Tearlach Discovers Pegmatites on Georgina Properties
20 July 2023 - 10:30PM
Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF)
(FRANKFURT: V44) (“Tearlach” or the “Company”) is pleased
to provide an update on progress with its summer exploration
program on the Georgina Properties, Jellicoe, northwestern Ontario.
The Properties, consisting of the Georgina Stairs, Georgina East
and newly staked claims, cover approximately 239 square kilometres
(Figure 1) and are being explored for pegmatite-hosted lithium
mineralization similar to that hosted on Rock Tech’s Georgia Lake
Property to the west. Fieldwork consisting of geological mapping
and outcrop sampling commenced in mid-May, and to date,
approximately 20% of the Properties have been covered.
Highlights:
A key milestone is the discovery of eleven
pegmatite outcrops, including both sodium and potassium-rich
varieties. These are the first documented pegmatites on the
property, and the presence of both sodic and potassic types
indicates that fractionation of the pegmatite melt has occurred,
which could generate lithium-rich end member components. Tearlach’s
ongoing geochemical sampling program will focus on establishing
geochemical and mineralogical vectors towards possible
lithium-enriched areas of the system.
Based on the pegmatite discoveries, in June,
Tearlach staked an additional 46 claims contiguous with the
southern part of Georgina East Property on open ground (Figure 1).
The Georgina Properties now consist of 1131 cell claims and is 26
km by 12 km in size.
Exploration
Targets:
The spodumene-bearing pegmatites elsewhere in
the region are sodic-rich, with aplite in the outermost zones and
green muscovite in the innermost zones associated with spodumene.
The identification of both aplite and green muscovite during the
recent work on the Properties indicates that it has the potential
to host spodumene pegmatites. Tearlach’s exploration team will be
focusing on these areas in the upcoming month.
Dr. Selway stated that, “I am happy with the
progress that Tearlach’s mapping team has made at the Georgina
Properties. We have progressed from an unexplored property to
discovering granites to discovering pegmatites within 2 months.
Tearlach’s Georgina Properties has the potential to host lithium
mineralization like Rock Tech Lithium’s Georgia Lake Property 9 km
to the west.”
Figure 1. Georgina Properties claim map showing newly staked
claims.
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.
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/18edff2e-08d9-4419-9130-0c8b7effe9e3
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