Business
Black Iron Announces Filing Of Material Contract
TORONTO, CANADA / ACCESSWIRE / August 9, 2019 / Black Iron Inc. (“Black Iron...
About this update from Black Iron Inc.
[{"type":"text","content":"Black Iron Announces Filing Of Material ContractTORONTO, CANADA / ACCESSWIRE / August 9, 2019 / Black Iron Inc. (“Black Iron” or the “Company”) (TSX:BKI) reports that it has filed the independent contractor agreement dated January 1, 2014 between the Company and Forbes & Manhattan, Inc. (the “F&M Agreement”) on SEDAR under the Company’s profile. Pursuant to the F&M Agreement, Forbes & Manhattan, Inc. provides management, business and operational consulting services to the Company.The dissemination of this news release and the filing of the F&M Agreement on SEDAR have been completed in connection with a continuous disclosure review conducted by staff of the Ontario Securities Commission. About Black IronBlack Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymanivske project contains a NI 43-101 compliant mineral resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 32.0% total iron and 19.5% magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% 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 at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal's iron ore complex. Please visit the Company's website at www.blackiron.com for more information.The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a Qualified Person as defined by NI 43-101. For more information, please contact:Matt SimpsonChief Executive OfficerBlack Iron Inc.Tel: +1 (416) 309-2138 Forward-Looking InformationThis press release contains forward-looking information. Forward-looking information is based on what m...