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RETRANSMISSION: Sienna Acquires the 10,845 acre "Dragon Uranium Project" Bordering Cameco in the Athabasca Basin of Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - Sienna Resources Inc. (TSXV: S...
About this update from Sienna Resources Inc
[{"type":"text","content":"RETRANSMISSION: Sienna Acquires the 10,845 acre \"Dragon Uranium Project\" Bordering Cameco in the Athabasca Basin of SaskatchewanVancouver, British Columbia--(Newsfile Corp. - January 18, 2024) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) (\"Sienna\" or the \"Company\") is pleased to announce that it has acquired the 10,845 contiguous acre \"Dragon Uranium Project\" bordering Cameco Corporation (CCO, CCJ) in the world renown Athabasca Basin of Saskatchewan. According to the World Nuclear Association (WNA), the highest-grade uranium mine in the world is Cameco's Cigar Lake in the Athabasca Basin of Saskatchewan, Canada. It has an average grade of 14.69% U3O8. The Athabasca Basin is home to the highest-grade uranium deposits in the world, which includes the highest grade uranium mine in the world owned by Cameco Corporation. In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada, the second-best jurisdiction globally. 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, \"Uranium prices have hit a 16 year high this week and management feels that diversifying into uranium while keeping our lithium focus makes sense. Establishing a large footprint in the most prolific uranium address on the globe bordering the biggest name in uranium, Cameco, provides Sienna and Sienna shareholders with exposure to the best performing sector in mining in the past year. Management continues to try to add projects that are accretive to the growth of Sienna and we have enough cash on hand to forward these projects.\"About Sienna Resources Inc.Sienna has recently acquired the 10,845 contiguous acre \"Dragon Uranium Project\" bordering Cameco Corporation (CCO, CCJ) in the world renown 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' (NILI) \"Nevada North Lithium Project\" in Elko County, Nevada. 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 Projec...