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Wealth Minerals Receives Positive Geophysical Results for the Trinity Lithium Brine Project, Northern Chile
VANCOUVER, British Columbia, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) (TSXV:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfurt:
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 24, 2018 (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 conducted on and around certain concessions (the “Project”) in the Company’s Trinity project that comprise a portion of the Trinity project, and has identified a high-priority drill target for planned testing in March 2018. “This is a Tier 1 property and, within the extensive Wealth property portfolio, it is one of the properties with potentially the highest-grade lithium brines. It has been known for some time that the surface brines in this basin grade up to 425 mg/l lithium,” stated Henk van Alphen, Wealth’s CEO. “Now, the results of the extensive geophysical survey completed for Wealth have shown that there is a thick, highly conductive layer underlying the surface brines, beginning at 50m below surface and extending to at least 300m below surface. Wealth intends to drill test this anomaly in Q1 2018.” Geophysical Survey Results Transient Electromagnetic (“TEM”) surveys identified highly conductive zones, which are interpreted to represent porous media with high-salinity fluids (potentially lithium-bearing brines) at depth. Multiple anomalies are identified within the survey area with several potential drill targets (Figure 1). On the basis of TEM data, Line 2 (Figures 1 and 2) southwest of surface brine area, represents the highest priority target with the highest tenor conductivity (lower resistivity) suggesting greater saturation and/or higher salinity. The survey was completed by Southernrock Geophysics S.A. and consisted of a total of 88 stations of 200m coincident loop TEM sites located along 11 lines (Figure 3). Data was processed according to standard methodologies and 1D inversion modelling was used to generate compiled sections and 3D visualizations. Project Background Independent analysis published by signum BOX (2014) differentiates the top 15 lithium brine projects in Chile as Tier 1, 2 or 3. The Project is listed as Tier 1, together with Atacama, Maricunga, Pedernales, and La Isla. Projects in this top-tier category have an expected lithium concentration ranging from 423 mg/l to 1,080 mg/l. The Company has not completed samp...