Wealth Minerals Ltd. has discovered a 6-metre-thick zone of massive sulphide mineralization exposed at surface at its Kootenay Project, located north of Revelstoke, British Columbia.
The semi-massive sulphide zone contains iron sulphides (pyrite), copper sulphides (chalcopyrite-bornite) and zinc sulphides and carbonate (sphalerite and hydrozincite) and was identified during field evaluation of a six-kilometre long highly prospective trend defined by favourable Lardeau Group geology, recently identified VTEM geophysical features, Ni-Cu-Zn soil geochemical anomalies and coincident magnetic anomalies . This newly identified semi-massive sulphide zone represents a priority target for Wealth Minerals and will be a focus of an immediate flow-through financing.
CEO, Hendrik van Alphen, commented: “The discovery of a 6 metre wide zone of massive sulphides within a 6 kilometre-long trend of prospective Lardeau Group rocks significantly enhances the potential of the Kootenay Project and warrants immediate follow-up exploration to maximize value for Wealth’s shareholders.” Mr. van Alphen added: Wealth Minerals remains steadfast in its commitment to advancing its core lithium assets but also intends to leverage the Kootenay Project, now a low-cost, technically driven, battery metals discovery to provide additional value to shareholders. Management is committed to keep the operating cost of the Kootenay Project low, and as soon as the project requires significant spending, we intend to divest of the Kootenay Project via a spin-out or similar transaction to Wealth shareholders.”
