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Black Iron Up More Than 10% on Ukraine Drill Results

Black Iron Inc. (BKI.TO) is up more than 10% after reporting additional assay results from its recently completed confirmation and metallurgical diamond drill program at its Shymanivske Iron Ore Project in Ukraine. The company said it continues to be encouraged by the results of the drill holes and the intersection of thick iron bands in each hole and iron grades of 30% and greater. Twin holes 12009-T and 20287-T intersected 88.9 meters grading 32.2% iron and 78.2 meters grading 30.9% iron respectively.

George Mover, Chief Operating Officer of Black Iron, said: "The results received from the twin hole program to date validate the historical work completed on Shymanivske. We are very pleased the assay results align well with the historical drilling, both in terms of iron grade and band length."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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