The Marathon North Platinum-Palladium Property in Northern Ontario is directly bordering Generation Mining Ltd.’s (CSE: GENM) Marathon
palladium project. This new project encompasses approximately 16,500 acres making Sienna one of the largest landholders in the Coldwell
Complex other than Generation Mining. The Coldwell Complex is the largest alkaline complex in North America and hosts the Marathon
According to Generation Mining’s webpage, the Marathon deposit is ‘one of’ the largest undeveloped platinum group metal mineral resources
in North America hosting several PGM-Copper deposits, including the 7.1 million ounce palladium-equivalent Marathon Deposit. On January 6,
2020, Generation Mining Limited released a preliminary economic assessment (PEA) giving Marathon an after-tax net present value (NPV) of
The Kuusamo battery metals project (the “Project”) which is comprised of two exploration “reservation” properties located adjacent to and near
EMX Royalty Corporation’s (EMX—NYSE) Kaukua platinum group elements (PGE) royalty property in Finland, which is being advanced by Palladium
One Mining Inc. (PDM-TSX.v). The highly prospective Kuusamo project hosts similar styles of mineralization located within the same mafic intrusive
complex and along trend of the mineralization at Kaukua. Both the Kuusamo and Kaukua properties show Ni-Cu-Co-PGE enriched sulfide horizons
near the base of a mafic intrusive complex. Geologic maps of the area depicting this horizon show that it extends for nearly 30 kilometers along
strike within the EMX reservation areas.
Sienna and EMX have been working together to advance the Slättberg Ni-Cu-Co-PGE project in southern Sweden, a relationship that will now extend
The Past Producing Bleka and Vekselmyr Orogenic Gold Projects, Norway
Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) (the “Company”) is pleased to announced that it has entered into an option
agreement with EMX Royalty Corporation (EMX—NYSE, TSX.v) to acquire the “Bleka and Vekselmyr Gold Projects” in Norway. These projects
are greenstone-hosted gold systems in southern Norway (see Figure 1). In particular, the Projects were acquired on the basis of past gold
production at Bleka from historic mining activities and the documentation of outcropping gold mineralization in orogenic-style veins at Vekselmyr.
Both Projects contain extensions of the structures that host gold mineralization that have not been tested by historic exploration programs. This
now gives Sienna 4 separate projects in Scandinavia.
Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting cobalt-nickel-copper rich massive sulfide mineralization that occurs within a two kilometer belt of historic nickel-copper mines. The Project contains drill defined massive sulfide mineralization
that extends to ~100 meters in depth, and remains open for expansion at depth and along strike. The Project is accessible year round, with nearby
rail, power and 5 smelters in the Nordic region. At least 16 historic mines are located on the property, with historic operations dating back to the late 1800’s.
Northvolt is planning to be the largest battery factory in Europe at roughly the same size as Tesla’s Gigafactory. Jason Gigliotti states “Northvolt wants
to locally source as much battery material as possible such as cobalt and nickel. There are now more than 20 mega battery factories currently being
planned or constructed globally, creating a massive demand on the battery metals such as lithium, cobalt and nickel. Sienna is focused on exploring
and developing projects that will meet this insatiable demand.”
Clayton Valley Deep Basin Lithium Brine Project
Sienna Resource’s “Clayton Valley Deep Basin Lithium Brine Project” is located directly inside of and completely surrounded by Pure Energy
Minerals Ltd’s property. The “Clayton Valley Deep Basin Lithium Brine Project” is located in parts of the deepest sections (refer to the map) of the
only lithium brine basin with a producing operation in North America, Albemarle Corp’s (NYSE: ALB) Silver Peak Mine.
Pure Energy Minerals, which owns the Clayton Valley South project, has released an inferred resource of 247,000 tons of lithium carbonate
equivalent on the Clayton Valley South project. According to the Pure Energy Minerals Limited website, “Geophysics shows that the same
brine-bearing formations encountered during drilling (Pure) appear to extend to much greater depths within the basin.”
Pure Energy Minerals Limited had signed a supply agreement with Tesla Motors Inc (Nasdaq: TSLA) to potentially supply lithium hydroxide from its Clayton Valley Lithium Brine Deposit. Also, recently announced on November 26, 2019, was news that Schlumberger Technology Corporation (NYSE: SLB) has begun the initial steps to advance its option to test and develop Pure Energy Mineral’s Clayton Valley Project. When a major company like Schlumberger is looking at the property that completely surrounds Sienna’s, it is clear that lithium in Nevada is gaining attention again.