Scotch Creek Leverages Exploration Data to Optimize Portfolio
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.
Scotch Creek Ventures Inc. (CSE: SCV) (OTC Pink: SCVFF) ha annunciato una decisione strategica di ridurre la dimensione delle proprie rivendicazioni in tre progetti a seguito di una revisione approfondita dei dati di esplorazione. Questo passo mira a concentrare gli sforzi nelle aree con il massimo potenziale di successo. Il Direttore Tecnico dell'azienda, Robert D. Marvin, ha dichiarato che le rivendicazioni mantenute contengono quelli che ritengono essere i migliori obiettivi di esplorazione.
Il progetto litio di Macallan East consisterà ora di 87 rivendicazioni (1.740 acri), il progetto litio di Highlands West sarà ridotto a 149 rivendicazioni (2.980 acri), e la proprietà litio di Miranda comprenderà 170 rivendicazioni (3.400 acri). La proprietà di Cupz rimane a 39 rivendicazioni (780 acri). Inoltre, Scotch Creek ha deciso di cancellare tutte le opzioni emesse per mantenere la disciplina finanziaria e sostenere i propri obiettivi strategici.
Scotch Creek Ventures Inc. (CSE: SCV) (OTC Pink: SCVFF) ha anunciado una decisión estratégica para reducir el tamaño de sus derechos en tres proyectos tras una revisión exhaustiva de los datos de exploración. Este movimiento tiene como objetivo concentrar esfuerzos en las áreas con mayor potencial de éxito. El Director Técnico de la empresa, Robert D. Marvin, declaró que los derechos retenidos contienen lo que consideran los mejores objetivos de exploración.
El proyecto de litio Macallan East consistirá ahora en 87 derechos (1.740 acres), el proyecto de litio Highlands West se reducirá a 149 derechos (2.980 acres), y la propiedad de litio Miranda comprenderá 170 derechos (3.400 acres). La propiedad Cupz se mantiene en 39 derechos (780 acres). Además, Scotch Creek ha decidido cancelar todas las opciones emitidas para mantener la disciplina financiera y respaldar sus objetivos estratégicos.
스코치 크릭 벤처스 주식회사 (CSE: SCV) (OTC Pink: SCVFF)는 탐사 데이터를 광범위하게 검토한 후 세 프로젝트에 걸쳐 청구권의 규모를 줄이기로 한 전략적 결정을 발표했습니다. 이 조치는 성공 가능성이 가장 높은 지역에 노력을 집중하기 위한 것입니다. 회사의 기술 이사인 로버트 D. 마빈은 유지된 청구권이 그들이 믿는 최고의 탐사 목표를 포함하고 있다고 밝혔습니다.
맥앨런 이스트 리튬 프로젝트는 이제 87개의 청구권(1,740 에이커)으로 구성되며, 하이랜드 웨스트 리튬 프로젝트는 149개의 청구권(2,980 에이커)으로 줄어들고, 미란다 리튬 자산은 170개의 청구권(3,400 에이커)으로 구성됩니다. 컵즈 자산은 39개의 청구권(780 에이커)으로 유지됩니다. 또한, 스코치 크릭은 전략 목표를 지원하고 재정적 규율을 유지하기 위해 발행된 모든 옵션을 취소하기로 결정했습니다.
Scotch Creek Ventures Inc. (CSE: SCV) (OTC Pink: SCVFF) a annoncé une décision stratégique de réduire la taille de ses revendications dans trois projets suite à un examen approfondi des données d'exploration. Ce mouvement vise à concentrer les efforts sur les zones ayant le plus de potentiel de succès. Le directeur technique de l'entreprise, Robert D. Marvin, a déclaré que les revendications conservées contiennent ce qu'ils estiment être les meilleurs objectifs d'exploration.
Le projet lithium Macallan East comprendra maintenant 87 revendications (1 740 acres), le projet lithium Highlands West sera réduit à 149 revendications (2 980 acres), et la propriété lithium Miranda comprendra 170 revendications (3 400 acres). La propriété Cupz reste à 39 revendications (780 acres). De plus, Scotch Creek a décidé de canceller toutes les options émises pour maintenir la discipline financière et soutenir ses objectifs stratégiques.
Scotch Creek Ventures Inc. (CSE: SCV) (OTC Pink: SCVFF) hat eine strategische Entscheidung bekannt gegeben, die Größe ihrer Ansprüche in drei Projekten nach einer umfassenden Überprüfung der Explorationsdaten zu reduzieren. Dieser Schritt zielt darauf ab, die Bemühungen auf die Gebiete mit dem höchsten Erfolgspotenzial zu konzentrieren. Der technische Direktor des Unternehmens, Robert D. Marvin, erklärte, dass die verbleibenden Ansprüche die besten Explorationsziele enthalten, von denen sie glauben, dass sie sie haben.
Das Macallan East Lithium-Projekt wird jetzt aus 87 Ansprüchen (1.740 Acres) bestehen, das Highlands West Lithium-Projekt wird auf 149 Ansprüche (2.980 Acres) reduziert, und das Miranda Lithium-Grundstück wird 170 Ansprüche (3.400 Acres) umfassen. Das Cupz-Grundstück bleibt bei 39 Ansprüchen (780 Acres). Darüber hinaus hat Scotch Creek entschieden, alle ausgegebenen Optionen zu stornieren, um finanzielle Disziplin zu wahren und seine strategischen Ziele zu unterstützen.
- Strategic reduction of claims to focus on high-potential areas
- Retained claims believed to contain best exploration targets
- Optimized portfolio across multiple lithium projects
- Reduction in overall land holdings
- Cancellation of all issued options
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) ("Scotch Creek" or the "Company") announces the strategic decision to reduce the size of their claims across three of its projects. The decision follows an extensive review of the exploration data and will enable the Company to concentrate their efforts on areas with the highest potential for success.
Scotch Creek's Technical Director, Mr. Robert D. Marvin commented, "The Scotch Creek team has made the decision to reduce our land position in the Clayton Valley and nearby Miranda property. The retained claims at each of the projects contain what we believe to be the best exploration targets. The exploration results from 2023 and 2024 were compiled to determine which claims could be trimmed from the properties."
This targeted approach ensures that all retained claims are believed to contain the Companies top exploration targets. The Macallan East lithium project located in the Clayton Valley will consist of 87 claims totaling 1,740 acres, while the neighboring Highlands West lithium project will be reduced to 149 claims and 2,980 acres. The Companies Miranda lithium property located in the Jackson Valley will be 170 claims and 3,400 acres and the Cupz property totaling 39 claims and 780 acres.
Cancellation of Issued Options
In conjunction with the reduction of claims, Scotch Creek has also made the decision to cancel all issued options. This measure reflects the Company's commitment to maintaining financial discipline and ensuring that its capital structure supports its strategic goals.
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.sedarplus.ca, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222089
FAQ
How many claims does Scotch Creek Ventures (SCVFF) now hold for the Macallan East lithium project?
What is the new size of Scotch Creek Ventures' (SCVFF) Highlands West lithium project?
Why did Scotch Creek Ventures (SCVFF) decide to reduce its claim sizes in September 2024?
What action did Scotch Creek Ventures (SCVFF) take regarding its issued options in September 2024?
