new zone discovered at snowfield
posted on
Aug 20, 2009 10:44AM
SSO on the TSX, SSRI on the NASDAQ
another hit at snowfield. best of all, the news is so encouraging that they've added a seventh drill:
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/20/09) - 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, in the southern part of the large property, the discovery of the Bridge Zone and expansion of previously defined gold mineralization.
As a result of the continuing success of the program, a seventh diamond drill has been added to the project. 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.
Bridge Zone
The Bridge Zone, located in the Brucejack area six kilometers south of the Snowfield Zone, is a new discovery made by Silver Standard. Highlights from SU-10 include:
- 483 meters of 0.70 grams of gold per tonne (1,585 feet averaging 0.02 ounces of gold per ton), including two higher grade intervals of 50 meters of 1.26 grams of gold per tonne (162 feet averaging 0.037 ounces of gold per ton) and 33 meters of 1.25 grams of gold per tonne (108 feet averaging 0.036 ounces of gold per ton).
SU-10 ended in mineralization and at least six new holes are planned in the vicinity to begin defining the size of the new discovery.
Galena Hill Zone
Drilling at the Galena Hill Zone, located 1,200 meters north of the Bridge Zone and referenced in the news release dated August 5, 2009, continues to intersect gold mineralization with some intervals encountering visible gold. For the quoted average gold assays, any assay in excess of 31.1 grams of gold per tonne was cut to 31.1 grams of gold per tonne.
A new highlight from the Galena Hill Zone is:
- SU-08, which intersected two intervals of mineralization, the first with 34 meters averaging 0.85 grams of gold per tonne (110 feet averaging 0.025 ounces of gold per ton), the second interval with 83 meters averaging 0.76 grams of gold per tonne (272 feet averaging 0.022 ounces of gold per ton).
SU-08 is collared 350 meters east of 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).
http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-3004545782.html?x=0&.v=1