Tearlach Acquires Pegmatite Bearing Lithium Projects Along ‘Electric Avenue,’ Adjacent To Frontier Lithiums Flagship Deposits
Acquiring Company
Tearlach
Acquired Company
Pegmatite Bearing Lithium Projects
VancouverRenewable EnergyEnergyMiningDescription
Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF) (FRANKFURT: V44) (“Tearlach” or the “Company”) is pleased to announce that it has signed a purchase agreement (the “Purchase Agreement”) to acquire a 100% interest in 2 claim groups (the “Projects”) located 175 km north of Red Lake, Ontario (Figure 1). The Pakwan Lithium Project (the “Pakwan”) comprises 51 claims totaling 1,271 hectares, and the Margot Lake Lithium Project (the “Margot”) comprises 102 claims totaling 2,706 hectares. The Projects are located in Frontier Lithium’s ‘Electric Avenue,’ which hosts the PAK and Spark Deposits. The Pak Deposit has a mineral resource of measured, indicated, and inferred categories of 9.3Mt (million tonnes), averaging 2.06% Li2O1. The Spark Deposit has a mineral resource estimate of 14.4Mt, averaging 1.4% Li2O1. Two other significant pegmatites, the Bolt and Pennock, have also been discovered by Frontier Lithium along strike (Figure 2).