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Tearlach Resources Ltd V.TEA

Alternate Symbol(s):  TELHF

Tearlach Resources Limited is a Canadian exploration company engaged in acquiring, exploring and developing lithium projects. The Company's projects include Georgina Stairs Project, Pakwan and Margot Lithium Projects (Final Frontier), Wesley and Harth Lithium Project (New Frontier), Gabriel project, Rose Fliszar Muscovite Project and Shelby Project. The Company has two key projects: lithium pegmatite on Georgina Properties, Jellicoe, northern Ontario and lithium claystone on Gabriel Project in Tonopah, Nevada, bordering American Lithium's TLC Deposit. The Georgina Stairs Project's (1085 cell claims) claim block is approximately 22,900 hectares and 26 kilometers (km) long by 12 km wide. The Gabriel property consists of around 3920 acres of unpatented mining claims (196 lode claims). It also has the Savant Property, an exploration stage Gold-Silver-Copper Property, in Northwestern Ontario. The Company has staked certain claims (Rhyolite Peak) located in Nevada, United States.


TSXV:TEA - Post by User

Bullboard Posts
Comment by ss1867on Dec 18, 2011 8:59pm
196 Views
Post# 19333486

RE: Press

RE: PressManagement is far too busy promoting their other great gold company, this one will gather dust for a very long time. The world is awash in oil, infinite Acrtic reserves - infinite shale beds to exploit - rapidly advancing technologies. I may be wrong but judging from the complete lack of interest in TEA, I`d say no one cares. This may end up being dead money for a very long time as I`m sure the property dispute is buried in multi layered litigation. Even though TEA won the initial settlement doesn`t mean they still may not just walk away from the mess as opposed to spending multi-millions of dollars on pursuing the property. Now it`s all about the lawyers filling their pockets. It`s not too late to punt this one out and take the tax loss, then shift into GDX @ 6 cents if your quick enough....looks like the train may be ready to leave the station. Last week saw solid buying on great volume after Lawrence Roulston named GDX in his newsletter as one of the best 20 gold stocks under a dime. Imminent drill program on illustrious Durango state property + high grade bonaza mineralization slated for open pit mining early into 2012.  I predict we will see a solid week over @ GDX...Chucks other company, as gold likely stabalizes and resumes it forward march after a week where it was way oversold. TEA is one iron that has been pulled from the fire and put on simmer until the mess gets sorted out....How long that will be is anyones guess, but the chart doesn`t lie. The focus is on gold now while Kern sits. GLTA
Bullboard Posts