(MENAFN- Newsfile Corp) Scotch Creek Receives Final Approval to Drill the 'Macallan East' Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2022) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC Pink: SCVFF) (the 'Company' ) ( 'Scotch Creek' or the 'Company' ), is pleased to announce that is has received final approval from the US Bureau of Land Management (the 'BLM' ) for the upcoming exploration and initial drill plan under a Notice of Intent ('NOI' ) for its 100% owned Macallan East Lithium Project ('Macallan' and/or the 'Project' ) in Clayton Valley, Nevada.
The NOI allows for drilling and additional exploration activities on the Property. The drill program at Macallan East will focus on the highlighted lithium targets outlined in the recent geophysical work. In addition, the BLM has accepted A US$18,773 bond to cover up to 3.65 acres of permitted disturbance on Macallan's upcoming drill program.
Scotch Creek Ventures' CEO, Mr. David Ryan, commented 'Our recent geophysical report identified multiple high priority targets and we have moved rapidly to secure the necessary NOI drill approval. We are committed to further advancing our Nevada lithium projects and commencing exploratory drilling is the next step in achieving our Company goal to become a top-tier North American lithium producer.'
Macallan East
The 3,180-acre 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.
Further, the Company has entered into an online marketing agreement with Marco Messina, a European communications firm, whereby they will design, create, and distribute advertising content throughout Europe with the additional assistance of Star Finance GmbH, on the Company's behalf. The Agreements are effective starting February 23rd, 2022, and are proposed to continue for a minimum one-month term at a cost of $191,000.00.
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'
David Ryan
Chief Executive Officer
Further information about the Company is available on our website at or under our profile on SEDAR at , and on the CSE website at .
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Scotch Creek Ventures Inc.
Telephone: +1.604.685.4745
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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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