Storage of Electricity – #Batteries & BIG imageThis discussion provides the current and future of of Li, G, NAM; H2O and more…
After Fukushima REBECCA JOHNSON 24 March 2011 https://www.opendemocracy.net/5050/rebecca-johnson/after-fukushima
LONG TSX-V: GGG $0.25 OTCQB: $GPHBF $0.19, July 28, 2016 Graphene 3D Lab Introduces New Type of Single Layer Graphene Material:
http://www.graphene3dlab.com/s/news.asp?ReportID=757543&_Type=News&_Title=Graphene-3D-Lab-Introduces-New-Type-of-Single-Layer-Graphene-Material
$GLFN – http://galenfeha.com/ and #Gummune
…
Author: arch1 Comment: http://www.stockgumshoe.com/2016/03/microblog-club-house-for-the-discussion-of-religion-politics-and-other-unmentionables-volume-5/comment-page-17/#comment-4886050 New development for battery research to make electric vehicles practical and cost competitive…
Best2You ~ Benjamin @H0U3
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
$MGXMF – MGX Minerals Announces Publication and International Filing of Metal-Air Fuel Cell Patent; Eyes Mobile and Marine Applications
VANCOUVER, BRITISH COLUMBIA / February 7, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has received notice of publication of its patent describing metal-air fuel cells under the Patent Cooperation Treaty (PCT/CA2016/051080). The patent application has entered the National Phase and numerous international jurisdictions are designated for filing. ZincNyx currently owns 20 United States patents covering metal air batteries and fuel cells. Key technical features of the referenced patent application include:
An apparatus for encouraging the settling of metal-air particles in the electrolyte (anode) chamber of a fuel cell.
A serpentine arrangement for flowing electrolyte through the anode chamber of the fuel cell.
A stack of bipolar cells oriented in a horizontal or vertical arrangement.
A method for charging a fuel cell with a bed of metal particles
ZincNyx technology has been developed around the utilization of zinc as the anode fuel, which offers numerous advantages over other forms of metals due to its unique attributes which include high energy density, abundant availability, low cost, and ease of storage and handling. The regenerative system does not require fuel replacement and offers scalable energy capacity through simple introduction of additional fuel tanks. Additionally, because the energy and power capabilities of the system have been completely decoupled, investigation into its viability within much broader sectors beyond mass storage are currently underway, including introduction into both mobile and maritime environments as an alternative to diesel engines.
To watch a short video outlining ZincNyx technology, please visit http://www.zincnyx.com/technology/
About ZincNyx Energy Solutions
To learn more about ZincNyx technology visit http://www.zincnyx.com. …
Robert Friedland talking about hydrogen fuel cells
http://www.miningweekly.com/article/new-dawn-for-platinum-mining-robert-friedland-2018-02-07
Tehnology moving fast. Maybe hydrogen fuel cells are coming faster in the next wave after Li-NCM-zinc. The speech was in South Africa, home field of Platreefs;
and Honda, a Japanese company, was referenced.
Bullish for platinum.
One thinks of the 10% stake in Platreefs owned by a Japanese comglomerate.
Fuel cells could be a stiff competitor with batteries. Even more in generation stations than vehicles. The high pressure tank needed in vehicles is a drawback and unneeded in stationary large facilities.
MGXMF–Long….Critical Investor Q & A with MGX Minerals CEO Jared Lazerson… http://www.theenergyreport.com/article/2018/02/06/the-critical-investor-q-a-with-mgx-minerals-ceo-jared-lazerson.html ….Cowboy
Keep’em coming, another great write on MGX. MGX has enough ‘Irons in the fire’ for a catalyst every month per the CEO. Sprott has bought in for $2.5m. I need more profit to liquidate to buy more $MGXMF.
MGXMF long
Huge fan of MGX and a shareholder. It’s a spec stock and will require patience, but this has 10-bagger written all over it. If not 20-bagger. I bought a full position in the $0.70’s but think it’s still a strong buy. Will increase position as I take profits elsewhere.
Oooh Crypto.
Where “elsewhere” will you take profits ?
Right now my only “elsewhere with profits” are companies I don’t want to sell…in resources, anyway.
From GreenTeck media:
TOP ENERGY STORAGE NEWS FROM GTM: Summary of articles:
(I wasn’t able to add them as links,sorry….and….if this is not of use to anyone, pls say so; I will not continue to post. Thanks
02.06.18 | Katie Fehrenbacher
Tesla’s Latest South Australia Battery Project to Rival the Capacity of a Coal Plant →
The project is being hailed as “the world’s largest virtual power plant.” But what exactly does that mean?
02.02.18 | Julian Spector
Arizona Just Raised the Bar for Innovative Clean Grid Policy →
The proposed blending of renewables targets with peak storage delivery should give other states something to think about.
02.05.18 | Julian Spector
AES Corporation Reshuffles to Cut Costs and Carbon Emissions →
The energy transition hits home at another multinational power provider.
02.05.18 | Jason Deign
Alevo Administrators to Wrap Up Sale of Grid-Storage Assets in a ‘Couple of Weeks’ →
The bidding process is still ongoing.
02.02.18 | Julia Pyper
Utility Ratemaking Trends to Watch For in 2018 →
Fixed fee hikes, mandatory demand charges and new dockets to support EV charging infrastructure.
01.31.18 | Julian Spector
The Controversy Surrounding Massachusetts’ $1.6B Hydropower Transmission Line →
If Massachusetts can’t agree on its clean energy strategy, who can?
01.31.18 | Mike Munsell
10 Trends That Will Shape the Global Solar Market in 2018 →
GTM Research’s team of solar analysts put some numbers behind their 2018 predictions.
02.02.18 | Stephen Lacey
Here’s a Forecast for Every Major Distributed Energy Technology →
What do the numbers tell us will happen in solar, wind, storage, smart meters, CHP and microgrids?
Lulu thank you for post and asking about virtual power plant. That has not really been discussed here and I meant make note of possibilities.
Most power plants are not built near major cities in the west. BPA on Columbia river for example That supplies OR WA and into the California grid.
The best place to build solar is in desert SW AZ Nevada s. CA etc.. There must be long range transmission at very high voltages in a grid to make that work.
A virtual power plant is a storage facility which may be placed anywhere, ideally where heaviest power use is located. Those can be charged when there is a huge surplus of power ie between 10:am to4;pm for solar and at night elsewhere.
There must be enough generation capacity to supply the grid at all times,
darkness for solar, no wind for wind, low water reservoir reserve for hydro so Fossil fuel,,,now mostly NGas, generally is used for the reserve so the plants must be kept hot and running in case of sudden need.
That is expensive so storage becomes attractive and even more so if it does not have to go over the grid before use as in placement in or near major cities.
So those virtual plants or storage charge up during surplus at lower rates and sell back during high demand at high rates. Further they do not have the power loss inherent in the grid. They could be privately owned or publicly and if private be a good investment.
Hope that helps all.
Here in Vancouver BC we were early into the fuel cell market through a company called “Ballard”. Imagine all these vehicles emitting water vapor at below freezing temperatures. Talk about icy roads! Also, perhaps newer versions of fuel cells are quieter than the old ones but the Ballard cells made quite a substantial roaring noise. Love to hear about newer cells from people who are working with them now.
….That never entered my mind about spot puddling in traffic jams. This is another example of how simply discussing ideas brings up interesting situations.
And the noise levels…..I never knew how they rated. Funny, at one time GM said they needed to have an engine like noise inside their electric cars, so people would know they were in “running” mode.
Thanks Dennis!
I have a Toyota Prius and the lack of noise is a sometimes a problem. Pedestrians don’t hear it, and sometimes you leave the car without turning it off when it is running.
Easy to fix. Instead of a phony engine sound or an irritating seat-belt buzzer, they could have a sexy voice saying
“Hey, Handsome. You’ve turned me on, I’m all hot and revved up, but if you are not going to drive me now, let’s save my energy for the next time. OK, sugar ?”
One of the potentials of advantages of low-cost voice technology.
with the capability of changing the options such as one is able to do on ‘siri’…hey gorgeous!!
Thanks for the smiles.
I posted a few weeks ago about the World Outlook Financial Conference which was held Feb 2/3 in Vancouver.
Here is a link to Michael campbell introduction comments.
http://moneytalks.net/moneytalks-store.html#video
$FYI – I received this mo9nths ‘AltEnergyMag Newsletter – Feb 7/18’ this is a list of articles in it, too many to post, an a link follows to a page with links to each.
What are Hot Solar Cells?
Corporations Purchased Record Amounts of Clean Power in 2017
What is Smart Off-Grid?
How Solar Powered Trash Cans Might Mean Major Savings for Cities
Why and When Does a Solar Panel Brand Matter or Not?
Karl Klontz Battery Conversion
https://www.altenergymag.com/streaming.php?type=a
I LIED!
I was so excited mentioning FLUENCE, a company spun off from AES and Siemens, that I ASSumed that the Fluence I came across right away was FLC:AX. Wrong!
AES and Siemens DID spin off a new company called Fluence, but so far it remains more or less a division of both of the companies, so no listing for it.
I have included new links to a couple of stories from those Motley characters and AES that help explain their story. It is definitely worth watching to see if it becomes an IPO or Spun off from both companies.
Personally, I think that I may start investing a little at a time, (if I can find some ca$h!!!) in AES. At least there is a dividend paid 4.68% until I see where and which way I want to go.
https://www.fool.com/investing/2018/01/18/why-aes-corps-shares-popped-12-today.aspx
https://www.fool.com/investing/2017/04/25/can-aes-succeed-where-nrg-energy-failed.aspx
http://blog.fluenceenergy.com/siemens-financial-services-and-fluence-announce-comprehensive-financing-program-for-energy-storage-customers-worldwide
Best of luck to all, sorry for my inattention earlier.
Ed
edski…”lie” connotes intent. You just “erred”.
I saw somewhere that it’s entirely human to do so.
It’s pretty relling that a lot of the best opportunities in storage are being held closely by the big guys. To get a piece of Fluence we have to buy Siemens or AES or participate in the IPO.
They are using Li-NCM.
I figured that yesterday was a good day to start buying a little AES. I bet on it going to 10.10, and it beat my expectations! IN reverse of course. But a paltry entry into it will keep me going.
I figure that a position in it could possibly offer me a chance to get some “new and improved Fleunce” when they, IF THEY decide to spin it from the major companies. Plus, AES is working overtime building systems all over the globe in sustainable projects, and working with new ideas. Siemens is also offering the financing for the projects, which was a tough gig for those that couldn’t find financing available.
They also pay a dividend, and after this drop, or even lower, I think the timing is right to start accumulation. I sold half of my Goldcorp to get some $ available while we watch what happens in the markets.
Goldcorp has been on a funky ride down……..
Time frames and technology…with technology advancing so rapidly we will be continually presented with challenges of evaluating developments and their potential impact on investment choices.
There is something of a paradox because with very advanced tech and large markets, the lead times are long. However, uptake and adoption can occur rapidly once the innovation is proven and it is backed by big interests.
**
As a practical matter, my intention as a retail investor is to consider the following:
1. If the innovation is in the market and can affect the business right now, or within two or three, I will consider it.
2. If the innovation seems potentially important but cannot be brought to market and have an impact on current manufacturing and consumer choices within 4 years, it is not a viable investment consideration for me right now.
3. If the innovation looks really good but will take longer than 4 years, but less than 10 years before it might have a market impact, the technology is worth keeping tabs on, but individual investment choices are premature.
4. If the innovation, in my opinion, is more than ten years away from having an impact, it may be interesting idea but not for my investment purposes.
**
These are just my personal views. It is important to keep an eye out about what is going on, and if one guesses correctly there is a huge upside.
Things change. Developments in hydrogen cells have just “moved up” in terms of potential time frame. I thought it was more than 10 years out; but then I see a picture of a Honda that uses hydrogen fuel cells, and think that maybe it is 5-10 years away.
The vagaries of technology are difficult to predict, and speaking practically to make a really big score you still need to be able to put a large amount of capital into a development longshot, and wait several years for the results. At present, I do not feel I would be able to take this approach with an amount of money that would really make a difference. Someone else may feel differently or have a different assessment than I do of the technology or the time frame, or be willing to take a long shot that I am not comfortable with.
MGXMF–Long…..HN just seeing if this was going to be another hairball, cause evidently China is involved here too some kind of way with MGXMF. I was here.. https://ceo.ca/xmg and ran across this.. http://www.intecqlimited.com/6319/nanoflotation-david-bromley-engineering-ltd.html#nogo which had links that said MGXMF was partners in some areas as you can see in the link. Which led me here… http://www.dbe2000.com/nanoflotation-low-energy-low-cost-water-treatment/ … Got too many windows open on this computer again, so I wanted to do some linkin before it locks up again and I lose something. I haven’t seen anything on these two companies websites that leads me to believe that they are public, but it appears that MGXMF has some type of business dealings with them. I’m bored again. sorry…Cowboy
MGXMF–Long….. ( I am redoing this post because it has been in moderation for several hours..too many links I reckon ) HN just seeing if this was going to be another hairball, cause evidently China is involved here too, some kind of way with MGXMF. I was on ceo.ca and ran across this.. http://www.intecqlimited.com/6319/nanoflotation-david-bromley-engineering-ltd.html#nogo …which had links that said MGXMF was partners in some areas as you can see in the link. Which led me here… http://www.dbe2000.com/nanoflotation-low-energy-low-cost-water-treatment/ … Got too many windows open on this computer again, so I wanted to do some linkin before it locks up again and I lose something. I haven’t seen anything on these two companies websites that leads me to believe that they are public, but it appears that MGXMF has some type of business dealings with them. I’m bored again. sorry…Cowboy
MGXMF,SPNRF–Long….Bloomberg Article… https://www.bloomberg.com/news/articles/2018-02-05/private-equity-likes-copper-and-battery-metals-as-deals-rebound ….Cowboy
MGXMF–Long…U-Tube interview with Jared Lazerson published 2/8/18…. https://www.youtube.com/watch?time_continue=16&v=y9G9aZP5NgY ….Cowboy
$MGXMF – MGX Minerals Announces Advancement in Nanofiltration Lithium Technology; Commences Initial Design of 2400 Cubic Meter Per Day Plant
VANCOUVER, BRITISH COLUMBIA / February 12, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the adsorbtion rate for the Company’s lithium extraction nanofiltration process (the “System”) has been increased from 20mg/g, milligram of lithium per gram of adsorbtion reagent, to an optimized 40mg/g Li/reagent. This reflects a doubling of adsorbtion rate and a significant cost cutting breakthrough as reagents reflect the single largest cost in the Company’s lithium extraction process. This advancement reduces reagent use and the direct cost of lithium chloride recovery from brine. Additionally, reagent depletion in the lithium nanofilter has now been reduced to less than 1% per cycle, increasing the operating time and associated recovery for the lithium nanofilter prior to requiring recoating with the reagent.
This work was completed by engineering partner PurLucid Treatment Solutions (“PurLucid”) at its Calgary, Alberta facility as part of the commissioning of the Company’s first 120 cubic meter (750 barrel) per day small commercial lithium extraction system. The System utilizes these latest advancements in lithium nanofiltration. The System is currently undergoing final flow testing and optimization in preparation for deployment.
The System utilizes a highly charged Replaceable Skin Layer (RSL™) membrane related to the nanofiltration and High Intensity Froth Flotation (HiFF) system, known as nanoflotation, which collectively have demonstrated performance superiority over other processes typically used to remove contaminants. The technology allows ultra-high temperature water treatment (up to 700°C) at 10-30 times the efficiency of existing ultrafiltration systems and offers numerous environmental water purification and mineral extraction benefits, including contaminant removal, mineral recovery, reduced energy demand, and small footprint.
1200 and 2400 Cubic Meter per Day Plants
The first 1200 cubic meter system is in final engineering design phase by engineering partner PurLucid. Fabrication is expected to commence shortly and be completed by Summer. The system is under contract for deployment at an oilsands SAGD site under a water purification agreement targeting a reduced cost of 50% as compared with the current truck and dispose option, as well as reduction of physical hydrocarbon (bitumen) waste product footprint, clean water reuse and minerals recovery.
Additionally, the initial component design of a 2400 cubic meter (13,000 barrels) per day system has been completed. The basic system and tanks are designed to fit within a 42’ x 64’ building housing nano-flotation pre-treatment sub-system, nano-filtration lithium and mineral extraction subsystem, mineral holding tanks, sludge processing, and on-site laboratory.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at http://www.mgxminerals.com.
Contact Information
Jared Lazerson
President & CEO
Telephone: 1.604.681.7735
Web: http://www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
SRI/SPNRF–Long…Article on Sparton’s Alan Barker and his pay check… https://finance.yahoo.com/news/why-sparton-resources-inc-cve-140916698.html ….Cowboy
SimplyWallSt. site is interesting…got lost in it checking out my ‘waiting for picks’. Sign up for 14 days for free. Thanks for posting that can not find the link now so thanks….
$SPMTF – Spearmint Resources Inc. (SRJ – TSX V, SPMTF – USA, A2AHL5 – Germany)
Spearmint Contracts Experienced Drillers for Nevada Lithium Drilling
Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FSE) is pleased to announce that it has engaged Harris Exploration Drilling and Associates Inc “Harris” to drill the Clayton Valley Lithium Prospect. Harris Drilling has had extensive experience drilling in the Clayton Valley lithium clays and brines.
James Nelson, President States, “We are very pleased to have one of the top drillers in Clayton Valley on our team. Harris has drilled a significant amount of lithium wells in the past 5 years including wells for Lithium X (LIX-TSX.v), Pure Energy Minerals Ltd (PE—TSX.v) and Westwater Resources Inc. (WWR-NASD). We anticipate the commencement of the drilling shortly and look forward to this phase of corporate growth. Now that we have closed our financing we are able to commence operations on multiple projects.””
Spearmint’s current projects include a portfolio of lithium prospects. The ‘Clayton Valley Lithium Prospects’ in Nevada comprise of two claim blocks totalling 800-acres bordering Pure Energy Minerals (PE.v) & Cypress Development Corp. (CYP.v). Spearmint also has three lithium projects in Quebec, including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’ in the vicinity of Nemaska Lithium Inc. (NMX.t) & Critical Elements Corp. (CRE.v).
Spearmint’s ‘Chibougamau Vanadium Prospects’ comprise of five separate claim blocks totalling 9,735-acres bordering, or in the direct vicinity of, the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v).
Spearmint’s current projects also include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘Neba Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 8,482 acre ‘EL North’ Nickel-Copper Prospect is a contiguous land package that includes the ‘EL North, EL North 2 and the BUDDY claims’ in the Eskay Creek Camp bordering Garibaldi Resources Corp (GGI.v). Spearmint’s 1,500 acre ‘WHY WEST’ Magnesium project near Rossland, BC directly borders West High Yield Resources (WHY.v).
If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.
Contact Information
Tel: 1604646-6903
http://www.spearmintresources.ca
“James Nelson”
President
Spearmint Resources Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release. #Best2ALL
Zinc battery storage:
http://www.mining-journal.com/base-metals/news/1311257/%E2%80%9Czinc-metal-demand-battery-storage-198mt-metal%E2%80%9D
The writer suggests that zinc-air storage may prove to be a strong format for storage and provide some price support on zinc.
CTEQF,SPNRF,MGXMF—Long. We may be early, but, we are in the right places…. https://www.greentechmedia.com/articles/read/50-megawatt-battery-will-give-arizona-peak-power-from-the-sun#gs.k4fnhgU …Cowboy
What type of battery are they going to use in the AZ project ?
From everything I have gone through to try and determine that answer HN, it appears that they will be Lithium-ion batteries for both the small and larger batteries. They will be coming from Fluence here… https://www.nasdaq.com/article/aes-corp-siemens-set-to-create-energy-storage-jv-fluence-cm815140 For our info, AES is a publicly traded company… AES ( NYSE ) as is of course Siemens….Cowboy
Yes indeed. I am following the Fluence “division” of both companies. My thinking is to start a small purchase of AES, (I did) and add slowly t it. It pays 4.68% div. and just maybe, the companies will spin off Fluence as it’s own company.
But! Who knows. Since Siemens is offering the financing for battery projects for Fluence, that may be difficult. Maybe not.
Other companies have failed because of lack of available financing to cover battery storage. Siemens changes that problem.
Another good PRIVATE Company to keep an eye on, in case it goes public one day……………
http://www.sionpower.com
Tesla–np, MGXMF, CTEQF–Long ( Gona need LOTS of battery materials )…. Going big on energy storage… https://www.greentechmedia.com/articles/read/tesla-plans-to-triple-battery-deployments-in-2018#gs.4tl2Lww …Cowboy
I would not invest in Tesla because of storage batteries..l. There are no lithium ion storage batteries that can both charge and discharge at the same time… For a Li-ion battery to both charge and discharge at the same time you have to add additional hardware and the cost goes up. HNs’ Mining Journal article on zinc air is good and it says that zinc air is cheap. Zinc air will charge and discharge at the same time, as will VRB. Between VRB and Zinc-air storage batteries the winner will be in the details. I think because of cost Zinc-air may have an edge.
$MGXMF long
Griffin…general agreement, though Tesla is rendered more viable on account of the storage potential. Li-NCM, VRB and zinc are the best targets for the next four years, in my opinion.
Surfing around there are also a lot of lead-acid improvements also in currently available formulations; the weight is substantial so it will likely be relatively unattractive for EVs, and lead is so common as a commodity that I would be a little hesitant unless I saw a very highly leveraged play in it and was persuaded of overall price inflation.
Also, I noted that it is not as easy as you might imagine to determine the battery chemistry on existing products. The manufacturers give a lot of performance specifications, but the composition of the battery is not always divulged.
For the most part I suppose in stuff that is not intended for EVs or grid and micro-grid applications are likely to be lead-acid or Li-NCM.
$SNNAF – Sienna Resources Inc Significantly Increases Land Holdings on Swedish Cobalt Prospect
Sienna Resources Inc Defines Additional Drill Targets at Slättberg Cobalt-Nickel-Copper Project in Sweden and Adds More Acerage
SIE:TSX.v | SNNAF:USA | A1XCQ0:Germany
NEW WEBSITE- Please Visit: http://www.siennaresources.com
New project has 16 old mines on the property
Project is Year Round Accessible with Paved Roads Right to Drill Targets
Drill Ready with Drilling Expected in Early 2018
Battery Metals Demand for Cobalt, Lithium, Nickel at Historically High Level Due to Electric Vehicle Battery Growth
CURRENT NEWS:
Sienna Resources Inc Significantly Increases Land Holdings on Swedish Cobalt Prospect
Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) is pleased to announce that it has significantly increased the land holdings on its Slättberg Cobalt-Nickel-Copper Project in Sweden.
This new Slättberg exploration license contains 4 old mines with one being the historic Mårtanberg copper mine, which was operated in the late 1700’s and early 1800’s. The Mårtanberg field is known for its copper-rich skarn-style mineralization. The underground workings extended to depths of 80-100 m, and little to no modern exploration has been conducted in the area. We plan to bring modern techniques and views to this added acreage. The Slättberg Cobalt-Nickel-Copper Project now consists of 3 exploration licenses covering 12,733 acres and at least 16 historic mines.
On January 30, we announced that initial results have been received from the ongoing magnetic survey work on the Slättberg Cobalt-Nickel-Copper Project in Sweden. High resolution magnetic surveys in the area of historic nickel-copper-cobalt mines have defined multiple strong magnetic responses along the trends of mineralization. These areas of strong magnetic response are interpreted to represent steeply plunging bodies of massive sulfide mineralization that is rich in pyrrhotite. The magnetic data appears to confirm additional continuity of drill defined zones of mineralization known from the historic drilling. Along with the historic drill data, this new magnetic data is being used to define multiple high priority drill targets for the upcoming drill program.
Slättberg’s massive sulfide mineralization is known to be strongly magnetic, owing to its high concentrations of pyrrhotite, a magnetic ferrous sulfide mineral associated with the Co-Ni-Cu mineralization. The new magnetic data is being used to potentially generate additional high priority drill targets on the project. Drilling is slated to commence in the coming weeks.
Jason Gigliotti, President of Sienna Resources states, “We are very pleased to significantly expand our Swedish landholdings. We are in a strong cash position right now and with the new data obtained from the magnetic survey recently completed, we are ready to commence drilling shortly. Cobalt prices are currently at fresh 10 year highs right now and show no signs of slowing as the global demand on the battery metals continues to strengthen. We look forward to a very active 2018.”
About Sienna Resources Inc.:
The Slättberg Cobalt-Nickel-Copper Project now consists of three adjacent exploration permits comprising approximately 12,733 contiguous acres.
Slättberg is located 25 kilometers northwest of Falun, Sweden. Slättberg is a historic mining camp hosting cobalt-nickel-copper rich massive sulfide mineralization that occurs within a two kilometer belt of historic nickel-copper mines. The Project contains drill defined massive sulfide mineralization that extends to ~100 meters in depth, and remains open for expansion at depth and along strike. The Project is accessible year round, with nearby rail, power and 5 smelters in the Nordic region. At least 16 historic mines are located on the property, with historic operations dating back to the late 1800’s.
Mineralization at Slättberg is hosted by 1.8-1.9 Ga (Svecofennian) supracrustal rocks (metavolcanics and metasediments) located along the southwestern flank of a large gabbroic intrusive complex. The historic mines are positioned along an east-west trend of massive sulfide occurrences developed in and around a similarly oriented body of “leptite”. This is a local term used to describe rhyolitic/felsic tuffaceous rocks commonly associated with sulfide mineralization in Bergslagen. Mafic and ultramafic rocks also occur in and around the mine workings.
Sweden is at the forefront of an exploration and development boom in the mining industry. The country’s favorable business environment includes a low corporate income tax rate, a proactive geological survey, and broad public support for export-led resource extraction. Sweden has a long history of mining, and is host to some of Europe’s largest active mines.
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
Sienna has recently launched its new corporate website and branding. Please visit the site at http://www.siennaresources.com
If you would like to be added to Sienna’s email list please email info@siennaresources.com for information or join our twitter account at @SiennaResources
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
http://www.siennaresources.com
info@siennaresources.com
“Jason Gigliotti”
President, Director
Sienna Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press.