(TheNewswire)
VANCOUVER, BC – TheNewswire - Feb 9 th , 2023 - Tearlach Resources Limited(TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“ Tearlach ” or the “ Company ”) is pleased to announce that it hasengaged TonaTec Exploration LLC, of Elko Nevada, to conduct the Phase1 core drill program commencing this month at the Company’s JointVentured Gabriel Project formerly the Blackrock Silver (TSXV: BRC)Tonopah North Lithium Project in Nevada.
Program Highlights :
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Planned Phase 1 drill program of a 3000-meter coredrill program.
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Re-drill several past holes with Core drilling toperform concurrent metallurgical testing and understand geologicalconstraints.
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19-hole program down to a maximum depth of 200Meters.
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Permits with BLM submitted with expected mobilizationin February.
TonaTec is recognized by the exploration community as aleading drill company with experience operating in the Tonopah area. A collaborative relationship with Blackrock Silver has createdoperational, and contractor synergies for both companies thatmanagement believes represents a unique advantage.
CEO Morgan Lekstrom commented, “From signing theinitial Joint Venture and engaging a world-class team of geologistswith significant clay lithium experience to permitting and anticipateddrilling to commence all within two months, this shows the commitmentthe entire team has to advance The Gabriel Project. We plan toexpand on the original discovery in what is becoming a leading lithiumdistrict with American Lithium and American Battery Metals Corp, whichare companies with significant market caps and our neighbors. Bothcompanies have seen significant shareholder value creation, and webelieve we can come out as a leader in the area through ouraccelerated programs, geological team, as well as a unique engineeringapproach.”
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 Margot Lake Claim block,which is in close proximity to Frontier Lithium’s flagship claimsand proximal to the Spark and PAK deposits. Tearlach holds interestsin the Wesley, Harth, and Ferland properties, all located in thelithium hub of northwestern Ontario, Canada. The Wesley Propertyborders Green Energy Metals’ Root Lake Project, where a 24,000 mdrill program is currently underway. Pegmatite dykes have - beenencountered on the Harth Lithium Project, which is 8 kms west of theWesley Lithium Project. Prospecting and mapping have confirmedpegmatite dykes on the Ferland Lithium Property, 10 km east of GreenTechnology Metals’ Seymour Lake Project. Tearlach holds interests inthe Flizar, Muscovite Ridge and Rose North Properties in the James Bayarea of Quebec, and each property hosts pegmatites. Tearlach intendsto explore these assets and develop a portfolio of projects in NorthAmerica through acquisition. Tearlach’s primary objective is toposition itself as the leading lithium exploration and developmentcompany in North America. Additional information on the Company isavailable at the website at www.tearlach.ca .
ON BEHALF OF THE BOARD OF DIRECTORS,
TEARLACH RESOURCES LIMITED
Morgan Lekstrom
Chief Executive Officer and Director
Suite 610 - 700 W. Pender Street
Vancouver, BC, Canada V6C 1G8
Tel: 604-688-5007
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 the anticipated drill program and the timingthereof, that the Company’s relationship with Blackrock Silver willprovide synergies and a unique advantage, the intention to expand onprior discoveries by Blackrock Silver and the belief that the Companywill be a leader in the Tonopah area. Mineral exploration is highlyspeculative, and characterized by several significant risks, whicheven a combination of careful evaluation, experience and knowledge maynot eliminate. Forward-looking statements in this press release aremade as of the date herein. Although the Company believes that theassumptions 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. TheCompany’s Canadian public disclosure filings may be accessedvia www.sedar.com , and readers are urged to review these materials.
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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