- Spey Resources (SPEY) is set to commence drilling at the Candela II Project on Incahuasi Salar in Argentina
- Amaru Drilling is currently on-site and will commence its five-hole, 710 m program on Monday, August 30, 2021
- A TEM geophysics report identified three sandy units bound by clay units with very low resistivity values that appear to host the main aquifers
- Spey Resources is a Canadian mineral exploration company focused on projects in Argentina and British Columbia
- Spey Resources (SPEY) is down by 2.5 per cent and is currently trading at $0.39 per share
Spey Resources (SPEY) is set to commence drilling at the Candela II Project on Incahuasi Salar in Argentina.
Amaru Drilling is currently on-site and will commence its five-hole, 710 m program on Monday, August 30, 2021.
The team will collect brine samples from drill holes using a double packer system with core samples going to Core Laboratories in Texas for porosity and transmissivity testing. Spey will incorporate this data in the NI 43-101 report to be completed after drilling results are collated.
A TEM geophysics report has identified three extensive sandy units bound by clay units that have very low resistivity values and appear to host the main aquifers. The aquifer closest to the surface is more than 1 km in length and is about 75 m below the surface. The sampling has shown higher concentrations at the surface on the western end of the concession.
Nader Vatanchi, Spey’s CEO, commented,
“I’m delighted with the progress our team has made and look forward to the brine analysis results from the deep drilling at Candela II next week.”
Spey Resources is a Canadian mineral exploration company focused on silver and lithium projects in Argentina and British Columbia.
Spey Resources (SPEY) is down by 2.5 per cent and is currently trading at $0.39 per share as of 9:30 am ET.