CALGARY, Sept. 10 /CNW/ - Sienna Gold Inc. (SGP.V TSX Venture Exchange)
is pleased to announce that it has contracted a drill rig for its upcoming
drill campaign, signed an agreement with the affected community as required
and has identified a new project area for exploration.
On September 3, 2008 a contract was signed with Geotecnia Peruana S.R.L.,
a Peruvian drilling contractor, to drill up to 3,200 meters of holes on the
Igor project. This project is budgeted to cost approximately $500,000 US, and
it will commence subject to financing, which the company is currently seeking
through a private placement. It is anticipated that the drill project will
expand as positive results are achieved. Drilling will commence in the
Callanquitas district and move towards the Tesoros zone of the property
testing the continuation of the near surface gold porphyry material discovered
in the previous drill campaign (see Sienna Press Release May 8, 2008) and
testing the thickness and grade of the underlying copper porphyry. The Company
is particularly interested to drill adjacent to hole CA-08-01b in Callanquitas
which encountered 212 meters of an average grade of 0.6 grams of gold per
The Company has signed and registered an agreement with community of
Callanquitas which documents the responsibilities for both the community and
the Company during the next 18 months of exploration at Igor. Pursuant to this
agreement, site work for the new drill sites will commence on September 15,
2008 and drilling will start some two weeks later.
The Company also announces that it has identified 900 hectares of land in
the Department of Piura in Northern Peru, on which it will commence
exploration activities on a potential high sulfidation gold target. This
property was brought to the Company by a broker who will be paid $10,000 for
every year that Sienna continues to work on the project. The property has been
visited by Mr. Don Allen (PGeol) and Warren Pratt (CGeol), both of whom
confirm the existence of vuggy silica and anomalous gold values. Soil sampling
will be carried out to help identify early drill targets.
This press release has been reviewed and approved by Murray Lytle, P.Eng.
who is the Company's Qualified Person.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.
Statements in this press release regarding the Company's business which
are not historical facts are "forward-looking statements" that involve risks
and uncertainties, such as estimates and statements that describe the
Company's future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties. Actual
results in each case could differ materially from those currently anticipated
in such statements.
For further information:
For further information: John Rucci, President (403) 508-2061 or by