October 20, 2022 Sienna Resources Inc. (“Sienna” or the “Company”) (SIE—TSX.v, SNNAF—USA, A1XCQ0–Germany) wishes to announce that going forward the company will focus on the lithium projects in Nevada. Lithium prices have continued to show incredible strength all year and are currently at all-time highs today.
On March 25, 2022, Sienna revealed a new lithium discovery on the 100% owned Blue Clay Lithium Project in Clayton Valley, Nevada (See map below). Lithium values as high as 1,230 ppm Li were encountered. The Blue Clay Lithium Project consists of 150 contiguous claims totaling approximately 2,950 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is currently home to the only producing lithium region in North America.
Jason Gigliotti, President of Sienna Resources, states: “We have made the decision to focus primarily on the lithium projects in Nevada. Management feels that these projects represent the best option for growth going forward and with no other obligations on other projects, the company is far more razor focused on the highest priority projects. Lithium prices are at all-time highs so management feels that this is the best path forward for our shareholders. We are excited about the near and long term future of Sienna in regards to the lithium focus.”
Clayton Valley Map
Sienna has not exercised any of the option agreements with EMX Royalty Corporation and no longer has the projects or any financial obligations regarding the projects.
About Sienna Resources Inc.
Sienna Resources is focused on exploring for and developing high-grade battery metals deposits in politically stable, environmentally responsible and ethical mining jurisdictions. Sienna’s projects include the Marathon North platinum-palladium property in Northern Ontario directly bordering Generation Mining Ltd.’s 7.1-million-ounce palladium-equivalent Marathon deposit. Sienna also has the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nev., home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp.’s Silver Peak deposit and Tesla Motors Inc.’s Gigafactory and the recently acquired Blue Clay Lithium Project in Clayton Valley Nevada where the Company has made an initial lithium discovery. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the company’s properties.
Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.
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Sienna Resources Inc.
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