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One World Lithium Announces Geophysical and Geochemical Programs Underway at Salar Del Diablo and Private Placement Funding
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2018) - One World Lithium Inc. (CSE: OWLI) (the "Company") announces the Geophysical and Geochemical
About this update from One World Lithium, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 1, 2018) - One World Lithium Inc. (CSE: OWLI) (the \"Company\") announces the Geophysical and Geochemical sampling programs are underway with twelve personnel on the Salar Del Diablo Lithium Property in Mexico. The Company has also received more than $600,000 of its $1,500,000 private placement offering of units at $0.15 with a two year warrant at $0.20. The private placement is subject to closing and regulatory approval. Both the geophysical eight man crew and the geochemical sampling four man crew are working at the Salar del Diablo Property. A time domain electromagnetic survey has started to identify basin stratigraphy and locations of lithium in brine aquifers. At a later date there will also be a gravity survey. They also have started a 500 surface sample program using an auger to collect the samples 18 inches from the surface. The Company expects the program to be completed in 30 days with the drilling program to follow. The Company plans to drill several targets with a 4,000 meter (13,000 foot) reverse circulation drilling program. In 2018 a similar program will be evaluating the south half of the Property. There are 72 kilometers of grid lines which cover 25,000 hectares (96 square miles) in the north half of the property. This grid has been located based on the geology, and anomalous surface samples grading between 88 and 188 parts per million lithium. For further information please visit the Company's web site at www.oneworldlithium.com or email [email protected]. On behalf of the Board of Directors, \"Douglas Fulcher\" Douglas Fulcher, CEO and President. Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward looking information is based on certain key expectations and assumptions made by the management of the Company regarding the proposed exploration program. Although the Company 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 the Company 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...