Sierra Iron Ore Corp. Intersects Iron Grades Exceeding 30% Across First Eight Drill Holes at the El Creston Property
05 September 2012 - 8:30PM
PR Newswire (Canada)
Symbol:-TSX-V.NAA OTCQX:SIOCF VANCOUVER, Sept. 5, 2012 /CNW/ -
SIERRA IRON ORE CORP (the "Company") is pleased to report the first
assay results from its core drill program at the Company's Veinte
zone located within the El Creston Property Iron Ore Project north
of the city of Choix, Mexico. The Company is encouraged by the
results of the initial eight drill holes, with 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. "We are very encouraged by the
results of the first series of holes to be drilled on the El Veinte
zone of the El Creston property", stated Wally Boguski, President
and CEO. "We look forward to continue reporting the next series of
holes in our drill program and moving the company a step closer to
a defined resource."
____________________________________________________ |Drill Hole
Number|from (m)|to (m)|Length (m)|% Fe2O3|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______| |CDH-27 |
0.00| 3.04| 3.04| 53.22|
|_________________|________|______|__________|_______| | | 3.04|
7.62| 4.58| 34.30|
|_________________|________|______|__________|_______| | | 7.62|
10.66| 3.04| 49.90|
|_________________|________|______|__________|_______| | | 3.05|
6.09| 3.04| 56.21|
|_________________|________|______|__________|_______| | | 6.09|
9.13| 3.04| 40.12|
|_________________|________|______|__________|_______| | | 9.13|
11.20| 2.07| 41.33|
|_________________|________|______|__________|_______| | | 14.80|
18.51| 3.71| 33.87|
|_________________|________|______|__________|_______| | | 26.40|
27.43| 1.03| 69.82|
|_________________|________|______|__________|_______| | | 29.94|
31.36| 1.42| 57.29|
|_________________|________|______|__________|_______| | | 32.17|
33.92| 1.75| 39.15|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______| |CDH-29 |
28.03| 30.48| 2.45| 39.31|
|_________________|________|______|__________|_______| | | 30.48|
32.00| 1.52| 31.49|
|_________________|________|______|__________|_______| | | 32.00|
36.74| 4.74| 41.11|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______| |CDH-30 |
25.90| 28.95| 3.05| 32.77|
|_________________|________|______|__________|_______| | | 28.95|
32.00| 3.05| 47.98|
|_________________|________|______|__________|_______| | | 32.00|
35.05| 3.05| 30.62|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______|
____________________________________________________ |Drill Hole
Number|from (m)|to (m)|Length (m)|% Fe2O3|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______| |CDH-32 |
19.81| 22.86| 3.05| 32.85|
|_________________|________|______|__________|_______| | | 22.86|
25.90| 3.04| 39.33|
|_________________|________|______|__________|_______| | | 25.90|
28.95| 3.05| 34.07|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______| |CDH-33 |
15.24| 18.28| 3.04| 45.34|
|_________________|________|______|__________|_______| | | 18.28|
19.81| 1.53| 54.33|
|_________________|________|______|__________|_______| | | 25.90|
28.95| 3.05| 30.90|
|_________________|________|______|__________|_______| | | 28.95|
32.00| 3.05| 48.89|
|_________________|________|______|__________|_______| | | | | | |
|_________________|________|______|__________|_______| |CDH-34 |
14.21| 16.76| 2.55| 47.02|
|_________________|________|______|__________|_______| | | 18.28|
21.33| 3.05| 49.68|
|_________________|________|______|__________|_______| | | 21.33|
24.38| 3.05| 43.10|
|_________________|________|______|__________|_______| | | 24.38|
27.43| 3.05| 48.04|
|_________________|________|______|__________|_______| | | 27.43|
30.13| 2.70| 54.60|
|_________________|________|______|__________|_______| | | 30.13|
33.52| 3.39| 34.66|
|_________________|________|______|__________|_______| 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 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. 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 Sierra Iron Ore Corporation CONTACT: Corey
Safran, Investor Relations, at 609-228-0595, or by emailat
corey@sierrairon.com.
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