Black Iron

UKRAINE’S PRESIDENT STATES STRONG SUPPORT FOR BLACK IRON’S DEVELOPMENT

2019-07-03 22:03
TORONTO, CANADA, July 3, 2019 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI) reports, Ukraine’s recently elected President, Volodymyr Zelensky, made several highly supportive statements regarding development of Black Iron’s project at an Economic Club of Canada event today after having identified Black Iron as an important project his Government supports at
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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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