Sienna Sources Inc. Sienna needs to announce that work has now commenced on our Marathon North Platinum-Palladium Property in Northern Ontario, straight bordering Technology Mining Ltd.’s Marathon palladium mission. Sienna is without doubt one of the largest landholders inside the Coldwell complicated, which is the most important alkaline complicated in North America and hosts the Marathon platinum-palladium deposit. Based on Technology …
Sienna Resources Inc. (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF) (the “Firm”) Sienna needs to announce that work has now commenced on our Marathon North Platinum-Palladium Property in Northern Ontario, straight bordering Technology Mining Ltd.’s Marathon palladium mission. Sienna is without doubt one of the largest landholders inside the Coldwell complicated, which is the most important alkaline complicated in North America and hosts the Marathon platinum-palladium deposit. Based on Technology Mining’s web site, the Marathon deposit is without doubt one of the largest undeveloped platinum group metallic mineral assets in North America, internet hosting a number of PGM-Cu (platinum-group-metal-copper) deposits, together with the 7.1-million-ounce palladium-equivalent Marathon deposit. On Jan. 6, 2020, Technology Mining launched a preliminary financial evaluation (PEA) giving Marathon an after-tax internet current worth (NPV) of $871-million. Administration cautions that previous outcomes or discoveries on properties in proximity to Sienna could not essentially be indicative to the presence of mineralization on the Firm’s properties.
Sienna Marathon North Platinum-Palladium Property
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Jason Gigliotti states, “We’re more than happy to start the maiden work program on our Marathon North Platinum-Palladium Property in Ontario. This prospect lies inside the Coldwell Advanced, which is in probably the most recognizable addresses for Platinum and Palladium, and we’re optimistic about what shall be uncovered within the coming weeks. Not solely can we plan to be lively on the Marathon North mission, we’re additionally very lively in Scandinavia on our platinum-palladium mission in Finland that straight borders and shares the Koillismaa Advanced on this area with Palladium One Mining Inc. and on our Norway gold mission, making the rest of 2020 a really lively interval for Sienna. We’re totally financed for all of our deliberate work packages in 2020 and sit up for what we uncover from having boots on the bottom in at the very least 3 international locations. Not solely do we now have these initiatives ongoing, we’re conserving a really shut eye on our Clayton Valley Lithium mission as there’s a super quantity of recent exercise centered there particularly since Elon Musk got here out on the latest Tesla Battery Day, Sept 22, 2020 and said his want to accumulate lithium initiatives in Nevada. As you’ll be able to see there are a number of upcoming catalysts for Sienna proper now that can give shareholders and the Firm the chance for potential success within the close to and long run.”
The technical contents of this launch had been authorized by Greg Thomson, PGeo, a certified particular person as outlined by Nationwide Instrument 43-101.
About Sienna Resources
Sienna Resources Inc. is concentrated on exploring for and growing high-grade deposits in politically secure, environmentally accountable and moral mining jurisdictions. Sienna is partnered with an NYSE listed mining firm on three separate initiatives in Scandinavia together with the past-producing Bleka & Vekselmyr Orogenic Gold Tasks in Southern Norway that are each greenstone-hosted gold techniques, the Kuusamo platinum group components (PGE) mission in Finland straight bordering the LK Mission being superior by Palladium One Mining Inc., and the Platinum-Palladium-Nickel Slättberg Mission in Southern Sweden. In North America, Sienna’s initiatives embody the Marathon North Platinum-Palladium Property in Northern Ontario straight bordering Technology Mining Ltd.’s 7.1-million-ounce palladium-equivalent Marathon Deposit. Sienna additionally has the Clayton Valley Deep Basin Lithium Mission in Clayton Valley, Nevada, dwelling to the one lithium brine basin in manufacturing in North America, within the direct neighborhood of Albemarle Corp’s Silver Peak deposit and Tesla Motors Inc.’s Gigafactory. Administration cautions that previous outcomes or discoveries on properties in proximity to Sienna could not essentially be indicative to the presence of mineralization on the Firm’s properties.
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