Business
Sierra Iron Ore provides corporate update on the development and field work program
Symbol:-TSXV.NAA Symbol:-OTC- SIOCF VANCOUVER , Aug. 6, 2013 /CNW/ - Sierra I...
About this update from Enduro Metals Corporation
[{"type":"text","content":"\n\n\nSymbol:-TSXV.NAASymbol:-OTC- SIOCF\n\n\nVANCOUVER, Aug. 6, 2013 /CNW/ - Sierra Iron Ore Corporation (Symbol: NAA-TSXV/OTCQX:SIOCF) (the \"Company\") is pleased to announce that it has made significant advancement to\n support the Company's plan for an exploration/development field work\n program on the El Creston iron ore property. The program will include a\n preliminary pilot testing plant operation for the purpose of testing\n zones at the property.\n\n\nMost notably, the Company has used proceeds from the previously\n announced closing of the 1st tranche of the non-brokered private placement (June 11, 2013) to make\n significant purchases of equipment that will support the field work\n program when it begins. The equipment purchased includes a Complete\n Crushing Plant (2000 metric ton per shift Capacity), Loaders, Backhoes,\n Scales and Trucks.\n\n\nThe El Creston property is ideally located for the logistics of\n exporting iron ore. The property is located approximately 100\n kilometers from a major port on the west coast of Mexico. Also, the\n highway infrastructure is currently being upgraded and the local roads\n to the property are complete.\n\n\n\"Since the closing of the recent 1st tranche of financing, the company has responsibly been sourcing,\n negotiating and securing the necessary purchase of equipment to advance\n the company closer to the planned development work program,\" stated\n Wally Boguski, President and CEO. \"We look forward to providing the\n market with further updates as we expect to begin the development\n program in the 2nd half of 2013.\"\n\n\nAbout Sierra Iron Ore \n\n\nSierra Iron Ore is a growth focused mineral exploration company creating\n value through the exploration and development of the El Creston\n property located in the Sinaloa State of Mexico. The company has a\n continual fieldwork program at the El Creston Property that is\n comprised of drilling, mapping, sampling and planning for further\n property development. Roads have been built and upgraded as well as\n equipment has been mobilized for further developing the known magnetite\n zones identified by recent exploration work.\n\n\nSierra Iron Ore also has 100% ownership of the Tom Cat property which is\n located 200 kilometres east-northeast of Vancouver within the historic\n Aspen Grove copper camp. The company is current...