Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF)
(FRANKFURT: V44) (“Tearlach” or the “Company”) reports
assay results for three (3) new core drill holes (GAB-004, 005,
& 017) at its Gabriel Project in Tonopah, Nevada, bringing the
total report in Phase 1 to eight (8) out of eleven (11) core holes.
These new holes intersected lithium-mineralized zones with
intervals exceeding 1,000 ppm and grades up to 1,410 ppm. The
twinned drill holes showed grades up to 61% higher in mineralized
zones than corresponding Blackrock Silver (“BRS”) intercepts
(drilled 2022). These results represent a significant milestone for
Tearlach and the development of the USA Flagship Gabriel project.
Assay
Highlights:
- All three (3)
newly reported drill holes encountered intervals over 1,000 ppm
lithium.
- Longest
intercept of lithium mineralization for the three (3) newly
reported holes is 94.2 feet: Hole - 005.
- Highest primary
intercept grade is 703 ppm Li over 27.1 feet: Hole - 004.
- Highest grade
for an “Included intercept” is 860 ppm lithium over 17.6 feet,
including 1,390 ppm: Hole – 005.
- Each hole
returned assay values (total of 5 intervals) > 1,000 ppm Li,
with the highest value being 1,410 ppm.
- Extends Tearlach
drilled mineralization to the south.
Continuity:
- Lithium
mineralization, at a 400 ppm cut-off grade, has been intersected in
each of the eight (8) holes for which analytical results have been
reported.
- Geological
continuity of targeted stratigraphy in all drill holes.
- Reported drill
core holes are within a general area of 2 kilometers x 2.75
kilometers.
Comparison with Previous
Results:
- The lithium
intercepts confirm BRS's discovery, and the Gabriel twin holes'
confirmation drilling yielded grades 45-61% higher than the
corresponding BRS holes.
- The discrepancy
between the TEA and BRS assays continues to justify a comprehensive
re-assay program for selected BRS TN22 drill hole pulps, with
results to be utilized in future resource estimation.
- Bordering
American Lithium Corp.’s TLC deposit, Gabriel shows similar
lithium-bearing lithologic horizons and similar potential to host a
significant lithium deposit immediately adjacent to a major
highway, US95, and just outside of the town of Tonopah. There is no
assurance that mineralization comparable in size or scale to that
on adjacent properties will be discovered on Gabriel.
Note: Mineralization on adjacent or nearby
properties is not indicative of mineralization on the Gabriel
Project.
“The continued results are beyond encouraging,
and the recent drilling of the three (3) Tearlach twin core holes
continue to yield remarkable grade increases over the corresponding
Blackrock Silver drilling results, with these grades ranging from
45% to 61% higher than previous. Lithium mineralization has been
encountered in all eight (8) holes reported to date, which have
spanned a significant portion of the Gabriel property, drastically
increasing the original discovered mineralized area. These results
have not only enhanced our team's understanding but are in line
with their evolving geological interpretations. We will now focus
on understanding the minerals associated with the lithium
mineralization and start driving towards metallurgical testing in
the very near future. Tearlach is taking a fast-tracked approach by
integrating the geology, engineering, and permitting teams early to
identify key permit timelines and important decision criteria ahead
to accelerate the project ahead of an initial resource estimate,”
stated CEO, Morgan Lekstrom.
Technical
Information:
Results have been received for three (3)
Tearlach twin core holes that have been drilled to “twin” a BRS
rotary hole (the “TN22” holes). All holes intersected lithium
mineralization hosted in a
claystone-siltstone-sandstone-conglomerate sedimentary sequence
(see core photos below). The intercept grade for each of the three
(3) holes is higher than the corresponding BRS-drilled TN22 holes
(see table below).
Gabriel-Blackrock Silver Twin Holes |
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 |
436.0 |
61% |
|
highest value |
142.9 |
145.3 |
2.4 |
1060 |
145 |
150 |
5 |
765.0 |
|
GAB-005 |
251.4 |
345.6 |
94.2 |
541 |
250 |
345 |
95 |
374.0 |
45% |
|
including |
258.5 |
276.1 |
17.6 |
860 |
260 |
275 |
15 |
504.0 |
71% |
|
highest value |
274.2 |
276.1 |
1.9 |
1390 |
335 |
340 |
5 |
733.0 |
|
high value |
334.4 |
336.0 |
1.6 |
1290 |
|
|
|
|
|
GAB-017 |
149.8 |
192 |
42.2 |
695 |
150 |
190 |
40 |
442.0 |
57% |
|
highest value |
171.7 |
173.5 |
1.8 |
1410 |
175 |
180 |
5 |
641.0 |
|
high value |
164.0 |
169.7 |
5.7 |
1100 |
|
|
|
|
|
Notes: 1) 400 ppm Li cut-off grade.2) The Gabriel core sample
intervals closely, but not exactly, conform to the TN22 rotary
sample intervals.
These three (3) holes expand the
Tearlach-defined lithium mineralization footprint to the south.
Assays for holes drilled at the northern and southeast extents of
the property are pending (see drill hole location map below).
Detailed core re-logging is in progress, with two primary goals: 1)
determine the detailed relationship of lithium mineralization to
stratigraphy, and 2) correlate the stratigraphic column between the
Gabriel holes. The core box photos below display the lithology and
corresponding lithium grades for the three (3) drill holes reported
here, with each hole represented by one core box.
TEA geologists have submitted pulp samples for
three (3) BRS TN22 holes (TN22-10, 11, & 12) for re-assay at
the ALS Laboratory in Reno, Nevada. A location map that displays
the TN-22 holes that are candidates for pulp re-assay is provided
below. The addition of this data to the Gabriel Project drilling
dataset, at a low relative cost, will expand the extent of data
around the perimeter of Gabriel holes and increase the density of
data internal to the Gabriel Project drill pattern. The TN22
re-assay procedure is:
- TN22 pulps
transported from the BRS storage facility to ALS by TEA
geologists.
- Each pulp is to
be analyzed by ALS according to their ME-ICP61 method.
A set of 28 intact core samples have been
submitted for bulk density measurement to the ALS Laboratory
located in Reno, Nevada. Bulk density will be determined by the ALS
method OA-GRA09 (water displacement with wax coating). These bulk
density values will be directly utilized for resource model
calculations.
Gabriel Phase 1 Drill Hole Location
Map
|
|
|
|
|
|
Gabriel Collar Data, Holes Reported To Date |
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-017 |
477,268 |
4,217,813 |
1751.4 |
0 |
-90 |
GAB-018 |
475,854 |
4,218,492 |
1705.1 |
0 |
-90 |
Table of Drill Core Handling and Analysis
Procedures
- Core boxes transported daily from
the drill rig to the BRS core logging facility in Tonopah, Nevada,
by either the drill crew or TEA geologists.
- Initial logging of the core
conducted by the TEA geologists, including for rock type, percent
recovery and rock quality.
- Sample intervals marked.
- Certified Reference Material (CRM)
pulps, coarse blank, and blank pulps inserted into the sample
set,
- Photograph each box of the
core.
- Core boxes transported from the
Tonopah logging facility to the ALS Laboratory in Reno, Nevada, by
either ALS contracted drivers or by TEA geologic staff.
- Core cut and sampled by ALS
staff.
- Samples dried, weighed, crushed,
pulverized, and split by ALS.
- Samples subjected to a 4-acid
digestion and analyzed by ICP (ME-ICP61) by ALS.
- Chain of custody and security
maintained throughout the material handling and analytical
processes.
Location Map of GAB Drill Holes and
Proposed BRS TN-22 Holes to Re-assay
Qualified
Person:
Mr. David Flint, CPG with AIPG., Director 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 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.
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Photos accompanying this announcement are available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/2731411a-0fd5-465e-931b-a9be967affc3
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