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Market: TSX, NASDAQ
Sector: General Mining
Epic: TSX:SSO
News: Latest news
Web Site: Silver Standard Resources
Other Articles: 15-09-200920-05-200911-12-2008

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Silver Standard Resources

Silver Standard Resources

Silver Standard has the largest published in-ground silver resource of any publicly-traded silver company, with a pipeline of projects in Argentina, Peru, Mexico, Canada, Chile, the United States and Australia.
Tuesday, September 15, 2009

Silver Standard Resources says Brucejack drilling continues to find high gold-silver grades

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Silver Standard Resources Inc (TSX: SSO; NASDAQ: SSRI) said diamond drilling in the Brucejack area of its wholly-owned Snowfield gold and silver project continues to intersect significant values of gold-silver mineralization.

The property is located 65 kilometers north of the town of Stewart and 15 kilometers southeast of Barrick Gold’s high-grade gold-silver mine at Eskay Creek.
Drilling at the Galena Hill zone, located five kilometers south of the Snowfield zone, continues to intersect gold mineralization with significant intervals encountering visible gold.

A new highlight from Galena Hill is hole SU-12 which intersected four bands of mineralization, the best of which included 1.5 meters with uncut grades of 494.3 ounces of gold and 254 ounces of silver per ton.  This intersection occurred within a wider interval of 20.6 meters with cut grades of 5.33 grams of gold and 159 grams of silver per tonne.

The Bridge zone, located 1,200 meters south of the Galena Hill zone, is a new discovery made by Silver Standard. SU-19 intersected 552 meters of 0.87 grams of gold per tonne , including 260 meters of 1.19 grams of gold per tonne.

SU-19 ended in mineralization and at least 10 holes are planned in its vicinity to begin defining the size of the new discovery.

There are also over 900 historic diamond drill holes from both surface and underground drilling in the Brucejack area. Silver Standard anticipates being able to incorporate a portion of this data in future resource estimates.

A minimum of 8,000 meters of diamond drilling is planned to test targets in the Brucejack area, and three drills are currently at work on various targets, the company added.

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