• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Sienna Resources Inc Hires Driller for Swedish Cobalt Prospect

    Hamza Ghaznavi
    Feb. 16, 2018 05:29AM PST
    Base Metals Investing
    Copper Investing

    Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) is pleased to announce that it has engaged Protek Norr AB of Sweden to drill Sienna’s Slättberg Cobalt-Nickel-Copper Project in Sweden. Drilling is expected to commence shortly.

    Sienna Resources Inc (TSXV:SIE) (FSE:A1XCQ0) (OTCBB:SNNAF) is pleased to announce that it has engaged Protek Norr AB of Sweden to drill Sienna’s Slättberg Cobalt-Nickel-Copper Project in Sweden.  Drilling is expected to commence shortly.

    Jason Gigliotti, President of Sienna states, “We are very optimistic about the Slättberg Cobalt-Nickel-Copper Project.  We are pleased to secure Protek as they have a strong local knowledge of the terrain and geology.  We anticipate the commencement of the drill program shortly.  Recently BMW announced they are looking to secure a long-term supply of battery metals such as lithium and cobalt, as it moves to secure raw materials for its push into electric vehicles over the next decade.  The world is moving electric and we want to position Sienna to be at the forefront of this battery metals revolution.”

    Earlier this week Sienna significantly increased its acreage on its Slättberg Cobalt-Nickel-Copper Project. The Slättberg Cobalt-Nickel-Copper Project now consists of 3 exploration licenses covering 12,733 acres and at least 16 historic mines, with 1 being the historic Mårtanberg copper mine, which was operated in the late 1700’s and early 1800’s. The Mårtanberg field is known for its copper-rich skarn-style mineralization. The underground workings extended to depths of 80-100 m, and little to no modern exploration has been conducted in the area.  We plan to bring modern techniques and views to this added acreage.

    On January 30, 2018 we announced that initial results have been received from the ongoing magnetic survey work on the Slättberg Cobalt-Nickel-Copper Project in Sweden. High resolution magnetic surveys in the area of historic nickel-copper-cobalt mines have defined multiple strong magnetic responses along the trends of mineralization. These areas of strong magnetic response are interpreted to represent steeply plunging bodies of massive sulfide mineralization that is rich in pyrrhotite. The magnetic data appears to confirm additional continuity of drill defined zones of mineralization known from the historic drilling. Along with the historic drill data, this new magnetic data is being used to define multiple high priority drill targets for the upcoming drill program.

    Slättberg’s massive sulfide mineralization is known to be strongly magnetic, owing to its high concentrations of pyrrhotite, a magnetic ferrous sulfide mineral associated with the Co-Ni-Cu mineralization. The new magnetic data is being used to potentially generate additional high priority drill targets on the project.

    About Sienna Resources Inc.:

    The Slättberg Cobalt-Nickel-Copper Project now consists of three adjacent exploration permits comprising approximately 12,733 contiguous acres.

    Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting cobalt-nickel-copper rich massive sulfide mineralization that occurs within a two kilometer belt of historic nickel-copper mines. The Project contains drill defined massive sulfide mineralization that extends to ~100 meters in depth, 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.

    Geophysics and target map

    To view Geophysics and target map, please visit:
    https://orders.newsfilecorp.com/files/854/32861_a1518748750498_61.jpg

    Mineralization at Slättberg is hosted by 1.8-1.9 Ga (Svecofennian) supracrustal rocks (metavolcanics and metasediments) 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 a similarly oriented body of “leptite”. This is a local term used to describe rhyolitic/felsic tuffaceous rocks commonly associated with sulfide mineralization in Bergslagen. Mafic and ultramafic rocks also occur in and around the mine workings.

    Sweden is at the forefront of an exploration and development boom in the mining industry. The country’s favorable business environment includes a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction. Sweden has a long history of mining, and is host to some of Europe’s largest active mines.

    The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.

    Sienna has recently launched its new corporate website and branding.  Please visit the site at www.siennaresources.com

    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:  1.604.646.6900
    Fax: 1.604.689.1733
    www.siennaresources.com
    info@siennaresources.com

    “Jason Gigliotti”
    President, Director
    Sienna Resources Inc.

    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.

    Click here to connect with Sienna Resources Inc (TSXV:SIE) (FSE:A1XCQ0) (OTCBB:SNNAF) and receive an Investors Presentation.

    Source: globenewswire.com

    copper mineseuropeelectric vehiclescopper investing
    The Conversation (0)
    Go Deeper
    AI Powered
    Magna Terra Minerals

    Magna Terra Discovers Copper Mineralization and Completes Airborne Geophysical Survey at the Humber Copper-Cobalt Project in Newfoundland

    Redstone Resources

    Redstone Resources

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Osisko Metals: Pure Potential

     
    OM:CA

    Los Andes Copper

     
    LA:CA

    Questcorp Mining

     
    QQQ:CC

    Cygnus Metals

     
    CYG:CC

    Redstone Resources

     
    RDS:AU

    Empire Metals

     
    EPMLF
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×