(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - May 1, 2023, Tearlach Resources Limited(TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44) (“Tearlach” or the“Company”) reports assay results for three(3) new core drill holes (GAB-004, 005, & 017) at its GabrielProject in Tonopah, Nevada, bringing the total report in Phase 1 toeight (8) out of eleven (11) core holes. These new holes intersectedlithium-mineralized zones with intervals exceeding 1,000 ppm andgrades up to 1,410 ppm. The twinned drill holes showed grades up to61% higher in mineralized zones than corresponding Blackrock Silver(“BRS”) intercepts (drilled 2022). These results represent asignificant milestone for Tearlach and the development of the USAFlagship Gabriel project.
Assay Highlights :
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All three (3) newly reported drill holes encounteredintervals over 1,000 ppm lithium.
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Longest intercept of lithium mineralization for thethree (3) newly reported holes is 94.2 feet: Hole - 005.
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Highest primary intercept grade is 703 ppm Li over 27.1feet: Hole - 004.
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Highest grade for an “Included intercept” is 860ppm lithium over 17.6 feet, including 1,390 ppm: Hole –005.
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Each hole returned assay values (total of 5 intervals) 1,000 ppm Li, with the highest value being 1,410 ppm.
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Extends Tearlach drilled mineralization to thesouth.
Continuity :
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Lithium mineralization, at a 400 ppm cut-off grade, hasbeen intersected in each of the eight (8) holes for which analyticalresults have been reported.
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Geological continuity of targeted stratigraphy in alldrill holes.
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Reported drill core holes are within a general area of2 kilometers x 2.75 kilometers.
Comparison with PreviousResults :
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The lithium intercepts confirm BRS's discovery, and theGabriel twin holes' confirmation drilling yielded grades 45-61% higherthan the corresponding BRS holes.
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The discrepancy between the TEA and BRS assayscontinues to justify a comprehensive re-assay program for selected BRSTN22 drill hole pulps, with results to be utilized in future resourceestimation.
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Bordering American Lithium Corp.’s TLC deposit,Gabriel shows similar lithium-bearing lithologic horizons and similarpotential to host a significant lithium deposit immediately adjacentto a major highway, US95, and just outside of the town of Tonopah.There is no assurance that mineralization comparable in size or scaleto that on adjacent properties will be discovered on Gabriel.
Note: Mineralization on adjacent or nearby propertiesis not indicative of mineralization on the Gabriel Project.
“The continued resultsare beyond encouraging, and the recent drilling of the three (3)Tearlach twin core holes continue to yield remarkable grade increasesover the corresponding Blackrock Silver drilling results, with thesegrades ranging from 45% to 61% higher than previous. Lithiummineralization has been encountered in all eight (8) holes reported todate, which have spanned a significant portion of the Gabrielproperty, drastically increasing the original discovered mineralizedarea. These results have not only enhanced our team's understandingbut are in line with their evolving geological interpretations. Wewill now focus on understanding the mineralsassociated with the lithium mineralization and start driving towardsmetallurgical testing in the very near future. Tearlach is taking afast-tracked approach by integrating the geology, engineering, andpermitting teams early to identify key permit timelines and importantdecision criteria ahead to accelerate the project ahead of an initialresource estimate.” stated CEO, Morgan Lekstrom.
Technical Information :
Results have been received for three (3) Tearlach twincore holes that have been drilled to “twin” a BRS rotary hole (the“TN22” holes). All holes intersected lithium mineralization hostedin a claystone-siltstone-sandstone-conglomerate sedimentary sequence(see core photos below). The intercept grade for each of the three(3) holes is higher than the corresponding BRS-drilled TN22 holes (seetable below).
Gabriel-Blackrock Silver TwinHoles | |||||||||
Gabriel Core Hole | Blackrock Rotary Hole | Gabriel | |||||||
Hole | From, ft | To, ft | Interval | Li, ppm | From, ft | To, ft | Interval | Li, ppm | % Higher |
GAB-004 | 118.2 | 145.3 | 27.1 | 703 | 115 | 145 | 30 | 436.0 | 61% |
highest value | 142.9 | 145.3 | 2.4 | 1060 | 145 | 150 | 5 | 765.0 | |
GAB-005 | 251.4 | 345.6 | 94.2 | 541 | 250 | 345 | 95 | 374.0 | 45% |
including | 258.5 | 276.1 | 17.6 | 860 | 260 | 275 | 15 | 504.0 | 71% |
highest value | 274.2 | 276.1 | 1.9 | 1390 | 335 | 340 | 5 | 733.0 | |
high value | 334.4 | 336.0 | 1.6 | 1290 | |||||
GAB-017 | 149.8 | 192 | 42.2 | 695 | 150 | 190 | 40 | 442.0 | 57% |
highest value | 171.7 | 173.5 | 1.8 | 1410 | 175 | 180 | 5 | 641.0 | |
high value | 164.0 | 169.7 | 5.7 | 1100 |
Notes: 1) 400 ppm Li cut-off grade.
2) The Gabriel core sample intervals closely, but notexactly, conform to the TN22 rotary sample intervals.
These three (3) holes expand the Tearlach-definedlithium mineralization footprint to the south. Assays for holesdrilled at the northern and southeast extents of the property arepending (see drill hole location map below). Detailed corere-logging is in progress, with two primary goals: 1) determine thedetailed relationship of lithium mineralization to stratigraphy, and2) correlate the stratigraphic column between the Gabriel holes. Thecore box photos below display the lithology and corresponding lithiumgrades for the three (3) drill holes reported here, with each holerepresented by one core box.
TEA geologists have submitted pulp samples for three(3) BRS TN22 holes (TN22-10, 11, & 12) for re-assay at the ALSLaboratory in Reno, Nevada. A location map that displays the TN-22holes that are candidates for pulp re-assay is provided below. Theaddition of this data to the Gabriel Project drilling dataset, at alow relative cost, will expand the extent of data around the perimeterof Gabriel holes and increase the density of data internal to theGabriel Project drill pattern. The TN22 re-assay procedureis:
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TN22 pulps transported from the BRS storage facility toALS by TEA geologists.
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Each pulp is to be analyzed by ALS according to theirME-ICP61 method.
A set of 28 intact core samples have been submitted forbulk density measurement to the ALS Laboratory located in Reno,Nevada. Bulk density will be determined by the ALS method OA-GRA09(water displacement with wax coating). These bulk density valueswill be directly utilized for resource model calculations.
Gabriel Phase 1 Drill Hole LocationMap
Gabriel Collar Data, Holes ReportedTo Date | |||||
UTM NAD83 | |||||
Hole | Easting | Northing | Elevation, m | Azimuth | Incl. |
GAB-004 | 476,868 | 4,217,803 | 1739.2 | 0 | -90 |
GAB-005 | 477,646 | 4,217,808 | 1761.7 | 0 | -90 |
GAB-006 | 477,279 | 4,218,601 | 1749.6 | 0 | -90 |
GAB-008 | 476,848 | 4,218,837 | 1739.5 | 0 | -90 |
GAB-009 | 478,477 | 4,219,723 | 1798.3 | 0 | -90 |
GAB-012 | 476,822 | 4,219,342 | 1739.2 | 0 | -90 |
GAB-017 | 477,268 | 4,217,813 | 1751.4 | 0 | -90 |
GAB-018 | 475,854 | 4,218,492 | 1705.1 | 0 | -90 |
Table of Drill Core Handling andAnalysis Procedures
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Core boxes transported daily from the drill rig to theBRS core logging facility in Tonopah, Nevada, by either the drill crewor TEA geologists.
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Initial logging of the core conducted by the TEAgeologists, including for rock type, percent recovery and rockquality.
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Sample intervals marked.
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Certified Reference Material (CRM) pulps, coarse blank,and blank pulps inserted into the sample set,
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Photograph each box of the core.
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Core boxes transported from the Tonopah loggingfacility to the ALS Laboratory in Reno, Nevada, by either ALScontracted drivers or by TEA geologic staff.
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Core cut and sampled by ALS staff.
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Samples dried, weighed, crushed, pulverized, and splitby ALS.
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Samples subjected to a 4-acid digestion and analyzed byICP (ME-ICP61) by ALS.
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Chain of custody and security maintained throughout thematerial handling and analytical processes.
Location Map of GAB Drill Holes andProposed BRS TN-22 Holes to Re-assay
Qualified Person :
Mr. David Flint, CPG with AIPG., Director of thesubsidiary Pan Am Lithium (Nevada) Corp, and a Qualified Person asdefined by National Instrument 43-101 – Standards of Disclosure forMineral Projects, has reviewed and approved the scientific andtechnical information contained in this news release.
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: 604-688-5007
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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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