VANCOUVER, British Columbia, June 15, 2023 (GLOBE NEWSWIRE) -- Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF) (FRANKFURT: V44) (“Tearlach” or the “Company”) is pleased to announce the expansion of the Gabriel property by 558 acres (226 hectares). This expansion was achieved by staking 37 unpatented mining claims on public land administered by the Bureau of Land Management (BLM).
Key highlights of the expansion include:
- 37 claims covering 558 acres (226 hectares) contiguous to the original Gabriel land position.
- The favourable Siebert Formation underlies the claims.
- The highest surface rock chip sample resulted in 840 ppm lithium.
Technical Information:
The 37 newly staked and filed claims are dominantly located in Section 22, Township 3 North and Range 42 East (Mount Diablo Base & Meridian), south of the central portion of the original Gabriel claim block (see map below). Much of the claims are within the one-mile Blackrock Silver Corp. area of interest.
These claims overlie exposures of favorable Siebert Formation, the host to Gabriel lithium mineralization. TEA geologists conducted limited surface rock geochemical sampling of the area prior to the filing of the 37 new claims, with the highest result being 840 ppm lithium.
Tearlach will conduct additional detailed mapping and sampling of the new claims to determine if drilling is warranted as part of the planned Gabriel Phase 2 program.
“Our regional mapping and sampling program has successfully identified multiple targets compromising favourable Siebert formation and elevated lithium geochemistry. The team aggressively staked and filed the Section 22 claims and thereby expanding the Gabriel land position. I am optimistic that this program will lead to further land acquisition opportunities in the greater Tonopah area,” said David C. Flint (Director of Tearlach Resources Limited).
Gabriel Expanded Land Map
Qualified Person:
Mr. David Flint, CPG with AIPG., Director of Tearlach Resources Limited and President of the subsidiary Pan Am 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, a member of the TSX Venture 50, is a Canadian exploration company engaged in acquiring, exploring, and developing lithium projects. Tearlach is focused on advancing its flagship Gabriel Project in Tonopah, Nevada, bordering American Lithium’s TLC Deposit, and has completed 11 drill holes on the Gabriel Property. Tearlach has three lithium assets in Ontario: Final Frontier, Georgina Stairs and New Frontier. Final Frontier is located adjacent to and near Frontier Lithium’s PAK lithium deposit north of Red Lake. Georgina Stairs is located northeast of Rock Tech Lithium’s Georgia Lake deposit near Beardmore. Tearlach has two lithium assets in Quebec: Rose-Fliszar-Muscovite Project in the James Bay area and Shelby Project adjacent to and near Patriot Battery Metals’ Corvette lithium project and Winsome Resources’ Cancet and Adina lithium projects. Tearlach also has the Savant Property, an exploration stage Gold-Silver-Copper Property, in Northwestern Ontario. Tearlach’s primary objective is to position itself as North America’s leading lithium exploration and development company. For more information, please get in touch with the Company at info@tearlach.ca or visit our website at www.tearlach.ca for project updates 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 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/28a3b946-e629-472f-94ad-c70c797cb6db
