Wealth Minerals Negotiates Land Access to Valsequillo Silver Project, Mexico
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR19-23 October 30, 2019
Wealth Minerals Negotiates Land Access to
Valsequillo Silver Project, Mexico
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
(the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WM LCL; Frankfurt:
EJZN), reports it has successfully negotiated surface access rights to the Valsequillo Silver project
(“Valsequillo” or the “Property” ) located in southern Chihuahua state, Mexico (Figure 1). The
Company has the option to acquire a 100% interest in the Property covering 2,840 hectares. The
Property is located approximately 40 kilometres southeast of the city of Hidalgo Del Parral within
the Altiplano Polymetallic Belt of north-central Mexico. The C ompany can acquire a 100%
interest in the Property by making payments to the underlying arm’s length vendors of the Property
in the aggregate amount of USD $6.0 million over a 90-month (7.5 years) period (see news release
dated October 15, 2015).
Henk van Alphen, Wealth’s CEO, stated “Valsequillo has been an asset on our books for some
time, but only recently have we been able to agree on terms with the surface rights owners to allow
access to the Property and carry on exploration where we left off in 2012. It is a highly prospective
silver target and in a geological setting similar to other familiar Mexican silver occurrences. While
we remain focused on lithium and battery metals, the potential to add value at Valsequillo is great,
and will not distract from our core activity.” Mr. van Alphen c ontinued, “We have a unique
perspective on Valsequillo due to the experience that one of ou r directors, Gordon Neal, has
working with important silver development companies operating i n Latin America, including
Mr. Neal’s role as Vice President Corporate Development at MAG Silver Corp. for over eight
years and his current position as President of New Pacific Metals Corp.”
Jim Dawson, Special Development Advisor to Wealth, said “In the course of my long career in
exploration, including 16 years as a Director at Minefinders Corp. working in Mexico, I have never
been more excited about a silver exploration target than I am about Valsequillo.”
Initial reconnaissance work carri ed out by Wealth on the Proper ty in 2012 identified two
significant north-northwest trending structural corridors outlined by extensive artisanal workings
that follow en-echelon and segm ented precious and base-metal be aring quartz-sulphide (pyrite,
galena, sphalerite and chalcopyrite) veins within a broad hornf els gossan. The mineral-alteration
systems identified to date remain open for expansion in all directions (Figure 2).
Analysis by the Company indicates that the Property covers the upper portions of an intermediate
sulfidation, epithermal system. The Property is prospective for high grade and/or bulk tonnage
polymetallic/precious metal type mineralization analogous to th at found at the nearby San
Francisco del Oro – Santa Barbara districts (SFSB districts) within the altiplano polymetallic belt.
The Property is unexplored by modern methods and the Company be lieves that it can be rapidly
and cost effectively brought to the drill stage now that surfac e access rights have been secured.
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Access and infrastructure are excellent and water is readily available, while the topography of the
Property is moderate, with elevations averaging 1,700 metres above sea level.
Figure 1. Valsequillo Location Map
San Francisco and Santa Barbra (“SFSB”) District
The SFSB District, located roughly 40 km northwest of Valsequil lo hosts mid-Tertiary age,
polymetallic, vein/stockwork deposits which are significant lea d-zinc-copper-silver producers in
Mexico. These deposits are the closest analog to the surface mi neralization observed at
Valsequillo. Mineralization was first discovered at SFSB Distri ct in 1547 and production has
continued intermittently to the present day. Total past production is estimated to be in the order of
40 million tonnes. Daily production at Santa Barbara District ( as of 1989) was roughly
4,800 tonnes with an average grade of 0.34 g/t Au, 107 g/t Ag, 2.2% Pb, 3.6% Zn and 0.5% Cu.
Estimated reserves as of that date were quoted as 46 million tonnes. Total historical production of
silver from the SFSB District as a whole is estimated at roughly 550 million ounces.
Wealth is not treating the historical estimates se t out in this news rele ase as current mineral
resources or mineral reserves. Although Wealth believes this source to be generally reliable, such
information is subject to interpretation and cannot be verified with complete certainty due to limits
on the availability and reliability of raw data and other inherent limitations and uncertainties. A
qualified person has not done sufficient work to ver ify and classify the hi storical estimates as
Wealth Minerals Ltd. - 3 - October 30, 2019
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current mineral resources or mineral reserves. There are no other recent estimates or data
available to Wealth or to which Wealth is aware of as of the date of this news release.
Readers are cautioned that Wealth has no interest in or right to acquire any interest in any other
property depicted in Figure 1 other than Valsequillo, including the properties located in the SBSF
District, and that mineral depos its, and the results of any mining thereof, on such properties or
any other adjacent or similar pr operties are not indicative of mineral deposits on Wealth’s
properties or any potential exploitation thereof.
Valsequillo Property Details
Past artisanal mining activity c oncentrated on a number of epit hermal, zinc-lead-copper-silver
veins and/or stockwork and silicified zones. Mineral occurrences are predominantly concentrated
within two northwest-trending corridors along the eastern and western margins respectively, of an
elongate color anomaly (gossan) occupying the bulk of the Prope rty (Figure 2). There is no
evidence of any modern exploration activity.
During the course of the Company’s previous exploration of the Property in 2012, a total of 176
rock samples were taken. These samples are best described as ch aracterization samples as they
were generally grab samples from outcrops (65%) and float/dump material (35%) at some of the
many old workings on the Property. Assay values ranged from bel ow detection to 2.68 g/t gold
(average 0.15 g/t gold), 629 g/t silver (average 34 g/t silver) , 9.47% copper (average 0.28%
copper), 16.55% lead (average 0.52% lead) and 6.38% zinc (average 0.5% zinc).
Western Corridor
At the western edge of the gossan area (Figure 2), a north-nort hwest trending corridor up to
200 metres wide (locally 600 metres wide) can be traced for at least 1,500 metres and is still open
in both directions along strike. To the south the system trends on to a third party claim. There are
two main veins and associated splays within the corridor. The overall width of the two main veins
(west and East veins) is up to 4 metres each and the veins dip steeply away from each other. Both
main veins consist predominantly of vuggy, epithermal quartz with varying amounts of calcite and
barite as well as scattered clots of base metal sulfides, secondary iron oxides and minor sulfosalts.
Base metals predominate but copper and silver values are signif icantly higher than those present
in the eastern Corridor. They are most similar to late-stage veins in the SFSB District.
Eastern Corridor
Near the eastern edge of the gossan, a series of en-echelon, no rth-northwest trending, quartz
veins/shear zones can be traced for approximately 3,000 metres along strike. This structural zone
or corridor is at least 400 metr es wide and contains several mi neralized quartz-calcite-barite-
sulfide veins which vary from 1 to 5 metres in thickness. In un oxidized float and dump material,
sulfides approximate 5 to 10% of the vein material and grades a verage 5% combined lead-zinc,
0.5% copper, 30 g/t silver and 20 to 100 PPB gold. Locally, the re are shoots of higher grade
material which returned values up to 10% combined lead-zinc, 1% copper and 100 to 150 g/t silver.
Again, the mineralization is similar to that present at the SFS B Districts where some of the
mineralized veins extend to more than 500 metres depth.
Wealth Minerals Ltd. - 4 - October 30, 2019
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Figure 2: Valsequillo geology and sampling results
The boundary of the Property is indicated in red; greyed areas are 3rd party concessions, to
which the Company has no interest.
Qualified Person
John Drobe, P.Geo., Wealth’s Exploration Manager and a qualified person as defined by National
Instrument 43-101 Standards of Disclosure for Mineral Projects , has reviewed the scientific
information that forms the basis for this news release, and has approved the disclosure herein.
Wealth Minerals Ltd. - 5 - October 30, 2019
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Mr. Drobe is not independent as he is a consultant and shareholder of Wealth and holds incentive
stock in the Company.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The
Company’s main focus is the acquisition and development of lithium projects in South America.
The Company opportunistically advances battery metal projects, namely copper and nickel, where
it has a peer advantage in project selection and initial evaluation.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. Wea lth is positioning itself to be a
major beneficiary of this future mismatch of supply and demand. In parallel with lithium market
dynamics, Wealth believes other battery metals will benefit from similar industry trends.
For further details on the Compa ny readers are referred to the Company’s website
(www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Chief Executive Officer
For further information, please
contact:
Marla Ritchie, Henk van Alphen or Tim McCutcheon
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared
by management.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, statements with respect to anticipated exploration program results from
exploration activities, the Company’s expectation that Wealth will enter into agreements to acquire interests in
additional mineral properties, the discovery and delineation of mineral de posits/resources/reserves, the exercise of
the option to acquire the Property, and the anticipated business plans and timing of future activities of the Company
are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by
words such as: “believes”, “expects”, “ anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”,
“will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their
nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making
the forward-looking statements in this news release, the Company has applied several material assumptions, including
without limitation, that the Company will maintain surface access rights at the Property in order to complete its
Wealth Minerals Ltd. - 6 - October 30, 2019
NR19-23 – Continued
planned activities, that market fundamentals will result in sustained silver, lithium, battery metals and precious metals
demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the
future development of the Company’s projects in a timely manner, including the Property, and the Company’s ability
to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed or implied by the forward-looking information. Such risks and other factors include,
among others, operating and technical difficulties in connection with mineral exploration and development activities,
actual results of exploration activities, including on the Pr operty, the estimation or realization of mineral reserves
and mineral resources, the fact that the Company’s interest in the Property is an option only and there is no guarantee
that such interest, if earned, will be certain, the timing and amount of estimated future production, the costs of
production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional
capital, future prices of silver, lith ium, copper, cobalt and nickel, changes in general economic conditions, changes
in the financial markets and in the demand and market price for commodities, accidents, labour disputes and other
risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of
development or construction activities, changes in laws, regulations and polic ies affecting mining operations, title
disputes, the inability of the Company to obtain any nece ssary permits, consents, approvals or authorizations, the
timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint
venture operations, and other risks and uncertainties disclosed in the Company’s annual and quarterly management’s
discussion and analysis and filed with the Canadian Securities Authorities. All of the Company’s Canadian public
disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the
technical reports filed with respect to the Company’s mineral properties.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.