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Sienna Resources to Acquire the Slättberg Cobalt-Nickel-Copper Project in Sweden
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2017) - Sienna Resources (TSXV: SIE...
About this update from Sienna Resources Inc
[{"type":"text","content":"Sienna Resources to Acquire the Slättberg Cobalt-Nickel-Copper Project in SwedenVancouver, British Columbia--(Newsfile Corp. - December 4, 2017) - Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: SNNAF) is pleased to announce it has entered into an exploration and option agreement (the \"Agreement\") with EMX Royalty Corporation (NYSE: EMX (American) TSXV) to acquire the Slättberg Cobalt-Nickel-Copper Project in Sweden (the \"Project\"). The Project consists of two adjacent exploration permits comprising approximately 9513 contiguous acres.Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting cobalt-nickel-copper rich massive sulfide mineralization that occurs within a two kilometer belt of historic nickel-copper mines. The Project contains drill defined massive sulfide mineralization that extends to ~100 meters in depth, and remains open for expansion at depth and along strike. The Project is accessible year round, with nearby rail, power and 5 smelters in the Nordic region. At least 12 historic mines are located on the property, with historic operations dating back to the late 1800's.To view an enhanced version of Geophysics and target map, please visit: http://orders.newsfilecorp.com/files/854/30971_a1512356696406_5.jpgMineralization at Slättberg is hosted by 1.8-1.9 Ga (Svecofennian) supracrustal rocks (metavolcanics and metasediments) located along the southwestern flank of a large gabbroic intrusive complex. The historic mines are positioned along an east-west trend of massive sulfide occurrences developed in and around a similarly oriented body of \"leptite\". This is a local term used to describe rhyolitic/felsic tuffaceous rocks commonly associated with sulfide mineralization in Bergslagen. Mafic and ultramafic rocks also occur in and around the mine workings.Sweden is at the forefront of an exploration and development boom in the mining industry. The country's favorable business environment includes a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction. Sweden has a long history of mining, and is host to some of Europe's largest active mines. Jason Gigliotti president of Sienna states, \"We are very pleased to have the opportunity to have access to this project. We are...