On August 20, 2024, Sienna Resources Inc. more than doubled the size of the “Dragon Uranium Project” to 23,134 contiguous acres directly bordering Cameco Corporation (TSX: CCO) (NYSE: CCJ) in the world renowned 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 Resources Inc. stated, “We are very pleased to significantly increase our acreage directly bordering Cameco Corporation (CCO.t) in the Athabasca Basin. The Athabasca Basin is world renowned as the world’s highest grade uranium district and home to many of the world’s largest and highest grade uranium discoveries. There has been a renewed interest in uranium recently as the USA’s first new major uranium project in 30 years has just come on line in Georgia. Sienna also just increased its landholdings bordering Ramp Minerals Inc in Saskatchewan. Sienna is one of the larger landholders in this exciting new gold mining camp and with Eric Sprott taking a major stake in the area it shows the promises of this new potentially world-class mining district. Sienna management is currently developing plans to move forward on this large sized new gold project at a time when gold is at all-time highs. Sienna is coming into a very active period and management is very optimistic about the short and long term growth drivers in place now.”
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. Mr. Frank Bain, P.Geo., a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.