(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 28, 2023 - Tearlach ResourcesLimited (TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the“Company”) is pleased to announce that we have received the assayresults from the channel samples cut on Riches Spodumene Pegmatite,Parks Lake, Georgina Properties, Northwestern Ontario. Fifteen channelsamples were cut over 3 channels on the pegmatite as a follow-up onour spodumene discovery (Tearlach press release dated Oct. 18, 2023). The assays confirm the high-grade lithium mineralization on thespodumene pegmatite and justify the upcoming drill program.
Riches Pegmatite assay highlights( Table 1 ):
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4.04 % Li O over 0.70 m, sample889594, channel GS-CH-23-03, inner core zone ( Figure 1 ).
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3.53 % Li O and 595 ppm Ta over1.00 m, sample 889591, channel GS-CH-23-03, blue spodumene zone( Figure2 ).
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2.45 % Li O over 4.70 m, channelGS-CH-23-03, blue spodumene zone and inner core zone
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2.53 % Li O over 1.31 m, channelGS-CH-23-02, green spodumene zone
Riches Pegmatite is open along strike of the peninsulaand down dip. The north end of channel GS-CH-23-03 is coarse-grainedspodumene covered by overburden and tree roots. A test pit dug by hand7 m northeast of channel GS-CH-23-03 discovered more coarse-grainedgreen spodumene beneath overburden. Mechanical stripping is requiredto fully expose the spodumene mineralization on Riches Pegmatite.Rare-element mineralization in the Parks Lake area extends along a 2.6km strike length ( Figure 4 ). This 2.6 kmrare-element pegmatite zone has seven pegmatite dykes with beryl,Nb-Ta-oxides and muscovite books indicators suggesting that morespodumene pegmatites will be found.
Table 1 Channel Sample assays, Riches Spodumene Pegmatite, GeorginaProperties.
Channel | Including | From (m) | To (m) | Length (m) | Li 2 O (%) | Cs (ppm) | Ta (ppm) | Peg Zone |
GS-CH-23-01 | 0.00 | 3.00 | 3.00 | 1.56 | 128 | 55 | green spodumene zone | |
GS-CH-23-02 | 0.00 | 1.31 | 1.31 | 2.53 | 150 | 26 | green spodumene zone | |
GS-CH-23-03 | 2.25 | 6.95 | 4.70 | 2.45 | 181 | 290 | blue spodumene zone + inner core zone | |
GS-CH-23-03 | including | 3.25 | 4.25 | 1.00 | 3.53 | 201 | 595 | blue spodumene zone |
GS-CH-23-03 | including | 6.25 | 6.95 | 0.70 | 4.04 | 280 | 88 | inner core zone |
Figure 1 4.04 %Li 2 O channel sample, very coarse-grainedbeige spodumene in white quartz, sample 889594, GS-CH-23-03, RichesPegmatite.
Figure 2 3.53 %Li 2 O channel sample, very coarse-grained bluespodumene in a matrix of coarse-grained beige cleavelandite, sample889591, GS-CH-23-03, Riches Pegmatite.
Riches Pegmatite on Georgina Properties has excellentinfrastructure as it is:
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Located 23 km from the Trans Canada Highway #11 and apower line,
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Located 930 m from Camp 51 Roads and is accessible byroad and boat.
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250 km from year-round port on the Great Lakes andtransportation hub in Thunder Bay.
Tearlach Resources has submitted a drill permitapplication to the Ontario Ministry of Mines and expects approval inQ1 2024.
Dr. Julie Selway, VP of Exploration, exclaimed “I amimpressed with the Lithium assays on the channel samples whichconfirms the high-grade spodumene mineralization seen in outcrop. I amlooking forward to a maiden drill program on the Georgina Propertiesin Q1 2024.”
Riches spodumene pegmatite has an exposed width of 12 mand length of 9 m with crystals up to 70 cm long ( Figure3 ). The spodumene pegmatite is hosted bycoarse-grained biotite-muscovite granite. The pegmatite has 3spodumene-rich zones: green spodumene zone, blue spodumene zone andinner core zone with abundant very coarse-grained green spodumenecrystals. Channel sample collar locations are given in Table2 .
Figure 3 70 cmlong green spodumene crystal, inner core zone near channelGS-CH-23-03, Riches Pegmatite.
Figure 4 Rare-element pegmatite zone on Parks Lake showing Riches Spodumenepegmatite and the potential to find additional spodumene pegmatites.
Table 2 Channel collar table, UTM NAD 83, Zone 16.
Channel No. | Easting (m) | Northing (m) | Elevation (m) | Total Length (m) | Azimuth (°) |
GS-CH-23-01 | 457090 | 5479726 | 420 | 3.00 | 40 |
GS-CH-23-02 | 457094 | 5479723 | 420 | 1.31 | 90 |
GS-CH-23-03 | 457094 | 5479719 | 420 | 6.95 | 30 |
Quality Control:
Tearlach submitted to Actlabs a total of 452 samples ofwhich 437 were grab samples and 15 were channel samples. The grabsamples were delivered by Tearlach geologists to Actlabs, Geraldton orThunder Bay preparation labs. Samples were assayed by Actlabs,Ancaster analytical lab, which is an ISO 17025 accredited laboratory.The samples were digested using lithium metaborate/tetraborate fusionand assayed by ICP-OES and ICP-MS for whole rock major oxides andtrace elements (i.e., 4Litho-Pegmatite Special package).Li 2 O % was digested usingsodium peroxide fusion and assayed using ICP-OES. Actlabs insertedstandards, blanks, pulp duplicates and prep duplicates into the samplestream. Tearlach inserted one lithium external standard and one blankinto the sample stream for every 20 samples. The external standardsare OREAS 147 and OREAS 148, and the external blank is quartz chips.All standards and blanks passed a Quality Control review.
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 has two key projects: Lithium pegmatite onGeorgina Properties, Jellicoe, northern Ontario and Lithium claystoneon Gabriel Project in Tonopah, Nevada, bordering American Lithium'sTLC Deposit. Spodumene was discovered on the Georgina Propertiesduring the summer 2023 exploration program. Tearlach has completed 11drill holes on the Gabriel Property. Tearlach has two other lithiumassets in Ontario: Final Frontier and New Frontier. Final Frontier islocated adjacent to and near Frontier Lithium’s PAK lithium depositnorth of Red Lake. Tearlach has two lithium assets in Quebec:Rose-Fliszar-Muscovite Project in the James Bay area and ShelbyProject 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
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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