The Wolfson Centre for Bulk Solids Handling Technology

Trinity test drilling on target

(Posted on 09/05/18)

Wealth Minerals Ltd., a mineral resource company focussed on the acquisition and development of lithium projects in Chile, South America, is finalizing a drill contract and expects to begin drilling before the end of May 2018. Drilling will consist of three drill holes to test priority drill targets identified during Transient Electromagnetic surveys.

“Wealth holds the largest portfolio of lithium brine projects in Chile and our recently announced partnership with ENAMI has paved the way for development of those projects. With this critical partnership, the Company has shifted priorities from accumulation of projects to systematic technical evaluation to determine which projects will be prioritized moving forward, especially now with the ENAMI alliance that allows both Companies to move the projects forward quickly. Henk van Alphen, Wealth Minerals’ CEO, stated: “The worldwide demand for inexpensive and accessible lithium is on the verge of a dramatic spike with the continued implementation of new transportation and communication technologies and an ever-increasing demand for energy-storage solutions. Wealth’s project portfolio is poised to become an increasingly important factor in the global lithium industry, and we have a visionary strategy for bringing this essential commodity to market.”

“Drill testing of targets at Trinity is an important step in a process that will see several projects evaluated by the end of H1 2018.” Mr. van Alphen continued, “The Company is planning an initial program of three holes to test highly conductive zones interpreted to represent potential near-surface lithium brines.”