VANCOUVER, Dec. 4, 2013 /CNW/ – Sierra Iron Ore Corporation (Symbol: NAA-TSXV/OTCQX:SIOCF) (the “Company”) is very pleased to announce that it has received the final 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 next step of the permit process is to obtain the effective work date that the Company can begin construction. The Company expects to imminently receive confirmation of the start date and it is expected to be January 2014.
The Environmental Impact Statement and the Change of Land Use approval came after an extensive environmental study of the land where the El Creston property is located, as well as the surrounding community. The application and approval process is very comprehensive and involves the following agencies; Commission Nacional Forestal(CONAFOR), Procuradoria Federal Para el Medio Ambiente(PROFEPA), the city of Culican (Office of the Secretary of the Government), the University of Sinaloa, Independent Biologists, Comisio Nacional del Agua (CONAGUA or Mexican water commission) and SEMARNAT
The permits will allow for major construction to support 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 final approval of the permits is an important milestone for the company’s near-term plan to be in preliminary pilot 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 1st quarter of 2014.”
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 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
For further information: contact Corey Safran at 609-228-0595, or by email at [email protected].
