Drilling Expands Snowfield Zone
VANCOUVER, BC - Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report that diamond drilling at its wholly-owned Snowfield Project continues to deliver wide intersections of gold-copper mineralization in the Snowfield Zone and expand its dimensions. The property is located 65 kilometers north of the town of
The Snowfield Zone is the subject of an infill and exploration drilling program with four drills onsite and a minimum of 20,000 meters planned in this area of the property. The primary goals are to upgrade previously reported inferred gold resources and to better define the extent of the mineralization discovered to date. Another three drills, to complete a minimum of 8,000 meters, are focused on the Brucejack area to the south.
Of the latest 10 Snowfield Zone holes reported here, most were collared on the periphery of previously-defined, higher grade mineralization. However, MZ-41, which expands the zone 100 meters to the northwest, intersected 502 meters averaging 0.94 grams of gold per tonne (1,647 feet averaging 0.027 ounces of gold per ton) and 0.20% copper and included 120 meters averaging 1.14 grams of gold per tonne (394 feet averaging 0.033 ounces of gold per ton) and 0.24% copper.
Holes MZ-42, MZ-48 and MZ-49, drilled on section 100 meters east of the most recent resource envelope, all intersected gold-copper mineralization and expanded the zone.
The most recent resource update for the Snowfield Zone (see news release dated February 3, 2009) reported measured and indicated resources totaling 4.4 million ounces of gold and inferred resources of 14.3 million ounces of gold based on a cut-off grade of 0.5 grams of gold-equivalent/tonne.
The company’s address is