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Wealth Reviews New Atacama Data
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Wealth Minerals Ltd. (TSXV: W...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"Wealth Reviews New Atacama DataVancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the \"Company\" or \"Wealth\") announces that new data that has been released regarding an ongoing Environmental Impact Assessment report (\"EIA\") published in 2022 by Sociedad Química y Minera de Chile S.A. (\"SQM\") regarding potential brine extraction at the Atacama Salar (see news release dated December 21, 2022)1,2.Wealth's CEO, Hendrik van Alphen, commented: \"New data revealed by SQM is very positive for Wealth. Just 400 metres from our license package's southern border, SQM drilled a well that produced results with broad implications for Wealth: 1,238mg/l lithium content brine starting at 87m depth for 72 metres. This lithium-bearing interval matches our geological model for the Atacama Project.\"EIA Report and Wealth's Atacama Studies - BackgroundSQM's EIA report covered an area labelled \"North Zone,\" which overlaps with a significant portion of Wealth's license package in the Atacama Salar (the \"Project\"; Figure 1)1,2 (see news releases dated December 14, 2017 and September 17, 2018). New data has been published by SQM as a result of a government review of the initial EIA filing3.Analysis and Wealth ConclusionsSQM drilled a hole (marked as a red star) to a depth of 161 metres (Hole labeled PN -001P; red star). In the EIA, brine chemistry data is provided from 87 to 159 metres depth and has an average lithium grade of 0.104% (equivalent to 1,238 mg/litre based on the average brine density of 1.184 g/cc). This 72-metre interval of lithium-bearing brine is consistent with Wealth's geological model for the Atacama Salar Project, as described in press release December 21, 2022, which is based upon a combination of previous geophysical studies, geological mapping, and publicly available data including the EIA1,2,3. True thickness is not described in the EIA, nor are results from the entire 161 meters of hole PN -001P.Figure 1: Map of Wealth Atacama License Package and SQM study area North ZoneTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4437/155880_02e801ea24ae5be6_002full.jpgSource: Wealth data, SQM, Google Maps. Note that information and data including deposits and infrastructure tha...