Sienna Resources Inc. Increases Size of "Elko Lithium Project" in Elko County, Nevada
Sienna Resources Inc. Increases Size of "Elko
Lithium Project" in Elko County, Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2024) - Sienna Resources Inc.
(TSXV: SIE)
(OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that it has
increased its acreage for a total of 1,839 contiguous acres on its "Elko Lithium Project" in Elko County,
Nevada.
This project is directly bordering Surge Battery Metals' (NILI) "Nevada North Lithium Project" in
Elko County, Nevada.
According to the news dated September 12, 2023 from Surge, "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 Nevada North Lithium Project."
Sienna management cautions that past results or discoveries on properties in proximity to Sienna may
not necessarily be indicative of the presence of mineralization on the company's properties. The
Company also wishes to announce an update regarding the first phase of drilling in Nevada.
The initial
drill program was moved forward quickly in hopes to beat the weather.
This part of Nevada is difficult to
work in during the winter and the location was chosen primarily due to ease of location for equipment
access. The drill was planning to reach 1,000 feet as the location was a little higher up topographically
than the formation in the valley below.
The hole was only able to get to 450 feet due to weather, therefore
it didn't test the full depth of the planned hole during this phase.
The assays from the one hole drilled did
not return economic grades of lithium.
A follow up plan is being formulate now with this new data in hand.
Jason Gigliotti, President of Sienna, states, "With the spring and summer work season upcoming, we
are formulating plans to expand the work program on this project and have sufficient cash on hand to do
this.
We are also expecting to be active in Clayton Valley as well."
About Sienna Resources Inc.
Sienna has recently acquired the "Elko Lithium Project" in Elko County, Nevada.
This project consists of
approximately 1200 contiguous acres directly bordering Surge Battery Metals' (NILI)
"Nevada North
Lithium Project" in Elko County, Nevada.
Sienna is also one of the larger landholders in Clayton Valley
Nevada. Sienna's Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South
Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium
production in North America, being Albemarle Corp's Silver Peak deposit.
This project is also near
Tesla Motors Inc.'s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture
announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in
a strategic partnership with Pure Energy. The deployment of the pilot plant will be in Clayton Valley,
Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction
(DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the
production time from over a year to weeks. Results from this pilot plant are expected in 2023 and could
have a significant impact on the brine prospects within Clayton Valley Nevada as Sienna is located in
the deepest section of this brine deposit. One other project Sienna has is the 'Marathon North Platinum-
Palladium Property' in Northern Ontario directly bordering Generation Mining Marathon Deposit.
Qualified Person:
Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and
approved the scientific and technical disclosure contained within this news release.
If you would like to be added to Sienna's email list, please email
for
information or join our twitter account at
@SiennaResources
.
Contact Information
Tel:
1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
"Jason Gigliotti"
President, Director
Sienna Resources Inc.
Statements in this news release that are not historical facts are forward-looking statements.
Forward-
looking statements are statements that are not historical, and consist primarily of projections -
statements regarding future plans, expectations and developments.
Words such as "expects",
"intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of
similar import tend to identify forward-looking statements.
Forward-looking statements in this news
release include uncertainty of exploration and development plans regarding the property; commodity
price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the
state of the capital markets; uncertainty in the measurement of mineral reserves and resource
estimates; the Company's ability to attract and retain qualified personnel and management; potential
labour unrest; reclamation and closure requirements for mineral properties and the availability of
capital to fund the Company's projects, as well as other risks and uncertainties identified under the
heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR.
You are
cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been
used.
The Company cannot assure you that actual events, performance or results will be consistent
with these forward-looking statements, and management's assumptions may prove to be incorrect.
These forward-looking statements reflect current expectations regarding future events and operating
performance and speak only as of the date hereof and the Company does not assume any obligation
to update forward-looking statements if circumstances or management's beliefs, expectations or
opinions should change other than as required by applicable law. For the reasons set forth above, you
should not place undue reliance on forward-looking statements.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/193849