06:41:50 EDT Tue 14 May 2024
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Scotch Creek Ventures Inc
Symbol SCV
Shares Issued 46,178,364
Close 2023-05-17 C$ 0.155
Market Cap C$ 7,157,646
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Scotch Creek receives drill permits for Macallan East

2023-05-18 12:34 ET - News Release

Mr. David Ryan reports

SCOTCH CREEK VENTURE RECEIVES APPROVAL TO DRILL ITS MACALLAN EAST LITHIUM TARGETS

Scotch Creek Ventures Inc. has successfully secured the necessary drill permits required to commence additional drilling on its Macallan East project, located in Clayton Valley, Nevada.

"Scotch Creek has finalized the compilation of the recently completed detailed gravity survey at our Macallan lithium project. The most prominent feature in the new gravity data is evidence of an uplifted, fault bounded, subsurface block of kilometer scale. This block is interpreted to be bounded to the east and west by extensions of the Angel Island fault zone, a complex, regionally important structural zone" said, Mr. Robert D. Marvin, Scotch Creek's Qualified Person. "Three drill targets have been identified to test this uplifted, faulted block in the sub-surface of the property. The goal of the drilling is to intersect strongly fractured units within the regional lithium host, the Esmeralda Formation. We anticipate that fracture zones will provide high porosity zones to capture deep basin brines."

Scotch Creek plans to conduct additional drilling on the project in order to expand and refine its understanding of the lithium brine resource, with the goal of developing a comprehensive resource estimate in the near future.

About The Macallan East Lithium Project

The 6,360-acre Macallan East claim block sits directly on trend with outcropping, lithium mineralized, volcanic ash-rich, basin lakebed sedimentary rocks towards the project area from the North-Northeast. 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.

Marketing Agreement

Scotch Creek Ventures is pleased to announce they have entered into an arms-length marketing agreement with Think Inc. Marketing (Think Inc), a top public relations firm that will provide Scotch Creek with a comprehensive marketing strategy to enhance the company's investor awareness and engagement. The agreement includes a range of marketing activities such as digital advertising, content creation, and public relation campaigns.

The agreement has an initial term of six months for a total of USD 50,000, unless terminated earlier in accordance with said agreement. Think Inc and any of its principals are operating at arm's length from Scotch Creek Ventures and neither holds any securities of the Company nor has any interest, direct or indirect, in the Company.

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.

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