HIGH SILVER- AND GOLDVALUES WERE ENCOUNTERED IN DRILLING AT

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jan 26, 2015 at 3:15 AM

HIGH SILVER- AND GOLDVALUES WERE ENCOUNTERED IN DRILLING AT THE DEEP EXTENSION OF THE SILVERMINE DEPOSIT

Sotkamo Silver had conducted a diamond-drilling campaign at the Silver Mine to further investigate about the ore-formation, explore the depth-extension and to drill holes for new electricity-cables between the mine-levels. All drilling was underground drilling. 13 holes and a total of 2 502 meters were drilled. Drilling was carried out with NQ equipment, which gives a 50,7 mm core in diameter. The mine’s electricity-system were improved by installing two new cables in separate holes between levels +84, +175, +255 and +330. This enabled the construction of new power stations at each level. Holes TU 6 and TU 7 were drilled to confirm continuity of the deposit. The four holes TU11, TU 20, TU 18 and TU 76 were drilled to investigate the lower part of the deposit and the continuity downwards. One long hole, TU 1 was drilled to investigate the reason of the geophysical anomaly that extends south from the main deposit. Locations of holes are given in attached picture-compilation. Table 1 shows the assay-values of the best intersections in the drilled holes. See also picture 1. Drill-hole TU 1 was drilled from the deepest part of the production-tunnel to clarify reasons of the geophysical anomaly defined by earlier Sampo-surveys. In the depth of 611-615 meter the semi-massive sulfide-zone was intersected containing 9 % sulfur and 1.1 % zinc. In the depth of 808 -810 meters there is a 2 meter intersection containing 152 g/t silver and 0.6 g/t gold. These observations are 200-300 meters apart from earlier known ore-deposit model. This indicates a widespread occurrence of ore-forming processes and high ore potential of the area. Holes TU 6 and TU 7 were drilled to confirm the continuity of the mineral resource. In both holes silver-grades above cut-off value of 50 g/t silver was found. Holes TU 11, TU 18, TU 20 and TU 76 were drilled in the lower part of the known deposit and below it. Holes TU 11, TU 18 and TU 20 intersect the silver mineralisation, which exceed the cut-off-value and confirm the continuity of the deposit and will increase the mineral-resources. Hole TU 76 is one of best holes drilled in this part of deposit, about 100 meters below earlier observations. The core contains a 17,5 meters intersection with 266 g/t silver and 0,73 g/t gold. Inside this intersection the best part contains 411 g/t silver and 1,2 g/t gold at a length of 7,65 meters. The actual width of the intersected layer is about 5 meters as the intersection is oblique. Drilling results confirm the deep extension of the silver deposit and that ore forming processes have been extensive. ”I am very pleased that we have been able to confirm that silver deposit continues downwards. Especially increase of gold values are a good sign. These results give remarkable new information of deposit structure and ore potential of depth continuation. I am convinced that these actions and continuous improvement are key to our success and future development of Sotkamo Silver” says CEO Timo Lindborg. (for graphic, see attached file) Picture 1. Mineralized lenses containing more than 0,3 g/ton gold are presented in the upper part of the picture. In lower part Sampo-anomaly, interpreted from a geophysical survey, indicates conductive layers. Drill hole TU 76 intersects the conductive layers about 100 meters below earlier observations along with17.5 meters with 266 g/t silver and 0.73 g/t gold. Sotkamo Silver AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act The official Stock Exchange Releases are given in Swedish and there may be slight differences in the translated versions. (for tables, please see attached file) Table 1: The best intersections in the drilled holes from core-drilling campaign Autumn 2014. Stockholm Sotkamo Silver AB (publ) Timo Lindborg, CEO About Sotkamo Silver AB: Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regards to human society and environment. Sotkamo Silver owns, through its subsidiary mineral deposits, which contains silver and gold in Finland. The Company’s main development project is the Taivaljärvi Silver Mine. 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 and SOSI1 in NASDAQ OMX Helsinki. ISIN-code for Sotkamo Silver shares is SE0001057910.. Company\'s press releases and financial reports are distributed via NGM and are available on www.silver.fi Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Teamsters Strike: Chicago Parking Dispute Unfolds

Union Rumble: Parking Showdown in Chicago In the windy streets of Chicago, nearly 1,200 members of Teamsters Local 727 are striking, and folks, it's not just about parking cars. These workers have thrown down the gauntlet against parking operators throughout Chicagoland. They're not just peeved with a bad offer—they're downright firing back at labor law violations,...

Business Formations in 2026: A Blow-by-Blow Analysis

Surging Entrepreneurial Spirit in 2026 Just when you’d think economic jitters would slow us down, American entrepreneurship is out there smashing records like a bulldozer through a picket fence. September 2026 saw a staggering 562,579 new business formations—the highest September tally ever logged. That's no fluke. This momentum hasn’t let up all year, and it paints...

Abracon Unveils Engineer-Focused Website Features

Pushing the Needle in Digital Engagement Some days, the market talk brews hotter than a Texas barbecue, and today it’s Abracon serving up something new. They're tossing engineers a fresh digital bone with revamped website accounts. No bells or whistles, just a clean shot at making techies' lives easier as they tinker and design. It's a world where getting your hands on...

Autoliv Snaps Up MCF Safety Belts to Boost Growth

Strategic Moves in Vehicle Safety Listen up! Autoliv is playing its cards right by snatching up Italy's MCF Safety Belts. Even for us with skin in the automotive game, it's clear why this matters. We're not talking just any acquisition, but one that steers Autoliv beyond conventional passenger cars. By grabbing MCF's niche expertise, Autoliv is showing it's ready to...

Yuhang's Innovative Tech: Journalists Get A Front Row Seat

A Sneak Peek into Yuhang's Technological Leap Imagine strolling through a place where technology and nature coexist in harmony. That's exactly what journalists from around the globe got to experience during their recent jaunt to Yuhang District in Hangzhou. We're talking about reps from South Korea, Turkey, the U.S., and even Cuba getting a firsthand look at Yuhang's...

Orvana's Bolivian Ramps & Covenant Pressure

Orvana's Uphill Journey in Bolivia If you've been tracking Orvana Minerals (TSX: ORV, OTCQX: ORVMF), you know their Bolivian subsidiary, EMIPA, is in the thick of things. Filtration fixes are making noise, and EMIPA's scrambling to get its financial ducks in a row with some urgent maneuvers. Aiming Higher with Don Mario Orvana's Don Mario plant is trucking along with its...

Pudu Robotics: Mowing lawns, Automating Homecare!

Scaling Down: Robotics Meet Your Front Yard Imagine kicking back with a cold one while your new fancy robot takes care of the lawn. Sound like a sci-fi fantasy? Nope, that's the reality Pudu Robotics is peddling with their PUDU TOMO S Series. And boy, they're promising a lot more than just a breather from weekend chores. From Corporate Corridors to Quiet Suburbs Pudu's...

Tennessee Highlights Alarming COPD Rates This November

Tennessee Turns the Spotlight on COPD Here we are again, looking at Tennessee with its weary lung health woes. Governor Bill Lee's newest proclamation for November as COPD Awareness Month is shining a light on a crisis that's been disproportionately hitting the state harder than a sideswipe from a semi. Why the Proclamation Matters Let's cut through the fog—COPD,...

Gore Mutual Speeds Up Decisions with ProNavigator

Efficiency at the Core of Insurance Operations Gore Mutual Insurance is flipping the script on efficiency in the insurance world. They’ve embedded Guidewire’s ProNavigator right into their claims and underwriting systems to make fast, accurate decisions the new norm. No more scrambling around multiple screens, hunting down policy info—it’s like giving their staff...

Moberg Pharma Secures U.S. Patent for MOB-015 Innovation

Moberg Pharma's Fresh U.S. Patent: A Game Changer? Moberg Pharma just snagged a U.S. patent for their whiz-bang dosing of MOB-015. Yup, the FDA’s go-ahead is still out of reach, but this patent is like hitting a full house on the river—sweetening the pot significantly. It's all about onychomycosis, or nail fungus, if you're not up on your medical terms. With patent...