 255 | 260 | 5 | TN22-018 255-260 | 780 | 653.9 | 19.3 |
TN22-018 | 215 | 220 | 5 | TN22-018 215-220 | 860 | 722.8 | 19.0 |
TN22-020 | 335 | 340 | 5 | TN22-020 335-340 | 660 | 554.9 | 18.9 |
TN22-020 | 340 | 345 | 5 | TN22-020 340-345 | 520 | 438.1 | 18.7 |
TN22-011 | 345 | 350 | 5 | TN22-011 345-350 | 460 | 388.1 | 18.5 |
TN22-011 | 185 | 190 | 5 | TN22-011 185-190 | 400 | 339.1 | 18.0 |
Feet | Sample | Li ppm | |||||
Hole ID | From | To | Interval | Sample Number | Duplicate | Original | % difference |
TN22-011 | 305 | 310 | 5 | TN22-011 305-310 | 660 | 559.8 | 17.9 |
TN22-020 | 290 | 295 | 5 | TN22-020 290-295 | 510 | 432.6 | 17.9 |
TN22-011 | 170 | 175 | 5 | TN22-011 170-175 | 440 | 376 | 17.0 |
TN22-020 | 255 | 260 | 5 | TN22-020 255-260 | 560 | 478.6 | 17.0 |
TN22-018 | 225 | 230 | 5 | TN22-018 225-230 | 770 | 658.1 | 17.0 |
TN22-011 | 190 | 195 | 5 | TN22-011 190-195 | 390 | 337 | 15.7 |
TN22-011 | 180 | 185 | 5 | TN22-011 180-185 | 300 | 261.3 | 14.8 |
TN22-018 | 240 | 245 | 5 | TN22-018 240-245 | 520 | 462 | 12.6 |
Table 2. Drill hole collar locationfor samples in this press release
UTM NAD27, m | ||||||
Easting | Northing | Elevation, m | Dip, deg. | Azimuth, deg. | Hole length, ft | |
TN22-006 | 477,359 | 4,218,401 | 1,755.1 | -90 | 2500 | |
TN22-011 | 477,355 | 4,218,402 | 1,748.7 | -59 | 360 | 505 |
TN22-018 | 477,344 | 4,217,610 | 1,751.5 | -50 | 360 | 500 |
TN22-020 | 477,352 | 4,218,409 | 1,748.6 | -60 | 264 | 500 |
Qualified Person:
Mr. David C. Flint, CPG with AIPG (American Instituteof Professional Geologists), Director of Tearlach’s subsidiary PanAm Lithium (Nevada) Corp, and a Qualified Person as defined byNational Instrument 43-101 – Standards of Disclosure for Mineral Projects ,has reviewed and approved the scientific and technical informationcontained in this news release.
January 12, 2023 News and DisclosureCorrection
The Company wishes to correct certain paymentdisclosures it made in its news release dated January 12, 2023regarding its option to acquire a 100% interest in six mineral claimsgroups collectively referred to as the Shelby Properties.
Under the “Transaction” heading in the newsrelease, the Company inadvertently disclosed it was obligated to makecash payments and share issuances of $545,454.54 for each of the sixmineral claims groups. However, pursuant to the terms of theagreement, the Company is obligated to pay $90,909.09 for each of thesix mineral claims groups for a total of $545,454.54 for all ShelbyProperties. This payment is required to be paid upon signing theagreement and upon the first, second and third anniversaries of theagreement, unless the Company elects to duly abandon such claimgroups, in which case the amount payable is reduced by $90,909.09 perclaim group duly abandoned. Accordingly, the table setting out theconsideration payable in the January 12th news release should not berelied upon
Tearlach is a Canadian exploration company engaged inthe acquisition, exploration and development oflithium projects. Tearlach has a Joint Venture agreement withBlackrock silver on the Gabriel project in Tonopah, Nevada, borderingAmerican Lithium’s TLC Deposit, and is aggressively exploring thepreviously drilled lithium targets. Tearlach holds an interest in theFinal Frontier Project, which includes the Pakwan / Margot Lake Claimblock, and is directly contiguous with Frontier Lithium’s FlagshipSpark and Pak deposits, as well as interests in the Wesley, Harth andFerland properties, all located in the lithium hub of northwesternOntario, Canada. The Wesley Property borders Green Energy Metals’Root Lake Project, where a 24,000 m drill program is currentlyunderway. Pegmatite dykes have also been encountered on the HarthLithium Project, which is 8 km west of the Wesley Lithium Project.Tearlach intends to explore these assets and develop a portfolio ofprojects in North America through acquisition. Tearlach also holds“The Shelby Project” properties in Quebec’s James Bay Regionbordering Windsome Resources and Patriot Battery Metals. Tearlach’sprimary objective is to position itself as the leading lithiumexploration and development company in North America. Additionalinformation on the Company is available at the website at www.tearlach.ca .
ON BEHALF OF THE BOARD OF DIRECTORS
Morgan Lekstrom
Chief Executive Officer
TEARLACH RESOURCES LTD.
Suite 610 - 700 W. Pender Street
Vancouver, BC, Canada V6C 1G8
Tel: 604-688-5007
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.
Forward-LookingStatement
This news release may containcertain “forward-looking statements” such as the intention tofocus on the exploration and development of lithium properties in thefuture. Forward-looking statements involve known and unknown risks,uncertainties, assumptions, and other factors that may cause theactual results, performance, or achievements of the Company to bematerially different from any future results, performance orachievements expressed or implied by the forward-looking statements.Any forward-looking statement speaks only as of the date of this newsrelease and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise.
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