SCOTCH CREEK VENTURES INC. COMPLETES DRILLING ON CUPZ PROJECT ESMERALDA COUNTY NEVADA
April 22, 2020, Vancouver, BC – Scotch Creek Ventures Inc. (“Scotch Creek” or the “Company”) (CSE:SCV) announced it has completed 1,175 feet (358 meters) of drilling in four drill holes at the Cupz Project in Esmeralda County Nevada. Drilling was completed using a reverse-circulation drill rig. The holes were oriented easterly to test north-northeast trending gold-mineralized zone and the intersection of the mineralized zone with a west-northwest trending fault zone.
Drill sites were determined using geologic mapping, geochemical soil & rock sampling, and ground gravity & magnetic geophysical surveys completed by Scotch Creek Ventures Inc. Drill samples were collected every five feet and geologic logging was completed on site.
The results of the drill sample assays indicate that the structural zone targeting was successful and gold,
silver, copper, zinc, and arsenic results provide a distinct signature corresponding with quartz veining and clay alteration along the mineralized zone and fault zones. Possible metal zonation is suggested by the holes in the Harkless Formation siltstone versus those in the Emigrant Formation limestone. This zonation may also be related to the intrusion of the felsic and mafic dikes.
Further work is recommended to identify the intrusive source of the mafic and felsic dikes. Pending additional funds, the drill results can be combined with field mapping and geochemical sampling to further explore for the intrusive source using the existing geophysical data.
All drill samples were submitted to the Bureau Veritas Minerals (“BV”) laboratory in Reno, Nevada. Sample preparation was completed in Reno. Analytical work was completed at the BV laboratories located in Vancouver, BC., including ICP-MS analyses for base metals and trace elements, and gold determination by atomic absorption assay. Analytical results are subject to industry-standard and NI 43- 101 compliant QAQC sample procedures at the laboratory, as described by BV.
Results of the drilling will be forthcoming after the data is analyzed and assembled.
E.L. “Buster” Hunsaker III CPG 8137 a “Qualified Person” as that term is defined under NI 43-101, has
reviewed and approved the technical information contained in this news release.
On behalf of the Board of Directors
David Ryan, CEO
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain “forward-looking information”
within the meaning of applicable securities law. Forward-looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking
statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.
The CSE and Information Service Provider has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.