Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - Scotch Creek Ventures Inc. (CSE: SCV) (FSE: 7S2) (OTC: SCVFF) ("Scotch Creek" or the "Company"), is pleased to announce the completion of a detailed gravity survey in the Southeast portion of its Macallan property. The purpose of the survey was aimed at gaining a better understanding of the structural geology and faulting of the Esmeralda Formation underlying the property. The newly acquired gravity data has been added to the existing gravity and other datasets, including subsurface geology from completed drilling.
Mr. Robert D. Marvin, Scotch Creek's Qualified Person, commented. "A highlight of the new gravity data is a significant gravity high bench of kilometre scale. Initial structural interpretation of the data suggests this bench lies within the intersection of two parallel North Northeast ("NNE") trending normal faults, and a cross-cutting Northwest trending fault zone. The two NNE trending fault zones interpreted from the gravity data are in a position to be the strike extension of the important Angel Island Fault Zone, which is mapped to the north of the property."
These intersecting fault zones are viewed as highly prospective for the presence of fracture zones, these zones could serve as pathways for groundwater movement in deep basins. The interpreted data shows a complexly faulted area, which may create structural traps for groundwater by the juxtaposition of Esmeralda Formation units with different porosity.
"Our next step will be to develop drill targets and explore the Southeast portion of the property. We will use the recently completed gravity work and focus on the structural understanding of the faults laying under the property to determine a drill program." Mr. David Ryan, Scotch Creek's CEO commented.
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.
On behalf of the Board of Directors
"David K. Ryan"
Chief Executive Officer
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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