• 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.


More From The Market Online
GoGold - GoGold Resources' Parral operation in Mexico.

Three mining stocks that look cheap with gold at all-time highs

If you've noticed that gold mining stocks haven't been tracking gold's recent ascension to all-time highs, you aren't alone.

Pegmatite One options Dort Gold Property in B.C.

Pegmatite One (CSE:PGA) enters into an agreement with Bernie Kreft to earn a 100 per cent interest in the Dort project.

GoviEx Uranium must break ground in Niger to keep permit

GoviEx Uranium (TSXV:GXU) enters discussions with the Government of Niger to restart mining operations at its Madaouela project.

Klondike Gold kicks off property-wide Yukon exploration program

Klondike Gold (TSXV:KG) outlines the 2024 exploration and review of its Klondike District Property in Yukon’s Dawson mining district.