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Tearlach Resources Ltd (2)
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Tearlach drills 14.5 m of 729 ppm Li at Gabriel

2023-05-17 11:07 ET - News Release

Mr. Charles Ross reports

TEARLACH'S GABRIEL PROJECT IN TONOPAH, NEVADA, DRILLING INTERSECTED SIGNIFICANT LITHIUM IN ALL PHASE 1 HOLES

Tearlach Resources Ltd. has released assay results for three new core stepout drill holes (GAB-013, 016 and 019) at its Gabriel project in Tonopah, Nevada. These newly reported holes intersected lithium-mineralized zones with intervals exceeding 1,000 parts per million (ppm) and grades up to 1,300 ppm. Results have now been received and reported for the 11 phase 1 drill holes, with a lithium-mineralized interval intersected in each hole. These results represent a significant milestone for Tearlach and the development of the United States flagship Gabriel project.

Assay highlights:

  • Longest intercept of lithium mineralization for the three newly reported holes is 115.9 feet (35.3 metres (m)) -- hole GAB-013;
  • Highest primary intercept grade is 729 ppm Li over 47.7 feet (14.5 m) -- Hole GAB-019;
  • Highest grade for an included intercept is 879 ppm lithium over 27.6 feet (8.4 m), including 1,100 ppm -- hole GAB-019;
  • The highest value for the reported three holes is 1,300 ppm lithium -- GAB-013;
  • Expands Tearlach drilled mineralization to the northwest, northeast and southeast.

Phase 1 program highlights -- 11 holes:

  • Lithium mineralization, at a 400-part-per-million cut-off grade, has been intersected in all holes;
  • Longest primary intercept of lithium mineralization is 146.6 feet (44.7m) -- GAB-009;
  • Highest primary intercept grade is 802 ppm over 61 feet (18.6 m) -- GAB-018;
  • Highest grade for an included intercept is 1,196 ppm over 33.3 feet (10.2 m) -- GAB-012;
  • Geological continuity of targeted stratigraphy in all drill holes;
  • The latest phase 1 drill holes expand the general area of known mineralization to 8,530 feet (2.6 kilometres (km)) by 9,190 feet (2.8 km).

Comparison with previous results:

  • Each GAB twin core hole drilled in the phase 1 program returned intercept values higher (range of 36 to 85 per cent) than the corresponding Blackrock Silver (BRS) TN22 reverse circulation rotary hole;
  • A total of 603 TN22 drill hole pulps have been collected and submitted for lithium reassay.

"The Gabriel phase 1 drill plan was an outstanding success and marks a significant milestone for exploration of the Gabriel property, with all holes intersecting an interval of lithium mineralization and many individual samples assaying over 1,000 ppm lithium. Additionally, each GAB twin core hole drilled in the phase 1 program returned intercept values higher than the corresponding Blackrock Silver (BRS) TN22 reverse circulation rotary hole (range of 36 to 85 per cent). I commend the Nevada Geologic team for their commitment to effectively implementing the drilling, professional handling of the drill materials, and superb geologic investigations on the drill core and surface of the Gabriel property. We look forward to the data modelling phase of the exploration program to further evaluate the Gabriel property," said David C. Flint, director.

Technical information

The tables attached are a compilation of all phase 1 core drill holes. Each hole intersected a zone of lithium mineralization, at a cut-off grade of 400 ppm. Primary intercept grades range between 535 to 802 ppm and interval lengths between 27.1 (8.4 m) to 146.6 feet (44.7 m). The phase 1 program holes have been drilled within a general area of 8,530 feet (2.6 km) by 9,190 feet (2.8 km).

Lithium mineralization has consistently been intersected in the lower portion of the Siebert formation. A second zone of mineralization has also been intersected in some holes, present in the upper portion of the Siebert. The lithium mineralization is hosted in a claystone-siltstone-sandstone-conglomerate sedimentary sequence.

Faults, with a normal sense of offset, have been mapped on the Gabriel surface. Fault-broken zones, gouge and cataclasites have also been logged in the core. The location and orientation of these structures will be assessed during the upcoming three-dimensional (3D) geologic modelling project.

The three holes reported here each stepout from the original BRS drilling and expand the Tearlach-defined lithium mineralization footprint to the northwest, northeast and southeast.

The Gabriel twin holes consistently have higher intercept grades (36 per cent to 85 per cent) compared with the corresponding BRS TN22 holes. The TN22 pulp reassay program will provide additional data pairs to investigate the underlying cause of this discrepancy.

Qualified person

Mr. Flint, CPG with AIPG, director of Tearlach Resources and president of 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 Resources Ltd.

Tearlach is a Canadian exploration company engaged in acquiring, exploring and developing lithium projects. Tearlach is focused on advancing its flagship Gabriel project in Tonopah, Nev., bordering American Lithium's TLC deposit, and has completed 11 drill holes on the Gabriel property.

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