Great Plains Metals Corp. press release
Sienna Obtains Drill Permit for Igor Exploration Program
TSXV - TSX Venture Exchange · Gold · Copper · Molybdenum · Rare Earth Elements · Uranium · Canada
CALGARY, Jan. 8 /CNW/ - Sienna Gold Inc. (SGP.V TSX Venture Exchange) announces that it has received approval from the Peruvian Ministry of Energy and Mines to drill 18 holes on the Igor Project. The Ministry has also informed the Company that it is currently reviewing the drill application for the Pachin Alto concession and approval can be expected prior to month end. The Company has entered into discussions with Geotecnia Peru SRL to drill both programs. Geotecnia is an experienced Peruvian diamond driller and is currently visiting both drill sites to plan the campaign logistics.
The first Igor drilling program for 2007 will explore the porphyry deposits identified on the concession and also the Domo area for which the company recently reported gold and silver assays.
The Igor property was also recently visited by porphyry expert Dr. Warren Pratt of Specialized Geological Mapping. Dr. Pratt is a "qualified person" as defined in National Instrument 43-101, and is at arms-length to the Company. Dr. Pratt, concluded;
"I interpret the mantos in the anticline hinge and the Tesoros Zone as mineralised structures on the periphery of, or above, a porphyry copper-gold deposit. The high zinc, lead, silver, arsenic and antimony values are consistent with such a setting."
Dr. Pratt has also suggested a number of additional low cost, exploration procedures to identify with greater precision the location, angle and depth of drill holes to test the center of the porphyry zone. These procedures will be undertaken quickly, prior to drilling the porphyry zone, to ensure that exploration moneys are optimally used.
The Domo includes a series of three "mantos" or beds which have been mapped over an area of 100 meters by 700 meters and occur in a sequence that is 30 to 50 meters thick from surface.
Assays from 660 channel samples taken from artesanal workings in the zone averaged 8.1 grams per tonne of gold and 189 grams per tonne of silver. All of the samples were mapped as being from the manto (ore) zone or the interbed ("waste") zone. The 292 samples of interbed material averaged 6.7 grams per tonne of gold and 192 grams per tonne of silver while the 368 samples of manto material averaged 9.3 grams per tonne of gold and 186 grams per tonne of silver. These results were announced by the Company in previous press releases dated August 30, September 5, September 13 and September 20, 2006.
The drill program is designed to confirm these assays and determine whether these average grades are representative of the entire mineralized zone.
This press release has been reviewed and approved by Murray Lytle, P.Eng., 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. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward looking statements. The Company is under no obligation to update or alter any forward looking statement. These risks include operational and geological risks, the risks involved with operating in a foreign jurisdiction and the ability of the Company to raise necessary funds for exploration. The Company's forward looking statements are expressly qualified in their entirety by this cautionary statement.
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