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Scotch Creek Ventures Inc. (CSE: SCV) (OTC Pink: SCVFF) has announced a strategic decision to reduce the size of their claims across three projects following an extensive review of exploration data. This move aims to concentrate efforts on areas with the highest potential for success. The company's Technical Director, Robert D. Marvin, stated that the retained claims contain what they believe to be the best exploration targets.
The Macallan East lithium project will now consist of 87 claims (1,740 acres), the Highlands West lithium project will be reduced to 149 claims (2,980 acres), and the Miranda lithium property will comprise 170 claims (3,400 acres). The Cupz property remains at 39 claims (780 acres). Additionally, Scotch Creek has decided to cancel all issued options to maintain financial discipline and support its strategic goals.
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Scotch Creek Ventures announces its acquisition of the Miranda lithium project in Jackson Valley, Nevada, expanding its lithium footprint to approximately 14,500 acres. The project includes 268 placer claims across 5,360 acres, located near the only producing lithium mine in North America. The acquisition involves 3,100,000 common shares and $120,000 cash. The geological aspects suggest high potential for lithium resources, supported by favorable environmental conditions.
Scotch Creek Ventures has staked an additional 159 lode claims, expanding its Macallan East project by 3,180 acres. This addition supports the upcoming drill program, aiming for the first exploration holes in the Southeast Clayton Bench. The geology suggests potential for lithium brine and clay resources, with Mr. Marvin highlighting the area's under-explored nature. Scotch Creek focuses on lithium exploration in North America's promising Clayton Valley.
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