Sierra Iron Ore Corp (NAA.V) updated its legal action against
Paradox Global Resources, which owns and operates an iron ore mine
on the adjacent property to Sierraâs recently optioned Mazomique
property in Mexico.
As previously announced on January 8, 2013, the legal action
claims that Paradox has illegally crossed the property lines and
has been operating and extracting iron ore from the Mazomique
property for resale into the market. The legal action initiated by
Sierra Iron Ore has successfully resulted in the termination of any
further mining operations conducted by Paradox on the Mazomique
Wally Boguski, President and CEO, said: "We continue to
vigorously pursue all legal remedies and will aggressively defend
and protect the company's assets. We are working with the local
court and government authorities at the state and federal levels
and expect full cooperation with a favourable resolution to our
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