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Wealth Minerals Provides Corporate Update from Wealth Chile After Meeting with Authorities of the Antofagasta Regional Government
VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSX-V:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfu
About this update from Wealth Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, July 09, 2018 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSX-V:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfurt:EJZN), provides a corporate update from Wealth Minerals Chile SpA (“Wealth Chile”) regarding stakeholder engagement and imminent drilling at the Atacama project (“Atacama” or the “Project”): As a Result of its Inclusion in the “Roundtable on Sustainability”Formed by the Chilean Ministry of Mining,Wealth Minerals Chile Met with Authorities of theAntofagasta Regional Government Less than a month after the Chilean Deputy Minister of Mining, Pablo Terrazas, received the top decision-makers of the Canadian mining Company Wealth Minerals, led by Hendrik van Alphen and Marcelo Awad, to discuss their portfolio of lithium projects, representatives of the Antofagasta Regional Government today with Marcelo Awad to discuss the project status. During the long meeting with the Regional Secretaries of the Ministries of Mining, Humberto Burgos and José Sepúlveda; of the Environment, Visnja Music, and of Social Development, María Fernanda Alcayaga, as well as the Regional Director of the Geology and Mining Service, Carlos de los Ríos, the Managing Director of Wealth Minerals gave a detailed report on the promising advances that have been made in the Atacama lithium project, regarding geology and engineering matters, as well as community relations. Wealth Minerals controls 80,000 hectares within 8 Chilean salt-flats. It has conducted studies primarily in the Atacama salt-flat, located in the Second Region of Antofagasta, where it controls 46,200 hectares and in the Laguna Verde salt-flat, located on the Third Region of Atacama, where it controls 10,000 hectares. For the development of both projects, it has entered into a strategic alliance with, ENAMI, the Chilean state-owned National Mining Company. After of the meeting and its discussions with the Regional Secretaries of the Ministry of Mining, Wealth Chile believes that, should exploration results warrant, the construction required to start commercial production at the Atacama project would last approximately 18 months, with production commencing 18 to 30 months thereafter. After the meeting, Marcelo Awad expressed his optimism, because he was able to see that the regional authorities had the best intentions t...