Silver Standard Resources Inc.: Brucejack Drilling Cuts Bonanza Grades
posted on
Sep 15, 2009 11:11AM
SSO on the TSX, SSRI on the NASDAQ
more good news from snowfield. there's a reason they've got all those drills turning up there in the middle of nowhere:
Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report that diamond drilling in the Brucejack Area of its wholly-owned Snowfield 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's high-grade gold-silver mine at Eskay Creek.
Galena Hill Zone
Drilling at the Galena Hill Zone, located five kilometers south of the Snowfield Zone and referenced in the news releases dated August 5 and August 20, 2009, continues to intersect gold mineralization with significant intervals encountering visible gold.
A new highlight from the Galena Hill Zone is hole SU-12 which intersected four bands of mineralization. The best intersection included:
- 1.5 meters with uncut grades of 16.95 kilograms of gold and 8.7 kilograms of silver per tonne (4.9 feet averaging 494.3 ounces of gold and 254 ounces of silver per ton).
- This intersection ocurred within a wider interval of 20.6 meters with cut grades of 5.33 grams of gold and 159 grams of silver per tonne (68 feet averaging 0.15 ounces of gold and 4.6 ounces of silver per ton). 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.
http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-2644445938.html?x=0&.v=1