Scotch Creek Ventures Inc. Receives Drill Permit for Macallan East Lithium Project

Rhea-AI Summary

Scotch Creek Ventures (CSE:SCV) has received a drill permit from the Bureau of Land Management for its Macallan East lithium project in Clayton Valley, Nevada. This area is noted for its lithium production, housing the only operational lithium site in North America. The project borders significant lithium resources, including Pure Energy Minerals' 218,000 metric-tonne deposit. A drill program of over 19,000 feet is planned, focusing on three high-priority targets identified within the project.

Positive

• Receipt of drill permit enhances exploration prospects.
• Location in Clayton Valley, a key lithium-producing area.
• Identification of three high-priority drill targets.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / January 5, 2022 / Scotch Creek Ventures Inc. (the "Company") (CSE:SCV)(FSE:7S2)(OTC PINK:SCVFF) ("Scotch Creek" or the "Company") is pleased to announce that it has received its drill permit from the Bureau of Land Management (BLM) on its Macallan East lithium project in Clayton Valley, Nevada.

Clayton Valley has been a prolific source of lithium brine in North America and is the home of the only producing lithium operation in North America (Albemarle Corp). Scotch Creek's Macallan East project borders multiple known lithium resources including Pure Energy Minerals' 218,000 metric-tonnes lithium resource. Scotch Creek has identified three high-priority lithium drill targets within its Macallan East project and aims to initiate a drill program totaling over 19,000 feet of drilling (See press release October 27, 2021).

Matt Vitale, Scotch Creek's Technical Expert, commented "Clayton Valley's basin has collected, retained, and concentrated lithium into both mineral brines and claystone. The Macallan East Lithium Project is located along a key portion of the eastern margin of the basin. This eastern margin seems to be preferential for lithium concentrations in the Clayton Valley, based on adjacent projects. We are excited to begin our drill campaign in hopes of discovering America's next considerable lithium resource."

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/681017/Scotch-Creek-Ventures-Inc-Receives-Drill-Permit-for-Macallan-East-Lithium-Project

FAQ

What is the significance of the drill permit received by Scotch Creek Ventures?

The drill permit allows Scotch Creek Ventures to initiate exploration activities on its Macallan East lithium project, potentially uncovering valuable lithium resources.

Where is the Macallan East lithium project located?

The Macallan East lithium project is located in Clayton Valley, Nevada, an important lithium-producing region in North America.

What are the primary objectives of Scotch Creek Ventures' drilling campaign?

The primary objective is to explore and assess the lithium resources at three identified high-priority drilling targets, totaling over 19,000 feet of drilling.

What does the location of Scotch Creek's project imply for its potential success?

Located near established lithium resources, Macallan East benefits from the area's geological advantages that may lead to significant lithium discoveries.