Tearlach Resources (TSXV: TEA) (OTC: TELHF) (FRANKFURT: V44) (“Tearlach” or the “Company”) is pleased to announce that it has signed an option agreement (the “Option Agreement”) to acquire a 100% interest in the claims within the CV lithium trend in Quebec (the “Shelby Properties”)
The Shelby Properties are adjacent to Patriot Battery Metals (TSXV: PMET) (“PMET”) Corvette Lithium Property located in the James Bay Region of Quebec (the “Corvette Property”) and Winsome Resources (ASX: WR1) (“Winsome”) Cancet discovery drill hole (the “Cancet Property”).
• The Shelby Properties also cover approximately 11,226 hectares. The region has gravel highway
access and an airport at the power generating station at La Grande Quatre.
“These strategic acquisitions in Quebec add to our growing portfolio of high potential lithium properties in one of most prolific lithium jurisdictions in Canada. The “Shelby Project” properties, located adjacent to PMET’s Corvette deposit and Winsome’s Cancet discovery, are just another example of our ability to acquire potential company builder properties through a highly experienced team and access to our unique pipeline. We look forward to boots-on-the-ground execution in the very near future.” commented CEO Morgan Lekstrom.
CEO Morgan Lekstrom further commented, “The Corvette Lithium Trend is an emerging spodumene pegmatite district discovered by PMET in 2017. PMET’s best drill intercept to date of 1.65% Li2O over 159.7 metres including 4.12% Li2O over 9.0 metres as reported in their press release dated August 31, 2022, supports Tearlach’s acquisition strategy and overall thesis in building a lithium company.”