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Silver Standard Resources Inc.
Summary
| Project: | Marigold Mine | |
|---|---|---|
| Deposit: | Marigold Mine, Valmy | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-8-2016: Silver Standard Resources Inc. announces an Exploration/Drilling Update report for its Marigold Mine, Valmy deposit at the Marigold Mine project. Drilling results incl. 93.0m @ 1.96g/t Au from 144.8m at HideOut. VANCOUVER, B.C. -- Silver Standar | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James N. Carver (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. -- 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 its Seabee Gold Operation in Saskatchewan, Canada. Exploration activities in the second quarter of 2016 at the Marigold mine focused on drilling at each of the HideOut, Terry Zone North (“TZN”) and 8 South pit extension (“8SX”) areas and on the adjacent Valmy property. The objective of these drilling activities is to convert Mineral Resources to Mineral Reserves and to expand Mineral Resources, in certain instances. Two track– mounted rigs completed 15,575 meters of reverse circulation drilling in 73 drillholes on our targets, where previous results show potential for Mineral Resource additions. At TZN, mineralization is open to the south, while the 500-meter long corridor between the HideOut and the 8SX areas has only two drillholes and remains open to the north and south, respectively. Figure 1 shows a plan map of drilling activities during the second quarter. Drill results demonstrate the presence and continuity of higher-grade structures with additional drillhole results pending. The best result from this period’s drilling program was drillhole MR6270, which intersected 1.96 g/t gold over 93.0 meters, including 5.01 g/t over 32.0 meters at HideOut. At TZN, the best result was drillhole MR6185, which intersected 1.56 g/t over 39.6 meters, including 3.92 g/t over 13.7 meters. Table 1 lists all drill results for the second quarter of 2016, while Table 2 lists the collar coordinates and drillhole lengths. Exploration results continue to illustrate the potential to expand the existing Mineral Resources estimate. | |
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