Sienna to start drilling on nickel-cobalt-copper project in Sweden
By Akshay Kedari  Date: 2019-07-22

Sienna to start drilling on nickel-cobalt-copper project in Sweden
  • Novel high-priority drilling targets were introduced in 2018 following electromagnetic surveys and geophysical work & sampling
  • The project work is scheduled to begin in August 2019.

Sienna Resources Inc., (Sienna), a dedicated Vancouver-based high-grade energy metal deposit exploration company, has reportedly announced the launch of a multi-hole drilling program on its flagship cobalt, copper and nickel Slättberg Project in Sweden.

Reports cite, novel high-priority drilling targets were introduced in 2018 following electromagnetic surveys and geophysical work & sampling from the 2018 Slättberg drill program.

Slättberg, which lies 25 km northwest to the city of Falun, Sweden is an old mining hub that hosts massive nickel-cobalt-copper rich sulfide mineralization, which occurs within two kilometer range of copper-nickel mines. This project has drill-defined sulfide mineralization extending up to 100 meters in terms of depth, and remains intact for extension at depth as well as along strike.

The mineralization at the Slättberg Project is hosted by Supracrustal rocks (metasediments and metavolcanics), 1.8 and 1.9 Ga (Svecofennian), which is found on southwestern flank of a big gabbroic-intrusive complex. These historic mines are located alongside the east-west trend of large sulfide occurrences developed within and around a body of ‘leptite’, felsic/rhyolitic tuffaceous rocks typically associated to sulfide mineralization in Bergslagen.

The President of Sienna Resources, Jason Gigliotti stated that the company is thrilled to be back-drilling on its project. Nickel prices were seen increasing and junior mining is gaining popularity. Gigliotti further added that the outcome of 2018 drill program was encouraging, however, it required further target definition. New sampling has provided new drill targets, which the company plans to test in the summer of 2019.

Reports cite, Sweden finds itself at the forefront of the mining industry’s development and exploration boom. Sweden has an active geological survey, greater public support and a lower corporate income tax rates for export-oriented resource extractions. Project work is expected to start by August of 2019.

Source Credit: https://www.globenewswire.com/news-release/2019/07/22/1885505/0/en/Sienna-Resources-Scheduled-to-Commence-Drilling-on-Flagship-Sl%C3%A4ttberg-Nickel-Copper-Cobalt-Project-in-Sweden-in-August.html

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

FMCG firms resort to marginal hike to cope with raw material inflation
FMCG firms resort to marginal hike to cope with raw material inflation
By Akshay Kedari

The recent inflation in raw materials has reportedly prompted players in the FMCG sector to take price hike measures for their products, in a bid to maintain the revenues. According to reliable sources, some FMCG companies, including Marico, have al...

boAt raises USD 100 million in funding from Warburg Pincus
boAt raises USD 100 million in funding from Warburg Pincus
By Akshay Kedari

Indian consumer electronics brand, boAt, has reportedly secured funding of USD 100 million from Warburg Pincus, a New-York-based private equity firm, at a USD 300 million valuation. The company will utilize these funds to expand its product portfoli...

Elevar Therapeutics and Inceptua partner to commercialize Apealea®
Elevar Therapeutics and Inceptua partner to commercialize Apealea®
By Akshay Kedari

According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its non-cremophor based paclitaxel tre...

NASA completes construction of ‘LC-48’ at Kennedy Space Center
NASA completes construction of ‘LC-48’ at Kennedy Space Center
By Akshay Kedari

The National Aeronautics and Space Administration (NASA) has reportedly announced the completion of the construction of its new launchpad at the Kennedy Space Center based in Florida. Notably, the new Launch Complex 48 or LC-48 is a pad that will be ...

How are energy storage applications driving conductive polymers demand?
How are energy storage applications driving conductive polymers demand?
By Akshay Kedari

With viable environmental stability and mechanical upsides, conductive polymers market players are gearing to infuse funds in the sector. Considered as the 4th generation of polymeric materials, one of the major selling points of conductive polymers ...