GROUNDWORK CONTINUES AND CONSTRUCTIONPLANNING HAS BEGUN
Sotkamo Silver has since autumn 2016 prepared the Silver Mine for production by building a new access road to the site for heavy traffic and other roads to the mine area, totally two kilometres have been added.
Necessary ground works to remove top-soil from the ground have been done and irregularities in the ground have been levelled. Construction of an access road to the tailings storage facility has begun and preparation for production of the existing production tunnel proceed per plan.
In addition, Sotkamo Silver has signed an agreement concerning foundation planning of the plant together with the local company, Suunnittelutoimisto Määttä and a Letter of Intent relating to the plant´s technical detailed planning together with Sweco Industry Ltd. Planning works has already begun.
The Company prepare at the same time several other important equipment procurements for the project.
" By continue preparatory work and by initiating planning work early the Company can implement this in a cost-effective manner", says CEO Timo Lindborg.
Stockholm, April 6th 2017
Timo Lindborg, CEO
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 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 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.
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ OMX Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
ISIN- code for share warrants series 2016/2017 are SE000837388.
The Warrant gives the right to subscribe for one (1) share at 4 SEK in August 2017.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93.
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi
The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi .
For further information please contact Timo Lindborg, CEO on +46-8-304920.