Drill Program has now Commenced on Sienna’s Flagship PGE-Ni-Cu Slättberg Project in Sweden
01 June 2020 - 5:01PM
Sienna Resources Inc. (SIE—TSX.v) (A1XCQ0–FSE)
(SNNAF—OTCBB) (June 1, 2020) (the
“
Company”) wishes to announce that the drill
program on its flagship PGE-Ni-Cu Slättberg project has commenced.
The PGE-Ni-Cu enriched mineralization at Slättberg remains open at
depth and along strike. 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. The current drill program (1000m) will test the
continuation of the PGE-Ni-Cu massive sulfide mineralization in the
western part with 2 to 3 drill holes (figure 1). Another drill hole
will follow-up the highly interesting results of SIE-19-002
together with a strong down-hole EM response west of SIE-18-003.
To view an enhanced version of this graphic,
please visit:
https://orders.newsfilecorp.com/files/854/56949_ea476a3074a15841_002full.jpg
Figure 1: Long section looking towards NNW for
the western area of the Slättberg mineralization including target
areas for current drill program. True thickness estimated to be
55-65% of reported interval
Jason Gigliotti, President of Sienna Resources
Inc. states, “We are pleased to start this much anticipated drill
program. We have gained significant knowledge of the property and
have methodically progressed to this stage of drilling. We
have the highest priority drill targets now set and we are
optimistic how this drill program will turn out. When we drilled in
the fall of 2019, we had a weak and declining market whereas this
time around the market is significantly more buoyant and trending
positive at a time of historically high commodity prices. Not only
are we drilling here in Sweden we have just acquired the Kuusamo
PGE-Ni-Cu-Co Project in Finland and are formulating plans for
initial work programs to commence. We are partnered with EMX
Royalty Corporation (EMX-NYSE) on these two projects.”
Slättberg is located 25 kilometers northwest of
Falun, Sweden. Slättberg is a historic mining camp hosting cobalt
and PGE enriched nickel-copper sulfide mineralization that occurs
along a two kilometer belt of historic nickel-copper mines. The
Project contains drill defined zones of massive sulfide
mineralization that extends to ~100 meters in depth (also the
approximate depth of historic mining in the area), and remains open
for expansion at depth and along strike. The Project is
accessible year round, with nearby rail, power and 5 smelters in
the Nordic region. At least 16 historic mines are located on the
property, with historic operations dating back to the late
1800’s.
Sienna conducted two drilling campaigns at
Slättberg in 2018 and 2019 totaling 9 drill holes (1319m). Multiple
drill holes intersected sulfide mineralization in the western part
of the trend (figure 1), often present as massive sulfide veins and
in breccias, associated with, an unusually thick swarm of mafic
dikes. Textures in the sulfide intervals are suggestive of tectonic
remobilization of sulfides along structures from a nearby source.
SIE-19-002, targeting the central part of the mineralization trend,
intersected a PGE rich vein (0.55m from 88.0 m to 88.55 m,
averaging 0.22% Ni, 1.79% Cu, 4.05 g/t Pt and 0.095 g/t Pd. This
represents one of the highest values ever reported from the
property, demonstrating the strong PGE potential for the Project as
well.
A key observation from the 2018 and 2019
drilling is that the thicknesses of dikes in the dike swarm and
zones of sulfide veins and breccias increase with depth in the
drill holes. Further, the textures seen in the zones of
mineralization indicate remobilization of sulfides from a nearby,
as of yet undiscovered source (or sources). These fundamental
observations are driving the continued push to drill deeper and
further along strike in the system, especially on the western end
of the trend, where indications are strongest.
Geology of the Slättberg project:
Mineralization at Slättberg is hosted by 1.8-1.9
Ga (Svecofennian) supracrustal rocks (granitoids, meta-volcanics
and meta-sediments) located along the southwestern flank of a large
gabbroic intrusive complex. The historic mines are positioned along
an east-west trend of massive sulfide occurrences developed in and
around medium-coarse-grained granites as well as interlayers of
fine-grained rhyolitic/felsic tuffaceous rocks commonly associated
with sulfide mineralization in Bergslagen. Multiple mafic dikes of
variable thickness and ultramafic rocks also occur in and around
the massive sulfide mineralization.
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 email info@siennaresources.com for information or join
our twitter account at @SiennaResources.
Contact Information Tel:
1.604.646.6900Fax:
1.604.689.1733www.siennaresources.cominfo@siennaresources.com
“Jason Gigliotti”President, DirectorSienna
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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