NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Makes Progress to Secure Key Land for Shymanivske Project

Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced that Ukraine’s Ministry of Defence (“MOD”) has developed a plan to transfer the parcel of land originally sought by Black Iron for its Shymanivske iron ore project as a location of the processing plant, tailings and waste rock as outlined in the company’s re-scoped Preliminary Economic Assessment (“PEA”). The parcel of land Ukraine’s MOD proposed to Black Iron in September 2018 was deemed unsuitable from a social and environmental standpoint. However, the newly proposed parcel, owned by Ukraine’s central government and currently used by Ukraine’s MOD for training purposes, is ideal. Its close proximity to the Shymanivske ore body makes it a highly economic choice to minimize incurred costs for hauling ore and waste, and it is located a distance away from any communities and surrounded by operating iron ore mines owned by ArcelorMittal and Metinvest.

To view the full press release, visit http://nnw.fm/X1sf8

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.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

US attorney general says encryption creates security risk

Jul 24, 2019

NEW YORK — U.S. Attorney General Bill Barr said Tuesday that increased encryption of data on phones and computers and encrypted messaging apps are putting American security at risk. Barr's comments at a cybersecurity conference mark a continuing effort by the Justice Department to push tech companies to provide law enforcement with access to encrypted devices and applications during investigations. "There have been enough dogmatic pronouncements that lawful access simply cannot be done," Barr said. "It can be, and it must be." The attorney general said law enforcement is increasingly unable to access information on devices, and between devices in...

How do you teach kids about texting? Bring in the teenagers

Jul 24, 2019

ESSEN, Germany — How do you teach tech-savvy kids to safely navigate the digital world? In Germany, you bring in the teenagers. On a recent day, 18-year-old Chantal Hueben stood in front of a group of fifth-graders and asked them to brainstorm about the messaging program Whatsapp, which most are using to participate in a group chat for their class. They spoke about themes like cyberbullying and what material is OK to post. "Many are not really aware yet of the impact their messages can have on others," says Hueben, dressed all in black except for white sneakers. "We're teaching...

Apple previews new software as it diversifies beyond iPhones

Jul 24, 2019

SAN JOSE, Calif. — Apple, beset by falling iPhone sales, announced upcoming changes to its phone and computer software intended to highlight its new digital services and to further position it as a defender of personal privacy. The revisions previewed Monday during a conference in San Jose, California, included a new feature that will let people log into apps and other services with an Apple ID instead of relying on similar sign-in options from Facebook and Google — two companies that mine data to sell advertising. Apple said it won't collect tracking information about users from that service. As part...

Virtual reality helps police learn to interact with autistic

Jul 24, 2019

WASHINGTON — An autistic man walks out of a store without paying for a toy he picked up. He's followed by a storekeeper demanding he come back inside. The situation quickly escalates, and police are called. Officers arrive, their patrol car's lights flashing and sirens blaring, to find the man in the parking lot, yelling and not responding to their commands. They have a choice: confront the man and risk having the situation turn violent or regroup to figure out a different approach. The scenario is part of a virtual reality simulation for police that's being developed by Axon —...

Anti-groping smartphone app highly popular in Japan

Jul 24, 2019

TOKYO — A smartphone app developed by Japanese police is being widely downloaded by women trying to protect themselves from gropers on packed rush-hour trains. The "Digi Police" app was originally issued by Tokyo police three years ago, but a function to scare off molesters was only added a few months ago. Since then, the app has reportedly been downloaded hundreds of thousands of times — unusual for a government-developed mobile application. Women in crowded trains and other public places in Japan often face sexual harassment, but are typically too afraid to call out for help. With the app, victims...

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com