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Silver Capital AG Reports Results of the Soil Geochemical MMI
Sampling Survey From the Ruostesuo Project in Finland |
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BUTZBACH, GERMANY--(Marketwire - April 28, 2008) - In summer and late
autumn 2007 two extensive soil MMI-surveys have been carried out on
the Ruostesuo property in central Finland. In total, 354 samples have
been taken and submitted to the ISO-accredited laboratory SGS Mineral
Services in Toronto for analysis of the elements Zn, Pb, Cu, Ag, Au,
Ba, As, Ba, Cd and Te. After a long delay due to the current
extremely long turnaround times of all renowned laboratories
worldwide, all assay results have received just a few days ago.
As expected, a strong anomaly follows the known
zinc-copper-silver-gold mineralization, which is partly outcropping
at surface. An especially positive surprise is the existence of a
strong geochemical anomaly which is much larger in extent than the
known mineralization. In addition to this anomaly, other new
geochemical anomalies north, south and east of the known
mineralization lead on to the possibility of identifying more yet
undiscovered ore bodies.
The Mobile Metal Ion Technology(TM), called MMI, was developed by
Wamtech Pty Ltd in Australia (www.mmigeochem.com) in order to
discover deeply buried mineralization by surface soil geochemical
means. Mobile metal ions are derived from underlying mineralization
and are loosely attached to surface soil particles from where they
can be selectively leached and measured by ICP-MS (Inductively
Coupled Plasma Mass Spectrometry). Compared to classical soil
geochemical surveys, the MMI anomalies are sharply bounded and, in
most cases, directly overlie and define the surface projection of
buried primary mineralized zones. Worldwide, a number of base metals,
precious metals, uranium and diamond discoveries have been made using
MMI.
Silver Capital AG is the first private German based investment
company with the main focus on the precious metal silver. The IPO or
listing on the Frankfurt Stock Exchange is planned now for the end of
2008. After approval of the prospectus by the BaFin (Federal
Financial Supervisory Authority) at the end of March 2008, an initial
public pre-ipo equity placement is currently being carried out at a
fixed price of EUR 2.50 per common share.
Contacts:
Silver Capital AG
Woernergasse 5
D-35510 Butzbach-Hochweisel
+49-6403-7790639
+49-6403-7790618 (FAX)
Email: info@silvercapital.de
Website: www.silvercapital.de
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