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Silver Standard Resources Inc.
Summary
| Project: | Marigold Mine | |
|---|---|---|
| Deposit: | Marigold Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-5-2017: Silver Standard Resources Inc. announces an Exploration/Drilling Update report for its Marigold Mine deposit at the Marigold Mine project. Drilling results incl. 106.7m @ 1.09g/t Au from 43m. Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: S | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James N. Carver (Internal) | |
| ABSTRACT: | Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) provides an update on its exploration activities at its Marigold mine in Nevada, U.S. and Seabee Gold Operation in Saskatchewan, Canada, including selected drillhole results from the first quarter of 2017 and, previously unreleased results, from the fourth quarter of 2016. Paul Benson, President and CEO said, “Our exploration programs at Marigold and Seabee continue to deliver positive results that demonstrate resource growth potential. We were pleased with the significant increase in Mineral Reserves at both operations at the end of 2016 and are confident that our exploration activities this year, supported by strong in-house expertise and expenditures of $5 million at each mine, will once again have a positive impact on our year-end Mineral Reserves. Brownfields exploration is a key aspect of our strategy to extend the life of our operations and create long term shareholder value.” Exploration activities during the first quarter of 2017 focused on the conversion of Mineral Resources to Mineral Reserves in areas proximal to the 2016 Mineral Reserves. During the quarter we completed 10,255 meters of reverse circulation drilling in 44 drillholes on four targets in close proximity to the existing pits. The most notable results include drillhole MRA6434 located in the center of the Mackay pit, which intersected 1.09 g/t gold over 106.7 meters from 43 meters below surface, as shown in Figures 1 and 2. Further drilling will be conducted in these four target areas during the remainder of the year. The positive drill results received to date from this Marigold drill program warrant further drilling, which is currently underway | |
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