Symbol:-TSXV.NAA
Symbol:-OTC- SIOCF
VANCOUVER,
Sept. 23, 2013 /CNW/ - Sierra
Iron Ore Corporation (Symbol: NAA-TSXV/OTCQX:SIOCF)
(the "Company") is very pleased to announce that it
has received all of the preliminary local, state, and federal
permits required to initiate production on the El Creston property.
These permits include the Environmental Impact Statement from the
Environmental Protection Authorities (SERMANAT) and the Change of
Land Use permit.
The Environmental Impact Statement and the
Change of Land Use approval come after an extensive environmental
study of the land on which the mine is located, as well as the
surrounding community, and were the final requirements necessary to
initiate operations. The Company expects to receive the final
approval for the permits within the next 60 days.
The permits will allow for construction and
production on the Company's plan for an exploration/development
field work program on the El Creston iron ore property. The program
will include a preliminary pilot testing plant operation for the
purpose of testing zones at the property.
The Company engaged Environmental Consulting
Vugalit SC, a consulting and advisory company in Mexico that specializes in guiding mining
companies through the permit process in Mexico.
"The preliminary approval of the permits is an
important milestone for the company's near-term plan to be in
production on the El Creston property," stated Wally Boguski, President and CEO. "We continue
to responsibly source, negotiate and secure the purchase of the
remaining equipment needed to advance the company to the planned
development work program. We look forward to providing the market
with further updates as we expect to begin the development program
in the 2nd half of 2013."
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 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.
Wally Boguski,
Director
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