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Wealth Signs LOI to Acquire Pujsa Lithium Project, Salar de Pujsa, Chile
Wealth Signs LOI to Acquire Pujsa Lithium Project, Salar de Pujsa, Chile Wealth Si...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\nWealth Signs LOI to Acquire Pujsa Lithium Project, Salar de Pujsa, 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:1pt; TEXT-ALIGN: CENTER; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n\n\n\n\n\n\nWealth Signs LOI to Acquire Pujsa Lithium Project, Salar de Pujsa, Chile\nCanada NewsWire\nVANCOUVER, June 16, 2016\n\n\n\n\n\n\nVANCOUVER, June 16, 2016 /CNW/ - Wealth Minerals Ltd. (the \"Company\" or \"Wealth\") - (TSXV: WML; OTCQB: WMLLF; Frankfurt: EJZ), announces that it has executed a Letter of Intent (the \"LOI\") to enter into an option agreement giving it the right to acquire a 100% royalty-free interest in the Pujsa 1 to 7 exploration concessions located in the Pujsa Salar (the \"Property\"), Region II, northern Chile.\n\n\"Adding to the Company's recently announced acquisitions in the Salar de Maricunga and the Salar de Aguas Calientes Norte, Wealth is announcing a third acquisition, this time in the Salar de Pujsa.\" stated Henk van Alphen, Wealth's President & CEO.  \"In 2015, the Chilean authorities identified fifteen salars (salt flats) as having the highest potential and all of Wealth's acquisitions are included in that list.  Wealth is continuing to seek to acquire additional high-potential lithium brine projects in South America.\"\n\nProperty Details\n\nThe Salar de Atacama is currently the only salar 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 Pujsa Salar is included in this list (Figure 1).  Independent analysis published by signum BOX (June 2015) suggests an expected lithium concentration of 220 mg/l to 620 mg/l.  Wealth has not yet done any sampling at the Property to validate these levels of lithium concentration.\n\nThe non-producing salars in Chile have had limited exploration work com...