- Scotch Creek (SCV) plans to initiate the first phase of its geophysical program on the 5,360-acre Miranda Project, located in Jackson Valley, Nevada
- Phase one will consist of a Seismic survey in addition to a detailed Hybrid-Source Audio-Magnetotellurics (“HSAMT”) survey carried out by Hasbrouck Geophysics Inc
- The company will consider additional geophysics programs based on the results of the HSAMT and Seismic surveys
- Scotch Creek is a mineral exploration company
- Scotch Creek Ventures Inc. (SCV) was down 1.03 per cent, trading at C$0.48 per share as of 12:40 pm ET
Scotch Creek (SCV) plans to initiate the first phase of its geophysical program on the 5,360-acre Miranda Project, located in Jackson Valley, Nevada.
Phase one will consist of a Seismic survey in addition to a detailed Hybrid-Source Audio-Magnetotellurics (“HSAMT”) survey carried out by Hasbrouck Geophysics Inc. The objective is to establish the presence of well-bedded, clay-rich mudstones and ash stones similar to those found in Clayton Valley, Nevada.
Robert D. Marvin, Technical Director of Scotch Creek commented on the news.
“We are eager to start our exploration program at the Miranda project. It is virtually an unexplored property just to the North of Nevada Sunrise’s recent lithium discovery. Scotch Creek is confident that the key regional lithium host rock, the ‘Esmeralda Formation,’ can be found in the basin’s subsurface in which our Miranda project lies.”
The company will consider additional geophysics programs based on the results of the HSAMT and Seismic surveys.
Miranda project is a 100 per cent owned project. It is a relatively closed arid basin with similar characteristics to Clayton Valley. The unexplored Miranda project is situated in an area nearby known lithium deposits.
Also, given the proximity of the Cupz Project to recent nearby lithium discoveries in Jackson Valley, Scotch Creek will not pursue the proposed spin-off of its Cupz Claims (announced on September 1, 2021). The company believes it can better maximize shareholder value by retaining these claims.
Scotch Creek is a mineral exploration company. It focuses 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.
Scotch Creek Ventures Inc. (SCV) was down 1.03 per cent, trading at C$0.48 per share as of 12:40 pm ET.