Sierra Iron Ore to Submit Samples from a New Prospective Zone for
Initial Metallurgy Testing
Symbol:-TSX-V:NAA
OTCQX:SIOCF
VANCOUVER,
Dec. 4, 2012 /CNW/ - SIERRA IRON ORE
CORP (the "Company") is pleased to announce that it will submit two
representative samples each comprising of 30 kilos of ore from a
new prospective zone. The samples will be comprised of 10 kilo
samples that will be collected from 3 holes with a minimum of 10
meters between each sample hole. The samples will be sent to two
independent labs for testing at the direction of two major smelters
in China. The objective of the
metallurgical testing 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
metallurgical testing. The company expects to report an update on
the El Veinte sample shortly. The
decision to collect a sample and to conduct metallurgical 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
metallurgical 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 as well as 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 by
management
SOURCE Sierra Iron Ore Corporation