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Message: Final Snowfield Zone Drilling Update

Final Snowfield Zone Drilling Update

posted on Oct 26, 2009 10:28AM

this year's finaly update from snowfield. nothing extraordinary, just more good news:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) reports that all assay results have been received from diamond drilling at the Snowfield Zone of its wholly-owned Snowfield Project. The Snowfield Zone is located 65 kilometers north of the town of Stewart in British Columbia, Canada.

The 2009 Snowfield Zone exploration program was very successful in defining a higher grade gold-copper core with silver and molybdenum credits, and proving continuity of grade in the northern half of the zone. This year's program, which included 23,778 meters in 42 holes, increased the drill density to 100-meter centers in the main body of inferred resources outlined in 2008 and extended the known mineralization to the northwest and southeast.

Of the final 14 Snowfield Zone holes reported here, most were collared in mineralization at surface. Significant results include:

- MZ-72 intersected 607 meters averaging 0.84 grams of gold per tonne (1,991 feet averaging 0.024 ounces of gold per ton) and 0.19% copper and included 117 meters averaging 1.21 grams of gold per tonne (384 feet averaging 0.035 ounces of gold per ton) and 0.25% copper.

- MZ-62 intersected 554 meters averaging 0.86 grams of gold per tonne (1,816 feet averaging 0.025 ounces of gold per ton) and 0.15% copper and included 210 meters averaging 0.97 grams of gold per tonne (689 feet averaging 0.028 ounces of gold per ton) and 0.16% copper.

The most recent mineral resource update for the Snowfield Zone (see news release dated February 3, 2009 and Silver Standard's NI 43-101 Technical Report, dated effective January 31, 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-1510300846.html?x=0&.v=1

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