Regular readers will know the law, for those new to this happy space here you go:
“The
IKN First Law of Mining News Releases: Considering that anything
contained in a mining news release is presented in the best possible way
for the company in question, any piece of information contained in a NR
that comes across in any way negative means the real news and/or events
behind it must be very, very bad indeed.”
And here’s Wealth Mineral (WML.v):
Vancouver, British Columbia: Wealth Minerals Ltd.
(the “Company” or “Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL;
Frankfurt: EJZN), announces delays in its Atacama Project (the
“Project”) drilling program. The Company mobilized and transported a
sonic drill rig to the Project area this week, at which time local
community representatives expressed concerns to Wealth’s drilling crew
about the Project’s impact on the area. While legally within its rights
to continue drilling, the Company has chosen a non-confrontational
approach with local stakeholders. As a result, Wealth is undertaking
additional consultation with local community representatives, government
officials and with Wealth’s state-partner, Empresa Nacional de Minería de Chile (National Mining Company of Chile) (“ENAMI”).
Continues here. So much for having the big name local expert Marcelo Awad on board…