05:25:52 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



One World Lithium Inc
Symbol OWLI
Shares Issued 52,761,383
Close 2018-01-31 C$ 0.14
Market Cap C$ 7,386,594
Recent Sedar Documents

One World Lithium begins work at Salar Del Diablo

2018-02-01 10:24 ET - News Release

Mr. Douglas Fulcher reports

ONE WORLD LITHIUM ANNOUNCES GEOPHYSICAL AND GEOCHEMICAL PROGRAMS UNDERWAY AT SALAR DEL DIABLO AND PRIVATE PLACEMENT FUNDING

One World Lithium Inc.'s geophysical and geochemical sampling programs are under way with 12 staff members on the Salar Del Diablo lithium property in Mexico.

The company has also received more than $600,000 of its $1.5-million private placement offering of units at 15 cents with a two-year warrant at 20 cents. The private placement is subject to closing and regulatory approval.

Both the geophysical eight-man crew and the geochemical sampling four-man crew are working at the Salar del Diablo property. A time-domain electromagnetic survey has started to identify basin stratigraphy and locations of lithium in brine aquifers. At a later date, there will also be a gravity survey. The sampling crew has also started a 500-surface-sample program using an auger to collect the samples 18 inches from the surface. The company expects the program to be completed in 30 days, with the drilling program to follow. The company plans to drill several targets with a 4,000-metre/13,000-foot reverse circulation drilling program. In 2018, a similar program will be evaluating the southern half of the property.

There are 72 kilometres of grid lines which cover 25,000 hectares (96 square miles) in the northern half of the property. This grid has been located based on the geology and anomalous surface samples grading between 88 and 188 parts per million lithium.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.