MINING

Mexican lithium drilling contract signed

Layne de Mexico will undertake sample drilling for One World Lithium at Salar del Diablo

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The contract will see Layne drill 12 reverse circulation holes with depths varying between 150 (500ft) and 500m (1,650ft). Layne plans to use either a Schramm TH100A or 685 rig, both of which are capable of drilling to 500m.

The rig will be available by the end of February 2019 and the drilling program may take up to 40 days to complete.

The drill holes are planned to test three geophysical highly conductive zones and two geochemical surface sampling anomalies. The geophysical zones are correlative with the lithium geochemistry anomalies and cover more than 54km2. Two of the zones are open ended as they extend beyond the geophysical survey grid area. Zone one may be more than 100m (330ft) thick and zone three may be more than 200m (660ft) thick. The zones are so conductive that they could contain brines.

The geochemical anomaly is 150km2 with surface samples assaying up to 196 parts per million lithium with an average grade of 84 parts per million.