Wealth Minerals Ltd. Receives Positive Geophysical Results for the Trinity Lithium Brine Project, Northern Chile
January 24, 2018 at 02:02 am
Share
Wealth Minerals Ltd. reports that it has received positive results from geophysical surveys conducted on and around certain concessions in the company’s Trinity project that comprise a portion of the Trinity project, and has identified a high-priority drill target for planned testing in March 2018. Transient Electromagnetic (“TEM”) surveys identified highly conductive zones, which are interpreted to represent porous media with high-salinity fluids (potentially lithium-bearing brines) at depth. Multiple anomalies are identified within the survey area with several potential drill targets. On the basis of TEM data, Line 2 southwest of surface brine area, represents the high priority target with the high tenor conductivity (lower resistivity) suggesting greater saturation and/or higher salinity. The survey was completed by Southernrock Geophysics S.A. and consisted of a total of 88 stations of 200m coincident loop TEM sites located along 11 lines. Data was processed according to standard methodologies and 1D inversion modelling was used to generate compiled sections and 3D visualizations. Independent analysis published by signum BOX (2014) differentiates the top 15 lithium brine projects in Chile as Tier 1, 2 or 3. The Project is listed as Tier 1, together with Atacama, Maricunga, Pedernales, and La Isla. Projects in this top-tier category have an expected lithium concentration ranging from 423 mg/l to 1,080 mg/l. The Company has not completed sampling of surface brines, but historical sampling completed in 2013 by SERNAGEOMIN (Chilean National Geology and Mining Service) returned surface brine lithium grades ranging from 6 to 425 mg/l. The option to acquire the original exploration concessions in the Project was acquired by the Company in 2016 and comprise an area of 2,400 hectares covering the southern portion of the basin, with the remainder of the surface brines (5,900 hectares) in the basin being held by Sociedad Química y Minera. Access to the property is via Route 27, a paved highway which transects the northern portion of the property. The Project is located in San Pedro de Atacama, Province of El Loa, II Region of Antofagasta, Northern Chile.
Wealth Minerals Ltd. is a Canada-based mineral resource company. The principal business activity of the Company is the exploration for minerals and the development of exploration and evaluation assets, primarily in Chile, Canada, Peru, and Mexico. Its projects include the Atacama Lithium Project, the Kuska Salar Project, and the Kootenay Project. The Atacama Salar project covers an area of approximately 46,200 hectares (ha) located in the northern part of Atacama Salar, in Region II of Chile. The concessions are adjacent to highway 23, which connects northern Chile with Argentina. The Kuska project consists of 8,000 hectares located in northern Chile, Region II, near the Chile-Bolivia border and approximately 200 kilometers (km) due north from Atacama. It also holds 2,500 ha of license area adjacent to the Kuska Project in the Ollague Salar in Chile. Its Kootenay project comprises two separate claim blocks: Ledgend, totaling 1728 hectares, and Lardeau-Goldsmith, covering 6918 hectares.