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

CSS Revamps Identity, Emphasizing Senior Living Tech

CSS Takes a Bold Step with a Fresh Brand Identity Every now and then, you see a company shake off the old coat and put on a polished new one. That's what CSS is doing with its updated brand, staking its claim as a heavyweight tech player in the senior living sector. No small feat, given the challenges stacked against these aging communities—tasked with keeping...

G-STAR & Wu-Tang Clan Unleash Denim Fusion

Denim and Old-School Beats: A Fresh Partnership Just when you think fashion collaborations have run their course, along comes something worth the buzz. This fall, G-STAR, the edgy Dutch denim frontrunner, and the legendary hip-hop collective of Wu-Tang Clan are shaking up the apparel scene, blending raw denim with raw rap. It's a multi-year collaboration that doesn't slap...

Postal Connections Expands with New Hillsboro Opening

Expanding Horizons in Hillsboro In the world of postal and office services, Annex Brands, Inc. is making headlines by launching yet another Postal Connections spot, this time planting its flag in the tech-centric town of Hillsboro, Oregon. Spearheaded by Jason Rautenkranz, this expansion is more than just another dot on a map—it's a strategic push into one of the...

Lumicell Expands LumiSystem in Breast Cancer Surgery

Innovation in Breast Cancer Surgery: A Real-World Game Changer? You’ve got your flashlight guiding a scared child through the dark, and in the healthcare world, Lumicell is promising to do just that for surgeons navigating the tricky maze of breast cancer surgery. Their LumiSystem is making waves in breast-conserving surgery—new kid on the block with a real chance at...

MSP360 Unveils Free Proxmox Backup: A Game Changer?

Backing Up: New Paths for Proxmox Users Ever get that feeling of uncovering something truly worth its weight in gold? That's what MSP360 just dropped on us, with their new backup solution for Proxmox that won’t cost you a dime upfront. They're calling it the Community Edition, and it’s not only free, but it comes with all the bells and whistles for protecting those...

Alcott HR's Sales Strategy Gets a Boost with New Hire

Alcott HR Ramps Up Sales Firepower Now here's something fresh from the world of human resources outsourcing—Alcott HR has grabbed a new ace for their sales team. Eldin Radoncic is the name you'll want to remember, folks, because he's diving headfirst into the Director of Sales seat at this IRS Certified and ESAC Accredited player based out in good old Farmingdale, New...

RxWellness Hits Inc. 5000—Four Straight Wins Impress

RxWellness Spine & Health Continues to Impress Well, not many companies can boast about snagging a spot on the Inc. 5000 list four years in a row, but here we are with RxWellness Spine & Health doing just that. Sitting pretty at No. 1,230 nationally—and that's no small feat—these folks are making waves in the healthcare industry. Securing the No. 135 spot in...

Orthopedic Expert Highlighting Midwest Pain Access Gaps

Over in the vast sprawl of rolling plains and prairie winds, folks in the Upper Midwest are grappling with an ironic reality. As technological advancements blaze trails, people suffering from vertebrogenic pain are finding themselves up against a wall of limited access to specialized care. We’ve got Dr. James T. Brunz, the man of the hour, one of only about 15 Intracept...

TWP & Commbi Unveil Exclusive Pony Clog Collaboration

A Fusion of Fashion and Functionality Walk down the streets of New York or hustle your way through an airport without worrying about your footwear weighing you down. That's the promise coming from the fresh alliance between TWP and Commbi with their new Pony Clog Collaboration. A blend of high fashion and everyday utility, these clogs aren't just keeping up with the...

Perk's U.S. Expansion: A Bold Move in Spend Control

Perk Aims for U.S. Growth: Will It Pay Off? Amidst the cacophony of market chatter, Perk's announcement to bring its spend platform stateside is echoing louder than usual. This move is not just another step in its expansion but rather a leap considering the competition and market needs. In Europe, where they've already captured a chunk of the market with their Travel and...