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Wealth Minerals Reviews SQM Atacama Brine Report
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2022) - Wealth Minerals Ltd. (TSXV: W...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"Wealth Minerals Reviews SQM Atacama Brine ReportVancouver, British Columbia--(Newsfile Corp. - December 21, 2022) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the \"Company\" or \"Wealth\") provides an analysis of the 2022 Environmental Impact Assessment report (\"EIA\") published by Sociedad Química y Minera de Chile S.A. (\"SQM\") regarding brine extraction at the Atacama salar1,2. SQM is a leading Chilean chemical company and one of the world's largest lithium producers, with production facilities on the Atacama salar3. Wealth controls approximately 46,000ha of license ground in the Atacama salar (the \"Atacama Project\") and conducted a series of geophysical surveys in 2017 - 2018 to assist with drill targeting for lithium-rich brines. SQM was asked by Chilean government to produce a study of the Atacama salar's hydrogeology due to local government concern about the environmental impact of solar evaporation (currently in-use methodology for lithium recovery on SQM's production facilities at the Atacama salar). Wealth Minerals has pledged, and has a track record of being committed, to forego solar evaporation in favor of Direct Lithium Extraction technology (\"DLE\"), see press releases of November 16, 2017, October 15, 2019 and March 28, 2022.Wealth's CEO, Hendrik van Alphen, commented: \"The SQM report outlines in detail the hydrogeology of the Atacama salar, and contains relevant information that supports the upside exploration potential of Wealth's land position. The SQM report represents third-party confirmation of what the Wealth team has known since our geophysical surveys in 2017-2018, namely that the general brine basin of the Atacama salar, which has been successfully developed to the south of the Company, extends to the north under the Wealth Minerals Land Position.\"EIA Report and Wealth's Atacama Studies - BackgroundSQM commissioned a team of experts to study existing hydrogeological data, including hydrochemistry, and to provide a conceptual hydrogeological model of the Atacama Salar. This review covered SQM's \"North Zone,\" which overlaps with a significant portion of Wealth's license package in the Atacama salar (the \"Project\"; Figure 1)1,2. Wealth's geophysical work in this area includes Magneto-Telluric (\"MT\") and coincident loop Transient Electromagnetic (\"TEM\") ge...