(TheNewswire)
V ancouver , B C - TheNewswire - May 17, 2023 - Tearlach Resources Limited (TSXV:TEA) (OTC:TELHF) (FRANKFURT:V44)(“Tearlach” or the “Company”) reportsassay results for three (3) new core step-out drill holes (GAB-013,016, & 019) at its Gabriel Project in Tonopah, Nevada. Thesenewly reported holes intersected lithium-mineralized zones withintervals exceeding 1,000 ppm and grades up to 1,300 ppm. Resultshave now been received and reported for the 11 Phase 1 drill holes,with a lithium-mineralized interval intersected in each hole. Theseresults represent a significant milestone for Tearlach and thedevelopment of the USA Flagship Gabriel project.
Assay Highlights :
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Longest intercept of lithium mineralization for thethree (3) newly reported holes is 115.9 feet (35.3m): HoleGAB-013,
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Highest primary intercept grade is 729 ppm Li over 47.7feet (14.5m): Hole – GAB-019,
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Highest grade for an “Included intercept” is 879ppm lithium over 27.6 feet (8.4m), including 1,100 ppm: HoleGAB–019,
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The highest value for the reported three (3) holes is1,300 ppm lithium GAB-013,
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Expands Tearlach drilled mineralization to thenorthwest, northeast and southeast.
Phase 1 Program Highlights – 11Holes :
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Lithium mineralization, at a 400 ppm cut-off grade, hasbeen intersected in all holes.
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Longest primary intercept of lithium mineralization is146.6 feet (44.7m) – GAB-009,
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Highest primary intercept grade is 802 ppm over 61 feet(18.6m) – GAB-018,
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Highest grade for an “Included intercept” is 1,196ppm over 33.3 feet (10.2m) – GAB-012,
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Geological continuity of targeted stratigraphy in alldrill holes,
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The latest Phase 1 drill holes expand the general areaof known mineralization to 8,530 feet (2.6 km) by 9,190 feet (2.8km).
Comparison with PreviousResults :
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Each GAB twin core holedrilled in the Phase 1 Program returned intercept values higher (rangeof 36 – 85%) than the corresponding Blackrock Silver (BRS) TN22reverse-circulation rotary hole.
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A total of 603 TN22 drill hole pulps have beencollected and submitted for lithium re-assay.
“The Gabriel Phase 1drill plan was an outstanding success and marks a significantmilestone for exploration of the Gabriel property, with all holesintersecting an interval of lithium mineralization, and manyindividual samples assaying > 1,000 ppm lithium. Additionally,each GAB twin core hole drilled in the Phase 1 Program returnedintercept values higher than the corresponding Blackrock Silver (BRS)TN22 reverse-circulation rotary hole (range of 36 – 85%). Icommend the Nevada Geologic team for their commitment to effectivelyimplementing the drilling, professional handling of the drillmaterials, and superb geologic investigations on the drill core andsurface of the Gabriel property. We look forward to the datamodeling phase of the exploration program to further evaluate theGabriel property ,” said David C. Flint,Director.
Technical Information :
The tables below are a compilation of all Phase 1 coredrill holes. Each hole intersected a zone of lithium mineralization,at a cut-off grade of 400 ppm. Primary intercept grades rangebetween 535 to 802 ppm and interval lengths between 27.1 (8.4m) to146.6 feet (44.7m). The Phase 1 program holes have been drilled withina general area of 8,530 feet (2.6 km) by 9,190 feet (2.8 km).
Lithium mineralization has consistently beenintersected in the lower portion of the Siebert Formation. A secondzone of mineralization has also been intersected in some holes,present in the upper portion of the Siebert. The lithiummineralization is hosted in aclaystone-siltstone-sandstone-conglomerate sedimentarysequence.
Faults, with a normal sense of offset, have been mappedon the Gabriel surface. Fault-broken zones, gouge and cataclasiteshave also been logged in the core. The location and orientation ofthese structures will be assessed during the upcomingthree-dimensional (3D) geologic modeling project.
The three (3) holes reported here each step-out fromthe original BRS drilling and expand the Tearlach-defined lithiummineralization footprint to the northwest, northeast, and southeast(see map below). The core box photos below display the lithology andcorresponding lithium grades for the three (3) drill holes reportedhere, with each hole represented by one core box.
Gabriel Phase 1 ConsolidatedResults | ||||
Gabriel Step-out Holes | ||||
Hole | From, ft | To, ft | Interval | Li, ppm |
GAB-008 | 206.0 | 333.0 | 127.0 | 574 |
highest value | 314.2 | 318.5 | 4.3 | 1,310 |
GAB-012 | 184.0 | 315.0 | 131.0 | 658 |
Including | 281.7 | 315.0 | 33.3 | 1,196 |
highest value | 287.6 | 296.5 | 8.9 | 1,460 |
GAB-013 | 133.2 | 249.1 | 115.9 | 645 |
Including | 214.0 | 249.1 | 35.1 | 914 |
highest value | 221.8 | 228.1 | 6.3 | 1,300 |
GAB-016 | 76.0 | 164.0 | 88.0 | 495 |
highest value | 87.0 | 94.0 | 7.0 | 830 |
GAB-018 | 119.8 | 180.2 | 60.4 | 535 |
& | 239.0 | 300.0 | 61.0 | 802 |
highest value | 287.0 | 292.0 | 5.0 | 1,340 |
GAB-019 | 271.2 | 333.0 | 61.8 | 549 |
& | 354.2 | 401.9 | 47.7 | 729 |
including | 374.3 | 401.9 | 27.6 | 879 |
highest value | 398.0 | 401.9 | 3.9 | 1,100 |
Notes: 400 ppm Li cut-off grade
Newly reported drill holes coloredblue
The Gabriel twin holes consistently have higherintercept grades (36% to 85%) compared to the corresponding BRS TN22holes. The TN22 pulp re-assay program will provide additional datapairs to investigate the underlying cause of this discrepancy.
Gabriel Phase 1 ConsolidatedResults | |||||||||
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 | 61% |
highest value | 142.9 | 145.3 | 2.4 | 1,060 | |||||
GAB-005 | 251.4 | 345.6 | 94.2 | 541 | 250 | 345 | 95 | 374 | 45% |
including | 258.5 | 276.1 | 17.6 | 860 | |||||
highest value | 274.2 | 276.1 | 1.9 | 1,390 | |||||
GAB-006 | 80.5 | 119.4 | 38.9 | 401 | 80 | 120 | 40 | 264 | 52% |
& | 164.1 | 242.0 | 77.9 | 707 | 165 | 245 | 80 | 521 | 36% |
including | 182.6 | 220.0 | 37.4 | 939 | 180 | 220 | 40 | 602 | 56% |
including | 191.5 | 217.0 | 25.5 | 1,018 | 190 | 215 | 25 | 639 | 59% |
highest value | 199.2 | 204.5 | 5.3 | 1,220 | |||||
GAB-009 | 24.0 | 170.6 | 146.6 | 662 | 25 | 170 | 145 | 472 | 40% |
including | 134.4 | 170.6 | 36.2 | 879 | 135 | 170 | 35 | 474 | 85% |
highest value | 147.4 | 154.4 | 7.0 | 1,030 | |||||
GAB-017 | 149.8 | 192.0 | 42.2 | 695 | 150 | 190 | 40 | 442 | 57% |
highest value | 171.7 | 173.5 | 1.8 | 1,410 |
Notes: 1) 400 ppm Li cut-off grade.
Collection of original pulps for the BRS TN22 re-assayprogram is substantially complete. Summary notes for the programare:
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Pulps collected, for each hole, for intervals of theSiebert formation and into the underlying unmineralized unit,
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TN22 drill hole location map provided below,
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Pulp samples to be analyzed by the ALS Laboratorylocated in Reno, Nevada,
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TN22 pulps transported from the BRS storage facility toALS by TEA geologists,
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Holes TN22-010, -011 -012 (151 pulps) submitted to ALSon April 28 th , 2023,
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Holes TN22-013, -014, -015 -016 (263 pulps) submittedto ALS on May 4 th , 2023,
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Holes TN22-018, -019 -020 (189 pulps) submitted to ALSon May 5th, 2023,
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Sample collection pending for TN22-002 -003,
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Each pulp is to be analyzed by ALS according to theirME-ICP61 method, and
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Certified Reference Material (CRM) and blank materialsinserted into the sample sets.
The TN22 re-assay data will be reported as the resultsare available.
Gabriel Phase 1 Drill Hole LocationMap
Gabriel Collar Data, All Holes ToDate | ||||||
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-013 | 476,703 | 4,219,784 | 1739.5 | 0 | -90 | |
GAB-016 | 478,116 | 4,220,634 | 1803.2 | 0 | -90 | |
GAB-017 | 477,268 | 4,217,813 | 1751.4 | 0 | -90 | |
GAB-018 | 475,854 | 4,218,492 | 1705.1 | 0 | -90 | |
GAB-019 | 478,183 | 4,218,256 | 1768.4 | 0 | -90 |
Table of Drill Core Handling andAnalytical 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 TearlachResources Limited and President of the subsidiary Pan Am Lithium(Nevada) Corp, and a Qualified Person as defined by NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects,has reviewed and approved the scientific and technical informationcontained 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 is focused on advancing its flagshipGabriel Project in Tonopah, Nevada, bordering American Lithium's TLCDeposit, and has completed 11 drill holes on the Gabriel Property.Tearlach has three lithium assets in Ontario: Final Frontier, GeorginaStairs and New Frontier. Final Frontier is located adjacent to andnear Frontier Lithium’s PAK lithium deposit north of Red Lake.Georgina Stairs is located northeast of Rock Tech Lithium’s GeorgiaLake deposit near Beardmore. Tearlach has two lithium assets inQuebec: Rose-Fliszar-Muscovite Project in the James Bay area andShelby Project 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 visitour website at www.tearlach.ca for projectupdates and related background information.
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
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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 VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
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