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Wealth Minerals Receives Positive Geophysical Results for the Atacama Lithium Brine Project, northern Chile

VANCOUVER, British Columbia, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfur

articleWealth Minerals Ltd.December 14, 20174/company/wealth-minerals-ltd/news/wealth-minerals-receives-positive-geophysical-results-for-the-atacama-lithium-brine-project-northern-chile
Wealth Minerals Receives Positive Geophysical Results for the Atacama Lithium Brine Project, northern Chile

About this update from Wealth Minerals Ltd.

[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfurt:EJZN), reports that it has received positive results from geophysical surveys at the Atacama project (“Atacama” or the “Atacama Project”).  Magneto-Telluric (“MT”) and coincident loop Transient Electromagnetic (“TEM”) surveys identified very highly conductive zones, which are interpreted to represent porous media with high-salinity fluids (potentially lithium-bearing brines) at depth (Figure 1). The results provide the Company with both near-surface and deeper drill targets, and initial drill testing of shallow targets is planned for Q1 2018.  “Completion of this extensive geophysical survey is a major milestone for the Company and the positive result has provided us with drill targets for testing early next year,” stated Henk van Alphen, Wealth Minerals CEO. “Geophysical results point to shallow drill targets, less than 100 meters from surface, like operations located to the south. In addition, the geophysics defines deeper drill targets which extend over an area of 10km by 15km. These targets are interpreted to represent high salinity, lithium-bearing brines.” Geophysical Survey Results The survey was completed by Southernrock Geophysics and consisted of a total of 141 MT and coincident loop TEM sites located along 13 lines.  Survey lines were carefully planned along historical seismic survey lines to minimize the environmental impact of the work. Data was processed according to standard methodologies with TEM data providing static corrections for the MT data. 1D inversion modelling results were used to generate plan maps (Figure 1) and 3D visualizations (Figure 2). The inversion model resistivity data may be used to interpret the general character of the geoelectrical structure to depths of over 2,000m below surface.   The geophysical data identified very high conductivity (very low resistivity) zones, which are interpreted to represent porous media with high-salinity fluids (potentially lithium-bearing brines) at depth (Figures 1 and 2).  1D inversion model data is presented as depth slices in Figure 1, with inverted data shown at approximately 100m and 900m below surface. The most conductive domain is focused toward the southeast and extend...

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