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Wealth Signs LOI to Acquire Balance of Salar de Aguas Calientes, Chile
Wealth Signs LOI to Acquire Balance of Salar de Aguas Calientes, Chile Wealth Sign...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"\n\n\n\nWealth Signs LOI to Acquire Balance of Salar de Aguas Calientes, Chile\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\nWealth Signs LOI to Acquire Balance of Salar de Aguas Calientes, Chile\nCanada NewsWire\nVANCOUVER, June 22, 2016\n\n\n\n\n\n\nVANCOUVER, June 22, 2016 /CNW/ - Wealth Minerals Ltd. (the \"Company\" or \"Wealth\") - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ), announces that it has executed a Letter of Intent (the \"LOI\") to acquire an option giving it the right to acquire a 100% royalty-free interest in the Salar 1 and 2 exploration concessions (\"Concessions\") located in the Salar de Aguas Calientes (the \"Property\"), located in Region II, northern Chile.\n\n\"This acquisition is one of several potential acquisitions that Wealth management has been negotiating in the past weeks.  This acquisition is particularly important, as it gives Wealth control over the entire Salar de Aguas Calientes\" stated Henk van Alphen, Wealth's President & CEO, \"Wealth's aim is to continue seeking quality acquisitions over the coming weeks.\"\n\nProperty Details\n\nThe Salar de Atacama is currently the only salar (salt flat) in Chile which produces lithium.  Chile's Sernageomin (Servicio Nacional de Geologia y Minera) has published a list of 15 other high-potential Chilean salars, and the Aguas Calientes Norte Salar is included in this list.\n\nExploration concessions at the Salar de Aguas Calientes cover an area of approximately 25km2 (Figure 1) with 20km2 being subject to the option agreement to be acquired by Wealth as announced on April 27, 2016 (NR16-09) and the remaining 4km2 (the Concessions) now being subject to the option in favor of Wealth under the LOI.  Explorati...