Tearlach’s Gabriel reassaying returns 14% higher assays

Jun 8, 2023

2023-06-08 07:20 ET – News Release

Mr. David Flint reports

TEARLACH’S GABRIEL PROJECT, NEVADA, LITHIUM RE-ASSAYS HIGHER THAN ORIGINAL

Tearlach Resources Ltd. has provided pulp reassay results for six TN22 rotary drill holes (010 to 015) drilled by Blackrock Silver (BRS), in 2022, at the Gabriel project in Tonopah, Nev. These reassay results confirm the lithium mineralization intersected in the BRS-drilled holes, with reassay results 14 to 33 per cent higher than the original assays and individual grades up to 1,660 parts per million lithium.

TN22 reassay highlights:

A lithium intercept (minimum 15-foot (4.6-metre) interval at a 400 ppm cut-off grade) has been intersected in five of the six TN22 holes reported here;
Longest intercept of lithium mineralization for the six holes is 130 feet (39.6 m): hole TN22-011;
Highest primary intercept grade is 836 ppm Li over 70 feet (21.3 m): hole — TN22-012;
Highest grade for an included intercept is 984 ppm Li over 40 feet (12.2 m), including 1,660 ppm: hole TN22-012;
Highest value for the reported six holes is 1,600 ppm lithium: TN-012;
Reassay primary intercept values are 14 to 33 per cent higher than the corresponding intercept values for the original TN22 assays;
Expands Tearlach defined mineralization to the southwest.

“The TN22 reassay program contributes valuable data to the Gabriel phase 1 drill database, confirming consistently higher assay grades compared to the original drilling. These reassays 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

A table, available on-line, reports the summary TN22 pulp reassay results for holes TN-010 through -015. BRS also conducted a limited pulp reassay program (49 samples) in October, 2022. The original pulps were also reassayed at the ALS Laboratory, Reno, Nev., according to the same analytical procedures as the current TEA reassay program. These BRS pulp reassay program results were, on average, 31 per cent higher than the original assays. That BRS reassay data, accordingly, has been combined with the TEA reassay data for this report. All reassay intercepts are higher grade (14 to 33 per cent) than the corresponding original assay intercept.

BRS drilled TN22-010 at a location that is southwest of the Gabriel drill pattern. The hole was drilled on a westerly azimuth at an inclination of minus 75 degrees to a depth of 2,500 feet (762 m). The reassay data indicate a modest thickness and grade of lithium mineralization.

TN22-011 and TN22-012 were drilled from the same drill site as GAB-006 (a vertical hole). Hole 011 was drilled in a northerly direction at an inclination of minus 50 degrees to a depth of 505 feet (154 m). The reassay data indicate that the hole intersected two zones of lithium, with the deeper intercept being of greater length and grade. Hole 012 was drilled southward at an inclination of minus 50 degrees. The reassay data indicate that this hole also intersected two intervals of lithium mineralization, with the deeper intercept being of greater length and grade. The results from these two holes compare well with GAB-006: primary intercept of 77.9 feet (23.7 m) at 707 ppm Li.

TN22-013 was drilled from the same drill site as GAB-004 (a vertical hole). The hole was drilled northerly at an inclination of minus 50 degrees. The reassay data indicate that the hole intersected 55 feet of lithium mineralization, grading 559 ppm (highest individual value at 1,100 ppm). The TN22-013 results compare reasonably well with the GAB-004 results: primary intercept of 27.1 feet (8.3 m) at 703 ppm Li.

TN22-014 was drilled from the same drill site as GAB-005. The hole was drilled northerly at an inclination of minus 50 degrees. The reassay data indicate that the hole intersected two narrow zones of lithium mineralization.

BRS drilled TN22-015 (southern portion of the property) between TN22-010 and -013. The hole was drilled northerly at an inclination of minus 50 degrees. The reassay data indicate that the hole did not intersect a minimum 15 feet interval of lithium mineralization at a cut-off grade of 400 ppm.

Assays are pending for an additional six 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 reassay data will be used to calculate block grades in the Gabriel model in an area where there is no GAB drilling.

Notes:

(1) Minimum 15 feet at 400 ppm Li cut-off grade for intercepts.

Qualified person

David Flint, CPG with AIPG, director of Tearlach Resources 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 Resources Ltd.

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, Nev., 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.

We seek Safe Harbor.

https://tearlach.ca/