Vancouver, British Columbia, March 15, 2023 (GLOBE NEWSWIRE) -- Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey" or the "Company"), further to its January 16, 2023 news release, is pleased to provide an update on the progress of the exploration plan and diamond hole drilling (DDH) work in respect of its Incahuasi Salar property, Candela II, where five DDH wells were drilled in 2021. The Company aims to utilize information gathered from this work, together with geophysics data (please see first bullet below), toward building a potential resource estimate study.
Highlights
- Noting that there is presently significant demand for geophysics work in the Puna region in Argentina, the Company is pleased to report that it has secured a contractor to commence work at Candela II in April 2023 to complete a magnetotelleric (MT) survey.
- The Company has designed a request for proposal system for bidders to respond with price and service parameter submissions for an award to prepare a potential resource estimate study for Candela II. The Company expects to begin receiving responses from bidders soon.
- Five DDH Wells were drilled at Candela II in 2021; noting hole five was pump tested and hole four recorded 173ppm Li.
- Montgomery & Associates Consultores Limitada produced a National Instrument 43-101 ("NI 43-101") technical report, published on August 8, 2022.
- The wells' attributes have been assessed by a reserve engineer and the data declared suitable for inclusion in a future potential resource estimate study.
Candela II
The key features of Candela II exploration licence are as follows:
- The brine resource is hosted within two main hydrogeological units: halite (salt) and sand-gravel-halite (higher porosity);
- Lithium grades increase with depth, so there is potential to find values higher than 200 mg/L on the eastern side of the licence area; and
The deeper clastic coarse grain aquifer is the hydrogeological unit with the highest potential in terms of economics.
Figure 1 Map showing MT lines, and Ganfeng wells 9.8km to the north of the salar.
Figure 2 A Ganfeng drill hole which has brine coming up under salar pressure, and the access road to DDH 3,4 and 5.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Phillip Thomas, BSc. Geol, MBM, FAusIMM, MAIG, MAIMVA(CMV), who is a "qualified person" for the purposes of NI 43-101.
Technical Report
Scientific and technical information relating to the Incahuasi Salar property is supported by the technical report titled "Technical Report for the Incahuasi Salar Lithium Concession, Salta Province, Argentina", dated June 10, 2022 (the "Technical Report"), and prepared by Michael J. Rosko for Spey. Reference should be made to the full text of the Technical Report, which was prepared in accordance with NI 43-101 and is available electronically on SEDAR () under the Company's issuer profile, for a description of the Company's data verification and QA/QC procedures.
About Spey Resources Corp.
Spey Resources is a Canadian lithium focused mineral exploration company which has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Spey also owns 100% of the mineral rights to 4 lithium exploration projects located in the James Bay Region of Quebec, in proximity to a recent hard rock lithium discovery. Spey also holds an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.
For more information, please contact:
Phillip Thomas Nader Vatanchi,
CEO, President VP, Corporate Finance, Director
phil@speyresources.ca nader@speyresources.ca
+61433747380 +1778-881-4631
Cautionary Note Regarding Forward-Looking Statements
This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the contractor commencing work at Candela II to complete a magnetotelleric survey within the timeline contemplated or at all, whether qualified bidders will respond to the Company's request for proposal relating to the preparation of a potential resource estimate study, the viability of completing a potential resource estimate study and whether any mineralization will meet the requirements for being classified as resources. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at . Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
溫哥華,不列顛哥倫比亞省,2023年3月15日(環球通訊社)--Spey Resources Corp.(CSE:SPY)(場外交易代碼:SPEYF)(FRA:2JS)(“斯派伊“或”公司繼2023年1月16日的新聞稿後,很高興提供有關其Incahuasi Salar地產Candela II的勘探計劃和鑽石孔鑽探(DDH)工作的最新進展,該公司在2021年鑽探了5口DDH井。該公司旨在利用從這項工作中收集的資訊,以及地球物理數據(請參閱下面的第一個專案符號),建立潛在的資源評估研究。
亮點
- 注意到阿根廷普納地區目前對地球物理工作的需求很大,本公司高興地報告,它已獲得一家承包商,將於2023年4月開始在坎德拉II進行工作,以完成大地電磁(MT)測量。
- 該公司設計了一個徵求建議書系統,供投標人通過提交價格和服務參數進行回應,以便為Candela II準備潛在的資源評估研究。公司預計很快就會開始收到投標人的回復。
- 2021年在坎德拉二期鑽了5口DDH井;注意到5號井進行了泵送測試,4號井記錄到了173ppm的Li。
- Montgomery&Associates Consultores Limitada製作了一份國家儀器43-101(“NI 43-101“)技術報告,發表於2022年8月8日。
- 一名儲備工程師已經評估了這些油井的屬性,並宣佈這些數據適合納入未來的潛在資源評估研究。
坎德拉II
Candela II勘探許可證的主要特點如下:
- 鹵水資源賦存於兩個主要水文地質單元中:鹽巖(鹽巖)和砂礫鹽巖(孔隙度較高);
- 鋰的等級隨著深度的增加而增加,因此在牌照區的東側有可能發現高於200毫克/升的數值;以及
深層碎屑粗顆粒含水層是最具經濟潛力的水文地質單元。
插圖1顯示MT線的地圖,以及贛鋒威爾斯在北面9.8公里處薩拉爾.
插圖2一個贛鋒鑽孔位置:CH的鹵水馬上就要到了薩拉爾壓力,以及通往DDH 3、4和5的通道。
有資格的人
本新聞稿中的科學和技術內容已得到菲利普·託馬斯的審閱和批准。Geol、MBM、FAusIMM、MAIG、MAIMVA(CMV),是NI 43-101規定的“合格人員”。
技術報告
題為“Incahuasi Salar”的技術報告提供了有關Incahuasi Salar財產的科學和技術資料。《技術報告》因卡瓦西薩拉爾鋰特許權,阿根廷薩爾塔省日期:2022年6月10日(技術報告“),並由Michael J.Rosko為SPY編寫。請參考技術報告的全文,該報告是根據NI 43-101編寫的,並可在公司發行人簡介下的SEDAR()上以電子方式獲得,以瞭解公司的數據驗證和QA/QC程式的描述。
斯派瑞資源公司簡介
Spey Resources是一家專注於鋰的加拿大礦產勘探公司,在位於阿根廷薩爾塔省因卡瓦西薩拉爾的坎德拉II鋰鹵水專案中擁有80%的權益。Spey還擁有位於魁北克詹姆斯灣地區的4個鋰勘探專案的100%礦業權,該地區靠近最近發現的硬巖鋰礦。Spey還擁有收購不列顛哥倫比亞省卡斯洛以西Kaslo Silver專案100%權益的選擇權。
欲瞭解更多資訊,請銷售經理聯繫方式:
菲利普·託馬斯·納德·瓦坦奇
董事首席執行官、企業融資副總裁總裁
郵箱:Phil@speyresource ces.ca nader@speyresource ces.ca
+61433747380+17788814631
有關前瞻性陳述的注意事項
本新聞稿包括受風險和不確定性影響的前瞻性陳述,包括與承包商有關的開始在坎德拉工作II完成一項大地電磁法在預期的時間內或根本不進行調查,合格的投標人是否會對公司關於編制潛在資源估計研究的建議書作出回應,完成任務的可行性潛在資源評估研究,以及任何礦化是否符合被歸類為資源的要求。公司提供前瞻性陳述,旨在傳達有關當前預期和的資訊與未來相關的計劃和讀者請注意,此類聲明可能不適合用於其他目的。根據其性質,此資訊受固有風險和不確定性的影響,這些風險和不確定性可能是一般性的,也可能是特定的,從而使RIS預期、預測、預測、預測或結論可能被證明不準確,假設可能不正確,以及目標、戰略目標和優先事項將無法實現。這些風險和的不確定性包括但不限於在公司的公開申報檔案中根據公司的SEDAR簡介確定和報告的不確定性。儘管公司已嘗試確定可能導致的重要因素如果行動、事件或結果與前瞻性資訊中描述的存在實質性差異,則可能存在其他因素導致行動、事件或結果與預期、估計或預期的結果不一致。不能保證T這些資訊將被證明是準確的,因為實際結果和未來事件可能與在此類聲明中預期的大不相同。本公司沒有任何更新或修改任何前瞻性通知的意圖或義務無論是由於新的資訊、未來的事件或的其他原因,除非法律要求。
加拿大證券交易所尚未審查、批准或不批准本新聞稿的內容。