(TheNewswire)
VANCOUVER, BRITISH COLUMBIA- TheNewswire - July 20, 2023, Tearlach Resources Limited(TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the“Company”) ispleased to provide an update on progress with its summer explorationprogram on the Georgina Properties, Jellicoe, northwestern Ontario.The Properties, consisting of the Georgina Stairs, Georgina East andnewly staked claims, cover approximately 239 square kilometres (Figure1) and are being explored for pegmatite-hosted lithium mineralizationsimilar to that hosted on Rock Tech’s Georgia Lake Property to thewest. Fieldwork consisting of geological mapping and outcrop samplingcommenced in mid-May, and to date, approximately 20% of the Propertieshave been covered.
Highlights :
A key milestone is the discovery of eleven pegmatiteoutcrops, including both sodium and potassium-rich varieties. Theseare the first documented pegmatites on the property, and the presenceof both sodic and potassic types indicates that fractionation of thepegmatite melt has occurred, which could generate lithium-rich endmember components. Tearlach’s ongoing geochemical sampling programwill focus on establishing geochemical and mineralogical vectorstowards possible lithium-enriched areas of the system.
Based on the pegmatite discoveries, in June, Tearlachstaked an additional 46 claims contiguous with the southern part ofGeorgina East Property on open ground (Figure 1). The GeorginaProperties now consist of 1131 cell claims and is 26 km by 12 km insize.
Exploration Targets :
The spodumene-bearing pegmatites elsewhere in theregion are sodic-rich, with aplite in the outermost zones and greenmuscovite in the innermost zones associated with spodumene. Theidentification of both aplite and green muscovite during the recentwork on the Properties indicates that it has the potential to hostspodumene pegmatites. Tearlach’s exploration team will be focusingon these areas in the upcoming month.
Dr. Selway stated that, “I am happy with the progressthat Tearlach’s mapping team has made at the Georgina Properties. Wehave progressed from an unexplored property to discovering granites todiscovering pegmatites within 2 months. Tearlach’s GeorginaProperties has the potential to host lithium mineralization like RockTech Lithium’s Georgia Lake Property 9 km to the west.”
Figure 1. Georgina Properties claim map showing newlystaked claims.
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.
About Tearlach :
Tearlach, a member of the TSX Venture 50, is a Canadianexploration company engaged in acquiring, exploring, and developinglithium projects. Tearlach is focused on advancing its flagshipGabriel Project in Tonopah, Nevada, bordering American Lithium's TLCDeposit, and has completed 11 drill holes on the Gabriel Property.Tearlach has three lithium assets in Ontario: Final Frontier, GeorginaStairs, and New Frontier. Final Frontier is located adjacent to andnear Frontier Lithium’s PAK lithium deposit north of Red Lake.Georgina Stairs is located northeast of Rock Tech Lithium’s GeorgiaLake deposit near Beardmore. Tearlach has two lithium assets inQuebec: Rose-Fliszar-Muscovite Project in the James Bay area andShelby Project adjacent to and near Patriot Battery Metals’ Corvettelithium project and Winsome Resources’ Cancet and Adina lithiumprojects. Tearlach also has the Savant Property, an exploration stageGold-Silver-Copper Property, in Northwestern Ontario. Tearlach'sprimary objective is to position itself as North America's leadinglithium exploration and development company. For more 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
Charles Ross
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 as of thedate herein. Although the Company believes that the assumptions andfactors used in preparing the forward-looking statements in this pressrelease are reasonable, undue reliance should not be placed on suchstatements. The Company undertakes no obligation to update publicly orotherwise revise any forward-looking statements, whether as a resultof new information or future events or otherwise, except as may berequired 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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