Silver Capital AG

Silver Capital AG

April 28, 2008 07:41 ET

Silver Capital AG Reports Results of the Soil Geochemical MMI Sampling Survey From the Ruostesuo Project in Finland

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™, 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.

Contact Information