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One World Lithium completes second drill hole on Salar del Diablo lithium project

It is in the midst of a four-hole drill campaign on the lithium project in the State of Baja California, Mexico

One World Lithium Inc. -
The second drill hole, DDH-2, reached a total depth of 594 meters

One World Lithium Inc (CSE:OWLI) (OTCMKTS:OWRDF) is continuing to see progress from its current four-hole drill campaign on the Salar del Diablo lithium project in the State of Baja California, Mexico. 

The company told investors on Thursday that a second drill hole, DDH-2, has reached a total depth of 594 meters (m), with three material samples taken from depths between 431 and 150 m. 

A third drill hole, DDH-3, is being planned 50 kilometers (km) south of DDH-2, which is also 20 km from the southern border of the project. 

READ: One World Lithium making progress with drill program at Salar del Diablo lithium brine project in Mexico

The first hole drilled as part of the company’s current program at Salar del Diablo reached a depth of 650 m, with five samples retrieved from between 633 and 235 m.

Montgomery & Associates was appointed as the project’s operator over the summer, thanks to the firm’s expertise in drilling Salar brine deposits in South America.

"There is evidence of historic and currently active hydrothermal activity in the south near the DDH-3 proposed location,” noted Mike Rosko, vice president at Montgomery & Associates.

“Hydrothermal activity can be a source of lithium, such as in the Lithium Triangle in Chile and Argentina. Depending on the results from DDH-3 the fourth hole may be drilled in the same area."

OWL said it will not receive the drilling permit for DDH-3 for about another 10 days due to a procedural delay. The firm expects to begin drilling DDH-3 on January 6, 2020.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: One World Lithium Inc.

Price: 0.045 CAD

CSE:OWLI
Market: CSE
Market Cap: $4.18 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

2 min read