Business
One World Lithium Drilling Update, Corporate Progress and Industry Trends
VANCOUVER, BC - TheNewswire – April 6, 2021 - One World Lithium Inc. (CSE:OWLI) (OTCQB:OWRDF) (CNSX:OWLI) (the “Company” or “OWL”) is pleased to announce that L
About this update from One World Lithium, Inc.
[{"type":"text","content":"VANCOUVER, BC - TheNewswire – April 6, 2021 - One World Lithium Inc. (CSE:OWLI) (OTCQB:OWRDF) (CNSX:OWLI) (the “Company” or “OWL”) is pleased to announce that Layne Drilling from Hermosillo, Mexico will begin mobilizing the diamond drill rig and related equipment to San Felipe this week for the DDH-3 (diamond drill hole) program expected to begin on April 15, 2021. Layne Drilling will be sending three four man drill crews to drill 24 hours per day. As previously reported, DDH-3 is located approximately 50 kilometers to the south of DDH-2 on the Company’s Salar del Diablo property, located in the State of Baja California, Mexico. Mike Rosko, the Operator, from Montgomery & Associates expects DDH-3 and possibly DDH-4 will be more cost effective than previous holes drilled as aa more aggressive drill bit will be used and DDH 3 and 4 may only require total depths between 300 and 400 meters as DDH 1 and 2 reached an average total depth of 624 meters. Mike also noted the prospective area of possible hydrothermal activity may cover 20,000 hectares. All samples will be assayed for drill holes DDH – 1 through 4 with the assay results released at the same time. On completing phase three of the drill program, OWL will have increased its working interest in the Salar del Diablo property from 60% to 80%. For more information on Salar del Diablo property and the terms of the Company’s option thereon, please see the Company’s press release dated March 10, 2017, and July 28, 2017. In Mexico, mineral exploration has been deemed an essential service despite the country’s various Covid-19 restrictions and, at present, the States of Baja California and Sonora currently have no further restrictions. Lithium Separation Technologies An ecosystem of junior mining companies are looking to take market share from major producers to meet the demand for high quality lithium chemicals and new resources to obtain these has become one of the most important emerging themes in lithium over the last five years.1 Accordingly, many of these new technologies can be developed and used in house by junior mining companies. OWL has the right to purchase 100% of a lithium separation technology which is subject to a proof of concept testing. The Company hopes this may be successful within two months. The technology has the potentia...