One World Lithium Inc (CSE:OWLI) (OTCQB:OWRDF) announced Thursday the first hole has been started at its 12 hole-4,250 meter drilling program at the Salar del Diablo Property in Mexico.
The drilling on the property in the State of Baja California Norte, Mexico started Thursday after a few delays, noted the company in a statement.
One World Lithium in late April announced that the drilling program had started, but ran into some unforeseen delays in reaching an agreement on occupancy permits, which provides surface access rights required before drilling can start.
The necessary occupancy permits have now been signed, the Vancouver, British Columbia-based company said.
The Salar del Diablo is one of the largest known salars, or salt flats, to be drilled this year. The company’s program will test three geophysical zones covering more than 54 square kilometers, a large geochemical anomaly that covers 150 square kilometers, and geological structures that may trap and concentrate brines.
The Salar del Diablo property has never been drilled in the past and it has been estimated to take between 25 and 50 days to complete.
One World Lithium currently has a 60% property interest in the 75,400 hectare Salar del Diablo project and will earn an additional 20% interest on completion of the drilling program. The company also has the right acquire a further 10% interest for a total of 90% property interest.
In other company news, One World Lithium said it has granted incentive stock options to two consultants to purchase up to 400,000 common shares at a price of $0.19 per share.
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham