DRILLING RESULTS FROM THE HOPEAVUORI GOLD DEPOSIT
The Hopeavuori gold deposit is situated in Valkeakoski, Tampere area. The Geological Survey of Finland has been exploring the deposit in the 1990’s. Sotkamo Silver acquired the exploration license over the area and conducted additional assaying of the old drill core in 2014. Mineral Resource estimate has been prepared. Concentration tests of the drill core sample yielded good gold recoveries and concentrate quality.
Six core drill holes were drilled in November 2017 at Hopeavuori, totalling 535.20 meters. Drilling was conducted using NQ core. Drill core samples were prepared at the CRS Laboratory in Kempele, Finland and assayed at the ActLabs Ltd. in Canada. Gold was assayed by Fire Assay AA-method and other elements (38 in total) by ICP-OES after Aqua Reqia leach.
The results of the drilling campaign confirmed the continuation of the deposit to the west and the mineralization is open to that direction. In the area of the earlier known deposit, the encouraging intersections confirmed the view on continuation and outlines of the mineralization.
Drill holes HV-17-05 and HV-17-06 were drilled about 50 meters to the west of the known deposit. Drill hole HV-17-05 intersected at the depth of 85.4-94.2 meters gold deposit at average grade of 1.4 g/t Au. The best subsections were 7.2 g/t (92.4-93.4 meters) and 4.5 g/t (93.4-94.2 meters). The best interval in the hole HV-17-06 was 1.5 g/t at the depth of 47.0-50.0 meters.
Drillhole HV-17-03 intersected 7 meters at average grade of 5.7 g/t (49.6-56.6 meters) and HV-17-01 intersected 5 meters at average grade of 3.0 g/t. Both holes are situated in the Southern edge of the mineralization and strengthen the view of the continuation along depth.
”The results of the drilling campaign show that the gold grades are comparable to previous results and are good. The best part of the deposit continues to the west and the depth. We will continue our exploration works in Tampere area and Hopeavuori” says Timo Lindborg, CEO Sotkamo Silver.
Stockholm, February 26th, 2018
Sotkamo Silver AB (publ)
Dr. Tech. Timo Lindborg, CEO
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507
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, on February 26th, 2018, at 08.45 CET.
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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.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
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