Vancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC: SCVFF) (the "Company") ("Scotch Creek" or the "Company"), is pleased to announce the addition of 54 claims adjacent to its 100% owned Macallan East Lithium project ("Macallan"). This expansion increases the Macallan project's total acres to 6,360 acres, making Scotch Creek one of the largest lithium landholders in Clayton Valley.
The Macallan East project now lies on trend South-Southeast (SSE) of one of the world's most prolific lithium claystone belts. The recently completed gravity survey outlined this trend and provided the Company with important data. As a result, Scotch Creek is evaluating new and unexplored lithium drill targets that follow along this rich lithium belt that merit exploration.
Mr. David Ryan, Scotch Creek's CEO, said, "After assessing the first exploratory drill results along with the recently completed Gravity survey on Macallan, we identified these new claims as a possible extension of the world class lithium claystone belt discovered by Cypress Development Corp. and Noram Lithium Corp. The gravity survey clearly shows this SSE trend onto the newly staked claims. Drill targets are currently being determined on Macallan as we look towards additional drilling in 2023 on the project. We believe that this property expansion provides Scotch Creek with the best chance to make a substantial lithium discovery on Macallan East."
Figure 1
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About The Macallan East Lithium Project
The 6,360-acre Macallan East claim block sits directly on trend with outcropping, lithium mineralized, volcanic ash-rich, basin lakebed sedimentary rocks towards the project area from the North-Northeast. The projected presence of these mineralized units in the subsurface at Macallan strongly suggests that porous ash units, associated with these rocks elsewhere in the basin, should exist below the surface on the 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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