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One World Lithium Inc.
Summary
| Project: | Salar del Diablo | |
|---|---|---|
| Deposit: | Salar del Diablo | |
| Location: | Mexico | |
| Commodities: | Lithium | |
| Date: | 7/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2019: One World Lithium Inc. announces an Exploration/Drilling Update report for its Salar del Diablo deposit at the Salar del Diablo project. Clarification of technical disclosures in July 11 2019 news release. VANCOUVER, BC - July 25, 2019 - One Wo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John E. Hiner (Not stated) | |
| ABSTRACT: | VANCOUVER, BC - July 25, 2019 - One World Lithium Inc. (OTCQB-OWRDF) (CSE-OWLI) (the “Company” or “OWL”) announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosure. Non-Compliant Disclosure of Exploration Information. In the Company’s June 18, 2019 and July 11, 2019 news releases, the following exploration information and Quality Assurance & Quality Control (QA/QC) was required to be fully disclosed. During this initial drilling campaign geochemical analysis and interpretation of geophysical results determined at least three target areas within the footprint of the geophysical survey. One target, a high conductivity zone, occurred at a depth of about 100 meters. Two other horizontal conductive zones occurred at depths of 300 and 500 meters, respectively. Accordingly, a drill program was designed to test the three targets, as well as other geochemical anomalies that were situated beyond the area of the geophysical survey. Drilling conditions were difficult. Dense mudstones were interlayered with unconsolidated, water- and brinebearing sands. Drill bits and related equipment were commonly plugged by the mudstones, requiring multiple trips out of the hole to clean and unplug the drill bits. Unconsolidated sands poured or sloughed into the drill bore, requiring substantial time to stabilize the drill hole before drilling to additional depths. Some measure of control was established by drilling and setting casing at deeper levels, but high amounts of water impeded the progress of the drill. As a result, only 5 holes were drilled and only the uppermost target of these drill holes was tested. The remaining 300 meter and 500 meter targets will need to be tested utilizing substantial casing or a different drill method. Nevertheless, drilling at the shallow target successfully demonstrate brines exist in the basin, albeit with only minor amounts of lithium contained in the brine. The Company is in active discussion with drilling companies to determine an appropriate drill methodology to test the deeper target zones. In spite of the lithologic and water issues, the drilling company consistently was able to stabilize the hole, enabling sampling of both rock samples and water/brine. | |
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