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Silver Standard Resources Inc.
Summary
| Project: | Seabee Gold Operation | |
|---|---|---|
| Deposit: | Santoy | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-11-2016: Silver Standard Resources Inc. announces an Exploration/Drilling Update report for its Santoy deposit at the Seabee Gold Operation project. Drilling results incl. 5.8m @ 27.86g/t Au at Santoy 8A. VANCOUVER, B.C. -- Silver Standard Resources Inc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: F. Carl Edmunds (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 Seabee Gold Operation in Saskatchewan, Canada. Paul Benson, President and CEO said, “We are encouraged by these exploration results at Marigold and Seabee as they demonstrate resource growth potential. We expect our exploration activity at both operations will positively impact our 2016 Mineral Reserves statement, generating value for our shareholders. Infill and conversion drilling at Seabee indicate the potential to grow our Mineral Resources at that high-margin operation, while we broaden our scope in the district targeting a new discovery in 2017.” For 2016, the operation planned 65,000 meters of underground drilling and 18,000 meters of surface drilling to increase and convert Mineral Resources. During the first nine months of the year, a total of 43,315 meters from underground and 16,643 meters from surface in 149 and 44 diamond drillholes, respectively, was completed. Drilling activities centered on the Santoy mine complex and the deeper levels of the Seabee mine. A drill program was also initiated to test multiple targets on the “5-1” shear zone system, which parallels the Seabee shear zone to the south. During the third quarter, a total of 43 drillholes were drilled to infill the Santoy 8A and Santoy Gap 9A, 9B and 9C mineralized quartz vein structures and the Seabee mine, for a quarterly total of 13,540 meters. The drill results from our underground program are shown on the longitudinal section in Figure 4. These results have indicated the potential to upgrade Mineral Resources below the 39 Level drill bay, and have also been successful in discovering a new mineralized zone, which is likely the down plunge extension of the 8A area and is closer to existing infrastructure. Table 3 lists all drill results at the Santoy mine complex for the third quarter of 2016. | |
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