Black Iron Reports on Ukraine Project

Black Iron Inc. (TSX:BKI,FWB:BIN) reported an update on Shymanivske iron ore project in Ukraine.

Black Iron’s President and CEO, Matt Simpson said:

Our technical and corporate development teams have made significant strides since Black Iron debuted on the Toronto Stock Exchange on March 29, 2011. Our first year as a public company has been very busy with respect to technical and political advancements. We completed a ground gravity and geophysical survey over the Project and identified opportunities to potentially increase the hosted resource size. We conducted a 6,042 meter confirmation and metallurgical diamond drill “twin hole” program that confirmed the accuracy of historical geological data for the Project.

Click here to read the Black Iron Inc. (TSX:BKI) press release.