Tearlach’s Gabriel Project, Nevada, Property Expanded by 558 acres Covering Favorable Stratigraphy and Lithium Geochemistry
June 15 2023 - 9:00AM
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 RossChief Executive OfficerSuite 610 - 700
W. Pender StreetVancouver, 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
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