Black Iron has announced further assay results of the definition and exploration (DE) diamond drill campaign carried out at its Shymanivske Iron Ore project located in Ukraine.
The company is encouraged continuously by the infill drilling results and the thick iron band intercepts in every hole along grades more than 30% iron.
The company encountered 28.9% iron over 35.7 m in hole BISH-8, 34.1% iron over 56.7 m and 32.7% iron over 104.3 m in hole BISH-9, 33.6% iron over 14.3 m in hole BISH-10, 32.0% iron over 42.2 m in hole BISH-11 and 31.1% over 43.5 m in hole BISH-12.
The five holes are drilled as a part of a 20,000 m DE program, which was commenced by Black Iron during October 2011. The DE diamond drill campaign is specifically designed to revise the mineral resource categorization in order to consider a large in pit mineral resource calculation in the current feasibility study. The focus of this program will be on exploration holes drilled at the property’s north end, wherein it is believed that further mineral resource may occur that has not been mined so far.
GeoResources based in Ukraine has been contracted by the company to carry out the drilling program. Black Iron has contracted Ukraine-based Mekhanobrchermet, Research Institute of Mineral Processing in Ferrous Metals, to conduct independent metallurgical test work on the recovered drill core.
Source: http://www.blackiron.com/