Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF)
(FRANKFURT: V44) (“Tearlach” or the “Company”) is pleased
to announce that a second large land package has been staked in the
Georgia Lake area adjacent to Georgina Stairs. The new property,
Georgina East, comprises 500 cell claims and is located near
Jellicoe and Beardmore, northwestern Ontario. The claim block has
an area of 10,580 hectares and measures approximately 17 km by 10
km. Georgina East property is 100% held by Tearlach.
Georgina East Property
Highlights:
- Same geology as Georgia Lake
pegmatite field.
- High Potential for the muscovite
granite to be the parent to lithium pegmatites on the Georgina East
property.
- Deep-seated regional structures as
fluid pathways for pegmatites.
- Most of the Georgina East property
is unexplored and near the Georgia Lake pegmatite field.
- Roads connect the Georgina East
property to the Trans Canada Highway #1.
“After Dr. Selway identified the map was cut off
and the geophysical anomalies matching Georgia Lake, we expanded
our land claim package to become one of the largest land packages
in the area. Not only is this project underexplored, but it also
provides a potential discovery value add for mere staking costs.
Another high impact, low-cost credit to Dr. Selway and the team,”
states Morgan Lekstrom, CEO.
Figure 1: Geology of Georgina Stairs and Georgina
East Properties, Georgia Lake pegmatite field.
Technical Information:
Georgia Lake pegmatite field consists of
multiple spodumene pegmatites, with the first discovery of
spodumene (Li mineral) in 1955. The Georgia Lake spodumene
pegmatites are hosted by the metasedimentary rocks near the
muscovite granites and diabase dykes and sills. The Ontario
regional bedrock geology map (MRD126) indicates that the property
is mostly metasedimentary rocks, but this is likely an
oversimplification as this area has not been mapped in detail and
was not covered by Pye’s 1964 map (OGS M2056). Four sets of
north-south trending Marathon diabase dyke (2.1 Ma) crosscut the
Georgina East property, indicating regional deep-seated structures.
According to Pye’s map, Rock Tech Lithium’s Nama Creek and Conway
spodumene pegmatites are hosted by metasedimentary rocks crosscut
by two N-S trending diabase dykes.
A northeast-trending topographic high occurs
along the north shore of Leopard Lake and extends from one corner
of the Georgina East property to the other corner. This NE-trending
topographic high parallels the northeast-trending muscovite granite
located immediately south of the Georgina East Property. The
spodumene pegmatites in the Georgina Lake pegmatite field are
commonly either NE or N-S trending, as per Pye’s map.
The Georgina East property’s geology shows many
similarities with Rock Tech Lithium’s Georgia Lake Project, located
23 km east of Rock Tech’s spodumene pegmatites. The geology is the
same as Balkan Mining and Minerals Limited’s Gorge Lithium Project
and is located 4.7 km north of their spodumene pegmatites.
The Georgina East property is underexplored
because it is located just off, E.G. Pye’s Georgia Lake Area map
(Ontario Geological Survey, M2056, 1964), which has guided lithium
pegmatite exploration in the area for many decades. Recorded
historical exploration on the Georgina East property consists of
drilling in 1972 and 1973 in search of sulphides and prospecting in
2009 and 2011. Most of the property has had no historical
exploration despite being close to the Trans Canada Highway.
Georgina East has good infrastructure to support
exploration as roads connect the property to the Trans Canada
Highway #1. Leopard Lake Road and Camp 51 Road and multiple trails
connect the property with the Trans Canada Highway to the north of
the property. Trails also link adjacent properties, Georgina Stairs
and Georgina East. Equinox Gold/Orion Mine Finance’s Greenstone
Gold Mine, Geraldton, is about 34 km northeast of the Property. The
town of Jellicoe is 14 km to the north, Beardmore is 22 km to the
northwest, Nipigon is 65 km to the south, and Thunder Bay is 150 km
to the southwest. Thunder Bay is a transportation hub with a
deep-water harbour for shipping on Lake Superior, railway and Trans
Canada highways going east and west across Canada, and a highway
south to the United States.
Qualified Person:
Julie Selway, Ph.D., P.Geo. supervised the
preparation of the scientific and technical information that formed
the basis for the written disclosure in this news release. Dr.
Selway is the VP of Exploration for Tearlach Resources and the
Qualified Person ("QP") as defined by National Instrument 43-101.
Dr. Selway completed a Ph.D. on granitic pegmatites in 1999 and
worked for 3 years as a pegmatite geoscientist for the Ontario
Geological Survey. Dr. Selway has worked on numerous pegmatites
over the years, including Case Lake, Gullwing-Tot Lakes, Separation
Rapids, Georgia Lake and Seymour Lake pegmatites. Dr. Selway has
authored or co-authored twenty-three scientific journal articles on
pegmatites.
About
Tearlach:
Tearlach, a member of the TSX Venture 50, is a
Canadian exploration company engaged in acquiring, exploring, and
developing 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 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
Morgan LekstromChief 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/47d10a03-6aa2-4cb3-963d-741512d5af35
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