Vancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) ("Scotch Creek" or the "Company"), is pleased to announce that a thorough analysis of a recently completed gravity survey has further advanced the understanding of the geological model of one of the world's most prolific lithium claystone belts. The Macallan project lies on trend South-Southeast in Clayton Valley. As such, the Company has initiated drilling on several new high-priority targets that follow along this world-class rich lithium claystone belt.
Along with the newly launched Macallan drill program, drilling on Highlands West has progressed smoothly through completion of the first hole. Core samples from the first drill hole are being logged and prepared in detail for assay. Scotch Creek's Technical Director, Mr. Bob Marvin, commented, "We are eager to send our first ever core samples for analysis. Scotch Creek has one of the largest land packages in Clayton Valley and we have been focussed on completing extensive geophysics on our two projects to prepare us for this opportunity to have multiple ongoing drill programs. This is momentous for the progression of our Company, as we feel that we are in a strong position for a very promising and exciting New Year."
About Macallan East Project
The Macallan project spans across 5,340-acres on the South-Southeast side of one of the world's most prolific lithium claystone belts. The Company's 267 claims sit directly on trend with outcropping, lithium-mineralized, volcanic ash-rich, basin lakebed sedimentary rocks which project towards Macallan from the North-Northeast. The forecasted presence of these mineralized units in the subsurface at Macallan strongly suggests that porous ash units, associated with these rocks found elsewhere in the basin should exist below the surface on the claims.
In addition, Scotch Creek would like to note a correction on the November 16th news release in which the Company reported that the Macallan East project totalled 6,360 acres across Clayton Valley. The Company would like to note that the Macallan East Lithium project encompasses 5,340-acres and spans 267 claims.
Scotch Creek would like to invite investors and stakeholders to connect with our investor relations team or visit our website to sign-up to receive regular updates and news alerts.
About Scotch Creek Ventures
Scotch Creek is a mineral exploration company, focused on the acquisition, exploration, and development of lithium projects located in tier-one mining jurisdictions such as Nevada, USA. Scotch Creek's vision is to secure North America's green revolution future with strategically sourced lithium projects.
On behalf of the Board of Directors
"David K. Ryan"
David Ryan
Chief Executive Officer
Further information about the Company is available on our website at www.scotch-creek.com or under our profile on SEDAR at www.sedar.com, and on the CSE website at www.thecse.com.
Public Relations Contact
Scotch Creek Ventures Inc.
Telephone: +1.604.862.2793
Email: info@scotch-creek.com
Website: www.scotch-creek.com
The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward‐looking and cautionary statements
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This release may contain statements within the meaning of safe harbour provisions as defined under securities laws and regulations.
This release may contain certain forward‐looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. By their nature, forward‐looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward‐looking statements.
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