Spey has a 100% 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.įor more information, please contact: Nader Vatanchi VP Corporate Finance, 77 Cautionary Note Regarding Forward-Looking Statements This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to production of lithium carbonate, timing for production, building of a 100 tonne mini plant in Salta and potential joint venture with Ekosolve Ltd. Spey also holds interests in four lithium exploration projects located in the James Bay Region of Quebec. Spey also holds an option to acquire a 100% undivided interest in Pocitos II and 20% interest in the Pocitos I lithium projects. Spey Resources is a Canadian mineral exploration company which has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. Geol, 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. The scientific and technical content of this news release has been reviewed and approved by Phillip Thomas, BSc. regarding a potential joint venture opportunity."įig 1 Lithium Carbonate produced Fig 2 Drill Location for Pocitos 2 on Pocitos Salar by University of Melbourne is planning to build a 100 tonne mini plant in Salta and the Company is in active discussions with Ekosolve Ltd. This not only proves the validity of the Ekosolve™ process for Incahuasi brines, but also the fast processing time using columns. Phil Thomas, CEO of the Company, said "we are delighted to achieve these results. The trial was undertaken by Ekosolve Ltd. The Mg:Li ratio was more than 15:1, and the EkoSolve™ process performed exceptionally well. The purity of the lithium carbonate was set at 99.5% based on the sodium carbonate used to convert the chloride. The 10 th phase had extracted 135.05gm of contained lithium from 140.23gm, a 96.03% recovery rate. The brine was subjected to 10 phases of continuous processing that took approximately 22 seconds for the solvent to extract the lithium in each phase. The brines and the lithium carbonate that was produced are being assayed by an external laboratory to corroborate the results achieved by the University of Melbourne and the Ekosolve team. EkoSolve has issued seven other licences to date and will progressively commence engineering after Spey engineering is completed. Spey has acquired the first Ekosolve production licence, which prioritizes the Company to be the first client to commission Ekosolve to complete the construction proposal, preliminary and plant engineering and manufacturing of the plant at Incahuasi. ( CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company ") is pleased to announce that the Chemical Engineering Department at the University of Melbourne, Australia has successfully produced lithium carbonate from lithium chloride extracted from the Company's brines in Incahuasi Salar at the Candela II Project using the Ekosolve™ process. No 401K and the bonus system is set to reward select few who have access to preferred customers, or the one person who is able to rack up hours anytime working from home.Spey Resources Corp. There's no room for advancement in the satellite office yet the main location seems to create new jobs and move people around without posting positions. Free sodas and a paid lunch doesn't make up for old antiquated business systems, or new software that isn't compatible with the flow of the business. But then again most of them are over qualified and dumb themselves down for a paycheck. The only good thing is that the employees really carry the company. It just goes to show you their ignorance and how limited their job experience really is. The management continually acts like this job is the best thing since sliced bread. They have no formal human resources department and make up the rules as they go. Family owned business with no business or sales education. The worst company I've ever worked for from start to finish.
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