Yesterday, Generation Mining Ltd. (full release below) has discovered a large, high-velocity seismic anomaly that extends at depth from the Sally deposit. Sienna’s Marathon North Platinum-Palladium Prospect flanks the Sally deposit on two sides. Sienna is planning a work program on the Marathon North Platinum-Palladium Prospect and is also about to start drilling in Sweden on its platinum-palladium project there. Clearly there is a lot of activity occurring with Sienna right now.
February 18, 2020 – Sienna Resources Inc. (SIE—TSX.v) (A1XCQ0—FSE) (SNNAF—OTCBB) (the “Company ”) is pleased to announce that it has significantly increased its land holdings on its Marathon North Platinum-Palladium Property to approximately 16,500 acres (from approximately 2,500 acres announced in a news release on Jan. 23, 2020) in Northern Ontario directly bordering Generation Mining Limited’s (GENM: CSE) Marathon Palladium Project. This new acreage makes Sienna one of the largest landholders in the Coldwell Complex other than Generation Mining. The Coldwell Complex is the largest alkaline complex in North America and hosts the Marathon platinum-palladium deposit. According to Generation Mining’s webpage, 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 January 6, 2020, Generation Mining Ltd. released a preliminary economic assessment (PEA) giving Marathon an after-tax net present value (NPV) of $871 million.