Scotch Creek Ventures Inc. Stakes Additional Claims in Preparation for Upcoming Drill Program

Rhea-AI Summary

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.

Positive

• Acquisition of an additional 159 lode claims, totaling 3,180 acres, enhances resource exploration potential.
• Upcoming drill program aims to explore lithium resources in the under-explored Southeast Clayton Bench.
• Geological analysis indicates strong potential for discovering lithium brine and claystone-hosted lithium.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / January 20, 2022 / Scotch Creek Ventures Inc. (the "Company") (CSE:SCV)(FSE:7S2)(OTC PINK:SCVFF) ("Scotch Creek" or the "Company") is pleased to announce that the Company has acquired, through staking, an additional 159 lode claims, totaling 3,180 acres on its Macallan East project to complement its existing placer claims for the upcoming drill program.

Scotch Creek Ventures' Geologist, Mr. Robert D. Marvin, commented, "I am looking forward to the upcoming core drilling program on the Macallan project, as Scotch Creek looks to put the first exploration holes into the Southeast Clayton Bench."

Macallan East Geology

The Macallan East project is located on the Southeast side of the Southern Clayton Valley. The claim block sits directly on trend with outcropping, lithium mineralized, volcanic ash-rich, basin lakebed sedimentary rocks which project towards the project area from the NNE. 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.

In addition, Mr. Marvin, stated, "The Southeast Clayton Valley Bench is dominated by uplifted, lacustrine sedimentary units of the Esmeralda Formation, and represents an under-explored subsurface for either lithium brine, or claystone hosted lithium resources. Our knowledge of the Macallan property has positively evolved resulting in the additional lode staking, to cover both the potential to discover lithium brine and or lithium-bearing clays. The Macallan Project indicates strong potential areas for the SE Clayton Bench."

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.

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.

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/684726/Scotch-Creek-Ventures-Inc-Stakes-Additional-Claims-in-Preparation-for-Upcoming-Drill-Program

FAQ

What did Scotch Creek Ventures announce on January 20, 2022?

On January 20, 2022, Scotch Creek Ventures announced the acquisition of 159 additional lode claims for its Macallan East project, totaling 3,180 acres.

What is the significance of the Macallan East project for Scotch Creek Ventures?

The Macallan East project is significant as it is located in a promising lithium district, and the new claims support an upcoming drill program aimed at exploring lithium resources.

What potential resources are being targeted at the Macallan East project?

The Macallan East project is targeting potential lithium brine and claystone-hosted lithium resources.

What is the stock symbol for Scotch Creek Ventures?

The stock symbol for Scotch Creek Ventures is SCVFF.