Sienna Resources has received approval to drill up to five initial locations at the Elko Lithium Project in Elko County, Nevada, US.
The approval from the US Bureau of Land Management (BLM) allows Sienna to undertake drill work at the project site ‘as soon as possible’.
The Elko Lithium Project, which was acquired recently by Sienna, comprises around 1,200 contiguous acres that directly border Surge Battery Metals’ Nevada North Lithium Project.
Sienna president Jason Gigliotti said: “We are excited about this area, especially in light of the fantastic lithium results being drilled by our neighbour, Surge Battery Metals, whose shares have risen from a low of $0.065 to a recent high of $1.55 based on their drill results right beside Sienna’s property.
“This area is shaping up to be one of the most exciting lithium addresses in North America and we are very pleased to be right in the heart of it.
“Not only do we have this new lithium project, but Sienna is one of the largest landholders in Clayton Valley, Nevada, through its other property interests. Sienna has more than enough cash on hand for the anticipated current exploration plans and we expect to be very active on multiple fronts for the remainder of 2023.”
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By GlobalData
Sienna also owns larger land areas in Clayton Valley, Nevada, where its projects include the Silver Peak South Project, Blue Clay Lithium Project and Clayton Valley Deep Basin Lithium Project.
Recently, Sienna secured a BLM permit to complete up to four additional holes at its Blue Clay Lithium Project, which comprises 150 contiguous claims covering a total area of around 2,950 acres.
The Blue Clay Lithium Project is said to be prospective for lithium in the heart of the Clayton Valley in Nevada, which is presently home to the only producing lithium region in North America.
