Subject to TSX Venture Exchange acceptance, Wealth Minerals Ltd. (TSXV:WML,OTCQX:WMLLF,FWB:EJZ) has acquired the option to acquire a 100% interest in the Valsequillo Silver project in the southern Chihuahua state of Mexico. Located approximately 40 kilometres southeast of the city of Hidalgo Del Parral within the pre-eminent Altiplano Polymetallic Belt of north-central Mexico, initial reconnaissance work has identified extensive broad zones of precious and base metal mineralization – surface samples returned values up to 16.6% zinc-lead, 6.6% copper and 629 g/t silver.
As quoted in the press release:
Analysis indicates that the large 3,000 hectares property covers the uppermost portion of a Tertiary porphyry/subvolcanic system with potential for high grade and/ or bulk tonnage, polymetallic-precious metal type mineralization analogous to the setting at the Levon Resources Cordero project (located 50 kilometres to the north) or Goldcorp’s Peñasquito project (located about 350 kilometres to the southeast) within the Altiplano Polymetallic Belt. The property is unexplored by modern methods and can be rapidly and cost-effectively brought to the drill stage in a timely manner. Access and infrastructure are excellent, topography is moderate with elevations averaging 1,700 metres and water is readily available.