Location of the Candela projects in Salar de Incahuasi

Spey Resources (CSE: SPEY) launched in May a program of sampling, mapping, geophysics and drilling at its Salar de Incahuasi project, scheduled to run through to December 2021. The program includes three Transient Electro Magnetic (TEM) survey profiles, including 50 TEM stations at 200m station intervals. The first of these surveys was conducted during May 20-24. Spey expects to release a NI 43-101 compliant study in 3Q21.

Adjacent to the 300Ha Incahuasi Salar concession in Salta Province, rival exploration firms have reported 325ppm lithium and 13,200ppm potassium.

Spey’s Incahuasi project results from its April 2021 agreement to acquire Tech One Lithium Resources Corp., including the latter’s option to acquire 100% of the Candela I lithium brine project in the Incahuasi Salar from AIS Resources Corp. (TSX; AIS).

AIS retains the neighbouring Candela II project.

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