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  • Spey (SPEY) is progressing with its drilling and exploration plan at its Incahuasi Salar  property in Argentina
  • It intends to build a potential resource estimate study for the Candela II area, with bid proposals expected soon
  • It secured a contractor for a magnetotelluric survey at Candela II in April 2023 motivated by drilling yields as high as 173 ppm Li
  • CEO Phillip Thomas spoke with Simon Druker about the news
  • Spey Resources is a Canadian lithium-focused mineral exploration company active in Argentina, Quebec and British Columbia
  • Spey (SPEY) closed down by 7.14 per cent trading at $0.065 per share

Spey (SPEY) is progressing with its drilling and exploration plan at its Incahuasi Salar  property in Argentina.

The company diamond drilled five wells on Incahuasi’s Candela II in 2021 – yielding as high as 173 ppm Li – which it will gather information from and combine with geophysics data to build a potential resource estimate study.

It has secured a contractor for a magnetotelluric survey at Candela II in April 2023 and designed a request for proposal system for bidders for a resource estimate study, with responses expected soon.

Lithium grades at Candela II increase with depth, with potential for values higher than 200 mg/L on the eastern side of the license area.

Montgomery & Associates Consultores Limitada produced an NI 43-101 technical report on August 8, 2022.

CEO Phillip Thomas spoke with Simon Druker about the news.

Spey Resources is a Canadian lithium-focused mineral exploration company active in Argentina, Quebec and British Columbia.

Spey (SPEY) closed down by 7.14 per cent trading at $0.065 per share.


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