Spey Resources Corp. (SPEY.CN) (SPEYF.PK)



Vancouver, BC – June 9, 2021– Spey Resources Corp. (CSE: SPEY) (OTCPK: SPEYF) (“Spey” or the “Company”) is pleased to announce that it has completed the surface exploration and TEM geophysics at Salar de Incahuasi (the “Incahuasi Project” or “Incahuasi”) in the Province of Salta, located approximately 45 kilometers from the township of Tolar Grande, Argentina.


A Transient Electro Magnetic (“TEM”) geophysics study was conducted over 9 kilometres with three lines done at 200m spacing.  The results are being processed in Salta Argentina and also Vancouver Canada.  Three days of heavy snow slowed work down but this cleared enabling the crew to complete their work.


Quantec utilized a center loop sounding method. Loop size was 200m x 200m. Depth of analysis went down to 200-250m below surface. The total number of TEM sites with 200m station intervals was 50 sites. All sites were read using transmitter frequencies of 25 Hz.


The geology team pegged the lines for the geophysics and were able to take ten 20 litre samples using a motorized augur from 6 locations on the surface of the salar. Given the rain and snow conditions, it was clear that rainwater had soaked into the surface brines. However, they were able to collect 25 surface samples and ten 20 litre samples for processing in Melbourne Australia.


The results of two 20l samples processed so far are very pleasing with one showing a lithium concentration at 143ppm, however it appears that the aquifers are stratified.  It is expected that the lithium at depth will be more concentrated.  The other chemical elements were exceptional for the Ekosolve™ Direct Processing system.


Spey Resources chief executive officer and director Nader Vatanchi states, “the initial results are very promising and exciting. We patiently await more data as more detailed information will help the company plan and strategize around its flagship project.”


Once the surface samples assays have been processed a further announcement will be made.


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.  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 visit the Company’s public disclosure at www.sedar.com and www.speyresources.ca





Nader Vatanchi

CEO, Director







The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.


Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company’s mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.


SOURCE:  Spey Resources Corp

Sign Up for FREE
Stock Alerts from

to be the first to know when this emerging company issues Breaking News!

About Spey Resources

Company Overview


We are a Canadian exploration company, rooted in addressing the demand of lithium as a natural resource to fuel the future. 


Through our unique extraction methods we are able to reduce capital expenditures while providing an environmental benefit of preventing water wastage.


Our highly skilled technical team has proven expertise in drilling lithium brines.


We have an option to acquire 100% of the Candela II Project,  located on the Incahuasi Salar in the prolific Lithium Triangle area, Salta Province, Argentina. 


We hold an option to acquire a 100% undivided interest in the Silver Basin project located in the Revelstoke Mining Division of British Columbia; and the Kaslo Silver property situated in southern British Columbia. Spey Resources was incorporated in 2017 and is headquartered in North Vancouver, Canada.


Our Purpose & Commitment


Spey Resources’ vision is to contribute to the evolution of high performance lithium powered vehicles as the key mode of transportation on a global scale. We provide the demand for this commodity through our mining projects. 

We are committed to utilizing sound environmental processes to produce lithium, always considering the communities we work in and the land we manage. 




Incahuasi Salar

Spey Resources Corp. is pleased to announce that it has begun exploration activities in the Salar de Incahuasi (the “Incahuasi Project” or “Incahuasi”), the “Lithium Triangle” in the Province of Salta, located approximately 45 kilometers from the township of Tolar Grande, Argentina. 



Next generation of Lithium Extraction excellence

Spey Resources is committed to the process of timely, cost-reduced, environmentally considered mining practices. Utilizing Ekosolve Technology, this revolutionary process cuts capital and operations costs and accelerates project start up. 



Providing resources for unprecedented demand 

Due to the adoption of battery storage + production by global gigafactories, demand for lithium is sending the resource into major growth in markets.  Learn what we are doing and where we are exploring.

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG’s intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company’s publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated forty five hundred dollars for Spey Resources Corp. current news coverage by a non-affiliated third party
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.