Drilling to commence on flagship Slättberg nickel-copper-cobalt Project
Sienna Resources of Vancouver have announced their multi-hole drill program on their nickel, copper and cobalt Slättberg project will shortly be getting underway. Their 2018 drill program, coupled with downhole electro-magnetic surveys and other sampling and geophysics work has given them a number of high priority drill targets to pursue.
Sienna, who also have a lithium brine project in Nevada, stated that this drill program is entirely funded by cash on hand.
The President of Sienna, Jason Giglotti said that despite the success of the 2018 drill program, they required further target definition which was provided by the EM surveys and sampling. “We look forward to a very active 2019 as we still have cash reserves to cover the planned drill program.”
Sienna have stressed the environmental and political credentials of their projects. Their stated mission is to focus on high-grade energy metal deposits in ‘politically stable, environmentally responsible and ethical mining jurisdiction.” Sweden certainly ticks those boxes, with a favorable business environment including a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction.
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 16 historic mines are located on the property, with historic operations dating back to the late 1800’s.
Background on the Slättberg project
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.
Find out more from Sienna Resources at https://siennaresources.com