more good news from snowfield. more importantly (to me anyway) they have identified two new zones of mineralization, and have found visible gold in the galena hill zone:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/05/09) - Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report initial results from the diamond drilling program underway at its wholly-owned Snowfield gold-copper project in northern British Columbia. The 2009 program includes in-fill and step-out drilling at the Snowfield Zone and drill testing of previously identified zones and prospecting for additional target areas to the south. The property is located 40 kilometers north of the town of Stewart and 15 kilometers southeast of Barrick's high-grade gold-silver mine at Eskay Creek.

Snowfield Zone

A highlight from the Snowfield Zone is hole MZ-32, which intersected 523 meters averaging 0.73 grams of gold per tonne (1,716 feet averaging 0.02 ounces of gold per ton) and 0.16% copper and included 69 meters averaging 1.04 grams of gold per tonne (226 feet averaging 0.03 ounces of gold per ton) and 0.20% copper. MZ-32, which ended in mineralization, is an in-fill hole collared approximately 100 meters to the southeast of MZ-01 and 100 meters to the northwest of MZ-10, which were drilled in 2008 (see news release dated October 22, 2008). These three holes demonstrate the continuity of mineralization between holes.

A total of 20,000 meters of diamond drilling is planned for the Snowfield Zone, and there are currently four drills on the property.

Galena Hill Zone

Drill targets to the south of the Snowfield Zone in an area known as Brucejack are within Silver Standard's wholly-owned Sulphurets project. The previously identified Galena Hill Zone is being drill-tested for gold mineralization. Some holes have encountered visible gold. For the quoted average gold assays, any gold assay in excess of 31.1 grams of gold per tonne was cut to 31.1 grams of gold per tonne.

Highlights from the Galena Hill Zone include:

-SU-05, which intersected 155 meters averaging 1.26 grams of gold per tonne (509 feet averaging 0.04 ounces of gold per ton), including 12 meters averaging 5.37 grams of gold per tonne (39 feet averaging 0.16 ounces of gold per ton).

-SU-06, which intersected 45 meters averaging 1.83 grams of gold per tonne (148 feet averaging 0.05 ounces of gold per ton), including 11 meters of 4.65 grams of gold per tonne (36 feet averaging 0.14 ounces of gold per ton).

SG Zone

The SG Zone, which is located 1500 meters north of Galena Hill, has also been tested with four drill holes. Highlights from the SG Zone include:

SU-01, which intersected 39 meters of 1.06 grams of gold per tonne (128 feet averaging 0.03 ounces of gold per ton); and

SU-04, which intersected 75 meters of 1.62 grams of gold per tonne (246 feet averaging 0.05 ounces of gold per ton), including 27 meters of 2.57 grams of gold per tonne (89 feet averaging 0.07 ounces of gold per ton).

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-1352027495.html?x=0&.v=1