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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tearlach Resources Limited | TSXV:TEA | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -25.00% | 0.015 | 0.01 | 0.015 | 0.015 | 0.015 | 0.015 | 138,413 | 15:24:55 |
TN22 Re-Assay Highlights:
“The TN22 re-assay program contributes valuable data to the Gabriel Phase 1 drill database, confirming consistently higher assay grades compared to the original drilling. These re-assays significantly enhance data density in specific areas of the Gabriel property and expand the zone of defined mineralization to the southwest,” explained David C. Flint, Director.
Technical Information:
The table below reports the summary TN22 pulp re-assay results for holes TN-010 through -015. BRS also conducted a limited pulp re-assay program (49 samples) in October 2022. The original pulps were also re-assayed at the ALS Laboratory Reno NV according to the same analytical procedures as the current TEA re-assay program. These BRS pulp re-assay program results were, on average, 31% higher than the original assays. That BRS re-assay data, accordingly, has been combined with the TEA re-assay data for this report. All re-assay intercepts are higher grade (14-33%) than the corresponding original assay intercept.
Assays are pending for an additional six (6) holes and include TN22-002, which is just south of the Gabriel property boundary on lands that remain under the control of BRS. Although not drilled on the Gabriel property, this re-assay data will be used to calculate block grades in the Gabriel model in an area where there is no GAB drilling.
Gabriel-Blackrock Silver Re-assay Results | ||||||||
TEA + BRS Re-assay by ALS Laboratory Comparison | ||||||||
Re-assay | Original | Re-assay | ||||||
Hole | From, ft | To, ft | Interval | Li, ppm | Li, ppm | % Higher | ||
TN22-010 | 75 | 90 | 15 | 420 | 315.8 | 33% | ||
Highest value | 75 | 80 | 5 | 450 | 331.2 | 36% | ||
TN22-011 | 155 | 190 | 35 | 451 | 376.2 | 20% | ||
& | 230 | 360 | 130 | 744 | 586.4 | 27% | ||
Including | 280 | 345 | 65 | 884 | 686.9 | 29% | ||
Highest value | 295 | 300 | 5 | 1070 | 838.3 | 28% | ||
TN22-012 | 125 | 140 | 15 | 437 | 384.4 | 14% | ||
& | 205 | 275 | 70 | 836 | 676.2 | 24% | ||
Including | 235 | 275 | 40 | 984 | 780.1 | 26% | ||
Highest value | 240 | 245 | 5 | 1660 | 1217.4 | 36% | ||
TN22-013 | 150 | 205 | 55 | 559 | 451.4 | 24% | ||
Highest value | 190 | 195 | 5 | 1100 | 822 | 34% | ||
TN22-014 | 300 | 330 | 30 | 618 | 501.0 | 23% | ||
& | 390 | 405 | 15 | 700 | 580.9 | 20% | ||
Highest value | 320 | 325 | 5 | 880 | 679.1 | 30% | ||
TN22-015 | no intercept | |||||||
Highest value | 90 | 95 | 5 | 460 | 210.6 | 118% |
Notes: 1) Minimum 15 feet at 400 ppm Li cut-off grade for intercepts
Black Rock Silver Hole Collar Data, Re-Assays Reported | ||||||||||
UTM, NAD-083 Z11, meters | ||||||||||
Hole | Easting | Northing | Elevation, m | Azimuth | Incl. | depth, m | depth, ft | |||
TN22-010 | 475,656 | 4,217,815 | 1708.3 | 270 | -75 | 762 | 2500 | |||
TN22-011 | 477,275 | 4,218,601 | 1748.7 | 0 | -50 | 154 | 505 | |||
TN22-012 | 477,280 | 4,218,599 | 1748.7 | 180 | -50 | 227 | 745 | |||
TN22-013 | 476,865 | 4,217,816 | 1738.3 | 0 | -50 | 183 | 600 | |||
TN22-014 | 477,654 | 4,217,819 | 1761 | 0 | -50 | 152 | 500 | |||
TN22-015 | 476,459 | 4,217,811 | 1728.6 | 0 | -90 | 213 | 700 | |||
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 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/82233b9a-5efd-425b-a4c3-f34732014836
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