breccia ridge update
posted on
Jun 25, 2009 09:25PM
SSO on the TSX, SSRI on the NASDAQ
finally the pre-feasibility numbers at breccia ridge. bear in mind that these figures only relate to the 82 million ounces of reserves, not the additional 643 million ounces of resources at pitarrilla. breccia ridge is expected to produce (using current silver prices) 7 million ounces of silver a year for 12 years. the net present value of just breccia ridge is $521 million, and of course that is only the tip of the iceberg at pitarrilla:
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 24, 2009 -- Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) is pleased to report the results of a pre-feasibility study for the underground component of the Breccia Ridge Zone at its wholly-owned Pitarrilla Project in Durango State, Mexico. Based on the pre-feasibility study, the underground component of Breccia Ridge now contains probable silver reserves of 91.7 million ounces. Scoping studies on underground bulk mining and open pit development for Breccia Ridge are continuing, and, if satisfactory, pre-feasibility studies will follow. Feasibility-level studies are also continuing on certain aspects of the project. The Breccia Ridge Zone, containing 63% of Pitarrilla's total silver resource of 643.6 million ounces of measured and indicated silver resources and 82.3 million ounces of inferred silver resources, is the main focus of current project activities and is one of five zones of mineralization identified to date on the property.
http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-15612182.html?x=1