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Sienna Resources Acquires Stonesthrow Gold Project Near Ramp Metals in Saskatchewan: What Investors Need to Know

kent-jackson by kent-jackson
June 19, 2024
in News
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Sienna Resources Acquires Stonesthrow Gold Project Near Ramp Metals in Saskatchewan: What Investors Need to Know
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Vancouver, British Columbia–(Newsfile Corp. – June 19, 2024) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) (“Sienna” or the “Company”) is pleased to announce the acquisition of the new “Stonesthrow Gold Project” in Saskatchewan, comprising approximately 13,300 contiguous acres with gold prospectivity. This project is strategically located adjacent to Ramp Metals Inc (RAMP), which recently reported significant gold mineralization in multiple zones, including high-grade values of 73.55 grams per tonne gold (Au) and 19.50 grams per tonne silver (Ag) on June 17, 2024. It is essential to note that results from neighboring properties may not guarantee similar findings on Sienna’s properties.

Insights on the Stonesthrow Gold Project

Sienna’s expansion into Saskatchewan, known for its friendly mining environment, positions the company at the forefront of the exciting gold discoveries in the region. With Ramp Metals’ recent success, Sienna’s management is optimistic about the potential of the Stonesthrow Gold Project and is eager to kickstart operations.

Regarding another recent acquisition, on May 23, 2024, Sienna purchased the Case Lake West Cesium and Spodumene Pegmatite Project located in the Larder Lake Mining division of Ontario, Canada. This project spans approximately 2,200 contiguous acres and is prospective for Cesium and Spodumene Pegmatites, situated right next to Power Metals Corp’s (PWM) Case Lake cesium and pegmatite discovery. Power Metals’ announcement of world-class cesium results up to 18.13% on May 22, 2024, added further excitement to this emerging cesium district.

Insights on the Case Lake West Cesium and Spodumene Pegmatite Project

The proximity of Sienna’s Case Lake West Project to Power Metals’ promising cesium and pegmatite find underscores the growing potential of the area. Sienna’s cautionary note on the predictability of mineralization based on neighboring results highlights the importance of diligent exploration efforts on their own properties.

Case Lake West Cesium and Spodumene Pegmatite Project

Insights on Sienna’s Diversified Portfolio

Sienna Resources Inc. has strategically expanded its portfolio to include multiple projects with diverse mineral prospects. Ranging from gold in Saskatchewan to cesium and spodumene in Ontario, the company’s recent acquisitions demonstrate a commitment to tapping into promising mineral reserves across various regions. Sienna’s presence in lithium-rich areas like Nevada and uranium-rich territories like Saskatchewan further showcases its positioning in key mining districts, aligning with the industry’s demand for these critical minerals.

The acquisition of the “Stonesthrow Gold Project” and the “Case Lake West Cesium and Spodumene Pegmatite Project” reflects Sienna’s proactive approach to identifying and securing valuable mineral assets in promising geological settings.

Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure provided in this news release.

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