Wealth Minerals Joins OTCQX
|Date : ||05/10/2011 @ 7:00AM |
June 03, 2011
Wealth Commences Drilling on its Rodeo de los Molles Rare Earth Element Project, Argentina http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=460628&_Type=News-Releases&_Title=Wealth-Commences-Drilling-on-its-Rodeo-de-los-Molles-Rare-Earth-Element-Pro...
|May 04, 2011 ||Wealth Minerals Intersects Potentially Large, Bulk Tonnage, Uranium System at Bororo Nuevo Project in San Jorge Basin, Argentina http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=455185&_Type=News-Releases&_Title=Wealth-Minerals-Intersects-Potentially-Large-Bulk-Tonnage-Uranium-System-at... |
|April 11, 2011 ||Initial Sampling Confirms Presence of High-Grade Rare Earth Element Mineralization at Wealth's Rodeo de los Molles Project, Argentina http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=451248&_Type=News-Releases&_Title=Initial-Sampling-Confirms-Presence-of-High-Grade-Rare-Earth-Element-Mineral... |
|March 25, 2011 ||Wealth Grants 2,000,000 Stock Options http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=449066&_Type=News-Releases&_Title=Wealth-Grants-2000000-Stock-Options |
|March 23, 2011 ||Wealth Commences discovery drilling campaign on its Bororo Nuevo Uranium Property, San Jorge Basin, Argentina http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=448747&_Type=News-Releases&_Title=Wealth-Commences-discovery-drilling-campaign-on-its-Bororo-Nuevo-Uranium-Pr... |
|January 17, 2011 ||Rare Earth Element expert Dr. Mariano and Argentina REE specialist Dr. Lira Join Mr. Neill to Form Special Advisory Board on Rare Earth Elements http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=437945&_Type=News-Releases&_Title=Rare-Earth-Element-expert-Dr.-Mariano-and-Argentina-REE-specialist-Dr.-Lira... |
|January 04, 2011 ||Wealth acquires ~6,000 hectares of ground surrounding its Rodeo de los Molles Rare Earth Deposit, San Luis Province, Argentina http://www.wealthminerals.com/s/NewsReleases.asp?ReportID=436994&_Type=News-Releases&_Title=Wealth-acquires-6000-hectares-of-ground-surrounding-its-Rodeo-de-los-Molles... |
Company web-site: http://www.wealthminerals.com/s/Home.asp Wealth Minerals Ltd. is a junior exploration and mine development company. Wealth's geological team is currently focused in Argentina on two of the world's most strategically important commodities: rare earth elements and uranium. The Company has the option to acquire a 100% interest in the Rodeo de Los Molles rare earth deposit, and owns a 100% interest in the Bororo Nuevo project that covers 355 square kilometers within the world's last and least-explored sandstone-hosted uranium basin. The company is well-financed and active on both fronts with exploration and drilling.
|Market Value1 ||$28,525,348 ||a/o May 13, 2011 |
|Shares Outstanding ||50,044,471 ||a/o Apr 13, 2011 |
|Float ||40,695,665 ||a/o Apr 13, 2011 |
As a member of the Cardero Group of Companies, Wealth has access to some of the top financial, geological and technical people in the industry through its board and advisory panels. The Rodeo de los Molles
("RdlM") rare earth element ("REE") deposit
is located in San Luis Province, Argentina has an historical geologic
resource* of 5.6 Mt at 2.1% Total Rare Element Oxide ("TREO") and
Based on the historical data Wealth Minerals Ltd. assembled a land package of
over 6,000 hectares surrounding the historical deposit area and implemented
a 2-phase surface sampling program. The initial phase was successful in
confirming the tenor and high-grade nature of REE mineralization as indicated
in the historical reports. Highlights from the Phase I program consisted of 136
samples yielding an average of 1.70% TREO with individual assays as high as
28.9% TREO. Of particular note was the high grade mineralization encountered
at El Rulo (8.7 M grading 1.3% incl. 3.5 M grading 2.92%) which lies well
outside, but on strike between the historic deposits at Mina Norte and La Juli
to the south. Initial metallurgical results from outcrop sampling and stockpiled
quarry material indicate that mineralization is hosted in bastnasite, which is
geologically analogous to Molycorp's Mountain Pass deposit.
Confirmation and exploratory drilling will commence at Rodeo de los Molles in
late May 2011.