RETRANSMISSION: Sienna Acquires the "Stonesthrow Gold Project" Bordering Ramp Metals Inc in Saskatchewan

Rhea-AI Summary

Sienna Resources has acquired the 'Stonesthrow Gold Project' in Saskatchewan, covering 13,300 acres prospective for gold. This project adjoins Ramp Metals, which recently announced significant gold and silver mineralization. Sienna's President, Jason Gigliotti, highlighted the region's mining-friendly environment and expressed optimism about the project. Additionally, Sienna acquired the Case Lake West Cesium and Spodumene Pegmatite Project in Ontario, covering 2,200 acres near Power Metals' cesium discovery. Other recent acquisitions include uranium and lithium projects in Saskatchewan and Nevada, respectively. Sienna emphasizes that nearby discoveries do not guarantee mineralization on its properties.

Positive

• Acquired 13,300-acre Stonesthrow Gold Project in a mining-friendly jurisdiction with significant neighboring gold discoveries.
• Recent acquisition of 2,200-acre Case Lake West Cesium and Spodumene Pegmatite Project near a major cesium discovery.
• Expansion in strategic mineral sectors, including uranium projects in Saskatchewan and lithium projects in Nevada.

Negative

• Potential risks as past discoveries on neighboring properties may not indicate mineralization on Sienna's newly acquired lands.

Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: HRJ1) ("Sienna" or the "Company") wishes to announce the acquisition of the new "Stonesthrow Gold Project" in Saskatchewan. This new project consists of approximately 13,300 contiguous acres prospective for gold. This new project directly borders Ramp Metals Inc who just announced (June 17, 2024) 'multiple zones of gold mineralization, including 73.55 grams per tonne gold (Au) and 19.50 grams per tonne silver (Ag).' Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties.

Jason Gigliotti, President of Sienna states, "We are building up our assets in Saskatchewan, one of the most mining friendly jurisdictions in the world. This new gold project directly borders Ramp Metals Inc who just announced a significant gold discovery right beside Sienna's new property. Their shares have gone from $.145 to a high of .86 this week alone on this new gold discovery. This is shaping up to one of the most exciting new gold discoveries in Saskatchewan this year. Sienna management is very optimistic about this area and looks forward to commencing operations as soon as possible."

Recently, (May 23, 2024) Sienna acquired Case Lake West Cesium and Spodumene Pegmatite Project In the Larder Lake Mining division of Ontario, Canada, roughly 100 km north of Kirkland Lake, NE Ontario. This project consists of approximately 2,200 contiguous acres prospective for Cesium and Spodumene Pegmatites directly bordering Power Metals Corp's Case Lake cesium and pegmatite swarm discovery. On May 22, 2024 Power Metals announced "WORLD-CLASS CESIUM RESULTS UP TO 18.13% AT CASE LAKE." This was very exciting news regarding this growing cesium district. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties.

Case Lake West Cesium and Spodumene Pegmatite Project

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About Sienna Resources Inc.

Sienna has acquired the "Stonesthrow Gold Project", consisting of approximately 13,300 contiguous acres prospective for gold. Sienna has also recently acquired the "Case Lake West Cesium and Spodumene Pegmatite Project" in Larder Lake Mining division of Ontario, Canada roughly 100 km north of Kirkland Lake, NE Ontario. This project consists of approximately 2,200 contiguous acres prospective for Cesium and Spodumene Pegmatites. Sienna has also just acquired the 10,357 acre "Uranium Town Project" bordering Denison Mines Corporation, the 10,845 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation and the 55,440 acre "Atomic Uranium Project" in the world renowned Athabasca Basin of Saskatchewan. Also, Sienna recently expanded the "Elko Lithium Project" in Elko County, Nevada. This project consists of approximately 1840 contiguous acres directly bordering Surge Battery Metals'  "Nevada North Lithium Project" in Elko County, Nevada who announced the highest grade lithium deposit in the USA. Sienna is also one of the larger landholders in Clayton Valley Nevada. Sienna's Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium production in North America, being Albemarle Corp's Silver Peak deposit. This project is also near Tesla Motors Inc.'s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in a strategic partnership with Pure Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Results from this pilot plant are expected in 2024 and could have a significant impact on the brine prospects within Clayton Valley Nevada as Sienna is located in the deepest section of this brine deposit.

This project was acquired via staking.

Qualified Person:
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.

If you would like to be added to Sienna's email list, please email info@siennaresources.com for information or join our twitter account at @SiennaResources.

Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com

"Jason Gigliotti"
President, Director
Sienna Resources Inc.

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company's ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company's projects, as well as other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213667

FAQ

What is the Stonesthrow Gold Project acquired by Sienna Resources?

The Stonesthrow Gold Project is a 13,300-acre property in Saskatchewan acquired by Sienna Resources, prospective for gold.

When did Sienna Resources acquire the Stonesthrow Gold Project?

Sienna Resources announced the acquisition of the Stonesthrow Gold Project on June 20, 2024.

What recent acquisitions has Sienna Resources made besides the Stonesthrow Gold Project?

Sienna Resources recently acquired the Case Lake West Cesium and Spodumene Pegmatite Project, uranium projects in Saskatchewan, and lithium projects in Nevada.

What is the significance of the location of the Stonesthrow Gold Project?

The Stonesthrow Gold Project borders Ramp Metals, which recently announced substantial gold and silver mineralization.

What potential risks does Sienna Resources face with its new acquisitions?

Sienna Resources notes that previous discoveries on neighboring properties may not guarantee mineralization on its newly acquired lands.