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Wealth Signs Definitive Agreement for Option to Acquire up to 100% of Noyell Property, Located East of N2 Property, Quebec
VANCOUVER , July 27, 2015 /CNW/ - Wealth Minerals Limited.  ("Wealth" or the...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, July 27, 2015 /CNW/ - Wealth Minerals Limited.  (\"Wealth\" or the \"Company\") \") - (TSXV: WML; Frankfurt: EJZ), announces that it has executed a definitive agreement whereby it has the exclusive option (the \"Option\") to acquire up to a 100% interest in the Noyell Property (the \"Property\" or \"Noyell\") from Brionor Resources Inc. (\"Brionor\") through issuance of common shares of the Company valued at $850,000 over four years.  The Property is contiguous with the Company's N2 property in Quebec (Figure 1).\n\nNoyell Property Detail\n\nThe known gold mineralization trend on the N2 property extends for approximately 7 kilometres (\"km\") in an east-west orientation.  The Noyell Property is contiguous with the Company's N2 property and represents a potential extension of 5 km for a total strike length of 12 km (Figure 1).  The Noyell Property contains two known zones of mineralization (Zone 1 and Zone 2) defined through historical drilling.\n\nAcquisition of the Noyell Property is premised on the interpretation that there is considerable potential to verify and expand historically defined mineralization and to discover new mineralized zones.  Linear magnetic highs, shown as bright purple trends on Figure 1, define potentially mineralized structural zones, such as the one associated with the former producing Vezza Gold Deposit and those associated with known mineralization on N2 and Noyell.\n\nAt Noyell, the main magnetic high, located immediately south of Zones 1 and 2, has not been significantly tested by drilling and remains open for discovery of additional mineralization.  In addition, historical data defines an induced polarization (\"IP\") anomaly immediately east of Zone 2 that is also untested.\n\nThe terms of the transaction, which are contained in an option agreement dated July 23, 2015, are as previously outlined in NR15-08 (June 15, 2015).  The option agreement is subject to the acceptance for filing thereof on behalf of Wealth by the TSX Venture Exchange.\n\nQualified Person\n\nMarian Myers, M.Sc., P.Geo., a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein.  Ms. Myers is not independent of th...