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Wealth Minerals Commences Drill Program at Laguna Verde Lithium Project
VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfur
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfurt:EJZN), reports that it commenced drilling at the Laguna Verde lithium project, in Region III (Atacama), northern Chile (the “Laguna Verde Project”). Drilling at Laguna Verde is part of a more extensive evaluation program which is ongoing at Laguna Verde, Atacama and Trinity projects. “At the beginning of this year, Wealth was named Number 3 in the 2017 TSX Venture 50®, a ranking of the top ten performers on the TSX Venture. This was a great honour for the Company and helped to set the tone for a successful year in which acquisitions at the Five Salars and Seven Salars projects solidified our position as the largest single holder of lithium brine properties in Chile,” stated Henk van Alphen, Wealth’s CEO. Mr. van Alphen continued, “During the latter part of 2017, Wealth’s focus has shifted from acquisitions to development with work programs under way at the Atacama, Trinity and Laguna Verde projects. At Laguna Verde, we announced receipt of positive geophysical data in Q3 and the resulting drill targets are currently being drill tested with results expected in Q1 2018. At the Atacama and Trinity projects, extensive geophysical surveys have been completed and the Company is expecting to receive results imminently.” Laguna Verde Drilling The Company previously completed Transient Electromagnetic (“TEM”) and Gravity surveys at Laguna Verde, the results of which were positive, prompting the Company to acquire an additional 6,300 hectares of property at Laguna Verde for a total of 8,700 hectares. The geophysical data defined shallow drill targets where potentially lithium-bearing brines are interpreted to exist at 200-300m from surface (Figure 1). More recently, the Company received positive results from a Tenova Advanced Technologies (“Tenova”) processing study, which succeeded in producing a Li₂SO₄ solution with purity greater than 99.9% (previous news release NR17-20 dated November 16, 2017) The Company has initiated drilling at Laguna Verde to begin drill testing geophysical anomalies (Figure 2). Initial drill holes are each planned to reach approximately 300m depth. The primary objective of the program is to collect groundwater / brine samples at 50m intervals, whi...