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Message: Snowfield Infill Drilling Update

Snowfield Infill Drilling Update

posted on Oct 02, 2009 10:45AM

more results from snowfield, the usual 1g/ton or so. but this was infill drilling, and all ten holes were hits, and all of the widths were very wide. the drilling season is almost over up there in the frozen wasteland, so we may see a new resource estimate by the end of this quarter:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) reports that infill diamond drilling at its wholly-owned Snowfield Project continues to deliver consistently wide intersections of gold-copper mineralization in the Snowfield Zone. The property is located 65 kilometers north of the town of Stewart and southeast of Barrick's high-grade gold-silver mine at Eskay Creek.

The 2009 drill program has been focused on the large block of inferred mineralization in the northern half of the zone. Drilling was designed to increase the hole density to approximately 100-meter centers.

Of the latest 10 Snowfield Zone holes reported here, all were collared in mineralization at surface. Significant results include:

- MZ-58 intersected 725 meters averaging 0.77 grams of gold per tonne (2,377 feet averaging 0.022 ounces of gold per ton) and 0.16% copper and included 259 meters averaging 0.93 grams of gold per tonne (850 feet averaging 0.033 ounces of gold per ton) and 0.16% copper.

- MZ-54 intersected 561 meters averaging 0.96 grams of gold per tonne (1,842 feet averaging 0.028 ounces of gold per ton) and 0.19% copper and included 170 meters averaging 1.31 grams of gold per tonne (558 feet averaging 0.038 ounces of gold per ton) and 0.21% copper.

The 2009 Snowfield Project field program is expected to wind down in early October and lead to a resource update in Q4/09. The most recent resource update for the Snowfield Zone (see news release dated February 3, 2009) reported measured and indicated resources totaling 4.4 million ounces of gold and inferred resources of 14.3 million ounces of gold based on a cut-off grade of 0.5 grams of gold-equivalent/tonne.

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-1231171147.html?x=0&.v=1

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