VANCOUVER, Feb. 20, 2013 /CNW/ - SIERRA IRON ORE CORP (the "Company") is
pleased to announce that it will be submitting the 2nd sample comprising of 30 kilos of ore from a new prospective zone.
The sample will be comprised of a 10 kilo sample that was collected from
3 zone areas with a minimum of 10 meters between each sample location.
The sample will be sent to a leading international commodities trading
and logistics company located in Mexico. The 1st sample was sent to an independent lab for testing at the direction of a
major smelter in China. The objective of the analysis is to determine
the polymetallic grade of the two samples.
In addition, as previously announced on September 28th, 2012, the company is collecting samples from the El Veinte Zone for
metallurgy testing. The company expects to report an update on the El
Veinte sample shortly. The decision to collect a sample and to conduct
metallurgy testing on the El Veinte Zone is based on the previous
results announced on August 27th, 2012 whereby the Company reported the first assay results from its
core drill program. The results of the initial eight drill holes
included six holes intersecting significant iron bands grading 30% iron
ore or greater. The initial assay results of the six holes are
highlighted by more than 66 meters of 30% iron or better including more
than 33 meters of 45% iron or better.
"The new prospective zone is believed to host a significant resource of
polymetallic grade and this sample and metallurgy testing is the first
step to determining the potential for future development," stated Wally
Boguski, President and CEO. "The Company is excited to begin sampling
and testing on a 2nd prospective zone and we look forward to announcing the results after
the samples have been fully processed."
Mr. Ruben Verzosa, P. Eng., a Qualified Person (QP) as defined by NI
43-101 has approved the geological content of this Press Release.
About Sierra Iron Ore
Sierra Iron Ore is a growth focused mineral exploration company creating
value through the exploration and development of the El Creston
property located in the Sinaloa State of Mexico. The company has a
continual fieldwork program at the El Creston Property that is
comprised of drilling, mapping, sampling and planning for further
property development. Roads have been built and upgraded and equipment
has been mobilized for further developing the known iron ore mineral
zones identified by recent exploration work.
Sierra Iron Ore is currently finalizing an option agreement to acquire
up to an 80% interest in a highly prospective iron ore property (the
"Mazomique Property") comprising of one concession covering an area of
3,055.27 ha near the northeast boundary of Sinaloa and Chihuahua
states. The Mazomique property has excellent infrastructure to
transport drill equipment and heavy machinery with an existing 25km
partly sealed and all weather gravel road from the city of Choix.
Sierra Iron Ore also is 100% owner of the Tom Cat property which is
located 200 kilometres east-northeast of Vancouver and within the
historic Aspen Grove copper camp. The property is comprised of eight
contiguous mineral claims covering an area of 3,142 hectares.
Geologically, the Property predominantly covers the central facies of
Triassic volcanic and lesser sedimentary rocks of the Nicola Group.
On behalf of The Board of Directors of Sierra Iron Ore Corporation.
Paul Lee, Director
This news release contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not under
the control of Sierra Iron Ore Corp. which may cause actual results,
performance or achievements of Sierra Iron Ore Corporation to be
materially different from the results, performance or expectation
implied by these forward looking statements. Neither 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 release, which has been prepared
SOURCE: Sierra Iron Ore Corporation
For further information:
Corey Safran, Investor Relations, at 609-228-0595, or by email at firstname.lastname@example.org.