Sienna Resources Inc. Engages GeoXplor Corp for the Development of the “Clayton Valley Deep Basin Lithium Brine Project” in Nevada
July 11, 2016 (Source) — Sienna Resources Inc (TSXV: SIE) (FSE: A1XCQ0) (OTCBB: HBNRF) wishes to announce that Sienna has engaged GeoXplor Corp. of Anthem Arizona to oversee Sienna’s work program on its 100 percent owned “Clayton Valley Deep Basin Lithium Brine Project.” GeoXplor have been influential in the development of the lithium brines in the Clayton Valley since 2008. GeoXplor currently are operators on Pure Energy Minerals’ Clayton Valley South project, where they were instrumental in helping discover and identify an Inferred Resource of 816,000 tonnes of Lithium Carbonate equivalent (July 2015 NI 43-101) and also is operational manager for Lithium X Energy Corp’s operations in Clayton Valley.
Sienna’s “Clayton Valley Deep Basin Lithium Brine Project” is located directly between and bordering Pure Energy Minerals Limited (TSXV: PE) and Lithium X Energy Corp (TSXV: LIX). The “Clayton Valley Deep Basin Lithium Brine Project” is located in parts of the deepest sections (refer to the map) of the only lithium brine basin with a producing operation in North America (Albemarle’s (NYSE: ALB) Silver Peak Mine).
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Jason Gigliotti, President of Sienna Resources Inc. stated, “We are very fortunate to be able to engage GeoXplor who have the most intimate knowledge of Clayton Valley. The GeoXplor team have been instrumental with the development and discovery regarding the lithium brine deposit that Pure Energy Minerals Limited has, and we look forward to utilizing their experience and expertise to develop our “Clayton Valley Deep Basin Lithium Brine Project.” GeoXplor has proven to be the preeminent Clayton Valley lithium brine discovery team. We are very excited to start up our program as Sienna is located in the deepest sections of the basin that holds the only lithium development in Nevada.”
John Rud M.Sc. Geologist and a Principal of GeoXplor Corp states that “We look forward to working with the Sienna team as their project is located in the deepest sections of the Clayton Valley Basin, the only producing lithium brine basin in North America, with no company to date, testing these deeper sections. Their (Sienna’s) efforts in this regard is something we are very excited about”.
Sienna has also granted 550,000 incentive stock options to directors, officers and consultants at an exercise price of 23 cents per share for six months. The options have been granted in accordance with the company’s stock option plan.
Sienna Resources Inc.
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