VANCOUVER, B.C., February 19, 2019 – One World Lithium Inc. (CSE-OWLI) (“OWL”) (the “Company”) has signed a contract with Layne de Mexico to drill 4,200 meters, (14,000 feet) on its Salar del Diablo Property located in the State of Baja California Norte, Republic of Mexico.
Layne has contracted to drill 12 reverse circulation holes with depths varying between 150 (500 feet) and 500 meters (1,650 feet). Layne plans to use either a Schramm TH100A or 685 rig, both of which are capable of drilling to 500 meters.
The rig will be available by the end of February, 2019. The drilling program may take up to 40 days to complete. Layne de Mexico is part of the Mineral Exploration Division of Layne Christensen that specializes in mineral exploration drilling programs globally.
The drill holes are planned to test three geophysical highly conductive zones as previously reported on July 03 and 17, 2018 and two geochemical surface sampling anomalies as previously reported on April 11, 2018. The geophysical zones are correlative with the lithium geochemistry anomalies and cover more than 54 square kilometers. Two of the zones are open ended as they extend beyond the geophysical survey grid area. Zone one may be more than 100 meters (330 feet) thick and zone three may be more than 200 meters (660 feet) thick. The zones are so conductive that they could contain brines.
The geochemical anomaly is 150 square kilometers with surface samples assaying up to 196 parts per million lithium with an average grade of 84 parts per million.
OWL currently owns a 60% property interest and on completion of this drill program it will then own an 80% property interest.
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About One World Lithium Inc.
OWL is an exploration Company focusing on exploring and developing lithium in brine projects of merit with its initial project Salar del Diablo prospect that has been acquired by staking claims covering 75,400 hectares (290 square miles).
John E Hiner, SME Registered Member and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release.
On behalf of the Board of Directors of One World Lithium Inc.,
“Douglas Fulcher”
Douglas Fulcher, President and CEO
For further information, please contact [email protected] or visit www.oneworldlithium.com
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation concerning the business of the OWL. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including the intention of OWL to proceed with the advancement of the Property and intentions regarding the proposed exploration and drill programs. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. Forward looking statements contained in this press release are made as of the date of this press release. OWL disclaims any intent or obligation to update publically any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company’s expectations include: (I) inability of OWL to execute its business plan and raise the required financing and (II) risks and market fluctuations common to the mining industry and lithium sector in particular. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the OWL. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Original Article: https://oneworldlithium.com/2019/02/19/drilling-contract/
