(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - February 28, 2023, Tearlach ResourcesLimited (TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“ Tearlach ” or the “ Company ”) is pleased to announce that Dr.Julie Selway has identified a large, new, unmapped land package highlyprospective for pegmatites in Northern Ontario called Georgina StairsProperty (the “ Property ”), near Beardmore, northern Ontariothrough staking in the Georgia Lake pegmatite field. Through thiseffort, the Property is 100% held by Tearlach. The Property consistsof 585 cell claims near Beardmore, Lake Jean, Parks Lake, and LeopardLake Areas (Figure 1). The claim block is about 11,078 ha and 14 kmlong by 12 km wide.
Georgina’s Stairs Propertyhighlights :
• Same geology as Georgia Lake pegmatitefield.
• Potential for the muscovite granite tobe the parent to lithium pegmatites on the Property
• Deep-seated regional structures as fluidpathways for pegmatites
• Most of the Property is unexplored andis located near the Georgia Lake pegmatite field
• Roads connect the Property to the TransCanada Highway #11
Morgan Lekstrom, CEO stated, “Dr. Selway hand-pickedthis Property due to its high prospectivity and due to theProperty’s same geological setting as RockTech Lithium’s keyprojects. The Property was not mapped before Dr. Selway. With herexpertise and local and regional knowledge, she identified thenecessary signatures to make this large land package very strategic,given the geological setting and location. Dr. Selway and the teamare analyzing geophysics, which she has unique insight into, andpotentially identifying more staking opportunities and potentialacquisitions in the area. This is another example of how aworld-class expert, Dr. Selway, enables Tearlach to identify qualityprojects to add to our growing hub and spoke model.”
Figure 1: Property geology of Georgina Stairs Property,Georgia Lake pegmatite field, Beardmore, Ontario.
Technical Information :
Georgia Lake pegmatite field consists of multiplespodumene pegmatites, with the first discovery of spodumene (Limineral) made in 1955. The Georgia Lake spodumene pegmatites arehosted by the metasedimentary rocks near the muscovite granites anddiabase dykes and sills. The Georgia Lake albite-spodumene pegmatitesconsist of quartz, feldspar, muscovite and spodumene, with thespodumene crystals aligned perpendicular to the dyke wall. The GeorgiaLake pegmatites are homogeneous with a wall-to-wall spodumene zone andtypically do not contain barren pegmatite zones. The Property’sgeology is the same as Rock Tech Lithium’s Georgia Lake Project, andit is located 9 km east of Rock Tech’s spodumene pegmatites. Thegeology is also the same as Balkan Mining and Minerals Limited’sGorge Lithium Project and is located 4.7 km north of their spodumenepegmatites.
The Georgia Lake pegmatite field is located within themetasedimentary Quetico Subprovince, not at a Subprovincial boundaryzone. However, the area does contain deep-seated regional structuressuch as the NW-SE trending Matachewan diabase dykes and the N-Strending Marathon diabase dykes which extend across the province ofOntario. The muscovite granite intrusions in the Georgia Lakepegmatite field tend to be elongated in the NE-SW direction. RockTech’s Nama Creek North and South spodumene pegmatites are orientedNE-SW. Likely, the property contains muscovite granites as the largelithology area of metasedimentary rocks is an over simplification dueto a lack of mapping in the area.
The Property is underexplored because it is locatedjust off E.G. Pye’s Georgia Lake Area map (Ontario GeologicalSurvey, M2056, 1964), which has guided lithium pegmatite explorationin the area for many decades. Historical exploration on the Propertyconsists of drilling in 1972 and 1973 in search of sulphides andprospecting in 2009 and 2011. The majority of the Property has had nohistorical exploration on it despite being so close to the TransCanada Highway.
The Property has good infrastructure to supportexploration activities as roads connect the Property to the TransCanada Highway #11. One road passes through the middle of the Propertyfrom north to south, and the Property contains multiple logging roads.Equinox Gold/Orion Mine Finance’s Greenstone Gold Mine, Geraldton,is located about 50 km northeast of the Property. The town ofBeardmore is located 12 km to the northwest, the town of Nipigon islocated 53 km to the south, and the city of Thunder Bay is located 146km to the southwest. Thunder Bay is a transportation hub with adeep-water harbour for shipping on Lake Superior, railway and TransCanada highways going east and west across Canada, and a highway southto the United 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 is aggressively exploring thelithium targets previously identified by drilling. Tearlach holds anoption to acquire a 100% interest in the Savant Property, anexploration stage Gold-Silver-Copper Property in Northwestern Ontario,subject to a 1.5% net smelter royalty. Tearlach holds an interest inthe Final Frontier Project, which includes the Pakwan / Margot LakeClaim block, which is directly contiguous to Frontier Lithium'sFlagship Spark and PAK deposits, as well as interests in the Wesley,Harth and Ferland properties, all located in the lithium hub ofnorthwestern Ontario, Canada. The Wesley Property borders Green EnergyMetals' Root Lake Project, where a 24,000 m drill program is currentlyunderway. Pegmatite dykes have been encountered on the Harth LithiumProject, which is 8 kms west of the Wesley Lithium Project. Tearlachalso holds interests in Fliszar, Muscovite Ridge and Rose NorthProperties in the James Bay area of Quebec, and each property hostspegmatites. Tearlach also has interests "The Shelby Project"properties in Quebec's James Bay Region near Winsome Resources andPatriot Battery Metals. Tearlach's primary objective is to positionitself as North America's leading lithium exploration and developmentcompany. For more information, please get in touch with the Companyat info@tearlach.ca or visit ourwebsite at www.tearlach.ca for project updates and related backgroundinformation.
The TSX Venture 50 is a ranking of the top performersin each of the 5 industry sectors in the TSX Venture Exchange over thelast year.
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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
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 arefrequently, 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 Company's beliefs, plans, expectations, orintentions such as: the potential for the muscovite granite to be theparent to lithium pegmatites on the Property; the potential toidentify more staking opportunities and acquisitions; and the beliefthat the geology on the Property is similar to adjacent properties asidentified in the release. Mineral exploration is highly speculativeand characterized by several significant risks, which even acombination of careful evaluation, experience and knowledge may noteliminate. These risks include financing risks; regulatory risks; andrisks related to the mining and mineral exploration industry ingeneral, as set out in the Company’s periodic disclosure documents. 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 Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release.
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