Tickers: XCNQ:OWLI, PINX:OWRDF
Tags: #Mining
Vancouver, BC, September 24, 2019 - One World Lithium Inc. (OTC:OWRDF) (CNSX:OWLI.CN) (the "Company" or "OWL") announces that it has reached an agreement with Layne de Mexico ("Layne") to continue its Phase Three drilling program before October 15, 2019 on its Salar del Diablo Property located in the State of Baja California, Mexico.
Mike Rosko from Montgomery and Associates ("M&A") (the "Operator"), Doug Fulcher, OWL's CEO and Kevin Milledge, a Director of OWL completed a site visit and met various service providers, including Layne in Hermosillo, Mexico during September 9th to the 13th, 2019. As a result, the Operator is proposing a 2,400-meter (8,000 feet) drilling program to complete up to three holes adjacent to previously partly drilled holes 1, 9, and 11 and an exploratory hole 50 kilometers to the south. Each hole has a planned depth of 600 meters.
Each hole will be drilled with a mud rotary rig that will set casing to 200 meters and then core drilled to the planned total depth of 600 meters. The Operator is planning to send Louis Gomez, an M&A hydrogeologist who has extensive experience in drilling lithium brine projects in Argentina, to supervise initial drilling and sampling operations.
The drilling program's objectives are:
--To determine the presence of aquifers that may contain concentrations of lithium in brines at depth;
--To collect representative, depth-specific groundwater samples for chemical analysis of major elements, including lithium;
--To obtain drill core samples for analysis for drainable porosity that will assist in resource estimations; and
--To use borehole lithologic descriptions to identify hydrogeologic units and the stratigraphy of the basin; to help calibrate existing and future geophysical surveys; and to create a hydrogeologic model to develop a potential future lithium resource.
As reported in the Company's news releases of August 22nd and September 5th, 2019, Mike Rosko, is a professional geologist, principal hydrogeologist and a Vice President with M&A, Operations Manager for M&A's Santiago Office as well as being a Qualified Person (QP) as defined by the Canadian National Instrument 43-101. Mike has managed projects in Bolivia, Brazil, Colombia, Chile, Argentina, Peru, Arizona, and Mexico and has spent much of his time developing water supplies and characterizing aquifer conditions in arid climates throughout South America. Mike Rosko has been a QP as well as an operator, for similar lithium brine exploration projects, including Galaxy Lithium's Sal de Vida Project, Millennial Lithium's Pastos Grandes Project, and Lithium America Corporation's Cauchari-Olaroz Project.
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. It currently has earned a 60% property interest with an option to acquire a further 30% property interest for a total of a 90% property interest in the 103,430 hectare (399 square mile) Salar del Diablo lithium brine project located in the State of Baja California, Mexico.
On behalf of the Board of Directors of One World Lithium Inc.,
"Douglas Fulcher"
Douglas Fulcher, CEO and President
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call 1-888-280-8128.
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. 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. 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 (II) accuracy of mineral or resource exploration activity (III) continued access to mineral property and (IV) 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.
Copyright (c) 2019 TheNewswire - All rights reserved.
