Nevada Iron Announces First Pass Drilling Results From Section 27 Indicate Broad Iron Mineralisation From Surface With High Grade Core-Amended

PERTH, WESTERN AUSTRALIA--(Marketwired - July 23, 2014) -

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Nevada Iron Ltd (the Company) (ASX:NVI)(TSX:NVR) is pleased to announce drill results from its first pass drill program over the Section 27 prospect at the Buena Vista Iron Project in Nevada, USA. Section 27 is located approximately 5.1km to the northeast of the proposed processing plant, and 3.5km to the northeast of the proposed primary crusher location at the Section 5 pit (Refer Figure 1).

Ground mapping over the Section 27 prospect has identified an area 800m long by an average width of 180m wide with an extensive magnetite surface float. The first phase of drilling has covered approximately 60% of the strike length and indicates that the mineralisation is open to both the north and south, and at depth.

Results include:

• 33.5 metres grading 20.1% Total Fe in hole 2714-002
• 76 metres grading 22 % Total Fe in hole 2714-003, including 9.7m grading 52.1% Total Fe
• 30.4 metres grading 21.9% Total Fe in hole 2714-004
• 80.8 metres grading 23.4% Total Fe in hole 2714-006, including 6.5m grading 51.8% Total Fe and 3.2m grading 60% Total Fe
• 73.1 metres grading 20.0% Total Fe in hole 2714-009

To view the full announcement please click the link below:

http://www.nv-iron.com/2011-08-15-01-49-08/asx-releases

ABN 98 123 423 987

Nevada Iron Limited
Michelle McAuliffe
[phone]
[e-mail]
www.nv-iron.com