Wealth Minerals Ltd. (CVE:WML) reports confirmation of presence of high-grade REE at its Rodeo de los Molles rare earth element project in San Luis Province, Argentina.
The press release is quoted as saying:
Following a highly successful recent property visit by Wealth’s specialist REE expert advisory committee comprised of Dr. Tony Mariano, Alastair Neill, and Dr. Raul Lira, the Company has decided to significantly increase the planned exploration and resource definition work on this exciting new discovery. Specifically, the advisory board commented on the well-developed near-site infrastructure, large land-package including outcropping potential REE mineralization (confirmed by this initial sampling program) and anticipated favourable metallurgical or recovery characteristics of the mineralization (test-work is currently in progress).
Wealth Minerals’ CEO, Henk Van Alphen says:
“The results returned from this initial phase of work at Rodeo confirm the existence of the high-grade REE mineralization reported by previous operators. While one of our primary objectives is to establish the presence of a National Instrument 43-101 estimated resource, the presence of high grade REE mineralization outside the historic deposit areas is especially encouraging and these targets will be tested during the upcoming drill program, which is anticipated commence in the very near future.”
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