Spey Resources Corp. (CSE: SPEY) has obtained promising geophysics results at the Incahuasi Salar property, Candela II, where five DDH wells were drilled in 2021.
Lithium brine values of 153ppm and 174ppm were assayed for the Incahuasi Salar Lithium Concession, Salta Province, Argentina.
Highlights
- Southern Rock Geophysics have completed the 1D and 2D inversions of the magnetotelleric (MT) survey on three lines. The results show a low resistivity zone that extends to the eastern border of Candela II and extends from Line L7312200 to line L7309700 a distance of approximately 2.5km. The Survey penetrated to 4,000m depth.
- The conductive lithology units show a unit approximately 300m in thickness about 50m below the surface which is the aquifer intercepted.
The interpretation of the deeper geophysics shows approximately 300m thick lithological units which were coarse sands in the upper sequences that were drilled to 200m in 2021. The company anticipates its next drill programme will be down to 350m for one or more holes to access these units.
The interpretation of the 2D inversion model shows a centre highly conductive intrusion, with basement rocks at 3000m ABSL, that have higher resistivity. No low resistivity units exist below 3,250m ABSL.
Between 643500E and 644400E there appears to be a slight anticlinal fold followed by a syncline fold that may control the depth of the aquifer to the east. The company expects to have a detailed report from Southern Rock Geophysics in the next few weeks.
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