– Flowsheet modifications result in 26% production rate increase from 7.3Mtpa to 9.2Mtpa – Process bottleneck at the primary grinding stage shifted through use of high pressure grinding rolls – Additional flowsheet changes further enhance downstream process – Optimized process flowsheet will be incorporated in the feasibility study which is anticipated in the fourth quarter 2012
– Assay results from holes BISH-59 and BISH-70 continue to confirm iron content and band lengths in the mineral resource – Bish-59 intersected 32.0 meters grading 33.6% iron and 38.0 meters grading 31.0% iron – Work on an updated 43-101 compliant mineral resource report is well underway and is anticipated for the end of the third quarter 2012
– Assay Results from Holes BISH-71 and BISH-72 Continue to Confirm Iron Content and Band Lengths in the Mineral Resource – BISH-72 Intersected 46.5 Meters Grading 35.1% Iron and 20.0 Meters Grading 24.4% Iron – Work on an Updated 43-101 Compliant Mineral Resource Report is Well Underway and is Anticipated for the End of the Third Quarter 2012
– Assay Results from Holes BISH-26, BISH-28, and BISH-29 Continue to Confirm Favourable Iron Content and Band Lengths in the Mineral Resource – All Three Holes Intersected Iron Bands Exceeding 60 Meters in Length With Material Grading in Excess of 30% Iron
– Assay Results From Three Additional Infill Drill Holes at Shymanivske Continue to Confirm Iron Content and Band Lengths in the Mineral Resource – Hole BISH-3 Intersected 97.0 Meters Grading 33.1% Iron Including 55.0 Meters Grading 34.7% Iron
– Assay Results from Three Additional Twin Holes at Shymanivske Continue to Confirm Iron Content and Align Well With Historic Reported Results – All Three Holes Intersected Thick Iron Bands With Iron Grades Exceeding 32% – Hole 21707-T Intersected 163 Meters Grading 33.4% Iron, Including 107 Meters Grading 34.8%
TORONTO, ONTARIO — (Marketwire) — 07/20/11 — Black Iron Inc. ("Black Iron" or the "Company") (TSX: BKI) is pleased to report that it has concluded its confirmation ("twin hole") and metallurgical diamond drill program at its Shymanivske Iron Ore Project in Ukraine. The Company is pleased with the assay results received thus far as they align very well with the historical drill hole data for the Project. Additional assay results are still expected over the comin
