06:13:01 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



One World Lithium Inc
Symbol OWLI
Shares Issued 74,359,715
Close 2018-06-26 C$ 0.155
Market Cap C$ 11,525,756
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One World contractor completes survey at Diablo

2018-06-26 10:34 ET - News Release

Mr. Douglas Fulcher reports

ONE WORLD LITHIUM REPORTS ON GEOPHYSICAL RESULTS THE SALAR DEL DIABLO LITHIUM PROPERTY

SJ Geophysics has completed the fieldwork by conducting a regional Volterra TEM in-loop sounding survey in the northern third of One World Lithium Inc.'s Salar del Diablo lithium property which is located in Baja California Norte, Mexico. The survey totalled 79.5 line kilometres that consisted of seven lines spaced two kilometres apart with the line lengths varying between nine and 12 kilometres covering 150 square kilometres.

SJ Geophysics reports a thick part of the salar beneath the main salt flat covers approximately six square kilometres, which is highly conductive and difficult to estimate depth. However, the thick part is estimated to be over 100 metres thick. A less conductive part of the salar which is likely thinner covers approximately 24 square kilometres and is open ended beyond the present extent of the geophysical grid. This conductive layer appears to extend outside of the main salt flats suggesting that there is a highly conductive zone that underlies most of the grid. The company intends to drill test these conductive zones to determine whether or not the conductivity response may be caused by the presence of brine. The final report is expected shortly.

On receipt of the final geophysical report, data from the geophysical, geochemical and geological recent programs will be compiled to select drill site locations. In approximately 90 days the company plans to drill 4,000 metres totalling 15 holes to intersect the conductive zones that may contain lithium in brine. While the company has reviewed several offers to joint venture future exploration, it has elected to drill the property on its own.

John E. Hiner, SME registered and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this release.

About One World Lithium Inc.

One World Lithium, an exploration company, is focused on exploring and developing lithium projects of merit. It has an option to acquire up to a 90-per-cent working interest in the 75,400-hectare (754-square-kilometre) salar del Diablo property located in Baja California Notre, Mexico.

We seek Safe Harbor.

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