Scotch Creek Ventures Inc. Applies for a Drill Permit at its 'Macallan East' Lithium Project, in Clayton Valley, Nevada
Scotch Creek Ventures Inc. has announced the application for a drill permit from the Bureau of Land Management for their Macallan East project in Clayton Valley, following a successful geophysics program. The 3,180-acre project identified potential lithium-bearing brines, and the company has narrowed down to three promising drill targets. CEO David Ryan expressed optimism about discovering significant lithium resources in the region. The drill program is expected to commence in early winter, pending permit approval, leveraging comparisons with nearby operators like Pure Energy Minerals.
- Successful geophysics program identified potential lithium targets at depths ranging from 100 to over 500 meters.
- Application for drilling permits marks a key step in exploration efforts.
- Proximity to Pure Energy Minerals, which has an inferred resource of 247,000 tonnes lithium hydroxide monohydrate, enhances project potential.
- None.
VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / Scotch Creek Ventures Inc. (the "Company") (CSE:SCV)(FSE:7S2)(OTC PINK:SCVFF) ("Scotch Creek" or the "Company")is pleased to announce that following the successful geophysics program on its Macallan East project, the company has now applied for a drill permit from the Bureau of Land Management ("BLM") to further explore its 3,180-acre project in Clayton Valley.
Scotch Creek's Macallan East geophysics results (announced on press release September 22nd,2021) identified zones of low resistivity which are interpreted to represent potential lithium-bearing brines at depth. Scotch Creek's technical experts have identified many lithium drill targets but have narrowed it down to three highly promising targets that the Company intends to drill, pending the permit approval.
Figure 7 Link: HSMAT Survey Macallan Claims, Clayton Valley, Nevada. Lines 1,2 and 4 Depth Sections.
Scotch Creek Ventures' CEO, David Ryan commented, "we are extremely excited to continue our lithium exploration efforts and, following the recent successful geophysics program, we strongly believe that our Macallan project has excellent potential for hosting lithium-brine and claystone. Applying for the drill permits is the next significant step as we strive to discover the next big lithium resource in Clayton Valley. We have identified multiple drill targets by comparing our data to nearby operators who had similar results, like Pure Energy Minerals (TSX.V: PE) who have an already inferred resource of lithium."
Highlights on the Macallan East Lithium Project
- Completed geophysics program identifying values of low resistivity across the project from 100 meters to deeper than 500 meters.
- 3,180-acre project adjacent to Pure Energy Minerals which has an inferred resource of 247,000 tonnes lithium hydroxide monohydrate
- Plan to commence drill program in early winter pending permit approval.
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 North American mining jurisdictions. Scotch Creek's mission is to become a best-in-class lithium exploration company situated in one of the most promising lithium districts in the world, Clayton Valley, Nevada.
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: +1.604.685.4745
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.
SOURCE: Scotch Creek Ventures Inc.
View source version on accesswire.com:
https://www.accesswire.com/669798/Scotch-Creek-Ventures-Inc-Applies-for-a-Drill-Permit-at-its-Macallan-East-Lithium-Project-in-Clayton-Valley-Nevada
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