Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC: SCVFF) (the "Company") ("Scotch Creek" or the "Company"), is pleased to announce its plans to initiate the first phase of its geophysical program on the 5,360-acre Miranda Project. Phase one will consist of a Seismic survey in addition to a detailed Hybrid-Source Audio-Magnetotellurics ("HSAMT") survey carried out by Hasbrouck Geophysics Inc. The objective of this work program is to establish the presence of well-bedded, clay-rich mudstones and ash stones similar to those found in Clayton Valley, Nevada.
Scotch Creek's Technical Director, Mr. Robert D. Marvin, commented, "We are eager to start our exploration program at the Miranda project, as it is virtually an unexplored property just to the North of Nevada Sunrise's recent lithium discovery [see April 28th, 2022, news release]. Scotch Creek is confident that the key regional lithium host rock, the 'Esmeralda Formation,' can be found in the basin's subsurface in which our Miranda project lies." Based on the results of the HSAMT and Seismic surveys, the Company will consider additional geophysics programs, including a detailed gravity survey, as a potential precursor to a drill program.
"Our team continues to rapidly develop and expand our highly promising portfolio of North American lithium assets. To date, our exploration efforts in Nevada include an ongoing drill program at the Macallan East project, an extensive geophysics campaign on the Highlands West project, and an upcoming HSAMT survey at the recently acquired Miranda project." Commented Scotch Creek's CEO, David Ryan.
About the Miranda project
The 100% owned Miranda project is located in Jackson Valley, Nevada, a relatively closed arid basin with similar characteristics to Clayton Valley. The unexplored Miranda project is situated in an area nearby known lithium deposits.
In addition, given the proximity of the Cupz Project to recent nearby lithium discoveries in Jackson Valley, Scotch Creek will not pursue the proposed spin-off of its Cupz Claims (announced on September 1st, 2021). The Company believes that it can better maximize shareholder value by retaining these 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"
Chief Executive Officer
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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