Thank you for your interest in Sienna Resources Inc. (TSX.V:SIE, OTC:SNNAF, SWB:A1XCQ0)
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.
Recent News
Company Highlights
Nevada, USA
‘Elko Lithium Project’ in Nevada
About The Project
Sienna Resource’s “Elko Lithium Project” consists of 79 claims totaling 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, “Drill hole NN2207 intersected the thickest intervals of lithium-rich claystone encountered to date; a total of 120.4 metres (395 feet) averaging 3,943 parts per million lithium in four zones.” Plans are being formulated immediately for the first phase of work on this project.
Nevada, USA
‘Clayton Valley Deep Basin Lithium Brine Project’ in Nevada
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, Schlumberger Technology Corporation (NYSE: SLB) has begun the 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.
Jason Gigliotti, President of Sienna Resources Inc. stated, “We are pleased to be one of the few companies that have property within the only known lithium brine basin with production in North America. Saline brines are higher density than fresh or brackish water and therefore tend to sink. Based on this, management is optimistic regarding this project as we are located in the deeper sections of this basin. Sienna also currently has one of the smaller market caps of the public companies in the Clayton Valley. The lithium space has shown signs of explosive growth recently and shows little to no signs of slowing down. Lithium is one of the few sectors of the market that appeals to both the traditional resource investor and millennials, as Tesla has primarily created a global knowledge for lithium, therefore being a true crossover element.”
Access to Deepest Part of Basin
- An as early mover in this play, Sienna is one of only four companies (Albermarle, Pure Energy & Cruz Battery Metals Corp.) to have access to the deepest parts of the only lithium brine basin in production in North America.
- Sienna’s property is completed surrounded by Pure Minerals Ltd.’s property.
- Pure Energy’s strategic partner, Schlumberger (NYSE: SLB) is near completion on the initial steps to advance its option to test, develop and acquire the CV Project.
Nevada, USA
‘Blue Clay Lithium Project’ in Nevada
About The Project
Sienna Resource’s Blue Clay lithium project consists of 150 contiguous claims totalling approximately 3,100 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is currently home to the only producing lithium region in North America.
Announced in March 2022, Sienna’s maiden drill program has revealed a new lithium discovery on the 100-per-cent-owned Blue Clay lithium project in Clayton Valley, Nevada. Lithium values as high as 1,230 parts per million Li were encountered with 800 ppm Li over 120 feet, including 1,011 ppm Li over 40 feet.
Management is currently formulating a follow up phase II drill program.
On Tesla Battery Day, held on September 22, 2020, Tesla’s Elon Musk announced their intention to acquire Nevada lithium projects and their overwhelming need to secure domestic lithium deposits to feed their Gigafactory.
Nevada, USA
“Clayton Valley Silver Peak South Lithium Project” in Nevada
Sienna Resource’s recently acquired the Silver Peak South lithium project is located right in the heart of Clayton Valley, Nevada, which is currently home to the only producing lithium region in North America. The project consists of one contiguous block totaling approximately 1,812 acres prospective for lithium. Management plans to commence work on this project in 2023.
Jason Gigliotti, President of Sienna, states, “We are very pleased to enter into this agreement for this new lithium project. We are very focused on the Clayton Valley of Nevada as it is home to the only producing lithium deposit in North America and we are now one of the largest landholders in Clayton Valley. We expect to be very active in 2023 on these Clayton Valley lithium projects at a time when lithium demand and prices are near all time highs. 2023 is shaping up to be a very exciting time for Sienna and Sienna shareholders.”
On Tesla Battery Day, held on September 22, 2020, Tesla’s Elon Musk announced their intention to acquire Nevada lithium projects and their overwhelming need to secure domestic lithium deposits to feed their Gigafactory.
Ontario, Canada
‘Marathon North Platinum-Palladium Property’ in Ontario
The Marathon North Platinum-Palladium Property in Northern Ontario is directly bordering Generation Mining Ltd.’s (CSE: GENM) Marathon palladium project. This project makes 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.
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. Mr. Frank Bain, P.Geo., a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.
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2905 – 700 West Georgia Street
Vancouver, BC, V7Y 1C6
Mailing Address
P.O Box 10112
Pacific Centre
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P. (604) 646-6900