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InvestmentPitch Media Video Discusses Sienna Resources' Acquisition of Two Past Producing Orogenic Gold Projects in Norway from EMX Royalty Corporation - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Sienna Resources (TSXV: SIE)...
About this update from Sienna Resources Inc
[{"type":"text","content":"InvestmentPitch Media Video Discusses Sienna Resources' Acquisition of Two Past Producing Orogenic Gold Projects in Norway from EMX Royalty Corporation - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF) is acquiring two past producing orogenic gold projects in Norway from EMX Royalty Corporation. The Bleka and Vekselmyr Gold Projects are located in an underexplored greenstone belt in southern Norway with areas of historic gold production and documented gold occurrences.For more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Sienna\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_9x6k1dvd/Sienna-Resources-is-acquiring-two-past-producing-orogenic-gold-projects-in-Norway-from-EMX-Royalty-CorporationThe Bleka Vein was discovered in 1880 and mined intermittently until 1940, with historic production reported as 165 kilograms or approximately 5,300 troy ounces of gold sourced from mineralized material with an average grade of 36 grams per tonne gold. The Bleka project covers the historic mining area and swarms of similar veins that extend for at least three kilometers along strike. The nearby Vekselmyr license covers outcropping gold mineralization in similar orogenic-style veins. In order to earn its 100% interest in these two projects, subject to a 3% NSR, Sienna is issuing 500,000 shares, spending $250,000 per year for the next two years, reimbursing EMX certain costs, and issuing an additional 1.5 million shares at the end of the two-year option period.Jason Gigliotti, President, stated: \"This is a tremendous opportunity for Sienna to acquire a high quality gold project in a politically stable, mining friendly jurisdiction. We have been searching for a high quality, high potential gold project and we feel these two new gold targets provide this to Sienna immediately. This gold belt has been underexplored and we plan to commence work right away. There is a 3 km unique vein swarm within this greenstone hosted orogenic plug with a folded nose formation. This area is highly prospective for gold and we plan to focus on this area. We are ex...