Mining Stock News: Scotch Creek (CSE: SCV) Initiates Additional Geophysics Program on its Highlands West Project
Vancouver, British Columbia - March 2, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) (the "Company") ("Scotch Creek" or the "Company"), is pleased to announce the commencement of a gravity survey on its Highlands West lithium project in Clayton Valley, Nevada. Scotch Creek has retained Tom Carpenter, consulting geophysicist, to conduct the gravity survey at Highlands West.
The gravity survey will be carried out to map subsurface density contrasts caused by geological structures on a portion of Scotch Creek's 5,960-acre Highlands West project which lays adjacent to Albemarle's Silver Peak mine, the only lithium producing mine in the United States.
Scotch Creek Geologist, Mr. Robert D. Marvin, commented, "Our Highlands West project is situated in a very strategic part of Clayton Valley. The gravity grid we are surveying right now on the project is designed to map deeper sections of the target Esmeralda Formation in Clayton Valley. The Esmeralda Formation is the key regional host rock for lithium brine and lithium rich claystone deposits. There is abundant mapped evidence of important fault systems in the Valley. In addition to the gravity work, a detailed seismic survey is planned for Highlands this spring to map these faults beneath gravel cover, to better understand the projects subsurface geology."
Previously completed geophysics on Highlands West project include a hybrid source audio magnetotellurics (HSAMT) which the survey results outlined three high-priority drill hole targets located as follows:
- At or near station 2102 to a depth of approximately 600 meters
- At or near station 2205 to a depth of approximately 600 meters
- At or near station 2303 to a depth of approximately 400 meters.
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 with projects located in the most promising lithium region in the world, Nevada.
On behalf of the Board of Directors
"David K. 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.
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.
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