One World Lithium Reports On Geophysical Results The Salar Del Diablo Lithium Property
One World Lithium Inc. (CSE-OWLI) (the “Company”)
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VANCOUVER, BC – JUNE 26, 2018 – One World Lithium Inc. (CSE:OWLI) (the “Company”) announces that SJ Geophysics has completed the field work by conducting a regional Volterra TEM in-loop sounding survey in the northern third of the Salar del Diablo lithium property (the “Salar”) which is located in Baja California Norte, Mexico. The survey totaled 79.5 line kilometers that consisted of seven lines spaced two kilometers apart with the line lengths varying between nine and 12 kilometers covering 150 square kilometers.
SJ Geophysics reports a thick part of the Salar beneath the main salt flat covers approximately six square kilometers, which is highly conductive and difficult to estimate depth. However, the thick part is estimated to be over 100 meters thick. A less conductive part of the Salar which is likely thinner covers approximately 24 square kilometers 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 meters totaling 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 Inc. (“OWL”) an exploration Company is focused on exploring and developing lithium projects of merit. It currently has an option to acquire up to a 90% working interest in the 75,400 hectares or 754 square kilometers) Salar Del Diablo Property located in Baja California Notre, Mexico.
On behalf of the Board of Directors of One World Lithium Inc.,
“Douglas Fulcher”
Douglas Fulcher, President and CEO
For further information, please contact:
Darren@oneworldlithium.com and/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
