SOTKAMO SILVER HAS COMMISSIONED THEIR MAIN CONSULTANT COMPANIES TO CARRY OUT A FEASIBILITY STUDY
Sotkamo Silver has commissioned their main consultant companies to carry out a Feasibility Study for the planned start of operations in the Taivaljärvi Silver Mine. The Feasibility Study will represent a sound technical and economical base for further development of the project and is planned to be finalized late December 2011.
Three independent companies will perform the Feasibility.
Wardell Armstrong International (WAI), will as the responsible main consult provide an updated geological resource- and ore-reserve estimates in accordance with the guidelines of the JORC Code. This gives a mine-evaluation, the preparation of economic evaluation of the project and compilation of a Bankable Feasibility Study along with project sign off, incorporating processes, infrastructure and environmental studies undertaken by a leading Finnish Consultants.
Geological Survey of Finland – Mineral Processing provides the pilot test, which fills the gap between earlier bench scale of mini pilot test and full production. Mineral Processing also assist Sotkamo Silver in the process of design and draws up a process flow-sheets, dimensions equipment, assessment of utilisation and investment costs, as well as draw up a layout-plan and generate recovery and grade estimates for the plant.
CTS Engtech provides together with Geological Survey of Finland – Mineral Processing detailed equipment list and estimate processing Capex and Opex cost estimates. CTS Engtech prepare mine-area infrastructure, water treatment, electricity delivery plan and heating infrastructure plans and cost estimates for these.
Sotkamo Silver is performs a diligent economic feasibility study as a final step before the financing decision of the project. Confidence in the future in Taivaljärvi Silver Mine is strong.
Stockholm, August 15, 2011
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 regard 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 shares are traded at the Burgundy market place and NGM Equity in Stockholm.
The ticker symbol is SOSI.
ISIN-code for Sotkamo Silver shares is SE0001057910.
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi
For further information: Dr. Timo Lindborg, CEO, phone: +46-8-30 49 20