Sierra Iron receives OK for El Creston construction

Dec 5, 2013

SIERRA IRON ORE RECEIVES FINAL PERMIT APPROVAL TO START MAJOR CONSTRUCTION AT THE EL CRESTON PROPERTY

Sierra Iron Ore Corp. 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 fieldwork 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 chief executive officer. “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 first quarter of 2014.”

http://www.sierrairon.com/news.html