Increases Acreage by Over 200% In Finland
Sienna Resources Inc. (TSXV: SIE) has significantly increased the acreage on its Kuusamo PGE-Cu-Ni Project, directly bordering Palladium One Mining located in the Koillismaa Layered Igneous Complex (KLIC) in north-central Finland.
President, Jason Gigliotti, said the KLIC is part of a suite of Paleoproterozoic continental rift-related intrusions which are highly prospective for PGE-Cu-Ni deposits such as the nearby Suhanko (Arctic Platinum Oy) deposit located about 100 km northwest of the Project.
“We are very pleased to have significantly increased our acreage that is bordering and surrounding Palladium One Mining,” Mr Gigliotti said.
“This new acreage now gives Sienna approximately 190,000 acres in the highly prospective Koillismaa Layered Igneous Complex (KLIC) in North-Central Finland. This makes Sienna one of the largest land holders in this region.
“Sienna has just completed initial work that uncovered that the basal contact encountered is 23 km long and is the primary target for this project, showing similar characteristics and geological orientation as the bordering project of Palladium One.
“We have had initial positive indications to date on this project and adding this large new land package, contiguous to our exciting prospects, enables Sienna to potentially identify more high priority drill targets at a time when platinum prices are at six-year highs.
“We are planning to be very active in Finland and Norway in the coming weeks and we continue to evaluate the Clayton Valley Deep Basin Lithium Project in Nevada as the global demand for lithium is exploding exponentially due to the Electric Vehicle demand. Management is very enthused about the upcoming year for Sienna.”
Suhanko hosts SAMREC Code Compliant Measured and Indicated resources of 5.4 million ounces of palladium grading 1.44 g/t Pd and 1.3 million ounces of platinum grading 0.35 g/t Pt at a cut-off of 1.0 g/t Pt+Pd+Au, as well as Inferred Resources of 4.4 million ounces of palladium grading 1.50 g/t Pd and 1.1 million ounces of platinum grading 0.38 g/t Pt.
Sienna believes the highly prospective Kuusamo Project has the potential to host similar styles of basal PGE-Cu-Ni mineralisation (Contact-Type) found at the LK Project and associated with the basal contact of the Syöte Block. Historical mapping and diamond drilling at Kuusamo has outlined an approximately 23 km long basal contact horizon along within the Syöte Block which is prospective for Contact-Type PGE-Cu-Ni sulphide mineralisation.
The company recently completed orientation soil surveys (total of four sections) over the interpreted contact region of the Syöte and Pirivaara blocks. The soil samples, which targeted the B-horizon in the soil profile, were analysed using partial leach methods to identify mobile metals interpreted to be derived from local sulphide-rich source rocks.
In three of the four test sections, the targeted geologic horizon (contact region) showed anomalies in a combination of vector elements including palladium, copper, nickel, and gold. Background concentrations for the vector elements were established at 0.09 ppb Pd, 400 ppb Cu, 70 ppb Ni, and 0.05 ppb Au. The lower limit of detection (“LLD”) for these elements are 0.05 ppb Pd, 1 ppb Cu, 1 ppb Ni, and 0.02 ppb Au.
Sienna said results from the orientation soil sampling program reflect a highly encouraging “proof of concept” for this rapid and inexpensive sampling technique, and provides the confidence for this technique to be used to screen larger target areas within the Project, in a highly cost-effective manner.
The most encouraging aspect of the sampling programme were the particularly strong anomalies seen in the southernmost sampling lines in the Pirivaara Block.
