Trading in Sotkamo Silver AB shares starts at NASDAQ OMX Helsinki on July 17th 2012.
This summary contains forward-looking statements, forecasts and estimates. Indications of, and guidance on future earnings and financial position and performance are also forward-looking statements. The statements and estimations are subject to risk factors associated with the mining industry. These forward-looking statements, opinions and estimates are not guarantees of future performance.
THE MINERAL RESERVES OF TAIVALJÄRVI SILVER MINE
The Reviewed Mineral Reserves of Taivaljärvi Silver Mine :
The review work was done by Pekka Lovén, MSc(Mining), MAusIMM(CP) of Outotec (Finland) Oy, a Competent Person as defined by Joint Ore Reserves Committee (JORC, 2004).
Below: Draft Mining Plan
Deep penetrating Sampo -geophysical survey
The survey shows clearly that anomalous region coincides with the same geological structure where the Taivaljärvi mineralization is situated
Electromagnetic deep anomaly extending from the known Taivaljärvi silver-deposit towards south east to the depth of 1 000 m and 1 000 meter in strike.
According the survey the Taivaljärvi mineralisation extends to at least to 1 000 meters below surface. It has earlier been confirmed that it continues to 550 meters. The EM survey clearly shows that the anomalous region coincides with the geological structure. Results from these methods show that a strong electromagnetic anomaly is situated as a direct continuity of the Taivaljärvi deposit and extends to the depth of 1 000 meters. The Gefinex-survey also shows that the surveyed anomalous region lies between a 600 -1 000 meters level and the strike length of the anomalous area is at least 1 000 meters.
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Business Concept, Objectives and Vision
The business concept of Sotkamo Silver AB is to develop profitable silver, gold and zinc deposits, primarily in Finland, and to move to project to the actual industrial mining production. The company will initially prioritise silver production. Read more »
Silver has been used for thousands of years as ornaments and utensils, for trade, and as the basis for many monetary systems. Of all the metals, pure silver has the whitest color, the highest optical reflectivity, and the highest thermal and electrical conductivity. Also, silver halides are photosensitive. Owing to the above properties, silver has many industrial applications such as in mirrors, electrical and electronic products, and photography, which is the largest single end use of silver. Silver's catalytic properties make it ideal for use as a catalyst in oxidation reactions; for example, the production of formaldehyde from methanol and air by means of silver screens or crystallites containing a minimum 99.95 weight-percent silver.
- Silver is a unique precious metal
- Silver price has high correlation with the gold price
- Produced primarily as a by-product
- Significant industrial applications
- Silver is a store of value
- Physical silver demand has risen significantly over the past years which reflects strong investorinterest
- ETF demand continues at record levels
- Silver is a versatile industrial metal
- New uses are developed all the time
- Relied upon in advancement of developed and emerging economies
- Increase in demand every year since 2001 – 2011 despite a rising silver price
- Demand is relatively inelastic to the price
- With strengthening global economy, strong recovery in industrial demand