The Clayton Valley in Nevada is home to the only producing lithium brine deposit in North America.
Sienna Resources has exposure to the lithium market through its strategically located property in Clayton Valley, Nevada.
The Clayton Valley happens to be just miles away from Tesla Motors Inc.’s (Nasdaq: TSLA) Gigafactory outside of Reno, Nevada.
The Clayton Valley of Nevada is home to the only lithium brine basin in production in North America.
Albermarle (NYSE:ALB) has been in production in this basin since 1966.
About The Project
Sienna Resource’s Blue Clay lithium project consists of 150 contiguous claims totalling approximately 3,100 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.
Announced in March 2022, Sienna’s maiden drill program has revealed a new lithium discovery on the 100-per-cent-owned Blue Clay lithium project in Clayton Valley, Nevada. Lithium values as high as 1,230 parts per million Li were encountered with 800 ppm Li over 120 feet, including 1,011 ppm Li over 40 feet.
Jason Gigliotti, president of Sienna Resources, states: “We are very pleased to have made a new lithium discovery on the maiden drill program in the Clayton Valley of Nevada. Domestically sourced lithium is in massive demand, especially in light of recent global events. We couldn’t be more excited about this new discovery and are immediately planning the next phase of drilling to delineate the lithium held within the property. I was recently down on the property and am very optimistic about the short- and long-term future this project will have on the growth of Sienna Resources. When you factor in that lithium prices are at their all-time highs, management is very enthused about this new discovery.”
On Tesla Battery Day, held on September 22, 2020, Tesla’s Elon Musk announced their intention to acquire Nevada lithium projects and their overwhelming need to secure domestic lithium deposits to feed their Gigafactory.
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, P.Geo., a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.