viewSienna Resources

Sienna Resources pleased to kick off drilling at Slättberg cobalt-nickel-copper project

The first holes will target a zone intercepted in historic drilling near the Helenegruvan mine

Slättberg is a cobalt-nickel-copper project

Sienna Resources Inc (CVE:SIE) told investors it had started a multi-hole drill programme at its Slättberg cobalt-nickel-copper project in Sweden.

On Friday it said it had engaged Protek Norr AB of Sweden to do the work, which consists of between five and seven prioritized drill holes of 125-200 meters in length.

The first holes will target a zone of massive sulphide mineralisation intercepted in historic drilling (1970-era) near the Helenegruvan mine.

The second group of targets will focus on a strong anomaly identified by 2018 ground surveys near the Myrgruvans mine.

"We are very pleased to be commencing our first major drill program in many years," said Jason Gigliotti, the president of Sienna said.

"Our shareholders have been patient and we feel this project has great potential and we are looking forward to what the next few months will return.

"This phase of drilling will provide a strong start to build on the historic data. We are at the early stages of this project and look forward to bringing this project forward with modern approaches and views at a time when the battery metals sector is gaining significant traction globally."

Slattberg's massive sulphide mineralisation is known to be strongly magnetic, owing to its high concentrations of pyrrhotite, a mineral associated with Co-Ni-Cu (cobalt, nickel, copper) mineralisation.

Earlier this month, Sienna significantly increased its acreage  at the project, which now consists of three exploration licenses covering 12,733 acres and at least 16 historic mines, with one being the historic Martanberg copper mine, which was operated in the late 1700's and early 1800's.

Slattberg is located 25 kilometers northwest of Falun, Sweden.

Quick facts: Sienna Resources

Price: 0.075 CAD

Market: TSX-V
Market Cap: $7.92 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Davide Bosio previews hotly anticipated IPOs for Miramar Resources and Zebit

Davide Bosio from Shaw and Partners says it's been a terrific start to the listing process for Miramar Resources, a junior West Australia exploration company. ''We opened up the offer and closed literally on the same day raising $8mln''. Bosio adds that Zebit is still on track to list on the ASX...

1 day, 6 hours ago

2 min read