Vancouver, British Columbia--(Newsfile Corp. - August 16, 2023) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) ("Scotch Creek" or the "Company") is pleased to announce the identification of numerous high-priority drill targets on its Highlands West ("Highlands") lithium project. These targets were identified through a comprehensive analysis of the recently completed gravity survey (July 12, 2023 news release) in combination with the data obtained from HSAMT and seismic surveys previously conducted on the property.
The recently completed gravity survey data has unveiled a significant deep graben structure in the south-central portion of the property. The graben basin contains a significant volume of conductive groundwater, which is evident from the overlay of HSAMT data onto the recently acquired gravity data.
Mr. Robert D. Marvin, Scotch Creek's Qualified Person, commented, "The combined data clearly indicates the presence of a potentially high-quality lithium brine target. The conductive groundwater layers, observed in the HSAMT survey data, span approximately 300 meters in thickness and covers an area of five to seven square kilometers."
Crucially, this conductive volume is situated within the newly identified graben basin. Scotch Creek's geological model suggests the direction of the graben structure on the property aligns with the paleo brine lake in the Clayton Valley, indicated by repeated occurrences in the recent geological past. Scotch Creek's focus is on exploring evaporitic stratigraphy within this discovered graben structure.
The Scotch Creek team is currently finalizing drill targets for an initial subsurface test of the conductive area with a hole spacing of approximately one kilometer. This represents an important step forward in the Company's exploration efforts at their Highlands West lithium property.
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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