Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Sienna Resources (TSXV: SIE) announced that it has started an extended sampling and geophysical program on the Slättberg nickel-copper cobalt project, located 25 kilometres northwest of Falun, Sweden.
In a press release, the Vancouver-based company explained that the historic mining camp hosts cobalt-nickel-copper rich massive sulfide mineralization. Therefore, its engineers will be taking samples of stream sediments, soil and glacial till in the areas where magnetic anomalies have been identified with the idea of determining the location of high priority drill targets.
“We are working on areas that historically showed some of the highest anomalies on the property and we look forward to using this data to refine the next phase of drilling,” Jason Gigliotti, President of Sienna, said in the media statement.
Slättberg occupies approximately 12,733 contiguous acres and is home to at least 16 historic mines, with operations dating back to the late 1800s. According to Sienna, these mines are positioned along an east-west trend of massive sulfide occurrences developed in and around a similarly oriented body of leptite.
