Silver Standard Reports Final Drill Results From Snowfield
Silver Standard Resources Inc. has received the results from the last 11 diamond drill holes at its wholly-owned Snowfield gold-copper project. As previously reported, the program was successful in outlining the Snowfield North Zone, a significant new zone of gold-copper mineralization.
The new Snowfield North Zone measures approximately 700 meters by 800 meters. Highlights of the 11 Snowfield North drill holes include:
– MZ-29, collared approximately 300 meters to the north of MZ-23, which intersected 342 meters of 1.22 grams of gold per tonne and 0.18% copper, including 191 meters of 1.62 grams of gold and 0.25% copper per tonne; – MZ-30, collared on the same coordinates as MZ-23, which intersected 661 meters of 0.83 grams of gold per tonne and 0.17% copper, including 243 meters averaging 1.00 gram of gold per tonne and 0.17% copper;
– Seven holes ended in mineralization, including MZ-29 and MZ-30 above.
The additional drill holes demonstrate continuity along strike and at depth with the Snowfield Zone discovered in 2006. The Snowfield North Zone is open to the south, east and at depth. Silver Standard’s 2008 Snowfield program comprised 16,945 meters of diamond drilling in 31 holes.
The Snowfield property is located 40 kilometers north of the town of Stewart in northern British Columbia and 15 kilometers southeast of Barrick’s high-grade gold-silver mine at Eskay Creek.
An updated resource estimate for the Snowfield property, which will include both the Snowfield and Snowfield North zones, is anticipated in early 2009. For drill hole locations and a long section, see new maps that will be posted in the Snowfield project section of Silver Standard’s web site, www.silverstandard.com.
