MEASURED AND INDICATED MINERAL-RESOURCES INCREASED SIGNIFICANT FROM 3.5 MILLION TONS TO 6 MILLION TONS RESOURCES AT THE SILVER MINE.

        Print
| Source: Sotkamo Silver AB
multilang-release
Sotkamo Silver is pleased to announce that the amount of measured and indicated
mineral- resources have increased by 70 % in terms of tonnage, or with 57 % in
terms of amounts of silver, using a cut-off at 50 g/t silver at the Silver
Mine.


Measured and indicated mineral-resources have increased from 10.3 million
ounces to 16.2 million ounces and from 3.5 million tons to 6 million tons
resources.

Resources-increase are due to re-interpretation of geology based on results of
extensive sludge-drilling program with significant new silver-rich drill
intersections during 2013. Special attention in modelling has been paid on
geological continuity, which creates larger mineralised bodies. In the mine
planning procedure, this gives an opportunity to schedule mining-operations in
a way where ores with highest silver-contents will be mined during first years.
This improves the profitability of the planned mining-operations. The deposit
is open at depth and based on geophysics. The geological formation with same
properties continues below presently known 550 meter level all the way down to
at least 1.500-2.000 meters.

The updated mineral-resources are based on the 2013 completed sludge-drilling
program and have been estimated in accordance with the guidelines of the JORC
Code (2004). Based on these figures mine-plan and ore-reserves will be up-dated
during Q1/2014.

Total Mineral Resources as of January 15th 2014 are shown in the table below at
a 50g/t Ag cut-off grade.

[Sosi_14012]

 

 “I am very pleased with these excellent results. The significant increase in
measured and indicated mineral-resources means that Sotkamo Silver's mine-plan
can be up-dated and I expect that it will be ready during first quarter of
2014.” says Timo Lindborg, CEO of Sotkamo Silver AB.

 

Stockholm, January 28, 2014

SOTKAMO SILVER AB (publ.)

Timo Lindborg, CEO

 

The independent consultant Dr. Jyrki Parkkinen, Doctor in Geology, EURGEO. He
holds Qualified Person status under “The European Federation of Geologists”
(EFG) has conducted the mineral resource estimation. Dr. Parkkinen is
completely independent from the Company and he does not hold any shares in
Sotkamo Silver.

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.

 

 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