BKIRF - NetworkNewsBreaks - Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Advancing Shymanivske Project Development
Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company, is making strides in the development of its 100 percent owned Shymanivske iron ore deposit advantageously located in Kryvyi Rih, Ukraine. An article discussing the company reads, “Black Iron recently announced positive momentum in its search for a parcel of land suitable for the company’s processing plant, tailings and waste rock associated with the Shymanivske project (http://nnw.fm/xA5Gl). . . . In a recent news release, Black Iron noted that Ukraine’s Ministry of Defense (“MOD”) has developed a plan to transfer the parcel of land outlined in the company’s re-scoped Preliminary Economic Assessment (“PEA”) to Black Iron, pending final discussions that include a compensation package to cover replacement and relocation of MOD facilities. The land parcel is owned by Ukraine’s central government and is being used by Ukraine’s MOD for training purposes, per the release.”
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About Black Iron Inc.
Black Iron is an iron-ore exploration and development company, advancing its 100-percent owned Shymanivske Project located in Kryviy Rih, Ukraine. The Shymanivske Project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6 percent total iron and 18.8 percent magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1 percent total iron and 17.9 percent magnetic iron, using a cut-off grade of 10-percent magnetic iron. Additionally, the Shymanivske Project contains 188 Mt of Inferred mineral resources grading 30.1 percent total iron and 18.4 percent magnetic iron. Full mineral resource details can be found in the NI 43-101-compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017, under the company’s profile on SEDAR. The Shymanivske Project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. For more information, visit the company’s website at www.BlackIron.com.
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