Exploring A World-Class Lithium Brine Property
This One World Lithium profile is part of a paid investor education campaign.*
One World Lithium Inc. (OTCQB:OWRDF) (CSE:OWLI) is an exploration company that acquires lithium brine projects of merit. One World Lithium currently owns a 60 percent interest in the Salar del Diablo lithium brine project in the State of Baja California Norte, Mexico and is working towards earning an additional 30 percent working interest. The property covers a large salar of which only 10 percent has been explored.
The Salar del Diablo is one of the world’s larger lithium brine prospects to be drilled during 2019 and is likened to the Salar de Atacama in Chile, which accounts for 27 percent of the world’s lithium supply. According to the US Geological Survey (USGS), the five necessary geological attributes for the formation of a lithium brine deposit are: a closed basin, hot springs, volcanic rocks containing lithium, active faults to transport lithium into the basin and a salar in a region of high heat flow. The Salar del Diablo has all of these conditions.
To date, three geophysical zones have been outlined on the property. The three zones cover 54 square kilometers and two of the zones continue beyond the exploration grid.
One World Lithium has also collected 24 geochemical surface samples over a distance of 80 linear kilometers where every sample assayed for Lithium with an average grade of 74 ppm lithium. Also, there were 56 surface geochemical samples taken in the northern grid area that have an average grade of 86 ppm lithium which is anomalous that defined a geochemical anomaly covering 150 square kilometers.
One World Lithium will resume its a 4,250-meter drill program on the property in the fall of 2019 to test the three geophysical zones, a geochemical anomaly and geological structures. As of June 13, there have been five holes completed. The company also intends to complete a gravity survey, a TDEM survey over Zone Two and Three as well as survey extensions to the north and northeast, and a similar pre-drilling program if the results warrant. A second drill program to evaluate the north and northeast extensions, and the southern part of the property. In the long term, One World Lithium’s mission statement is to drill and define a significant resource on the property before seeking a partner to bring the project to production.
One World Lithium’s Company Highlights
- One World Lithium currently holds a 60 percent interest in the Salar del Diablo and has the option to acquire another 30 percent interest for a total of 90 percent.
- The Salar del Diablo property is one of the larger lithium brine projects to be drilled in 2019.
- The property has all of the features necessary to develop concentrated lithium in brine as defined by the USGS.
- The property is located 137 kilometers from the US border and 35 kilometers from the seaport at San Felipe, which could provide the company with access to the international markets.
- A 150-square-kilometer anomaly was delineated by a surface sampling program.
- Three highly-conductive geophysical zones have been identified on the property with two zones remain open-ended beyond the survey grid.
- A 4,250-meter drill program is intended to resume in late September of 2019 with 5 of the 12 holes being completed to date
- One World Lithium’s principal geologist has a track record of lithium exploration success since 2009
Salar del Diablo Project
The 103,500-hectare (400 square mile) Salar del Diablo lithium brine project is located in the State of Baja California Norte, Mexico. The property is 137 kilometers south of the US border and 35 kilometers from San Felipe, a regional service center that may reduce exploration and development costs. San Felipe also has a seaport which may be used to access the international markets. The property covers a large salar where less than10 percent has been explored.
One World Lithium has the option to acquire a 90 percent working interest in the Salar del Diablo by completing certain work commitments, making certain cash payments and issuing up to 23.5 million common shares to the property vendors. The company currently has a 60 percent working interest in the property.
Geophysical contractor SJ Geophysics has defined three conductive zones on the property: The three zones cover over 54 square kilometers, with zones one and two being open-ended as they are larger than the survey grid.
Zone One is six square kilometers that are highly conductive and believed to be over 100 meters thick. Zone Two, however, surrounds Zone One, is less than 100 meters thick, and is also very conductive. The zone covers 18 square kilometers, and is open to the north and south.
Zone Three is located to both the east and west of Zone Two. The Zone is estimated to be approximately 200 meters thick and covers 30 square kilometers. The zone is open to the north and south and is continuously conductive.
One World Lithium has collected 24 initial geochemical surface samples over 80 kilometers that all contained lithium with an average grade of 74 ppm lithium. Within the geophysical survey area, the company collected an additional 59 samples that have an average grade of 86 ppm lithium, that outlined a 150-square-kilometer anomaly. The samples also returned values of 1.9 percent potassium, 400 ppm boron, 10,000 ppm cesium which suggests the geochemical anomaly may be close to a regional volcanic heat source.
One World Lithium has compiled all of the data from geochemical, geophysical and geological programs to generate 12 drill hole locations for its 4,250-meter drill program is planned to resume in late September of 2019 to test the three geophysical zones, a geochemical anomaly and geological structures. Five holes have been completed to date.
In future work programs, the company will continue its current drilling program and intends to complete a gravity survey over the property to confirm the basin’s depth, which is estimated to reach 8,000 feet, and establish the basin’s configuration. One World Lithium also plans on conducting additional TDEM survey to extend the footprint of zones Two and Three to close the open-ended zones. A pre-drilling program and a second drill program will follow warranted to evaluate the southern third of the property.
Management and Advisors
Doug Fulcher — President, CEO and Director
Doug Fulcher has over 40 years of experience in mining and exploration project management. He was the CEO of Abacus Mining and Exploration Corp. and spent several years in the advancement of the Ajax deposit which was then sold to KGHM, leaving Abacus with a 20 percent carried interest. He was also the President and CEO of Maritime Resources Corp., which is bringing the Hammerdown gold project back to production.
John N. Hamilton — CFO and Corporate Secretary
John Hamilton obtained his CA from Ernst Young. He held the position of CFO and President of a number of private and public companies over the last 40 years. He has managed a number of companies that have listed on the CSE, TSX, OTC and NASDAQ stock exchanges.
John E. Hiner — Principal Geologist and Operator of the Salar del Diablo Property
John Hiner has an exploration history of over 45 years with several junior and major mining companies to explore for geothermal energy, precious metals and industrial minerals. As such, he was on several exploration teams that are credited with eight discoveries, of which five became mines that are still producing. He has also been successfully exploring for and defining lithium prospects since 2009.
Kevin Milledge — Director
Kevin Milledge has over 35 years of experience in mineral exploration, including in Mexico and the Baja Peninsula. He is the President of Pamicon Developments Ltd., which is a full-service geological consulting firm with global experience. He is the company’s representative and will be involved in the drilling and sampling program at the Salar del Diablo project.
Andrew Pooler — Director
Andrew Pooler holds a Bachelor of Science degree in Mining Engineering from the University of Idaho and has over 30 years of experience as a mining engineer and operations executive. He is currently a director and the Chief Operating Officer for Maritime Gold Resources Corp. Prior to joining Maritime, he held positions including the Chief Operating Officer of Esperanza Resources Corp., Chief Executive Officer of PanTerra Gold Limited and Chief Operating Officer of Abacus Mining and Exploration Corporation and KGHM Ajax. He also spent five years as Senior Vice President Mine Operations for Pan American Silver Corporation where he was responsible for the production performance of six operating mines located in Mexico, Peru, Argentina and Bolivia.
John King Burns — Advisor
Mr Burns has extensive experience as both an advisor, director, and Officer of several public traded companies as well as an advisor to several large funds which have significant interests in the resource and technology sectors. Previously, Mr Burns was the managing director of Derivative Trading, and structural finance group at Barklay’s Metals, a division of the Barklay Bank, PLC
Tim Brock— Consultant
Mr Brock’s experience includes start-up companies both public and private in Canada and the United States for corporate structures, finance, sponsorship, and shareholder relations.
John E Hiner, SME Registered Member and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this corporate profile.
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