There are many exciting developments coming ahead for the Company. Sienna is currently well-financed and will be very active on multiple projects in 2023.
In recent news, announced on September 5, 2023, Sienna Resources closed an arm’s length property option agreement to acquire a 100% interest in the “Elko Lithium Project” in Elko County, Nevada. This project consists of 79 claims consisting of approximately 1200 contiguous acres directly bordering Surge Battery Metals’ “Nevada North Lithium Project” in Elko County, Nevada. This project now makes Sienna one of the largest landholders in this new lithium district that borders Surge Battery Metals (NILI). The Nevada North Lithium Project has returned some of the highest grades for lithium in Nevada. According to Surge’s website, “The first certified analytical results for the 2023 summer drilling program at Surge Battery Metals Inc.’s Nevada North lithium project (NNLP) have returned multiple zones of high values ranging from 1,000 parts per million to 8,070 ppm lithium, the highest grades for exploration to date on the NNLP.” Plans are being formulated immediately for the first phase of work on this project.
Jason Gigliotti, President of Sienna states, “This is one of the most exciting lithium regions in North America. We are pleased to be one of the largest landholders in the area that borders Surge. The grades that were encountered by Surge are some of the highest grades attained in Nevada and having a project that is directly bordering this new lithium discovery holds tremendous promise for Sienna’s shareholders. We plan to immediately commence plans for the first phase of work on this project. Not only do we have this new lithium project, but Sienna is one of the largest landholders in Clayton Valley, Nevada through its other property interests. ”
Sienna has been approved for 4 additional holes on the Blue Clay Lithium Project in Nevada which now encompasses 3,100-acres, and where a recent drill program has discovered lithium values as high as 1,230 part per million lithium (ppm Li).
Sienna’s Clayton Valley Deep Basin Lithium Brine Project in Nevada, is completely surrounded by Pure Energy, who has a strategic partnership with Schlumberger (NYSE: SLB), and is home to the only lithium brine basin in production in North America, located in the direct vicinity of Albemarle Corp’s (NYSE: ALB) Silver Peak deposit and Tesla Motors Inc.’s (Nasdaq: TSLA) Gigafactory.
Sienna’s other projects include and the Silver Peak South Lithium Project in Clayton Valley, Nevada and the ‘Marathon North Platinum-Palladium Property’ in Northern Ontario directly bordering Generation Mining (CSE: GENM) 7.1-million-ounce palladium-equivalent Marathon Deposit.
Sienna has sufficient cash resources for anticipated exploration plans, and we expect to be very active on multiple fronts in the remainder of 2023 and beyond. Management is very optimistic about the future and looks forward to what will happen in the ground on these projects.