The Conversation (0)
A recent article by Christopher Ecclestone highlighted Sienna Resources Inc (TSXV:SIE) (A1XCQ0-FSE) (HBNRF-OTCBB) and its flagship property, The Clayton Valley Deep Basin Lithium Brine Project.
A recent article by Christopher Ecclestone highlighted Sienna Resources Inc (TSXV:SIE) (A1XCQ0-FSE) (HBNRF-OTCBB) and its flagship property, The Clayton Valley Deep Basin Lithium Brine Project.
As quoted in the article:
Clayton Valley is located in Esmeralda County, Nevada, USA approximately 180 km north of Death Valley, CA. Clayton Valley is a closed basin with an area of 1,342 km2 and a playa surface of 72 km2. The basin lies in the eastern rain shadow of the Sierra Nevada and is arid with an annual average precipitation of 13 cm, average evaporation rates of 142 cm/yr and an average temperature of 13oC. The elevation of the valley floor is 1298 m, lower than any of the basins in the region.
As mentioned the Clayton Valley is home to the only lithium brine producing operation in North America (Albemarle’s Silver Peak Mine). Lithium X is also in the scrum and so is an entity called Cruz Capital Corp. Pure Energy Minerals, which owns the Clayton Valley South project, has recently released an inferred resource of 816,000 tons of lithium carbonate equivalent on the Clayton Valley South project. According to the Pure Energy’s website, “Geophysics shows that the same brine-bearing formations encountered during drilling appear to extend to much greater depths within the basin.”
In late May, Sienna announced that it had acquired what it termed the “Clayton Valley Deep Basin Lithium Brine Project”. This project is located directly between and bordering Pure Energy Minerals Limited and Lithium X Energy Corp. The “Clayton Valley Deep Basin Lithium Brine Project” is located in parts of the deepest sections of the valley. Sienna’s concession wraps around that of Pure Energy.
The company’s attitude is that as saline brines are higher density than fresh or brackish water they therefore tend to sink. Based on this, management is optimistic regarding this project as its concession is located in the deeper sections of this basin. Work so far on the territory is scanty but management plans to commence operations on this new project shortly.
Sienna look like they have managed to buy the ”last ticket to ride” on the Clayton Valley Express. As historical (and present) Lithium producing districts in North America go, this is the one to go for. Now it’s a case of getting down to some work on the concession and seeing if it can match or exceed what Pure Energy have managed to achieve here.
Connect with Sienna Resources Inc (TSXV:SIE) (A1XCQ0-FSE) (HBNRF-OTCBB) to receive an Investor Presentation.