Sierra Iron plans drill program for Q3
SIERRA ANNOUNCES DRILL PROGRAM
Sierra Iron Ore Corp. is presently analyzing its geochemical results for the purpose of confirming suggested mineralization trends.
This analysis will be followed by prioritization of its identified anomalies in preparation for third quarter diamond drilling. The company will be putting out tenders for diamond drilling of previously unidentified anomalies located on its optioned ground in Western Ontario.
The Ni-Cu (nickel-copper) PGM (platinum group minerals) anomalies appear to be supplemented by Fe (magnetite) plus Au (gold). Sierra fully expects the drilling to commence in the third quarter.
The geological content of this press release was evaluated and approved by Frank Puskas, PEng, MSc, a qualified person as defined by National Instrument 43-101,
The company has also granted 1,769,855 stock options to directors, officers and consultants under its stock option plan. The options may be exercised at a price of 55 cents for up to five years, subject to vesting restrictions and percentage limits imposed by regulatory requirements or the plan.
http://www.sierrairon.com/news.html
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