Sienna Resources Launches New Website With a Focus on Battery Metals
December 15 2017 - 3:52PM
Sienna Resources (TSX.v:SIE) (FSE:A1XCQ0) (OTCBB:SNNAF) is pleased
to announce it has launched its new corporate website and branding.
Please visit the site at www.siennaresources.com
Recently Sienna received TSX Venture approval to
go forward into an exploration and option agreement to acquire the
Slättberg Cobalt-Nickel-Copper Project in Sweden (the “Project”).
The Project consists of two adjacent exploration permits comprising
approximately 9513 contiguous acres.
Jason Gigliotti president of Sienna states, “We
are very pleased to receive approval for this exciting
cobalt-nickel-copper prospect. Cobalt prices have just crossed
fresh nine year highs as of yesterday, and we look forward to
advancing this prospect. There are 12 historic mines on this
property and with modern mining approaches, we are very optimistic
about what this project could contain. We expect to be drilling
early 2018 as the project is drill ready now.”
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.”
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 12 historic mines are located on the property, with
historic operations dating back to the late 1800’s.
To see an image of Geophysics and Target Map, please visit:
https://orders.newsfilecorp.com/files/854/31360_a1513362997449_56.jpg.
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 InformationTel: 1.604.646.6900Fax:
1.604.689.1733www.siennaresources.cominfo@siennaresources.com
“Jason Gigliotti”President, DirectorSienna
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.