Thursday, October 13, 2011 6:57:35 AM
Wealth Drills Additional High-Grade Rare Earth Element Mineralization at Rodeo de los Molles Project, Argentina
R11-N-03: 0.69% TREO over 37.60 metres including 1.02% TREO over 22.85 metres
R11-N-04: 0.85% TREO over 32.70 metres including 1.39% TREO over 19.25 metres
FOR IMMEDIATE RELEASE......Vancouver, British Columbia: Wealth Minerals Ltd. (the "Company" or "Wealth") - (TSXV: WML, OTCQX: WMLLF; Frankfurt: EJZ), announces results from an additional four diamond drill holes completed at its Rodeo de los Molles ("Rodeo") Rare Earth Element ("REE") Project in San Luis Province, Argentina.
Drill holes R11-N-03, -04, -05 and -06, tested high-grade, outcropping REE mineralization located at the northern end of the 450 metre by 250 metre Mina Norte zone (Figure 1) and each intersected significant REE mineralization (Table 1).
Table 1: Significant Drill Results*
Hole ID Zone From
(metres) To
(metres) Interval
(metres) TREO
(%) Nd2O3/T
REO (%) Nd2O3+Pr2O3/
TREO (%)
R11-N-01** Mina
Norte 0.00 EOH 27.45 0.73 17.8 23.1
incl. 0.00 13.70 13.70 1.36 17.8 23.1
incl. 3.80 10.00 6.20 2.14 17.6 23.0
R11-N-02** Mina
Norte 0.00 EOH 44.50 0.83 17.9 23.3
incl. 9.05 34.05 25.00 1.31 17.8 23.2
incl. 21.80 28.95 7.15 2.16 17.4 22.8
R11-N-03 Mina
Norte 0.00 EOH 37.60 0.69 17.8 23.0
incl. 5.00 27.85 22.85 1.02 17.8 23.1
incl. 21.00 27.85 6.85 2.30 17.6 22.9
R11-N-04 Mina
Norte 0.00 EOH 32.70 0.85 18.0 23.2
incl. 4.65 23.90 19.25 1.39 18.0 23.1
incl. 15.65 21.40 5.75 2.40 17.9 23.1
R11-N-05 Mina
Norte 0.00 EOH 26.30 0.34 18.7 24.2
R11-N-06 Mina
Norte 0.00 EOH 31.20 0.31 19.5 24.9
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