Sienna Resources Intersects Significant Platinum/Palladium on its Slättberg Project in Sweden
20 November 2019 - 7:03PM
Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) conducted
a two-hole drill program in October at its Slättberg project in
southern Sweden. This program targeted two electromagnetic (“EM”)
anomalies detected by downhole surveys performed at the end of the
2018 drill program. One was detected in the vicinity of drill hole
SIE-18-006 located at the west end of the trend of historic nickel
mines, and one in the vicinity of drill hole SIE-18-003, near the
center of the trend of mineralization (see Fig. 1).
Drill hole SIE-19-002 was drilled to test a
strong EM response to the west of drill hole SIE-18-003 in the
center of the trend of mineralization. Drill hole SIE-19-002
intersected a PGE rich vein 0.55 meters wide (from 88.0 m to 88.55
m), averaging 0.22% Ni, 1.79% Cu, and 4.15 ppm (4.15 g/t) PGE (4.05
g/t Pt vs 0.095 g/t Pd). Taking recent metal prices and
assuming 100 percent recovery the hole returned 4.66g/t PdEq,
9.03g/t PtEq, 4.44% CuEq, and 1.72% NiEq. The unusual enrichment of
PGE in this vein is notable and represents one of the highest
values ever reported from the property. PGE contents seen in
Sienna’s 2019 drill holes demonstrate strong PGE potential on the
project. Drill hole SIE-19-002 also intersected unmapped mine
workings at a depth of 70 meters. This demonstrates that nickel
mineralization was mined at a larger scale than was indicated by
historic records.
Jason Gigliotti, President of Sienna stated, “We
are very pleased with the results of this drill program. The
PGE numbers encountered were a very positive surprise and show that
the system is more diverse than originally thought. These are some
of the highest grades for PGE in the region. We also went through a
previously unknown mined-out section. This indicates that the
systems are potentially deeper as the mined-out section was near
the limits of the known mining depths during the time that this
area saw its mining production. We are now immediately formulating
a plan for the next phase of work on this project.”
Drill hole SIE-19-001 was drilled to test the
western anomaly. Several zones of sulfide mineralization were
intercepted in the hole over a 28 meter interval from depths of 167
to 195 meters. This represents the broadest zone of sulfide
mineralization ever intersected on the property. Sulfide
mineralization was present as massive sulfide veins and in
breccias, and is associated with, an unusually thick swarm of mafic
dikes. The best intercept from within the zone of sulfide
mineralization was 5.0 meters (from 167.75 m to 172.75 m) averaging
0.57% Ni, 0.47% Cu, 0.06% Co, and 0.48 ppm PGE*, or just over 1% Ni
equivalent using current metal prices.
Textures in the sulfide intervals are suggestive
of tectonic remobilization of sulfides from a nearby source.
Multiple thick mafic dikes were also intercepted in SIE-19-001,
which are not seen in surface exposures, nor in the shallow drill
holes elsewhere in this area. The abundance of sulfide, higher PGE
values, and a swarm of mafic dikes suggest that Sienna is moving
closer to a source area for the sulfide mineralization and
associated mafic intrusions as it drills to progressively deeper
levels in the western target area.
To see Figure 1 - Sweden Slättberg Project,
please visit:
https://orders.newsfilecorp.com/files/854/49907_897b413e5413ea1d_002full.jpg
*True thickness estimated to be 55-65% of reported interval ᵻ
True thickness estimated to be 25-40% of reported interval
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 visit our website, email info@siennaresources.com
for information or join our twitter account at
@SiennaResources.
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com
“Jason Gigliotti”
President, Director
Sienna Resources Inc.
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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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