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