Spey Resources prepares for drilling at Incahuasi Salar, Argentina
Spey Resources prepares for drilling at Incahuasi Salar, Argentina
Vancouver, British Columbia —August 4, 2021 — Spey Resources Corp. (CSE: SPEY) (OTC:
SPEYF) (FRA: 2JS) ("Spey” or the "Company") announces that preparations are well advanced for
the 5 hole drilling project on Incahuasi salar, Argentina. Our geologists report that Falcon drilling
is currently drilling the adjacent Gangfeng property on Incahuasi and the roads are in good
condition. Some minor work will be done on a crossing to ensure the safe and fast movement of
materials and personnel.
Melbourne University has advised they have received the three different concentrations of
samples, and the university is operating as normal. Covid infections, which are all in quarantine
in Melbourne, are not impacting progress on testing the brines and producing lithium carbonate
from the lithium chloride being produced using 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, has reviewed the technical information that forms the basis
for portions of this news release, and has approved the disclosure herein. Mr. Thomas is
independent of the Company but discloses that he is a shareholder of SPEY.
About Spey Resources Corp.
Spey Resources is a Canadian mineral exploration company which holds an option to acquire 100%
interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province,
Argentina through its wholly owned subsidiary Tech One Lithium Resources Corp. Spey also holds
an option to acquire a 100% undivided interest in the Silver Basin Project located in the Revelstoke
Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo
Silver project, west of Kaslo, British Columbia.
For more information, please contact:
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Nader Vatanchi CEO, Director
778-881-4631
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute "forward -
looking information" within the meaning of Canadian securities legislation. In making the forward-looking statements
in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable.
However, the forward -looking statements in this release , including without limitation, statements pertaining to the
future exercise of the Agreement to acquire an interest in the Property, the Company’s exploration programs and the
Company’s mineral property development plans, are subject to numerous risks, uncertainties and other factors that
may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such
uncertainties and risks include, without limitation, financing risks, delays in obtaining or inability to obtain required
regulatory approvals, legislative, environmental and other judicial, regulatory, political o r competitive developments,
exploration and operational difficulties, the timing of future business expenditures, the potential of the Company’s
mineral properties and changes in economic conditions or financial markets. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from those anticipated
in such statements. Readers are cautioned not to place undue reliance on forward -looking statements. The Company
does not intend, and expressly disclaims any intention or obligation to, update or revise any forward -looking
statements whether as a result of new information, future events or otherwise, except as required by law.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.