1.6mm (1/16") is thick enough for only a thin blade like a paring knife.You didn't say what kind of stainless it is,so it may not be martensitic stainless,which is the kind that can be used for knives.The blade would have to be heat treated by someone set up to do stainless,and they would not know what it is either.(is there a number printed on the metal?)
I would save this thin stuff for something else later on,and get a piece of 1/8" (3mm) O-1 to make your first knife with.It will only cost a couple of dollars.
Stacy