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Silver Standard Resources Inc.
Summary
| Project: | Seabee Gold Operation | |
|---|---|---|
| Deposit: | Seabee, Santoy | |
| Location: | Canada | |
| 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 Seabee, Santoy deposit at the Seabee Gold Operation project. Drilling results incl. 2.7m @ 39.06g/t Au at Santoy 8A. VANCOUVER, B.C. -- Silver Standard Resour | |
| 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 its Seabee Gold Operation in Saskatchewan, Canada. 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 second quarter, exploration activities have focused on the Santoy mine complex. Since March 2016, a total of 67 drillholes have been drilled to infill the Santoy Gap 9A, 9B and 9C mineralized quartz vein structures. During the first half of 2016, 29,775 meters were drilled underground at the Santoy mine complex for infill and exploration purposes. We drilled six holes in a new area down plunge from the Santoy 8A structure that returned gold grades above Mineral Resource cut-off grade, and intend to conduct further drilling in this area. Figure 2 shows the Santoy mine complex drill results relative to its Mineral Resources estimate as at December 31, 2015, projected onto a longitudinal section. Table 3 lists all drill results for the Santoy mine complex received in the second quarter of 2016. At the Seabee mine, five holes of a planned seven-hole drill program were completed on the 15 Vein target, which is a mineralized structure offset along the 19 shear. At the Carr target, located near surface, four kilometers along strike to the north from the Santoy mine complex, we drilled approximately 2,500 meters in nine drillholes over a two-kilometer strike length. At the Herb West target, located 2,200 meters west-north-west of the Seabee mine, we drilled approximately 1,130 meters in four drillholes. Results from drillholes at these three targets revealed quartz-vein structures with gold-bearing mineralization and warrant follow-up drilling | |
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