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Silver Standard Resources Inc.
Summary
| Project: | Seabee Gold Operation | |
|---|---|---|
| Deposit: | Santoy | |
| Location: | Canada | |
| 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 Santoy deposit at the Seabee Gold Operation project. Drilling results incl. 1.6m @ 1004.74g/t Au from 235.2m. Silver Standard Resources Inc. (NASDAQ: SSRI) (T | |
| 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.” In the first quarter of 2017, we completed 16,267 meters of underground drilling and 11,394 meters of surface drilling in 42 and 24 drillholes, respectively, with the goals to discover, increase and convert Mineral Resources. Our underground drill program for the first quarter of 2017 focused on three targets, including Santoy Gap, Santoy 8A vein and the new Santoy Gap Hanging Wall (“Gap HW”), with positive results at all three areas. | |
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