“The leadership behind Sierra Iron Ore has the credentials to see their projects through to build substantial shareholder value”

Dec 4, 2012

Sierra Iron Ore Corporation (TSX.V: NAA, OTCQX: SIOCF) 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 and the Tom Cat project in Merritt, British Colombia. The most advanced project is the El Creston property which has concessions covering a total area of 500.1 hectares and is under option to Sierra Iron Ore Corporation. Under the agreement, Sierra by paying cash and shares in stages would earn a 50% interest in the EI Creston property. The property is close to major transportation corridors, power lines, seaport loading facilities at Tolopobampo, towns and major cities served by air transportation.

Industry Potential:

Iron ore demand is expected to increase at least 3 percent to 4 percent in 2013 over increases in 2012 and copper 6 percent to 7 percent as manufacturing in China, the largest iron ore and copper consumer in the world, expands further.
Prolific Properties. Sierra Iron Ore Corp. has its El Creston property in the Sinaloa State of west-central Mexico and the Tom Cat property within the historic Aspen Grove copper camp northeast of Vancouver. In addition to those holdings, Sierra Iron is currently finalizing an option agreement to acquire up to an 80% interest in a highly prospective iron ore property in Mexico called the “Mazamique property.”

Iron Ore at El Creston. An initial core drill program of eight holes included six holes intersecting significant iron bands grading 30% iron ore or greater. Those results were highlighted by more than 66 meters grading more than 30% iron, including more than 33 meters of 45% iron or better.

Legacy Mineralization. Tom Cat property, a series of eight contiguous claims covering 3,142 hectares within the Aspen Grove copper camp. Aspen Grove has been recognized for more than a century for its prolific mineralization. Xstrata plc has recently acquired and begun exploration on the Big Kidd property adjacent to Tom Cat.

Experienced Management. The executive team at Sierra Iron Ore has decades of experience in developmental exploration companies and the capital markets industry; leading to the acquisition of the properties and favorable financing for exploration.

Cash on Hand. The company has recently completed a second tranche of a non-brokered private placement which will result in the issuance of about 3.8 million shares at a price of 80 cents per unit. Total proceeds from the financing were greater than $3 million.

Tiny Share Structure. Sierra Iron Ore only has about 15 million shares outstanding leaving plenty of room for growth of its $9.8 million market capitalization.

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