Spey Resources receives Pocitos drill permit approval

Oct 17, 2022

2022-10-17 10:41 ET – News Release

Mr. Phil Thomas reports

MINISTER OF PRODUCTION AND SUSTAINABLE DEVELOPMENT OF SALTA PROVINCE, ARGENTINA APPROVES DRILL PERMITS FOR SPEY’S POCITOS SALAR PROJECTS

The Ministerio de Produccion y Desarrollo Sustentable (Minister of Production and Sustainable Development) (MPSD) has approved Spey Resources Corp.’s drill permits for the Pocitos salar projects 1 and 2. As mentioned in the company’s press release dated Oct. 6, 2022, the drill camp, Internet, diesel tanks and geological offices have been constructed in the town of Pocitos.

Phil Thomas, chief executive officer of Spey, states: “These are exciting times for the company since we have received our green light to drill and have mobilized the drill rigs to Pocitos 1. Drilling has begun on Pocitos 1 and we anticipate drilling to begin on Pocitos 2 around Oct. 27, 2022.”

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Mr. Thomas, BSc, geology, MBM, FAusIMM, MAIG, MAIMVA (CMV), who is a qualified person for the purposes of National Instrument 43-101 — Standards of Disclosure for Mineral Projects, and is CEO of the company.

About Spey Resources Corp.

Spey Resources is a Canadian mineral exploration company which has an 80-per-cent 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-per-cent undivided interest in Pocitos II and 20-per-cent interest in the Pocitos I lithium projects. Spey also holds interests in four lithium exploration projects located in the James Bay region of Quebec. Spey has a 100-per-cent interest in the Silver Basin project located in the Revelstoke mining division of British Columbia as well as an option to acquire a 100-per-cent interest in the Kaslo silver project, west of Kaslo, B.C.

We seek Safe Harbor.

https://www.speyresources.ca/