Sienna Resources Inc. (“Sienna” or the “Company”) wishes to announce that is has acquired the “Esmeralda Project” which is prospective for lithium. This new prospect borders Lithium X Energy Corp. (LIX-TSX.v). The Clayton Valley hosts Albemarle’s (ALB-NYSE) Silver Peak mine which is the only operating brine based lithium mine in North America. The Clayton Valley is one of the few locations on earth to contain commercial-grade lithium-enriched brine and recently Pure Energy Minerals Limited (PE—TSX.v) signed a supply agreement with Tesla Motors Inc (TSLA-Nasdaq) to potentially supply lithium hydroxide from its Clayton Valley deposit. Management is currently formulating plans to commence operations on this new prospect.
Jason Gigliotti, President of Sienna states, “Lithium is one of the most exciting arenas in mining today. It’s a cross over element as it is not only understood by the established mining community, but also by millennials primarily due to the popularity of Tesla, therefore making lithium exploration appealing to a wide array of investors. This new prospect directly borders Lithium X Energy Corp and is in direct vicinity of Pure Energy Minerals Limited and Albemarle in the Clayton Valley which is the primary address for lithium brines in North America. We are planning to commence operations shortly and management has a renewed focus at a time we feel the junior market is in the early stages of significant recovery.”
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This prospect was acquired via staking. The prospect consists of 20 claim blocks.
Sienna Resources Inc.
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