VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Sienna Resources (TSX.v:SIE) (FSE:A1XCQ0)
(OTCBB:SNNAF) is pleased to announce it received TSX Venture approval to go forward into an exploration and option agreement
(the “Agreement”) with EMX Royalty Corporation (NYSE American:EMX) (TSX.v:EMX) to acquire the Slättberg Cobalt-Nickel-Copper
Project in Sweden (the “Project”). The Project consists of two adjacent exploration permits comprising approximately 9513
contiguous acres.
Jason Gigliotti president of Sienna states, “We are very pleased to receive approval for this exciting
cobalt-nickel-copper prospect. Cobalt prices have just crossed fresh nine year highs as of yesterday, and we look forward to
advancing this prospect. There are 12 historic mines on this property and with modern mining approaches, we are very
optimistic about what this project could contain. We expect to be drilling early 2018 as the project is drill ready now.”
Northvolt is planning to be the largest battery factory in Europe at roughly the same size as Tesla’s
Gigafactory. Jason Gigliotti states “Northvolt wants to locally source as much battery material as possible such as cobalt and
nickel. There are now more than 20 mega battery factories currently being planned or constructed globally, creating a massive
demand on the battery metals such as lithium, cobalt and nickel. Sienna is focused on exploring and developing projects that will
meet this insatiable demand.”
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 12 historic mines are located on the property, with historic operations dating back to the late
1800’s.
To view Geophysics and target map, please visit:
http://orders.newsfilecorp.com/files/854/31135_a1512691915373_40.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.
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.