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Sienna commences operations on its Marathon North platinum-palladium project

Oct 27, 2020

Sienna Resources Inc. has commenced work on its Marathon North Platinum-Palladium Property, directly bordering Generation Mining Ltd.'s Marathon palladium project. Sienna is one of the largest landholders within the Coldwell complex, which is the largest alkaline complex in North America and hosts the Marathon platinum-palladium deposit. According to Generation Mining's website, the Marathon deposit is one of the largest undeveloped platinum group metal mineral resources in North America, hosting several PGM-Cu (platinum-group-metal-copper) deposits, including the 7.1-million-ounce palladium-equivalent Marathon deposit. On Jan. 6, 2020, Generation Mining released a preliminary economic assessment (PEA) giving Marathon an after-tax net present value (NPV) of $871-million. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.

Jason Gigliotti states, "We are very pleased to begin the maiden work program on our Marathon North Platinum-Palladium Property in Ontario. This prospect lies within the Coldwell Complex, which is in one of the most recognizable addresses for Platinum and Palladium, and we are optimistic about what will be uncovered in the coming weeks. Not only do we plan to be active on the Marathon North project, we are also very active in Scandinavia on our platinum-palladium project in Finland that directly borders and shares the Koillismaa Complex in this region with Palladium One Mining Inc. and on our Norway gold project, making the remainder of 2020 a very active period for Sienna. We are fully financed for all of our planned work programs in 2020 and look forward to what we uncover from having boots on the ground in at least 3 countries. Not only do we have these projects ongoing, we are keeping a very close eye on our Clayton Valley Lithium project as there is a tremendous amount of new activity focused there especially since Elon Musk came out on the recent Tesla Battery Day, Sept 22, 2020 and stated his desire to acquire lithium projects in Nevada. As you can see there are multiple upcoming catalysts for Sienna right now that will give shareholders and the Company the opportunity for potential success in the near and long term."

Tags: Northern Ontario / Exploration / Metals / All Articles