(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - April 6, 2023, Tearlach Resources Limited(TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the “Company”) is pleased to announce thecompletion of its Phase 1 drill program at the Gabriel Property inTonopah, Nevada. The Company has also filed a NI 43-101 TechnicalReport related to the property. Furthermore, Tearlach's geologic teamhas reviewed the assays for duplicate samples from the property andfound that the results were, on average, 29% higher than the originalBlackrock Silver Corp.’s (“BRS”) assays. As a result, acheck-assay program will be conducted on drill hole sample pulps fromselected BRS holes to expand the geographic distribution of drill holedata suitable for resource modeling. Tearlach is pleased with theprogress made on the Gabriel Property and remains committed toadvancing its exploration and development activities.
Highlights :
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Completion of a NI 43-101 Technical Report on GabrielProperty.
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Completion of Phase 1 drilling, 11 holes and 3939 feet(1200.6 meters) at Gabriel.
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Plan to re-assay BRS pulps from the previous drillprogram, with data to be included for a future resourceestimate.
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Re-assaying the BRS drill sample pulps saves Tearlachthe considerable cost of re-drilling those holes for resourceestimation purposes.
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This re-assay data provides an opportunity for gradeand volume increase of the mineralized zone.
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Reassaying the BRS drilling data provides Tearlach witha cost-effective solution, eliminating the need to undertake costlyredrilling activities for estimation purposes. This approach allowsthe Company to leverage existing data and optimize resources toadvance its exploration and development activities.
Mr. Robert J. Kellie, a Registered Member of theSociety for Mining, Metallurgy and Exploration, Inc., has authored theTechnical Report for the Gabriel Property in Tonopah, Nevada. As anIndependent Qualified Person under the National Instrument"43-101", Mr. Kellie brings over 30 years of experienceinvestigating a wide range of mineral deposits, including lithiumdeposits hosted in evaporite, chemical precipitate, and clayformations. Based on his expertise, Mr. Kellie has concluded that“the Gabriel Project holds significant potential for expansion andthe possible definition of lithium mineral resources through furtherdrilling” He affirms that the project's quality is favorable, makingit a promising site for exploration and development activities.
Tearlach has completed a Phase 1 core drilling programon the property, which significantly conforms to the explorationprogram recommended by Mr. Kellie. Core holes have been drilled to: 1)twin Li-mineralized Blackrock Silver (BRS) reverse-circulation rotaryholes (RC) (5 holes), and 2) step-out from BRS RC holes throughoutmuch of the Gabriel land position (6 holes). Initially, the step-outprogram for the Gabriel Property in Tonopah, Nevada, was designed tohave a hole spacing of 500 meters. However, halfway through thedrilling process, the program was modified to have a spacing of 1,000meters. This decision was based on a review of resource classificationcriteria that were applied to other lithium-claystone projects inclose proximity to Gabriel. The modification was made to optimize theexploration program and ensure that the drilling process aligns withindustry-standard practices for resource estimation.
Figure 1: GabrielDrill Map
All Gabriel Phase 1 core holes intersected favourableclaystone stratigraphy (see photos below) of the Siebert Formation. As reported in neighbouring properties, lithium mineralization ishosted in similar stratigraphy, as summarized in the newly publishedNI 43-101 Gabriel Technical Report. Most of the Gabriel holesintersected an upper claystone (average 165 feet / 50.3 meters thick)and a lower claystone horizon (average 25 feet / 7.6 meters wide). The depth of young alluvium overlying the upper claystone horizon isapproximately 30 feet (10 to 65 feet below the surface).
“This is an exciting and transformative time forTearlach as we eagerly await the results from our first ever drillprogram on the Gabriel Project in Nevada. Not only did we drill toconfirm the original Black Rock Silver holes butwe completed a number of large distance step outs to gain a betterunderstanding of the potential size of the mineralized zones. OurGeological team in Nevada played a key role in minimizing the drillingfootprint by using modern mineral resources estimate standards tomodify the hole spacing, resulting in a reduction of the number ofdrill holes required for a resource estimation. We are optimisticabout the potential of the Gabriel project to not only drive value forthe shareholders and look forward to receiving the assay results fromthe program. We remain committed to advancing the exploration andfast-track development of the Gabriel Project,” states MorganLekstrom, CEO.
Qualified Person :
Mr. David Flint, CPG with AIPG., Director of thesubsidiary Pan Am Lithium (Nevada) Corp, and a Qualified Person asdefined by National Instrument 43-101 – Standards of Disclosure forMineral Projects, has reviewed and approved the scientific andtechnical information contained in this news release.
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 depositnorth 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: 604-688-5007
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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 statementsthat events, conditions or results “will”, “may”, “could”or “should” occur or be achieved. Forward-looking statements andthe assumptions made in respect thereof involve known and unknownrisks, uncertainties, and other factors beyond the Company’scontrol. Forward-looking statements in this press release includestatements regarding beliefs, plans, expectations or intentions of theCompany. Mineral exploration is highly speculative and characterizedby several significant risks, which even a combination of carefulevaluation, experience and knowledge may not eliminate. Forward-looking statements in this press release are made asof the date herein. Although the Company believes that the assumptionsand factors used in preparing the forward-looking statements in thispress release are reasonable, undue reliance should not be placed onsuch statements. The Company undertakes no obligation to updatepublicly or otherwise revise any forward-looking statements, whetheras a result of new information or future events or otherwise, exceptas 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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