Current mineral-resources at Hopeavuori gold-deposit in the Tampere area
is estimated to 238.000 tons at a gold grade of 3.8 g/ton. Achieved
results show that Hopeavuori´s gold-deposit has potential for
significant increase of mineral-resource.
About 500 meters west of Hopeavuori´s main deposit, there is a smaller
deposit Hopeavuori West. Current amount of gold-bearing rock is
estimated to about 50.000 tons at 1.3 g/ton gold. This area will be
included into next investigation-phase together with the area between
the targets.
Both resource estimates belongs to the category inferred, according to
JORC Code 2012. A cut-off at 0.5 g/t gold and no top-cut has been used.
Resource- models have been prepared on basis of drilling, geophysical
investigations and three-dimensional modelling.
Concentration-properties of Hopeavuori´s gold-bearing deposits have been
investigated at the Mineral Technology Laboratory of Geological Research
Center. The sample was a 71 kg sample collected from diamond-drill
cores, where average gold-content was 4.62 g/t.
The mineralogical study was done with a hydro-separation method to
detect the gold- amenable for gravity-concentration. With a gold-grade
of 3718 g/t at a recovery of 5.7 % the heaviest fraction was detected.
In the bench-scale gravity-separation test on a shaking-table a
gold-grade of 228 g/t at a recovery of 18.7 % was obtained. Rougher
flotation on the gravity-tailing yielded to a bulk-rougher concentrate.
The gold-grade of the concentrate was 72.7 g/t and the gold recovery
74.9 %. In direct rougher flotation the bulk concentrate showed a gold
grade of 80 g/t at a recovery of 92.9 %.
Concentration tests indicate that it is possible to prepare gold
concentrates, while additional investigation-tests will be needed in
order to optimize the concentration-process.
Look: http://www.silver.fi/sivu/en/reports\_and\_drilling\_results/
”I am very pleased with the results of the investigations of the
Hopeavuori gold-occurrence. They indicate that along with further
investigations the deposit has potential to become a significant
exploitable deposit. These investigations is the first step in
developing our gold-targets in the Tampere area and creates trust into
the potential of our targets in this area” says Timo Lindborg.
Stockholm, 22nd December 2014
Sotkamo Silver AB (publ)
Timo Lindborg, CEO
The independent consultant Dr. Jyrki Parkkinen, Doctor in Geology,
EURGEO 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
