Black Iron

Black Iron Public Hearing to Obtain Surface Rights at the Shymanivske Project Completed & Iron Ore Prices Rising

2017-01-23 04:03
TORONTO, ONTARIO–(Marketwired – Jan. 23, 2017) – Black Iron Inc. (“Black Iron” or the “Company”) (TSX:BKI)(FRANKFURT:BIN) is pleased to announce that, as required by local law, a public hearing to obtain feedback on the city of Kryviy Rih’s plans to include the surface rights for the area upon which Black Iron’s Shymanivske project resides (the
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Cubed
Investor Relations
+1 (647) 258-3311 or Toll Free: 1 888 258 3323

Black Iron Inc.
Matt Simpson
President & Chief Executive Officer
+1 (416) 309-2138
info@blackiron.com



Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production. This Shymanivske Project contains 345 million tonnes measured and indicated resources grading 32% iron and 469 million tonnes inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal’s iron ore complex. Existing infrastructure, including access to power, rail and port facilities, allows for a quick development timeline to production.

Black Iron also holds an exploration permit for the adjacent Zelenivske Project, which it intends to further explore to determine its potential.



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