Canadian iron-ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) is seeing 2019 as a pivotal year in a market experiencing increased demand. A recent article discussing the company and its Shymanivske Iron Ore project reads, “The Canadian iron-ore exploration and development company is looking forward to the initiation of construction at the iron-ore project in Ukraine. The ultra-high-grade, iron-ore mine is situated in the southern part of the KrivBass iron-ore mining district. The region is highly developed, and it features all of the necessary infrastructure for sustainable, cost-effective iron ore production.”
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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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