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    Home»Mining & Resources»Sienna Expands Acreage Adjacent to Cameco Corporation in the Athabasca Basin of Saskatchewan
    Mining & Resources

    Sienna Expands Acreage Adjacent to Cameco Corporation in the Athabasca Basin of Saskatchewan

    Alexander LeeBy Alexander LeeAugust 20, 2024Updated:August 20, 2024No Comments3 Mins Read
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    On August 20, 2024, Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) announced the expansion of its acreage on the Dragon Uranium Project, located adjacent to Cameco Corporation in the renowned uranium district of the Athabasca Basin. The project now encompasses 23,134 contiguous acres. It is important to note that historical results from neighboring properties may not necessarily indicate mineralization on Sienna Resources’ properties, and management is currently developing plans for the Athabasca Basin Uranium projects.

    Jason Gigliotti, President of Sienna Resources Inc., expressed satisfaction with the increased acreage bordering Cameco Corporation in the Athabasca Basin, highlighting the district’s reputation as a high-grade uranium region with significant discoveries. He also noted the growing interest in uranium following the launch of the USA’s first major uranium project in 30 years. Sienna has also expanded its landholdings adjacent to Ramp Minerals Inc in Saskatchewan, positioning itself as a key player in the gold mining camp with potential for world-class deposits. Sienna’s management is optimistic about the growth prospects in the short and long term.

    Sienna Resources Inc. recently added to its acreage on the Stonesthrow Gold Project in Saskatchewan, which now spans approximately 18,350 contiguous acres. This project is located next to Ramp Metals Inc and has shown promising zones of gold mineralization. Similarly, the acquisition of the Case Lake West Cesium and Spodumene Pegmatite Project in Ontario adds to Sienna’s portfolio with approximately 2,200 contiguous acres bordering Power Metals Corp’s Case Lake cesium and pegmatite discovery.

    Sienna Resources Inc. has a diversified project portfolio that includes gold, cesium, spodumene pegmatites, and uranium assets in prominent mining regions. The company’s recent acquisitions and strategic investments position it as a significant player in the mining industry, with a focus on developing and exploring promising mineral properties.

    Frank Bain, PGeo, a qualified person under NI 43-101, has reviewed and approved the technical disclosures in this news release. For further information or to join Sienna Resources’ mailing list, please contact info@siennaresources.com or follow their Twitter account @SiennaResources.

    Jason Gigliotti
    President, Director
    Sienna Resources Inc.

    This news release contains forward-looking statements that reflect management’s current expectations and projections. These statements are based on uncertainties and assumptions which may not necessarily align with actual events, performance, or results. It is advised not to rely solely on forward-looking statements, as circumstances and beliefs may change. Sienna Resources Inc. does not assume any obligation to update forward-looking statements.

    Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the accuracy or adequacy of this press release. To view the original source version of this press release, please visit https://www.newsfilecorp.com/release/220503.

    acreage athabasca basin cameco corporation saskatchewan sienna
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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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