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ANNOUNCES THREE VERY LARGE AND HIGHLY CONDUCTIVE ZONES TOTALLING MORE THAN 60 SQUARE KILOMETERS AND OPEN ENDED AT ITS SALAR DEL DIABLO LITHIUM PROPERTY, BAJA, CALIFORNIA, MEXICO

 

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One World Lithium Inc. (OWLI.C) has received SJ Geophysics Ltd.'s final interpretation report, which defines three very large and highly conductive zones. SJ Geophysics conducted a Volterra TEM in-loop survey located within the northern third of the property. The survey covered approximately 150 square kilometres, which constitutes about 20 per cent of Salar del Diablo claim block.

Syd Visser, president of SJ Geophysics, wrote: "The survey's objective was to delineate changes in conductivity that could represent conductive layers. The Salar del Diablo was considerably more conductive than expected." As in other salars in North America and South America that are in production or advanced exploration, the conductive layers could represent saline brines, which may contain elevated concentrations of lithium. The geophysical program at Salar del Diablo successfully identified three highly conductive zones.

Zone No. 1:

  • Is highly conductive, with values less than one ohm metre (one ohm metre means very low resistivity);
  • Is likely more than 100 metres thick (the survey did not resolve the bottom of the layer due to the extremely high conductivity);
  • Is six kilometres square;
  • There may be two interpreted structures at the northwest and southeast ends that may constrain the highly anomalous Zone No. 1.

Zone No. 2:

  • Surrounds Zone No. 1;
  • Is less than 100 metres thick;
  • Is also very conductive, with readings of two ohm metres, which is an average of a low of 1.5 ohm metres and five ohm metres;
  • Covers 24 square kilometers, which includes Zone No. 1 in the centre;
  • Is open ended to both the north and south beyond the survey grid.

Zone No. 3:

  • Is a continuously conductive layer located beneath a resistive surface;
  • Is both east and west of Zone No. 2 (interpretation suggests the west side has likely been down faulted and may be originally related to Zone No. 1 and Zone No. 2);
  • Is located at 300 metres deep at the south end and shallows to 200 metres as the overlying sediments decrease in thickness;
  • Is estimated to be approximately 200 metres thick;
  • Is continuously conductive with ohm metre varying between five ohm metres and 10 ohm metres;
  • Is open ended to both the north and south off the grid;
  • Is more than 30 square kilometres.

The three zones total more than 60 square kilometres, with two zones remaining open to the north and south.

On receipt, the final geophysical data will be compiled with both the geochemical and geological data to allow selection of drill locations. The company plans to complete a 15-hole, 4,000-metre drilling program to intersect the conductive zones that may contain lithium in a brine.

Doug Fulcher, One World Lithium's president and chief executive officer, noted: "The final geophysical interpretation show excellent results that are better than expected. We are extremely pleased to see the geochemical, geological and geophysical surveys have now all shown positive results. We look forward to the 4,000-metre drill program in the fall of this year."

John Hiner, SME registered and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this release.

About One World Lithium Inc.

One World Lithium, an exploration company, is focused on exploring and developing lithium projects of merit. It has an option to acquire up to a 90-per-cent working interest in the 75,400-hectare (754-square-kilometre) salar del Diablo property located in Baja California Notre, Mexico.