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Excellent video aandt...
and supports my view that $SNNAF is an undiscovered gem in the market. With the low OS (under 200M) I can see this company (and SP) exploding once people start finding out about it.
SNNAF - Nice way to cover platinum, palladium, lithium, cobalt, and nickel, with one play.
Oh yeah almost forgot, they have gold too !
Great news ! Thanks for posting
Great news ! It was already awesome, now it's just 200% BETTER !!!
News out - Sienna Significantly Increases Acreage by Over 200% on its Kuusamo PGE-Cu-Ni Project in Finland to Now Have 189,181 Acres
https://marketwirenews.com/news-releases/sienna-significantly-increases-acreage-by-over-200-o-6471776251331203.html?i=c
$SNNAF big moves ahead?
As Sienna Resources is a relative unknow to the general market and has a tight OS at just 109.6M I can see this making a big move once the word gets out.
A quick move to $1.00 or more is not out of the question as noted below. The chart here is of another company involved in mining lithium and once it became known, it went parabolic in a relatively short time.
Platinum Begins Big Breakout Rally
17 hours ago (Feb 10, 2021 9:29 PM GMT)
Platinum
If you were not paying attention, Platinum began to rally much higher over the past 3+ days – initiating a new breakout rally and pushing well above the $1250 level. What you may not have noticed with this breakout move is that commodities are hot – and inflation is starting to heat up. What does that mean for investors/traders?
DAILY PLATINUM CHART SHOWS CLEAR BREAKOUT TREND
First, Platinum is used in various forms for industrial and manufacturing, as well as jewelry and numismatic functions (minting/collecting). This move in Platinum is more likely related to the increasing inflationary pressures we’ve seen in the Commodity sector coupled with the increasing demand from the surging global economy (nearing a post-COVID-19 recovery). The most important aspect of this move is the upward pricing pressure that will translate into Gold, Silver, and Palladium.
We’ve long suggested that Platinum would likely lead a rally in precious metals and that a breakout move in platinum could prompt a broader uptrend in other precious metals. Now, the combination of this type of rally in Platinum combined with the Commodity rally and the inflationary pressures suggests the global markets could be in for a wild ride over the next 12 to 24+ months.
This Daily Platinum chart highlights the recent upside breakout rally that has prompted a rally from $1050 to $1250+. If this rally continues to target the 100% Fibonacci price extension, near $1300, then it will become very clear that Platinum is rallying away from other precious metals. If this coincides with a continued general Commodity price rally, then we may start to see an inflationary cycle setting up that really change things – very quickly.
continues here>>>
https://www.fxempire.com/forecasts/article/platinum-begins-big-breakout-rally-699633
Catch the rest of the morning metals roundup and Finland PT.PD,PGE Trendlines here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161734267
News every month - awesome !
Hey cg22, great to be here...
SNNAF has all the ingredients for a low entry long term runner. Like what I am seeing so far.
Hope you and the family are well!
These guys are good at keeping their SH informed
I would expect news every month
$SNNAF is financed very well through EMX
.
.
........................
Platinum hits 6-year peak Today
Platinum prices rallied to their highest
in six years on Wednesday as economic recovery hopes boosted
demand for the auto-catalyst metal.
Platinum rose 4.2% to $1,254.80
https://finviz.com/futures_charts.ashx?p=d1&t=PL
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Sienna Resources Inc. (TSXV: SIE) ("Sienna" or the "Company") is pleased to provide an exploration update for its Kuusamo PGE-Cu-Ni Project (the "Project" or the "Property" or "Kuusamo"), located over the large Syöte Block and smaller Pirivaara Block, the southernmost intrusions that comprise the Koillismaa Layered Igneous Complex ("KLIC"), in north-central Finland. The Project is located about 19 km south of Palladium One Mining's LK Project, covering two of the northern blocks within the KLIC, who are targeting basal Contact-Type PGE-Cu-Ni sulphide mineralization.
The KLIC is part of a suite of Paleoproterozoic continental rift-related intrusions which are highly prospective for PGE-Cu-Ni deposits such as the nearby Suhanko (Arctic Platinum Oy) deposit located about 100 km northwest of the Project. Suhanko hosts SAMREC Code Compliant Measured and Indicated resources of 5.4 million ounces of palladium grading 1.44 g/t Pd and 1.3 million ounces of platinum grading 0.35 g/t Pt at a cut-off of 1.0 g/t Pt+Pd+Au, as well as Inferred Resources of 4.4 million ounces of palladium grading 1.50 g/t Pd and 1.1 million ounces of platinum grading 0.38 g/t Pt (www.suhanko.com). Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.
The highly prospective Kuusamo Project has the potential to host similar styles of basal PGE-Cu-Ni mineralization (Contact-Type) found at the LK Project and associated with the basal contact of the Syöte Block. Historical mapping and diamond drilling at Kuusamo has outlined an approximately 23 km long basal contact horizon along within the Syöte Block which is prospective for Contact-Type PGE-Cu-Ni sulphide mineralization.
Nice to see you here DE - this is looking like a bright future
I joined you - looks promising !! $SNNAF
Just took a position myself. Hoping this takes like the rest of the sector
Hoping to get some updates
Any updates on the Finland move?
Rare earth metals the big play
Love what this company is doing and where its headed. Many green days ahead here!
SNNAF starting to get noticed. Could see some nice gains here shortly
Lots of attention with companies like this. Could be prepped for a nice run in the near future!
Got a started position in SNNAF. Lots of room to grow with this one!
With all the EV attention, this should keep moving up from here. Great place to be in 2021.
Agreed. I just finished looking through their website, plenty happening here.
https://www.siennaresources.com/
Very true, I like the looks of what this company is doing.
Just picked up some here today, hope to ad more in the next few days.
Sienna Resources, my kind of company!
Multinational and Multi Mineral...
Can't beat that combo.
Good Entry Price at these levels.
$SNNAF looks like a great multinational.
Thanks cork! 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 to Finland.
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
I'm having a lot of fun "Cyber prospecting" palladium trend lines across the whole country of Finland
SNNAF is in this cross section trendline I just finished.
About the other thing
It would help me access my files over there so I would appreciate very much if you would add me back on.
I just can't tell tell you how much I'll be around because I'm devoting all my time to the Finland palladium platform project.
==================================================
This area from our palladium trendline files runs through the path of SNNAH
Name: Murtolampi (Watch for upcoming news on this one)
Commodity: platinum group metal
Alternative names: Null
Current holder: Nortec Minerals Oy
Occurrence type: prospect
All main commodities: PGE, Pd, Pt
Other commodities: Cu, Au, Ni
Commodity measure total: Null
Deposit type: Ultramafic (magmatic)
Host rocks: Sulphide ore, Orthogneiss
Discovery year: 1990
Resources: Null
Reserves: Null
Size by commodity: Unknown size
Mine status: Null
Calc method: Null
Calc year: Null
Province: Koillismaa (PGE, V, Ni, Fe, Cu)
.
.
....................
.
.
Name: Kaukua NKORF LK project area see https://www.palladiumoneinc.com/projects/palladium/lantinen-koillismaa-project-finland
and SNNAF
https://www.siennaresources.com/projects/kuusamo-pge-ni-cu-co-project/
Commodity: platinum group metal
Alternative names: Null
Current holder: Nortec Minerals Oy
Occurrence type: deposit
All main commodities: PGE, Ni, Pd, Pt
Other commodities: Co, Au, Cu
Commodity measure total: Ni: 18581 t; Pd: 15.86 t; Pt: 5.14 t; Au: 1.86 t; Cu: 30604 t
Deposit type: Ultramafic (magmatic)
Host rocks: Pyroxenite, Gabbroic rock, Peridotite
Discovery year: 1990
Resources: 10.985 Mt @ Pd 0.81 ppm, Pt 0.27 ppm, Ni 0.09 %, Au 0.09 ppm, Cu 0.15 %; 10.875 Mt @ Pd 0.64 ppm, Pt 0.2 ppm, Ni 0.08 %, Au 0.08 ppm, Cu 0.13 %
Reserves: Null
Size by commodity: Unknown size
Mine status: Null
Calc method: CIM standards
Calc year: 2019
Province: Koillismaa (PGE, V, Ni, Fe, Cu)
Best exploration stage miner I've seen in a long time. Excellent sleuthing.
I'm still thinking about the other thing.
$SNNAF Sienna Confirms Basal Contact Series as Primary Target for Palladium Mineralization at Kuusamo Project, Finland
Published: Jan. 25, 2021 at 3:02 a.m. ET
The MarketWatch News Department was not involved in the creation of this content.
Vancouver, British Columbia, Jan 25, 2021 (Newsfile Corp via COMTEX) -- Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Sienna Resources Inc. (TSXV: SIE) ("Sienna" or the "Company") is pleased to provide an exploration update for its Kuusamo PGE-Cu-Ni Project (the "Project" or the "Property" or "Kuusamo"), located over the large Syöte Block and smaller Pirivaara Block, the southernmost intrusions that comprise the Koillismaa Layered Igneous Complex ("KLIC"), in north-central Finland. The Project is located about 19 km south of Palladium One Mining's LK Project, covering two of the northern blocks within the KLIC, who are targeting basal Contact-Type PGE-Cu-Ni sulphide mineralization.
The KLIC is part of a suite of Paleoproterozoic continental rift-related intrusions which are highly prospective for PGE-Cu-Ni deposits such as the nearby Suhanko (Arctic Platinum Oy) deposit located about 100 km northwest of the Project. Suhanko hosts SAMREC Code Compliant Measured and Indicated resources of 5.4 million ounces of palladium grading 1.44 g/t Pd and 1.3 million ounces of platinum grading 0.35 g/t Pt at a cut-off of 1.0 g/t Pt+Pd+Au, as well as Inferred Resources of 4.4 million ounces of palladium grading 1.50 g/t Pd and 1.1 million ounces of platinum grading 0.38 g/t Pt (www.suhanko.com). Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.
The highly prospective Kuusamo Project has the potential to host similar styles of basal PGE-Cu-Ni mineralization (Contact-Type) found at the LK Project and associated with the basal contact of the Syöte Block. Historical mapping and diamond drilling at Kuusamo has outlined an approximately 23 km long basal contact horizon along within the Syöte Block which is prospective for Contact-Type PGE-Cu-Ni sulphide mineralization.
Sienna recently completed orientation soil surveys (total of four sections) over the interpreted contact region of the Syöte and Pirivaara blocks (Figure 1). The soil samples, which targeted the B-horizon in the soil profile, were analysed using partial leach methods to identify mobile metals interpreted to be derived from local sulphide-rich source rocks. In three of the four test sections, the targeted geologic horizon (contact region) showed anomalies in a combination of vector elements including palladium, copper, nickel, and gold. Background concentrations for the vector elements were established at 0.09 ppb Pd, 400 ppb Cu, 70 ppb Ni, and 0.05 ppb Au. The lower limit of detection ("LLD") for these elements are 0.05 ppb Pd, 1 ppb Cu, 1 ppb Ni, and 0.02 ppb Au.
Figure 1. Location of soil sampling sections within the Syöte and Pirivaara blocks, Finland.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/854/72709_3809d0ff14558888_002full.jpg
Anomalous soil samples returned concentrations in the vector elements that ranged from LLD to 0.21 ppb Pd, 109 to 783 ppb Cu, and 33 to 137 ppb Ni, and LLD to 0.16 ppb Au in section Site #1 (Figure 1 - panel A), from LLD to 0.29 ppb Pd, 121 to 846 ppb Cu, 68 to 236 ppb Ni, and LLD to 0.57 ppb Au in section Site #3 S1 (Figure 1 - panels B and C), from LLD to 0.31 ppb Pd, 109 to 3190 ppb Cu, 42 to 1120 ppb Ni, and LLD to 0.71 ppb Au in section Site #3 S2 (Figure 1 - panels B and C), with anomalies positioned at or near the targeted basal units of the two KLIC blocks. Results from section Site #2 were mostly LLD or below the determined background concentrations.
Results from the orientation soil sampling program reflect a highly encouraging "proof of concept" for this rapid and inexpensive sampling technique, and provides the confidence for this technique to be used to screen larger target areas within the Project, in a highly cost-effective manner.
The most encouraging aspect of the sampling program were the particularly strong anomalies seen in the southernmost sampling lines in the Pirivaara Block (Figure 1). The Pirivaara Block is an outlying exposure of the KLIC that crops out from beneath glacial cover in the southeastern portion of the Project. Little is known about this particular exposure of the KLIC, but the Sienna soil sampling results shows evidence of strong anomalism in copper and nickel (Figure 1 - panel C), and palladium and gold (Figure 1 - panel B). As a result of these positive indications, this area, along with the basal contact in the Syöte Block, will be prioritized for further work.
Plans for continued exploration on the Kuusamo project include broader sampling programs using the same soil sampling techniques employed in this initial phase of sampling, as well as geophysical surveys (Induced Polarization or "IP" and detailed ground magnetics) targeting the prospective basal portions of the intrusive blocks. The aim of the broader exploration programs will be to identify the highest priority drill targets on the Project.
Jason Gigliotti, President of Sienna Resources stated, "We are very pleased and excited regarding the data gathered to date in Finland. The basal contact is 23 km long and is the primary target for this project, showing similar characteristics and geological orientation as the bordering project of Palladium One Mining. We are very encouraged at this stage, and are highly motivated to get the next phase underway. Not only is Sienna active in Finland, but we are underway in Norway on our Bleka Gold Project and revaluating plans in Clayton Valley, Nevada on our Clayton Valley Deep Basin Lithium Project, that lies in the deepest section of the brine where Pure Energy Minerals is currently drilling. The Clayton Valley is home to Albemarle's Silver Peak Lithium brine operation which is the only producing lithium brine deposit in the USA. Management is very optimistic about the prospects of 2021 as the company will have multiple shots on goal for success."
The technical content in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), an independent geological consultant who is a Qualified Person under the definitions established by the National Instrument 43-101.
Soil samples were submitted for analyses at ALS Scandinavia AB (ALS Global) whose laboratories are accredited by SWEDAC for several analytical methods and whose accreditation implies their compliance with the international standard ISO 17025 and ISO 9001:2000. The ALS Global Ionic Leach assay method identifies anomalous mobile metal ions which may have been mobilized and trapped within the soil profile, giving good indications of mineralized bodies under deep cover.
About Sienna Resources Inc.
Sienna Resources is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. Sienna is partnered with a New York Stock Exchange-listed mining company on three separate projects in Scandinavia including the past-producing Bleka and Vekselmyr orogenic gold projects in southern Norway which are both greenstone-hosted gold systems, the Kuusamo platinum group elements (PGE) project in Finland directly bordering the LK Project being advanced by Palladium One Mining Inc., and the platinum-palladium-nickel Slattberg project in southern Sweden. In North America, Sienna's projects include the Marathon North platinum-palladium property in Northern Ontario directly bordering Generation Mining Ltd.'s 7.1-million-ounce palladium-equivalent Marathon deposit. Sienna also has the Clayton Valley Deep basin lithium project in Clayton Valley, Nev., home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp.'s Silver Peak deposit and Tesla Motors Inc.'s Gigafactory. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the company's properties.
If you would like to be added to Sienna's email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources.
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com
"Jason Gigliotti"
President, Director
Sienna Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72709
COMTEX_379425088/2523/2021-01-25T03:02:24
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
copyright (c) newsfile corp. 2021. all rights reserved
The MarketWatch News Department was not involved in the creation of this content.
https://www.marketwatch.com/press-release/retransmission-sienna-confirms-basal-contact-series-as-primary-target-for-palladium-mineralization-at-kuusamo-project-finland-2021-01-25?siteid=bigcharts&dist=bigcharts&tesla=y
Oooops / Hey / Don't mind me - I'm just kinda trippin' around that's all and nears everywhere's I go I almost seem to find you.
So, you've mulled over these guys too ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Asie&time=100&startdate=6%2F1%2F2010&enddate=12%2F7%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&x=52&y=12&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
News - Sienna Resources Inc.: Drilling on Flagship Slättberg Nickel-Copper-Cobalt Project in Sweden Now Underway
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October 04, 2019 03:03 ET | Source: Sienna Resources Inc.
VANCOUVER, British Columbia, Oct. 04, 2019 (GLOBE NEWSWIRE) -- Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) wishes to announce that a multi-hole drill program on Sienna's flagship nickel, copper and cobalt Slättberg Project in Sweden has now commenced.
Jason Gigliotti, President of Sienna, states, “This is a very exciting time for Sienna. It has been well over a year since our last drill program and drill results are what the market wants to see. The work programs over the past few years have enabled us to razor focus the drill program into the most highly prospective locations for nickel. Nickel prices have recently risen to 5 year highs and this is a very opportune time to be drilling for nickel. We are partnered with a NYSE mining company (EMX Royalty Corporation) on this project and we look forward to what the drilling will uncover.”
Data gathered from the 2018 Slättberg drill program, in addition to downhole Electro-Magnetic surveys and modern sampling & geophysical work have provided multiple new high priority drill targets. This work program is fully funded by cash on hand.
To see map of Slättberg Nickel-Copper-Cobalt Project, please visit:
https://orders.newsfilecorp.com/files/854/48486_293f0cd084200a90_002full.jpg
Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting nickel-copper-cobalt 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.
Mineralization at Slättberg is hosted by 1.8-1.9 Ga (Svecofennian) supracrustal rocks (metavolcanics and metasediments) located along the southwestern flank of a large gabbroic intrusive complex. The historic mines are positioned along an east-west trend of massive sulfide occurrences developed in and around a similarly oriented body of “leptite”. This is a local term used to describe rhyolitic/felsic tuffaceous rocks commonly associated with sulfide mineralization in Bergslagen. Mafic and ultramafic rocks also occur in and around the mine workings.
Sweden is at the forefront of an exploration and development boom in the mining industry. The country's favorable business environment includes a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction. Sweden has a long history of mining, and is host to some of Europe’s largest active mines.
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
If you would like to be added to Sienna’s email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources.
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com
“Jason Gigliotti”
President, Director
Sienna Resources Inc.
Anyone still hanging around here? I just noticed the steady rise of this company and wondered if it's going under the radar. From the looks of this board, it is!
Just created a new board for those who want to watch this on the Venture under SIE
Welcome,
Jag
Has everybody here signed up for news on the website?
If you do you will get a call from Jason Gigliotti prez of SIE.
I just got off a 20 min call with him for the second time in one month. How many other companies call you to ask if you have any questions???
News should be out soon and we will all have a good idea of what is going on with SIE.
If you want to call him and have a chat for yourself his number is 604-646-6900. I'm sure he'd be more than happy to answer any questions that you have...cool, huh? Tell him John told you to call, OK?
Cheers,
John aka Jag
Did you read my post#47?
Sorry masslanding, I was making posts on two boards and I was thinking about the other one ( EGT ) when I typed that comment on the end of my post...this is what happens as you get older.
Now, off to the other board to ask that question...lol
With SIE sandwiched between LIX the biggest land owner and PE that negotiated with Tesla,I could see SIE being scooped up sooner than
Later.
Oh have not followed EGT but will look into it.
Cheers
Read the article.
My concern is the lag for the Li companies to get up to production speed. Everybody and their dog is getting on the Li wagon but they are no where near providing Li to any buyer.
The bug guys in the biz, ALB, SQM, FMC and others who are already producing are going to fill in the present and early future demand and the jr's will get in on the action in 1-2 years once they get in production. At that point jr's will be weeded out as M&A will probably take place and some will fail for various reasons.
Hopefully SIE has the management to hang in there and get up and running with some useful Li production. We'll see...still early for the jr's like SIE.
It's going to be interesting to see if the supply of Li can keep up with demand at first. EV's are still at the very cusp of the bell curve and have a long way to go.
Sure is fun watching all of this stuff and good luck with your trades and investments.
Heard of any earnings whispers for EGT?
Gotcha...thanks!
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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
platinum-palladium deposit.
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
$871 million.
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
to Finland.
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.”
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.
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