SPEYF - Spey Resources prepares for drilling at Incahuasi Salar Argentina
(TheNewswire)
Vancouver, BritishColumbia – TheNewswire — August 4, 2021 — Spey Resources Corp.(CSE:SPEY) (OTC:SPEYF) (FRA:2JS) (CNSX:SPEY.CN) (" Spey ” or the" Company ") announces that preparations arewell advanced for the 5 hole drilling project on Incahuasi salar,Argentina. Our geologists report that Falcon drilling is currentlydrilling the adjacent Gangfeng property on Incahuasi and the roads arein good condition. Some minor work will be done on a crossing toensure the safe and fast movement of materials and personnel.
Melbourne University has advised they have received thethree different concentrations of samples, and the university isoperating as normal. Covid infections, which are all in quarantinein Melbourne, are not impacting progress on testing the brines andproducing lithium carbonate from the lithium chloride being producedusing the Ekosolve© direct extraction process.
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA,(CMV), a Qualified Person as defined under NI 43-101 regulations, hasreviewed the technical information that forms the basis for portionsof this news release, and has approved the disclosure herein. Mr.Thomas is independent of the Company but discloses that he is ashareholder of SPEY.
About Spey Resources Corp.
Spey Resources is a Canadian mineral explorationcompany which holds an option to acquire 100% interest in the CandelaII lithium brine project located in the Incahuasi Salar, SaltaProvince, Argentina through its wholly owned subsidiary Tech OneLithium Resources Corp. Spey also holds an option to acquire a 100%undivided interest in the Silver Basin Project located in theRevelstoke Mining Division of British Columbia as well as an option toacquire a 100% interest in the Kaslo Silver project, west of Kaslo,British Columbia.
For more information,please contact:
Nader Vatanchi CEO, Director
nader@speyresources.ca
778-881-4631
CautionaryNote Regarding Forward-Looking Statements: Certain disclosure in this release mayconstitute "forward-looking information" within the meaningof Canadian securities legislation. In making the forward-lookingstatements in this release, the Company has applied certain factorsand assumptions that the Company believes are reasonable. However, theforward-looking statements in this release, including withoutlimitation, statements pertaining to the future exercise of theAgreement to acquire an interest in the Property, the Company’sexploration programs and the Company’s mineral property developmentplans, are subject to numerous risks, uncertainties and other factors that may cause futureresults to differ materially from those expressed or implied in suchforward-looking statements. Such uncertainties and risks include,without limitation, financing risks, delays in obtaining or inabilityto obtain required regulatory approvals, legislative, environmentaland other judicial, regulatory, political or competitive developments,exploration and operational difficulties, the timing of futurebusiness expenditures, the potential of the Company’s mineralproperties and changes in economic conditions or financial markets.There can be no assurance that such statements will prove to beaccurate, and actual results and future events could differ materiallyfrom those anticipated in such statements. Readers are cautioned notto place undue reliance on forward-looking statements. The Companydoes not intend, and expressly disclaims any intention or obligationto, update or revise any forward-looking statements whether as aresult of new information, future events or otherwise, except asrequired by law.
The Canadian Securities Exchange hasneither approved nor disapproved the contents of this pressrelease.
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