Press releases

31. July 2017 09:45

SOTKAMO SILVER: HIGH SILVER AND GOLD CONCENTRATIONS AT THE INFILL DRILLING OF THE SILVER MINE

Infill drilling campaign was undertaken at the Silver Mine in May-June 2017. A total of 12 diamond drillholes for a total length of 1 457,45 meters were drilled from the underground decline. The drilling was conducted with WL-66 equipment producing 50,5 mm core. Until now, eight holes have been analysed, and the rest are expected to be available in the coming weeks. The Mineral Resource and Ore Reserve estimates will be updated once all the results are available. In addition to high silver and gold concentrations, also lead and zinc rich horizons were intersected

The objective of the infill drilling was to investigate the continuation of the high-grade zones along the strike and increase ore reserve but also confirm the outlines of the ore deposit and improve the confidence of the ore model.

The summary of the best intersections is given in attached table 1 and the location of the drillholes is shown in picture 1.

Drillhole TU17-04 was drilled between the planned stopes at the depth of ca. 350 meters. The hole intersected 11 meters of ore at average grade of 233 g/t silver, 0,43 g/t gold, 1,44% lead and 1,94% of zinc. The best one meter interval contained 914 g/t silver, 0,92 g/t gold, 6,81% lead and 4,85% zinc. The location of the hole is shown in picture 1, and this is will be subject to stope planning and future production.

Drillholes TU17-05 and TU17-07 were drilled to investigate the gold-rich horizon which has been intersected in the earlier drilling campaigns. The horizon is on the lower edge and below the current ore model. Both holes intersected gold- and silver-rich horizons. The best two meter intersections were 253 g/t silver and 6,26 g/t gold (TU17-05 at 165,00-167,00) and 275 g/t silver and 1,62 g/t gold (TU17-05 at 29,00-31,00) The best intersection of TU17-07 was at the depth of 120,00-122,00 containing 220 g/t silver and 0,52 g/t gold. This interval contained also 3,93% lead and 6,96% zinc.

The high silver- and gold concentrations confirm the earlier indications (for example TU39 and TU76) of the continuation of the deposit to the depth along the lineation and significant gold concentrations at depth.

Sotkamo Silver’s drilling program are under the supervision of Erkki Kuronen. He is a member of Australasian Institute of Mining and Metallurgy (MAusIMM), Competent Person status in accordance with the JORC Code (2012).

“These drilling results bolster my understanding concerning possible areas of Mineral Resources with higher metal and gold contents below the known Ore Reserve.” Says Dr Timo Lindborg, CEO Sotkamo Silver

This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8:45 CEST on July 31th, 2017. Contact person Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507.

The results from the first eight holes of the drill program are available on our website: http://www.silver.fi/sivu/en/reports_and_drilling_results/

The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.

Stockholm July 31th 2017

Sotkamo Silver AB (publ)
Timo Lindborg, CEO
      

Table 1: The best intersections.


Picture 1: Decline, planned stopes and drillholes of this campaign (green) in long section of the Silver Mine. The best intersections of this campaign and earlier holes TU39 and TU76 shown in the picture.

About Sotkamo Silver AB

Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver and gold in Finland as well as zinc and gold in Norway. The Company’s main development project is the Silver Mine project in the municipality of Sotkamo.

Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101 code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.

The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ OMX Helsinki.

ISIN-code for Sotkamo Silver shares is SE0001057910.
ISIN- code for share warrants series 2016/2017 are SE0008373880

The number of outstanding warrants are 20,643,198. The Warrant gives the right to subscribe for one (1) share at 4 SEK in August 2017
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93

Read more about Sotkamo Silver on d or www.silver.fi 

The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi