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 intention to launch the first phase of its geophysical program on the 5,360 acre Miranda project. The first phase will consist of a seismic survey in addition to a detailed Hybrid-Source Audio-Magnetotellurics (“HSAMT”) survey conducted by Hasbrouck Geophysics Inc. The objective of this work program is to establish the presence of clay rich mudstones and cinder stones similar to those found in the Clayton Valley, Nevada.
Scotch Creek’s Technical Director, Mr. Robert D. Marvin, said, “We are eager to begin our exploration program on the Miranda project, as this is a virtually unexplored property just north of the recent Nevada Sunrise lithium discovery. [see April 28th, 2022, news release]. Scotch Creek believes that the main regional lithium host rock, the “Esmeralda Formation”, is found in the subsoil of the basin in which our Miranda project is located. Based on the results of the HSAMT and seismic surveys, the Company will consider additional geophysical programs, including a detailed gravity survey, as a potential precursor to a drilling 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 on the Macallan East project, an extensive geophysical campaign on the Highlands West project and an upcoming HSAMT drilling on the recently acquired Miranda project. commented Scotch Creek CEO David Ryan.
About the Miranda Project
The 100% owned Miranda Project is located in Jackson Valley, Nevada, a relatively enclosed arid basin with characteristics similar to Clayton Valley. The unexplored Miranda project is located in an area near known lithium deposits.
Additionally, given the proximity of the Cupz project to recent nearby lithium discoveries in the Jackson Valley, Scotch Creek will not proceed with the proposed spin-off of its Cupz leases (announced on September 1stst2021). The Company believes it can best maximize shareholder value by retaining these receivables.
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 mining exploration company, focused on the acquisition, exploration and development of lithium projects located in Tier 1 mining jurisdictions such as Nevada, USA. Scotch Creek’s vision is to secure the future of North America’s green revolution through strategically sourced lithium projects.
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Scotch Creek Ventures Inc.
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Forward-Looking Statements and Cautions
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any state of the United States in which such offer, solicitation or sale would be illegal. The securities mentioned 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 the registration requirements. This release may contain statements within the meaning of the safe harbor provisions as defined by securities laws and regulations.
This press release may contain certain forward-looking statements regarding the financial condition, results of operations and businesses of the Company and certain of the Company’s plans and objectives in this regard. By their nature, forward-looking statements involve risks and uncertainties 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. of those expressed or implied by such forward-looking statements. ‐ statements to research.
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