Highland's West is Scotch Creek’s flagship Clayton Valley lithium project. The project spans 298 placer claims, totaling 5,960 acres, and is located on the southeast side of southern Clayton Valley. The property can be accessed by paved roads from Tonopah and Goldfield and the paved state route 265 through Silverpeak, the active lithium brine mine in the basin.
And right now, SCVFF has several potential catalysts that could fuel a possible vertical move from this exploration company in the near term.
Take a look for yourself...
#1. SCVFF Potential Breakout Catalyst - DTC Eligibility To Provide Added Exposure
Scotch Creek Ventures Inc Announces DTC Eligibility for U.S. Trading & Clearing
VANCOUVER, BC / ACCESSWIRE / November 4, 2021 / Scotch Creek Ventures Inc. (the "Company") (CSE:SCV)(FSE:7S2)(OTCQB:SCVFF) ("Scotch Creek" or the "Company") is pleased to announce that its common shares, traded in the United States ("OTCQB") under the symbol "SCVFF", are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.
DTC is a subsidiary of The Depository Trust & Clearing Corporation, a United States company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility simplifies and accelerates the process of trading and transferring the Company's common shares between brokerages in the United States, it also allows the shares to be traded on most common online platforms.
Scotch Creek CEO, Mr. David Ryan, Commented, "DTC eligibility is a significant step for Scotch Creek and our in-vest-ors. We believe this will facilitate our trading liquidity in the United States by increasing our exposure to one of the largest markets globally, making it easier for current and potential shareholders to take part in Scotch Creek's growth."
Read the full article here.
#2. SCVFF Potential Breakout Catalyst - Low Float Profile Could Provide Volatility
According to the Yahoo Finance website, SCVFF has a low float.
The website reports this profile to have approximately 26.14Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts could help spark a vertical move in the short-term.
#3. SCVFF Potential Breakout Catalyst - Applied For Permit At Macallan East
Scotch Creek Ventures Inc. Applies for a Drill Permit at its 'Macallan East' Lithium Project, in Clayton Valley, Nevada
VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / Scotch Creek Ventures Inc. (the "Company") (CSE:SCV)(FSE:7S2)(OTC PINK:SCVFF) ("Scotch Creek" or the "Company")is pleased to announce that following the successful geophysics program on its Macallan East project, the company has now applied for a drill permit from the Bureau of Land Management ("BLM") to further explore its 3,180-acre project in Clayton Valley.
Scotch Creek's Macallan East geophysics results (announced on press release September 22nd,2021) identified zones of low resistivity which are interpreted to represent potential lithium-bearing brines at depth. Scotch Creek's technical experts have identified many lithium drill targets but have narrowed it down to three highly promising targets that the Company intends to drill, pending the permit approval.
Scotch Creek Ventures' CEO, David Ryan commented, "we are extremely excited to continue our lithium exploration efforts and, following the recent successful geophysics program, we strongly believe that our Macallan project has excellent potential for hosting lithium-brine and claystone. Applying for the drill permits is the next significant step as we strive to discover the next big lithium resource in Clayton Valley. We have identified multiple drill targets by comparing our data to nearby operators who had similar results, like Pure Energy Minerals (TSX.V: PE) who have an already inferred resource of lithium."
Highlights on the Macallan East Lithium Project
- Completed geophysics program identifying values of low resistivity across the project from 100 meters to deeper than 500 meters.
- 3,180-acre project adjacent to Pure Energy Minerals which has an inferred resource of 247,000 tonnes lithium hydroxide monohydrate
- Plan to commence drill program in early winter pending permit approval.
Read the full article here.
#4. SCVFF Potential Breakout Catalyst - Possibly Building Momentum Towards A Big Vertical Move?
Heading into Tuesday's opening bell, SCVFF put together two strong green days.
Closing up 27.28% on 12/31/21 and up 6.17% on 1/3/22, SCVFF could be heating up with eyes on a big start to the new year.
On top of that, SCVFF is now trading over a handful of potential lines of support. Those lines include SCVFF's:
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 50-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
Could this recent hot streak be signaling SCVFF to be undervalued at current levels?
Only time will tell...
SCVFF Recap: The Top 4 Potential Breakout Catalysts To Know
#1. DTC Eligibility To Provide Added Exposure
#2. Low Float Profile Could Provide Volatility
#3. Applied For Permit At Macallan East
#4. Possibly Building Momentum Towards A Big Vertical Move?
Coverage is officially initiated on SCVFF. When you get a moment, do this: