Tearlach Appoints David Flint as Director of the Company and President of Pan Am Lithium (Nevada) Corp; Charles Ross appointed as Interim CEO
11 Mayo 2023 - 6:52PM
Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF)
(FRANKFURT: V44) (“Tearlach” or the “Company”) is pleased
to announce the immediate appointment of David Flint as a Director
of the Company and President of Pan Am Lithium (Nevada) Corp., the
Company’s wholly-owned subsidiary, whereby Mr. Flint will lead the
Company’s exploration in Nevada. Charles Ross has been appointed as
interim CEO. Mr. Flint has led the Gabriel exploration team,
spearheading the development and execution of the current
exploration plan, which has consistently advanced the Company’s
Nevada project.
With an extensive background as a metals
geologist, Mr. Flint boasts over 35 years of invaluable experience.
Most recently, he served as the VP of Exploration for Allied Nevada
Gold, where he successfully directed exploration programs that led
to a substantial increase of 10 million ounces of gold and 450
million ounces of silver in the published reserves of the Hycroft
Mine. Additionally, Mr. Flint skillfully managed various technical
studies that supported mine plans and the Feasibility Study.
Notably, he played a pivotal role in establishing reserves and
publishing 43-101 Technical reports for the Hasbrouck Mountain
Project. During his 20-year tenure at Freeport McMoRan, Mr. Flint
held several positions, including project Geologist for the
discovery, exploration, development, and early production of the
Grasberg Deposit in Irian Jaya, Indonesia. The geologic resources
defined during this initial two-year period amounted to
approximately 500 million tonnes, with grades of 1.50% copper and
1.50 g/t gold. He also made significant contributions in
underground Mine Geology, Mine Planning, Raise Miner supervision,
and Expansion Studies, playing a key role in seven mine studies
that were successfully brought into production. Moreover, Mr. Flint
has extensive experience in precious-metal exploration, having
worked with renowned companies such as Rio Tinto and Freeport
McMoRan in the Western United States and Panama. His areas of
expertise encompass the geology of epigenetic hydrothermal deposits
(epithermal gold and porphyry copper), multi-dimensional orebody
characterization, Block Cave Mine design, and Technical Project
Management. Mr. Flint holds Bachelor and Master of Science degrees
in Geology and is a Certified Professional Geologist with the
American Institute of Professional Geologists (AIPG). His
leadership has been instrumental in guiding the exploration team on
the Gabriel Project in Nevada.
Mr. Ross has more than 30 years of experience in
the international resource sector, much of it focused on senior
project and financial management. He has served as a director,
president, and chief financial officer of numerous public resource
companies and has extensive experience in corporate finance and
public company administration.
Mr. Lekstrom has resigned for personal reasons
as President, CEO and Director of Tearlach and will continue as a
Director of Pan Am Lithium (Nevada) Corp., which holds the Gabriel
Project. Tearlach will work with Mr. Lekstrom to identify strategic
options to maximize shareholder value from The Gabriel Project,
while Tearlach’s VP Exploration, Dr. Selway, concurrently advances
the Canadian projects through discovery phases. This could give
shareholders the added benefit of two opportunities in two mining
friendly jurisdictions with respective lithium experts in each
country. The Company greatly appreciates the involvement of Mr.
Lekstrom in the growth of the Company and looks forward to his
continued assistance as a Director of Pan Am Lithium (Nevada)
Corp.
The Company also announces that Paul Chow has
resigned from the Company's board of directors so that he can focus
his attention on his current obligations. We thank him for his
contribution to the Company and wish him the best in his future
endeavours.
About Tearlach:
Tearlach, a member of the TSX Venture 50, is a
Canadian exploration company engaged in acquiring, exploring, and
developing lithium projects. Tearlach has a Joint Venture agreement
with Blackrock Silver on the 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.
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