Another press release ...and now in another country.
Starting to have some respect for TEA - lolol.
wally
. . . . . . . .
Tearlach Resources Limited: Thailand Tin Interest
10:56 EST Friday, January 21, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 21, 2005) - Tearlach Resources Limited (TSX VENTURE:TEA) is pleased to announce that it has negotiated a joint venture on a tin tailings recovery project with Asian Tiger Resources Limited of Toronto, Ontario. The project is located in central Thailand approximately 125 kilometres northwest of Bangkok in the tin-rich mountainous region separating Thailand and Myanmar. The project contains in excess of 10,000,000 cubic meters (approximately 18 million metric tonnes) of tailings from tin recovery operations carried out in the 1980's. Current recoverable value of heavy minerals, including tin exceeds $US 90.00 per tonne. The Company has contracts in place for all commodities recoverable from the tailings.
Subject to regulatory approval, the Company will have the exclusive right to earn up to a 60% ownership of the project by incurring $US 2,500,000 in equity and loan expenditures to place the project into production over the next 17 months.
The Company will be conducting a representative metallurgical sampling of the tailings in late February, 2005 to determine the operating parameters for the processing recovery plant. A prior 43-101 report (2002) on the project will be updated at the same time.
On behalf of the Board of Directors
Malcolm B. Fraser, President
All information contained in this Release is believed to be factual and accurate.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tearlach Resources Limited
Malcolm B. Fraser
President
(604) 688-5007 or Toll Free: 1-888-955-5656
(604) 681-5259 (FAX)
The TSX Venture Exchange has neither approved nor disapproved the contents of this Information Release.