Sierra Iron Ore Corp. Adds More Mineral Titles to the Tom Cat
Property in British Colombia
Symbol:-TSX-V:NAA
OTCQX:SIOCF
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 Nicola group.
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 by
management.
SOURCE Sierra Iron Ore Corporation