Sienna Resources Inc.: Drilling on Flagship Slättberg Nickel-Copper-Cobalt Project in Sweden Now Underway
October 04 2019 - 3:03AM
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 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.
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