Wealth Provides Update on the Mackenzie Project.VANCOUVER, British Columbia -- Wealth Minerals Ltd. (the "Company" or "Wealth") - (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:WML (Wireless Markup Language) A tag-based language used in the Wireless Application Protocol (WAP). WML is an XML document type allowing standard XML and HTML tools to be used to develop WML applications. It evolved from Openwave's HDML, but WML is not a superset of HDML. )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WMLLF)(FWB:EJZ), is pleased to provide an update of activities at the Mackenzie Project, British Columbia. The Mackenzie Project consists of five claim blocks aggregating a total of 65,904.476 hectares. The claims lie within a northwesterly north·west·er·ly adj. 1. Situated toward the northwest. 2. Coming or being from the northwest. north·west trending belt measuring roughly 90 km long by an average of 12 km wide. This belt is located near the town of Mackenzie, approximately 150 km north of the city of Prince George, British Columbia Prince George, with a population of 70,981 (census agglomeration of 83,225)[0], is the largest city in northern British Columbia and is known as "BC's Northern Capital". . The claims are underlain primarily by Late Proterozoic clastic clastic /clas·tic/ (klas´tik) 1. undergoing or causing division. 2. separable into parts. clas·tic adj. 1. and carbonate sedimentary rocks of the Misinchinka Group. Reconnaissance silt sampling in 2003 and 2004 outlined a number of drainages which are highly anomalous in gold. Subsequently, Wealth Minerals Ltd. optioned the project in 2005 and completed an extensive exploration program during August-October 2005. A total of approximately 2800 soil, silt and heavy mineral concentrate (HMC) samples were collected and to date results have been received for approximately 2000 samples. Approximately 85 HMC samples were collected and processed at the laboratories of CF Mineral Research in Kelowna, B.C. before being analyzed at Acme Analytical Laboratories in Vancouver, B.C. This HMC work confirmed and expanded the areas of anomalous gold in creeks as defined by the earlier work in 2003 and 2004. CF Mineral Research picked gold grains from a number of samples, had them mounted and produced conventional photomicrographs (see attached photos) and SEM (Scanning Electron Microscope scan·ning electron microscope n. Abbr. SEM An electron microscope that forms a three-dimensional image on a cathode-ray tube by moving a beam of focused electrons across an object and reading both the electrons scattered by the object and ) photographs. The gold grains are hackly hack·ly adj. Nicked or notched; jagged. [From hackle2.] and contain quartz and, are consistent with having been derived from nearby quartz vein sources. Detailed silt sampling and follow-up soil sampling of anomalous creeks has outlined a number of source areas in at least 8 separate drainages (see attached map). These source areas range in area from 15 sq. km to 80 sq. km. Numerous anomalous values in sieved stream sediment samples have been recorded to date and limited soil sampling has also returned anomalous values. An early snowfall in October prevented detailed work on these anomalous source areas. The Mackenzie Project exhibits many of the regional characteristics of Sediment Hosted Vein deposit (SHV) districts: e.g. Bendigo-Balarat, Australia; Muruntau - 80 M oz., Uzbekistan; Sukhoy Log - 20 M oz., and Olympiada, Russia and Macrae's Flat - 5 M oz., New Zealand. The project was examined in September 2005 by Dr. Paul Klipfel, a recognized authority on such deposits. Dr. Klipfel concurs that all the necessary criteria are present for the discovery of an SHV deposit or deposits. The Company expects to receive all of the results from the present exploration program by early December 2005. At that time, all the data will be assessed and planning initiated for the next stage in the exploration of this very large project. Wealth Minerals Ltd. is a mineral exploration company with 13.0 million shares outstanding, approximately Cdn$3.0 million in treasury and listings on the TSX Venture, OTCBB and Frankfurt Exchanges. On Behalf of the Board of Directors of WEALTH MINERALS LTD. Jerry Pogue, Director To view the attached map, please click on the following link: http://www.ccnmatthews.com/docs/location.pdf The view the attached photos, please click on the following links: http://www.ccnmatthews.com/docs/grain1.jpg http://www.ccnmatthews.com/docs/grain2.jpg http://www.ccnmatthews.com/docs/grain3.jpg This release contains forward-looking statements within the meaning of the "safe harbour" provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company assumes no obligation to update any forward-looking information contained in this news release. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content of this news re lease, which has been prepared by management. Wealth Minerals Ltd. (TSX VENTURE:WML) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :WMLLF) (FRANKFURT:EJZ) |
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