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SCOTCH CREEK VENTURES INC - SCVFF STOCK NEWS

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Scotch Creek Ventures Inc. (SCVFF) is a mineral exploration company focused on acquiring, exploring, and developing lithium projects in Nevada, USA. The company has identified high-priority drill targets on its Highlands West lithium project, based on recent surveys. The geological data indicates the presence of a potentially high-quality lithium brine target within a newly discovered graben basin. Scotch Creek's team is finalizing drill targets for further exploration.

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Scotch Creek Ventures Inc. (CSE: SCV) (OTC Pink: SCVFF) has announced a strategic decision to reduce the size of their claims across three projects following an extensive review of exploration data. This move aims to concentrate efforts on areas with the highest potential for success. The company's Technical Director, Robert D. Marvin, stated that the retained claims contain what they believe to be the best exploration targets.

The Macallan East lithium project will now consist of 87 claims (1,740 acres), the Highlands West lithium project will be reduced to 149 claims (2,980 acres), and the Miranda lithium property will comprise 170 claims (3,400 acres). The Cupz property remains at 39 claims (780 acres). Additionally, Scotch Creek has decided to cancel all issued options to maintain financial discipline and support its strategic goals.

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Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) announces the confirmation of lithium presence on the 5,360-acre Miranda project through a soil sampling program. The results show a lithium anomaly extending over 2 kilometers by 1 kilometer on the property, with samples ranging from 102 to 223 parts per million (PPM) lithium. The company plans to explore potential drill targets on the Miranda project based on the data gathered from the soil sampling program and Hybrid-Source Audio-Magnetotellurics.
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Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) announces the completion of a soil sampling program on their 5,360-acre Miranda project in Jackson Valley, Nevada. The program aimed to gather critical geological data to enhance the company's understanding of the project's mineralization potential. The presence of salt-bearing zones and white salt crusts on the surface indicates promising conditions for future exploration. Scotch Creek Ventures will continue to build on the soil sampling program as they progress exploration and development activities on the Miranda project.
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Scotch Creek Ventures Inc. announces plan for soil sampling and geological mapping on Miranda property in Nevada.
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Scotch Creek Ventures Inc. has identified high-priority drill targets on its Highlands West lithium project. The recently completed gravity survey revealed a significant deep graben structure containing conductive groundwater. The conductive volume spans approximately 300 meters in thickness and covers an area of five to seven square kilometers. Scotch Creek is finalizing drill targets for an initial subsurface test.
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Scotch Creek Ventures has secured drill permits to commence additional drilling on its Macallan East project in Nevada. The company has identified three drill targets to test an uplifted, faulted block in the sub-surface of the property, with the goal of intersecting strongly fractured units within the lithium host.
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Scotch Creek Ventures announces its acquisition of the Miranda lithium project in Jackson Valley, Nevada, expanding its lithium footprint to approximately 14,500 acres. The project includes 268 placer claims across 5,360 acres, located near the only producing lithium mine in North America. The acquisition involves 3,100,000 common shares and $120,000 cash. The geological aspects suggest high potential for lithium resources, supported by favorable environmental conditions.

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Scotch Creek Ventures has staked an additional 159 lode claims, expanding its Macallan East project by 3,180 acres. This addition supports the upcoming drill program, aiming for the first exploration holes in the Southeast Clayton Bench. The geology suggests potential for lithium brine and clay resources, with Mr. Marvin highlighting the area's under-explored nature. Scotch Creek focuses on lithium exploration in North America's promising Clayton Valley.

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FAQ

What is the current stock price of SCOTCH CREEK VENTURES (SCVFF)?

The current stock price of SCOTCH CREEK VENTURES (SCVFF) is $0.01645 as of October 15, 2024.

What is the market cap of SCOTCH CREEK VENTURES (SCVFF)?

The market cap of SCOTCH CREEK VENTURES (SCVFF) is approximately 858.1K.

What is Scotch Creek Ventures Inc. focused on?

Scotch Creek Ventures is focused on acquiring, exploring, and developing lithium projects in Nevada, USA.

What recent achievement has the company announced?

The company has identified high-priority drill targets on its Highlands West lithium project based on recent surveys.

What did the geological data reveal about the lithium exploration project?

The data indicates the presence of a potentially high-quality lithium brine target within a newly discovered graben basin.

What is the next step for Scotch Creek's exploration efforts?

The team is finalizing drill targets for an initial subsurface test of the conductive area with a hole spacing of approximately one kilometer.

Where is the Miranda project located?

The Miranda project is located in Jackson Valley, Nevada, an area near known lithium deposits.

What was the objective of the soil sampling program on the Miranda project?

The program aimed to gather critical geological data to enhance the company's understanding of the project's mineralization potential.

What promising indicators were found during the soil sampling program?

Indicators such as white salt crusts and carbonate-rich silty claystone suggest past brine lake conditions on the Miranda project.

How can investors stay updated on Scotch Creek's developments?

Investors can connect with the investor relations team or visit the company's website to sign up for regular updates and news alerts.

SCOTCH CREEK VENTURES INC

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