this is a joint venture with allied nevada. they have the gold, while sso has the silver. these results are nothing to get really excited about, but they are making progress at increasing the resource, which is already 70 million ounces. but this project is so far down the food chain that it will be a while before it is developed. so many other projects ahead of it are even better, which is a nice problem to have.
Silver Standard Resources Inc.: More High-Grade Silver Intersected at Maverick Springs
Thursday December 11, 5:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 11, 2008 -- Silver Standard Resources Inc. (Toronto:
SSO.TO -
News)(NasdaqGM:
SSRI -
News), as operator of the Maverick Springs joint venture, is pleased to report successful follow-up diamond drilling from the 2006 program in which MR-166 intersected 140 feet grading 7.65 ounces of silver per ton, including 40 feet grading 25.2 ounces of silver per ton, and hole 167 intersected 140 feet grading 11.1 ounces of silver per ton, including 15 feet grading 89.4 ounces of silver per ton.
