(TheNewswire)
VANCOUVER, BRITISH COLUMBIA - Thenewswire - April 11, 2023, Tearlach Resources Limited(TSXV:TEA) (OTC:TELHF) (FRANKFURT: V44) (“Tearlach” or the“Company”) is pleased to announce that asecond large land package has been staked in the Georgia Lake areaadjacent to Georgina Stairs. The new property, Georgina East,comprises 500 cell claims and is located near Jellicoe and Beardmore,northwestern Ontario. The claim block has an area of 10,580 hectaresand measures approximately 17 km by 10 km. Georgina East property is100% held by Tearlach.
Georgina East PropertyHighlights :
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Same geology as Georgia Lake pegmatite field.
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High Potential for the muscovite granite to be theparent to lithium pegmatites on the Georgina East property.
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Deep-seated regional structures as fluid pathways forpegmatites.
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Most of the Georgina East property is unexplored andnear the Georgia Lake pegmatite field.
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Roads connect the Georgina East property to the TransCanada Highway #1.
“After Dr. Selway identified the map was cut off andthe geophysical anomalies matching Georgia Lake, we expanded our landclaim package to become one of the largest land packages in the area.Not only is this project underexplored, but it also provides apotential discovery value add for mere staking costs. Another highimpact, low-cost credit to Dr. Selway and the team,” states MorganLekstrom, CEO.
Figure 1: Geology of Georgina Stairsand Georgina East Properties, Georgia Lake pegmatite field.
Technical Information :
Georgia Lake pegmatite field consists of multiplespodumene pegmatites, with the first discovery of spodumene (Limineral) in 1955. The Georgia Lake spodumenepegmatites are hosted by the metasedimentary rocks near the muscovitegranites and diabase dykes and sills. TheOntario regional bedrock geology map (MRD126) indicates that theproperty is mostly metasedimentary rocks, but this is likely anoversimplification as this area has not been mapped in detail and wasnot covered by Pye’s 1964 map (OGS M2056). Four sets of north-southtrending Marathon diabase dyke (2.1 Ma) crosscut the Georgina Eastproperty, indicating regional deep-seated structures. According toPye’s map, Rock Tech Lithium’s Nama Creek and Conway spodumenepegmatites are hosted by metasedimentary rocks crosscut by two N-Strending diabase dykes.
A northeast-trending topographic high occurs along thenorth shore of Leopard Lake and extends from one corner of theGeorgina East property to the other corner. This NE-trendingtopographic high parallels the northeast-trending muscovite granitelocated immediately south of the Georgina East Property. The spodumenepegmatites in the Georgina Lake pegmatite field are commonly either NEor N-S trending, as per Pye’s map.
The Georgina East property’s geology shows manysimilarities with Rock Tech Lithium’s Georgia Lake Project, located23 km east of Rock Tech’s spodumene pegmatites. The geology is thesame as Balkan Mining and Minerals Limited’s Gorge Lithium Projectand is located 4.7 km north of their spodumene pegmatites.
The Georgina East property is underexplored because itis located just off, E.G. Pye’s Georgia Lake Area map (OntarioGeological Survey, M2056, 1964), which has guided lithium pegmatiteexploration in the area for many decades. Recorded historicalexploration on the Georgina East property consists of drilling in 1972and 1973 in search of sulphides and prospecting in 2009 and 2011. Mostof the property has had no historical exploration despite being closeto the Trans Canada Highway.
Georgina East has good infrastructure to supportexploration as roads connect the property to the Trans Canada Highway#1. Leopard Lake Road and Camp 51 Road and multiple trails connect theproperty with the Trans Canada Highway to the north of the property.Trails also link adjacent properties, Georgina Stairs and GeorginaEast. Equinox Gold/Orion Mine Finance’s Greenstone Gold Mine,Geraldton, is about 34 km northeast of the Property. The town ofJellicoe is 14 km to the north, Beardmore is 22 km to the northwest,Nipigon is 65 km to the south, and Thunder Bay is 150 km to thesouthwest. Thunder Bay is a transportation hub with a deep-waterharbour for shipping on Lake Superior, railway and Trans Canadahighways going east and west across Canada, and a highway south to theUnited States.
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. Dr. Selwaycompleted a Ph.D. on granitic pegmatites in 1999 and worked for 3years as a pegmatite geoscientist for the Ontario Geological Survey.Dr. Selway has worked on numerous pegmatites over the years, includingCase Lake, Gullwing-Tot Lakes, Separation Rapids, Georgia Lake andSeymour Lake pegmatites. Dr. Selway has authored or co-authoredtwenty-three scientific journal articles on pegmatites.
About Tearlach :
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: 604-688-500 7
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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 ofthe Company. Mineral exploration is highly speculative andcharacterized by several significant risks, which even a combinationof careful evaluation, 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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