Canadian iron-ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) believes that construction could begin at its ultra-high-grade Shymanivske Iron Ore Project in Ukraine at the end of the year. A recent article discussing the company reads, “In an upbeat discussion with NNW’s Stuart Smith last month, CEO Matt Simpson, P.Eng., reminded stakeholders of the great strides that Black Iron made in 2018 and the huge leaps that the company is making this year (http://nnw.fm/lFPk2). . . . . ‘We had some major milestones . . . with our real focus on relaunching the company,’ Simpson said in the NNW interview, adding that Black Iron is looking at an ideal construction start date by the end of 2019. Discussions to secure the surface rights for the project are ‘well advanced,’ he added.”
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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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