- Tearlach Resources Limited (TEA) has acquired the Pakwan Extension claim block
- The Pakwan Extension Property is located between Tearlach’s Pakwan Property and Margot Property and is 1.8 km south of the Pakwan Property
- Tearlach acquired a 100-per-cent interest in the Pakwan Extension claim block from an arm’s length third-party vendor
- Tearlach is a Canadian exploration company engaged in the acquisition, exploration and development of lithium projects
- Tearlach Resources Limited opened trading at $2.42
Tearlach Resources Limited (TEA) has acquired the Pakwan Extension claim block.
The Pakwan Extension claim block is positioned alongside the Frontier Lithium Inc. claim block. The Pakwan Extension claims have two mica granite to the north, west and south within 100 – 800 metres of claim boundaries; the western two mica granite is the same one that hosts the PAK deposit
The metasediments are the same distance (1.0-1.5 km) from the muscovite-bearing granite that hosts the PAK deposits as Frontier’s Spark and Bolt deposits.
“This is another piece of the puzzle in the same geological trend as Frontiers Spark and Pak Deposits adding to our Final Frontier Project,” said Morgan Lekstrom, CEO of Tearlach.
“Acquisitions like this are cost-effective and give us a stronger foothold and higher chance of major discovery within Tearlach’s Final Frontier Project, north of Red Lake,” he added.
The Pakwan Extension Property is located between Tearlach’s Pakwan Property and Margot Property and is 1.8 km south of the Pakwan Property. It is contiguous with Frontier’s PAK Property.
All three properties are within the same North Spirit Lake greenstone belt on the Sachigo – Berens River Subprovincial boundary as Frontier Lithium Inc. Li-Cs-Ta PAK Property.
The Pakwan and Pakwan Extension properties are also within and adjacent to the same Bear Head Fault Zone as the PAK Property. All three properties are in close proximity or contain the same two-mica granite and metasedimentary rocks as the PAK Pegmatite.
In line with the purchase agreement, Tearlach acquired a 100-per-cent interest in the Pakwan Extension claim block from an arm’s length third-party vendor for the cash sum of C$20,650.
Tearlach is a Canadian exploration company engaged in the acquisition, exploration and development of lithium projects.
Tearlach Resources Limited opened trading at $2.42.