One World Minerals to start next phase of Rico Litio lithium project, Mexico

29 March 2017 (Last Updated March 29th, 2017 18:30)

One World Minerals has announced its plans to start a second phase exploration programme at its Rico Litio lithium property in California Baja Norte state of Mexico.

One World Minerals has announced its plans to start a second phase exploration programme at its Rico Litio lithium property in California Baja Norte state of Mexico.

Currently, the company is carrying out logistical preparations as the field crew is expected to reach on the property within three weeks.

A 4,000m drill programme is also underway, which is expected to be complete by June.

The second phase programme includes 80km of surveyed grid lines in the northern part of the property to complete a time domain electromagnetic survey.

The survey will allow the company to identify sediment formations with good permeability and porosity that may host lithium brines.

Furthermore, a gravity survey will be conducted over the same grid lines to identify the depths of the closed basin and its structural features and young volcanic rocks.

One World president and CEO Doug Fulcher said: "We are very pleased to moving quickly on to the next phase of work on the Rico Litio Lithium Property after such a successful first phase work programme.

"As well, we are very fortunate to have a professional such as John Hiner coordinating and overseeing the future development of this project.

"The drilling campaign under the second phase will test multiple high-priority targets that have coincidental anomalies lithium that may contain brine and traps created by active faults."

"His experience and knowledge of lithium and lithium projects in the Americas is so important as we further explore and advance the Rico Litio Property.

"The company's significant second phase exploration programme that will be underway before the end of March 2017 and continue over the next three months will be highlighted by the drilling of several of the targets before the end of June 2017."

Alongside with the second phase programme, the company will also procure additional 500 geochemical samples to delineate anomalous.

The drilling campaign under the second phase will test multiple high-priority targets that have coincidental anomalies lithium that may contain brine and traps created by active faults.

One World Minerals also intends to conduct a third phase programme at the property, which will comprise a pump test on sections of the drill holes to test and determine the aquifer capacity; draw down flow-rates, and concentrations of lithium and potassium.

As announced by the company earlier, the company is acquiring up to a 90% interest in the Rico Litio Property. The property covers an area of 75,410ha.