Tearlach Commences Drilling at its Gabriel Lithium Project in Tonopah Nevada
21 Fevereiro 2023 - 10:30AM
Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF)
(FRANKFURT: V44) (“Tearlach” or the “Company”), is pleased
to announce that TonaTec Exploration LLC, of Elko Nevada, has
mobilized a core drill rig to the company’s Gabriel Project and has
commenced Phase 1 core drilling. The Gabriel Lithium project has
past lithium results comparable to its neighbor, American Lithium.
The drill program has been designed to confirm lithium
mineralization intersected in holes drilled by Blackrock Silver and
to complete step-out holes for prospective locations throughout the
Gabriel property. Material from mineralized intervals will be
utilized for initial metallurgical testing.
Program Highlights:
- Accelerated drilling from the collaborative nature of the Joint
Venture
- Initial holes Utilizing Blackrock Silvers existing drill pads
to save time.
- 19 Hole Core Drill
- 3000 meters of HQ core drilling
- Estimated 2-3 months.
- Concurrent Metallurgical testing.
- Further mapping and targeting for the extended drill
program.
- Wide pattern to confirm and significantly extend the previously
drilled zones.
Morgan Lekstrom, CEO commented, “The depth and
experience of our team is a key contributor to the speed in which
we can execute from the project’s inception to drilling within a
month. We believe this is only one step in a multipronged approach
that uses concurrent geological and engineering processes to drive
our project forward quickly. We are accelerating not only drilling
and permitting but the ability to understand the larger picture for
the Tonopah lithium district. We plan significant catalysts over
the next few weeks and months that will provide a clear path
forward for shareholders of Tearlach and our JV partner, Blackrock
Silver. Being next to American Lithium and in a very
mining-friendly jurisdiction has significant advantages as their
resource size and potential district size makes what we believe
Tonopah to be the fast-growing and future Lithium District in
America.”
Figure 1: Gabriel Project Map with Phase 1 Drill locations.
Technical Information:
Initially, holes will be drilled using a core
drill with the size of HQTT on existing pad locations that have
been previously permitted with the Bureau of Land Management (BLM)
by Blackrock Silver. PALN has submitted a Notice to the BLM to
permit drill pad construction on additional Gabriel Project lands,
for which Tearlach has already submitted the reclamation bond. The
Downhole deviations will be surveyed by IDS of Elko, NV. The core
will be transported to Reno, NV, where it will be sawn, samples
analyzed, and geology logged at an ALS Laboratory facility.
Past lithium values up to 1,217 ppm lithium have
been intercepted in drilling, in addition to the continuity of
broad zones of mineralization up to 56.4 metres in thickness. The
average thickness of the lithium-bearing zone is 28.1 metres; The
lithium-bearing zone comes within 8 metres of the surface on the
northeast portion of the property and has been intersected down to
117 metres below the surface.
The geological setting and mineralization is
similar to the nearby TLC lithium deposit owned by American Lithium
Corp, which is located three kilometres to the northeast of the
company’s land holdings.
With grades over 1,200 ppm lithium encountered
and thick zones of mineralization up to 56.4 metres starting near
surface, initial results compare quite favorably to other
well-established lithium claystone projects in the area, both
directly adjacent to the project.
Qualified Person:
Mr. David Flint, CPG with AIPG., Director of the
subsidiary Panam Lithium Nevada Corp, and a Qualified Person as
defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects, has reviewed and approved the scientific and
technical information contained in this news release.
About Tearlach
Tearlach is a Canadian exploration company
engaged in the acquisition, exploration, and development of lithium
projects. Tearlach has a Joint Venture agreement with Blackrock
silver on the Gabriel project in Tonopah, Nevada, bordering
American Lithium’s TLC Deposit, and is aggressively exploring the
previously drilled lithium. Tearlach holds an interest in the Final
Frontier Project, which includes the Pakwan / Margot Lake Claim
block, which is directly contiguous to Frontier Lithium’s Flagship
Spark and Pag deposits, as well as interests in the Wesley, Harth
and Ferland properties, all located in the lithium hub of
northwestern Ontario, Canada. The Wesley Property borders Green
Energy Metals’ Root Lake Project, where a 24,000 m drill program is
currently underway. Pegmatite dykes have also been encountered on
the Harth Lithium Project, which is 8 kms west of the Wesley
Lithium Project. Tearlach intends to explore these assets and
develop a portfolio of projects in North America through
acquisition. Tearlach also holds “The Shelby Project” properties in
Quebec’s James Bay Region bordering Windsome Resources and Patriot
Battery Metals. Tearlach’s primary objective is to position itself
as the leading lithium exploration and development company in North
America. Additional information on the Company is available at the
website at www.tearlach.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
TEARLACH RESOURCES LTD.
Morgan LekstromChief Executive Officer and DirectorSuite 610 -
700 W. Pender StreetVancouver, BC, Canada V6C 1G8Tel:
604-688-5007
www.tearlach.ca
https://tearlach.ca/contact/
Forward-looking Statements
This press release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities laws (collectively, “forward-looking
statements”). Statements and information that are not historical
facts are forward-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 statements that
events, conditions or results “will”, “may”, “could” or “should”
occur or be achieved. Forward-looking statements and the
assumptions made in respect thereof involve known and unknown
risks, uncertainties and other factors beyond the Company’s
control. Forward-looking statements in this press release include
statements regarding beliefs, plans, expectations or intentions of
the Company. Mineral exploration is highly speculative and
characterized by several significant risks, which even a
combination of careful evaluation, experience and knowledge may not
eliminate. Forward-looking statements in this press release are
made as of the date herein. Although the Company believes that the
assumptions and factors used in preparing the forward-looking
statements in this press release are reasonable, undue reliance
should not be placed on such statements. The Company undertakes no
obligation to update publicly or otherwise revise any
forward-looking statements, whether as a result of new information
or future events or otherwise, except as may be required by
law.
Neither the TSX Venture Exchange nor its Regulation Service
provided (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9cc161b9-19fe-46c1-8bc1-f1bc25d6f9cf
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