- Sienna Resources (SIE) has increased the size of its Kuusamo PGE-Cu-Ni project
- The company now has 189,181 acres on the project in north-central Finland
- Sienna recently completed orientation soil surveys in the area
- Plans for continued exploration of the project include broader sampling programs using the same techniques
- Sienna Resources is up 11.54 per cent on the day, with shares trading at C$0.14 10:32 a.m. EST
Sienna Resources (SIE) has increased the size of its Kuusamo PGE-Cu-Ni Project.
The company now has 189,181 acres on the project in North-Central Finland, an increase of over 200 per cent.
The property directly borders the Palladium One mine located in the Koillismaa Layered Igneous Complex.
The KLIC is part of a suite of Paleoproterozoic continental rift-related intrusions which are highly prospective for PGE-Cu-Ni deposits.
“We are very pleased to have significantly increased our acreage that is bordering and surrounding Palladium One Mining. 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 kilometres 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 6-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,” said Sienna Resources President Jason Gigliotti.
Sienna recently completed orientation soil surveys in the area.
In three of the four test sections, the targeted geologic horizon showed anomalies in a combination of vector elements including palladium, copper, nickel, and gold.
Plans for continued exploration on the Kuusamo project include broader sampling programs using the same soil sampling techniques.
Sienna Resources is up 11.54 per cent on the day, with shares trading at C$0.14 at 10:32 a.m. EST.
