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One World Lithium reaches 220 meters depth with first hole at Salar del Diablo project

Layne Drilling is drilling the project 24 hours a day, seven days a week, and operator Montgomery & Associates has reported no difficulties

Lithium
As reported last week, the company is planning a 2,400-meter program consisting of four boreholes on the 103,430-hectare project

One World Lithium Inc (CSE:OLWI) (OTCMKTS:OWRDF) told investors on Monday that the first borehole (#1A) drilled at the Salar del Diablo lithium brine project in Baja California, Mexico reached a depth of 220 meters on Sunday, October 20.

As reported last week, the company is planning a 2,400-meter program consisting of four boreholes on the 103,430-hectare project.

In a statement, the company said the first hole was cased to a depth of 200 meters and drilling subsequently reached a depth of 220 meters (720 feet) at mid-day.

One World Lithium said Layne Drilling is drilling the project 24 hours a day, seven days a week, and operator Montgomery & Associates has reported no difficulties.

The firm added that changes to the drilling method for this Phase Three program have been successful and drilling to target depths of up to 600 meters are expected to be achieved.

It pointed out that each borehole will be drilled to 200 meters with a mud rotary rig and then drilled and sampled using diamond coring methods to the planned maximum depth of 600 meters.

Three holes are planned to be drilled, near previously drilled holes 1, 9 and 11 on the property which reached total depths of nearly 200 meters. The fourth will be drilled on the southern third portion of the property that is around 50km south of the previous drill holes as an exploratory hole to gain a better understanding of lithium anomalies found in the area

Montgomery & Associates will use the results of the drilling and sampling program to recommend the next steps for the Phase Three program.

Shares in Toronto added 8% to stand at C$0.14 on the day.

---Updates for share price---

Quick facts: One World Lithium Inc.

Price: 0.1 CAD

CSE:OWLI
Market: CSE
Market Cap: $9.3 m
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Watch

One World Lithium prepares to drill at the Salar Del Diablo Project in Mexico.

One World Lithium (CSE:OWLI) Chief Geologist John Hiner sat down with Steve Darling from Proactive Investors Vancouver to talk about the drilling program about to begin at the Lithium Project in Mexico. Hiner talked about the excitement surrounding this area and how they decided on the holes...

on 03/05/2019

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