Source: Scotch Creek Ventures Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Scotch Creek Ventures (SCV) completes the second drill hole at its Macallan East Lithium project
  • Thirty-three segments of core samples were analyzed
  • There were two clear lacustrine evaporative basin zones intersected
  • Deeper down, thick sections of altered volcanic ash were intersected between 750 and 1045 feet downhole
  • Scotch Creek is a mineral exploration company focused on the acquisition, exploration, and development of lithium projects
  • Scotch Creek Ventures (SCV) is up over 7 per cent, trading at C$0.22 at 11:33 am EST

Scotch Creek Ventures (SCV) has completed the second drill hole on the Macallan East project for a total depth of 1107 feet.

Thirty-three segments of core samples were analyzed to understand the geological and geochemical characteristics of a thick section of volcanic ash-rich evaporative lake-bed sediments intersected at Macallan.

Robert P. Marvin, Scotch Creek’s P. Geo. and director, added, “We are extremely pleased with how swiftly this drill program progressed. The geological logging results from the drilling of hole MCD-2 are very encouraging, with two clear lacustrine evaporative basin zones being intersected.”

“Deeper down, thick sections of altered volcanic ash were intersected between 750 and 1045 feet downhole. Green and black claystone occur in this lower ash-rich section,” continued Marvin.

Scotch Creek is a mineral exploration company focused on the acquisition, exploration, and development of lithium projects in tier-one mining jurisdictions such as Nevada, USA.

Scotch Creek Ventures (SCV) is up over 7 per cent, trading at C$0.22 at 11:33 am EST.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.

" @ the Bell: Markets tumble amid rate worries

Canada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.