VANCOUVER, B.C., December 13, 2018 – One World Lithium Inc. (CSE-OWLI) (“OWL”) (the “Company”) is in the process of reaching an agreement on a provisional bid to complete a 12 hole – 4,200 meter (13,800 foot) drilling program with an international drilling company that has regional operations in Hermosillo, Mexico.
The provisional bid is subject to a site visit on December 18, 2019 and the issuance of a drilling permit. The program is expected to start between mid-January and February 2018.
A truck mounted reverse circulation drill rig capable of drilling vertical holes to a 500 meter or 1,600 foot depth will be used for drilling and testing potential pay zones.
As previously reported on November 08, 2018 three highly conductive geophysical zones may be intersected by 10 holes and the geochemical anomaly may be intersected by two holes.
On completing the drilling and testing program, the Company will earn a further 20% working interest, for a total working interest of 80%.
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 earn and acquire up to a 90% working interest in the 75,400 hectares (or 754 square kilometers which is 290 square miles) Salar Del Diablo Property located in Baja California Notre, Mexico.
John E. Hiner, SME Registered Member and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this release.
On behalf of the Board of Directors of One World Lithium Inc.,
Douglas Fulcher, President and CEO
For further information, please contact:
[email protected] 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.