VANCOUVER, Dec. 13, 2012 /CNW/ - SIERRA IRON ORE CORP (the "Company") is
pleased to announce that it is has successfully staked additional
mineral claims adjacent to the Tom Cat property in British Columbia,
Canada. With the addition of the newly staked claims, the Tom Cat
property is now comprised of ten contiguous mineral claims covering an
area of 4013 hectares.
The Tom Cat property is located 200 kilometers east-northeast of
Vancouver within the historic Aspen Grove copper camp and shares a
property boundary with the Big Kidd property that was recently optioned
by Extrata and currently under exploration. The region is well known to
host some of the world's largest copper resources including those at
Copper Mountain and at the Highland Valley.
The Tom Cat mineral prospect, one of nine MINFILE reported mineral zones
on ground covered by the claims of the Tom Cat property, has been
explored by prospecting and trenching since 1906. The predominant
mineralization is hosted in green laharic breccia or basaltic flow
breccia near the contact with red laharic breccia of the Upper Triassic
Garrow (2010) reports that the only significant results reported prior
to 2006 was a drill intersection of 45.7 meters of 0.32% copper in a
1965 Pyramid Mining drill hole on the Tom Cat showing. Included in the
historic drill hole was an intersection of 4.4 meters of 0.54% copper.
Exploration work by Bold Ventures in 2006 & 2007 on the Tom Cat
property resulted in the delineation of variable chargeability IP drill
targets that may indicate a mineralized sub-surface porphyry system.
Sierra has obtained a permit for drilling and will be proceeding with a
diamond drilling program to test some of the IP anomalies.
Please note that historic information cannot be relied upon until the
information is confirmed through a work program by the company.
Laurence Sookocoff, 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 Sinoala 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 as well as
equipment has been mobilized for further developing the known magnetite
zones identified by recent exploration work.
Sierra Iron Ore also has 100% ownership of the Tom Cat property which is
located 200 kilometres east-northeast of Vancouver within the historic
Aspen Grove copper camp. The company is currently conducting an
exploration program of geological mapping and sampling program as a
prelude to a planned diamond drill program.
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