Page 122 of 863      News per page:1020

10.11.2019 (909 Clicks)

Fugro awarded large geotechnical Investigation to support Hong Kong International Airport Expansion

Airport Authority Hong Kong (AAHK) has awarded Fugro another significant land site investigation contract as part of the HKD 141.5 billion three-runway system (3RS) project for the expansion of Hong Kong International Airport.

08.11.2019 (920 Clicks)

IFC and Partners support major hydro-electric Plant in Nepal

IFC, a member of the World Bank Group, and a consortium of other lenders today finalized a $453 million debt financing package that will support the construction of a landmark hydroelectric plant in central Nepal. The plant will increase Nepal's electricity supply by one-third from today’s levels and provide clean, reliable power to up to 9 million people, part of a larger effort by IFC to create markets and fight poverty in the country.

07.11.2019 (988 Clicks)

Flatiron secures Contract for Critical Infrastructure Project in Washington

Construction on I-405, Renton to Bellevue Widening and Express Toll Lanes expected to begin in 2020

07.11.2019 (1073 Clicks)

Appointment of new CEO of Endomines AB

Endomines announces that it has appointed Greg Smith as Chief Executive Officer of the company. Greg has, on a consultancy basis, been leading Endomines’ operations in the US and Finland since June 5th 2019, when Endomines communicated that it was evaluating the appointment of Greg as CEO of Endomines. Greg Smith will assume the position of CEO as soon as he has been granted a Swedish work permit (Sw. ICT-tillstånd), which is expected to be granted in February 2020, by the latest.

07.11.2019 (934 Clicks)

Brenner Base Tunnel: Salini Impregilo completes 70% of Southern Lot Tunnelling

Salini Impregilo and partners Strabag, Consorzio Integra and Collini Lavori have done 70% of the excavation work on the southernmost lot of the Brenner Base Tunnel project.

05.11.2019 (802 Clicks)

Turquoise Hill announces Completion of Shaft 2 of Oyu Tolgoi Mine in Mongolia

Turquoise Hill Resources announces that Shaft 2 construction is complete and has entered into the final stages of commissioning.

04.11.2019 (1081 Clicks)

Ed Santamaria starts as President and CEO of Normet

Ed Santamaria, whose nomination as President & CEO of Normet was published on June 3rd, will start in his role today, November 4th. The interim CEO Aaro Cantell will return to his role as chairman of the board. Ed will be based in Normet’s Espoo office.

01.11.2019 (947 Clicks)

Metals & Mining Industry M&A deals in September 2019 total $1.9bn globally

Total metals & mining industry M&A deals in September 2019 worth $1.9bn were announced globally, according to GlobalData’s deals database.

01.11.2019 (913 Clicks)

Steel Piles from SSAB help Port of Gdańsk to jump up on the Podium

A new combi wall at the Port of Gdańsk, Poland, begun in February 2019, will result in a new wharf by 2020 that will be 1,220 m (4,000 ft) long. The most important part of the wharf, the steel piles, came from SSAB.

01.11.2019 (818 Clicks)

Wealth Minerals negotiates Land Access to Valsequillo Silver Project, Mexico

Wealth Minerals Ltd. reports it has successfully negotiated surface access rights to the Valsequillo Silver project (“Valsequillo” or the “Property”) located in southern Chihuahua state, Mexico. The Company has the option to acquire a 100% interest in the Property covering 2,840 hectares. The Property is located approximately 40 km southeast of the city of Hidalgo Del Parral within the Altiplano Polymetallic Belt of north-central Mexico. The Company 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 continued, “We have a unique perspective on Valsequillo due to the experience that one of our directors, Gordon Neal, has working with important silver development companies operating in 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 carried out by Wealth on the Property in 2012 identified two significant north-northwest trending structural corridors outlined by extensive artisanal workings that follow en-echelon and segmented precious and base-metal bearing quartz-sulphide (pyrite, galena, sphalerite and chalcopyrite) veins within a broad hornfels gossan. The mineral-alteration systems identified to date remain open for expansion in all directions.

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 that 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 believes that it can be rapidly and cost effectively brought to the drill stage now that surface access rights have been secured. Access and infrastructure are excellent and water is readily available, while the topography of the Property is moderate, with elevations averaging 1,700 m above sea level.

San Francisco and Santa Barbra (“SFSB”) District

The SFSB District, located roughly 40 km northwest of Valsequillo hosts mid-Tertiary age, polymetallic, vein/stockwork deposits which are significant lead-zinc-copper-silver producers in Mexico. These deposits are the closest analog to the surface mineralization observed at Valsequillo. Mineralization was first discovered at SFSB District 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 set out in this news release 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 verify and classify the historical estimates as 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 other than Valsequillo, including the properties located in the SBSF District, and that mineral deposits, and the results of any mining thereof, on such properties or any other adjacent or similar properties are not indicative of mineral deposits on Wealth’s properties or any potential exploitation thereof.

Valsequillo Property Details

Past artisanal mining activity concentrated on a number of epithermal, 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 Property (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 characterization 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 below 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, a north-northwest trending corridor up to 200 m wide (locally 600 m wide) can be traced for at least 1,500 m 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 m 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 significantly 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, north-northwest trending, quartz veins/shear zones can be traced for approximately 3,000 m along strike. This structural zone or corridor is at least 400 metres wide and contains several mineralized quartz-calcite-barite-sulfide veins which vary from 1 to 5 m in thickness. In unoxidized float and dump material, sulfides approximate 5 to 10% of the vein material and grades average 5% combined lead-zinc, 0.5% copper, 30 g/t silver and 20 to 100 PPB gold. Locally, there 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 SFSB Districts where some of the mineralized veins extend to more than 500 m depth.

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. Wealth 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.

Source: Wealth Minerals Ltd.