Vancouver, BC - TheNewswire - March 18, 2020- One World Lithium Inc. (OTC:OWRDF) (CSE:OWLI) (CNSX:OWLI.CN) (the "Company" or "OWL") announces drilling, environmental, and occupancy permits have been approved to drill two key locations at the south end of the Salar del Diablo Property located in the State of Baja California, Mexico. Proposed exploration targets DDH-3 and DDH-4 (diamond drill holes) are located 50 kilometers (31 miles) south of previous drill hole DDH-2 in the north portion of the property. Mike Rosko of Montgomery and Associates ("M&A") is the Operator and has recommended these locations as "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".
Drilling DDH-3 will start as soon as the diamond drill rig is on site.
Mike Rosko is a Vice President of Montgomery and Associates with their offices in Argentina, Chile, and Peru reporting to him. He has been operator for many salar brine projects including Galaxy Lithium's Sal de Vida deposit, Millennial Lithium's Pastos Grandes deposit, and Lithium America's Cauchari-Olaroz deposit. Mike has a Master's of Science in Geology degree and is a Certified Professional Geologist.
Doug Fulcher, President and CEO of OWL notes "the lithium exploration and development sector remains robust with the current spot price of lithium carbonate (LCE) remaining at $8,700 per tonne. The second phase of exploration drilling in the southern part of the project area is compelling given the potential of the targets.
4 x 4 Skid Mounted Diamond Drill - Capable of Drilling in excess of 600 meters
This drill rig will be used to drill DDH-3 and DDH-4
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 exploration project located in the State of Baja California, Mexico.
On behalf of the Board of Directors of One World Lithium Inc.
Douglas Fulcher, CEO and President
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.