(TheNewswire)
VANCOUVER, BC - TheNewswire – October 19, 2021 - One World LithiumInc. (CSE:OWLI) (OTC:OWRDF) (CNSX:OWLI.CN) (the“Company”) (“OWL”) is pleased to announce DDH-4(diamond drill hole) reached a total depth of 518 meters or 1,700feet at its Salar del Diablo Lithium Brine Exploration Project inMexico. One zone was sampled between 331 and 381 meters and a secondzone was sampled between 460 and 518 meters which are samplingintervals of 50 and 58 meters.
All samples taken from DDH-4 has been sent to ALS preplab in Hermosillo, Mexico where the samples from DDH-1, 2, 3 & 4will be prepared for assaying at the ALS Vancouver Laboratory. Allsample results will be announced at the same time after receiving adrilling report and recommendations from the Operator that may includeadditional drilling. This announcement will be released whenavailable.
The operator recommended the location to drill DDH-4that is 34 kilometers south of DDH-2 and 16 kilometers north ofDDH-3. The casing was left in DDH-3 that may later be drilled todepth. The location of DDH-3 and DDH-4 were recommended as historicand current evidence of hydrothermal activity are evident and is oftena source of lithium in the Lithium Triangle Countries Argentina andChile.
Doug Fulcher, President and CEO noted “If theresults warrant, Our Company is looking forward to resume drilling inthe first quarter of 2022”.
The Company also announces that is has grantedincentive stock options to two consultants ofthe Company to purchase up to an aggregate of 1,100,000 common sharesof the Company (the “Options ”). The Options are exercisable onor before October 01, 2023, at a price $0.095 per common share vestingfrom time to time. All Options were granted in accordance with theCompany’s Stock Option Plan.
Mike Rosko, SME Registered member and a QualifiedPerson as definedby the Canadian National Instrument 43-101, hasreviewed and approved the scientific and technical disclosurecontained in this news release.
About One World Lithium Inc.
One World Lithium Inc. is an exploration anddevelopment company focused on lithium in brine projects and newlithium separation technologies. It currently has earned a 60%property interest in the Salar del Diablo property. On completing thesouthern drill program, OWL will earn an additional 20% propertyinterest and has an option to purchase a further 10% property interestfor a total of a 90% property interest in the 103,450 hectare (399square mile) Salar del Diablo Lithium Brine project located in theState of Baja California, Mexico.
O n behalf of the Board ofDirectors of One World Lithium Inc.
“DouglasFulcher”
President and Chief Executive Officer
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call1-604-564-2017 Extension-3.
Forward-Looking Information: Thispress release may include forward looking information within themeaning of Canadian securities legislation. Forward lookinginformation is based on certain key expectations and assumptions madeby the management of the OWL, including the intention of OWL toproceed with the advancement of the Property or with the SeparationTechnology. Although OWL believes that the expectations andassumptions on which such forward looking information is based arereasonable, undue reliance should not be placed on the forward-lookinginformation because OWL can give no assurance that they will prove tobe correct. Forward looking statements contained in this press releaseare made as of the date of this press release. OWL disclaims anyintent or obligation to update publically any forward-lookinginformation, whether as a result of new information, future events orresults or otherwise, other than as required by applicable securitieslaws. There can be no assurance that such statements will prove to beaccurate and actual results and future events could differ materiallyfrom the those anticipated in such statements, important factors thatcould cause actual results to differ materially from the company’sexpectations include: (I) inability of OWL to execute its businessplan and raise the required financing (II) accuracy of mineral orresource exploration activity (III) continued access to mineralproperty (IV) risks and market fluctuations common to the miningindustry and lithium sector in particular and (V) advancements in newseparation technologies. The reader is cautioned that assumptions usedin the preparation of any forward-looking information may prove to beincorrect. Events or circumstances may cause actual results to differmaterially from those predicted, as a result of numerous known andunknown risks, uncertainties, and other factors, some of which arebeyond the control of the OWL. The reader is cautioned not to placeundue reliance on any forward-looking information contained in thispress release.
Neither the Canadian SecuritiesExchange nor its Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
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