VANCOUVER, BC – SIERRA IRON ORE CORPORATION (the “Company”) is pleased to provide an update on the drill program for the El Creston property.
Based on the results from the RC scout drill program that were issued on the company’s press release on October 11, 2011, the company has been preparing drill targets for the coming core drill program. The company expects drilling to commence in the current quarter with partial drill results to be released in the first quarter of 2012.
The core drill program will augment and verify the results of the previous RC drill program and more importantly it will define the geometry and grade of each magnetite body in preparation for resource estimates.
“We are very excited to commence the core drill program on the El Creston property and we look forward to establishing the required parameters for resource definition,” stated Wally Boguski, President and CEO.
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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 iron property located in the Sinaloa State of Mexico. The company has a continuing work program comprised of drilling, mapping, sampling and planning for further property development. Roads are being built and upgraded and equipment is being mobilized in preparation for further development of the known magnetite bodies 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.