Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) ("Scotch Creek" or the "Company") is pleased to announce the initiation of additional gravity grid survey work of the Highlands West lithium exploration project in Clayton Valley, Nevada.
The Company has extended the existing gravity survey coverage by undertaking a new survey to map the remainder of the property. The primary objective of this extended survey is to identify additional faulted features in the subsurface, further enhancing the company's understanding of the geological composition and potential lithium deposits within the Highlands Project.
The previous survey, completed in 2022, yielded significant findings, including the identification of a prominent northwest trending structural graben structure (See 2022 Press Release). This distinct feature, characterized by a gravity low and well-defined gravity high flanks, shows the presence of a sub-basin along the western flank of the renowned Clayton Valley. Notably, the graben spans the entire surveyed grid of 2022 and extends to the main Clayton playa on the eastern side of the property. The discovery of this structural graben is significant to Scotch Creek, as it indicates the existence of a deep structural trough that could potentially be filled with evaporite stratigraphy, making it a possible host for lithium brines.
Mr. David Ryan, Scotch Creek's CEO, commented, "We are delighted to announce our undertaking of a comprehensive gravity survey, encompassing a total of 272 stations, as part of our strategic efforts. By mapping the faulted features, we anticipate gaining invaluable insights into the Highlands Project. The examination of subsurface details within the geological formations will significantly contribute to our progress in identifying and determining additional drill targets, bringing us closer to achieving our objectives."
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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