One World to resume Salar del Diablo drilling
2021-03-16 12:00 ET – News Release
Mr. Douglas Fulcher reports
OWL ANNOUNCES DRILLING TO START APRIL 15TH AT ITS SALAR DEL DIABLO LITHIUM-BRINE PROPERTY
One World Lithium Inc., with the oversubscribed financing completed, will resume the phase 3 drilling program on April 15, 2021, at its Salar del Diablo property located in Baja California, Mexico. Crews will mobilize to DDH-3 drill location at the beginning of April and will start drilling on or before April 15. If the results of DDH-3 warrant, the DDH-4 will be drilled in the same area. Montgomery & Associates will continue to be the Operator for the remainder of the phase three program.
As previously reported, DDH-3 (diamond drill hole) is located approximately 50 kilometers to the south of DDH-2. Mike Rosko of Montgomery & Associates had previously suggested exploration in the southern end of the Property where there is evidence of historic and currently active hydrothermal activity in the south and that hydrothermal activity can be a source of lithium such as in the Lithium Triangle in Chile and Argentina.
The prospective area of possible hydrothermal activity may cover up to 20,000 hectares. In keeping with this, the operator chose the location to drill DDH-3 where an all weather road provides excellent access to DDH-3 location.
Layne Drilling from Hermosillo, Mexico has been engaged again to carry out this phase of drilling. The same skidder mounted drill rig that drilled DDH-1 and -2 will be used for drilling this phase. On DDH-1 it reached a total depth of 650 meters.
On completing Phase three, OWL will have earned an additional 20 percent property working interest from Energy Metals Discovery Group for an 80 percent property working interest.
Doug Fulcher, the Company’s President and CEO said “Last year proved to be a very tough year for exploration Companies to start and carry out their exploration programs. Now that we are funded, our Company can complete Phase three drilling without operational concerns or further financing.”
Mike Rosko, SME Registered member and a Qualified Person as defined by the Canadian National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release.
About One World Lithium Inc.
One World Lithium Inc. is an exploration company focused on lithium in brine projects and new lithium separation technologies. OWL has the right to own 100% of the separation technology, subject to a positive proof of concept program. OWL has earned a 60% property interest in the Salar del Diablo property. On completing the Phase three drill program, OWL will earn an additional 20% property interest and has an option to purchase a further 10% property interest for a total of a 90% property interest in the 103,450 hectare (399 square mile) Salar del Diablo Lithium Brine project located in the State of Baja California, Mexico.
We seek Safe Harbor.
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