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Silver Standard Resources Inc.
Summary
| Project: | Marigold Mine | |
|---|---|---|
| Deposit: | South Pit Extension | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/12/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2014: Silver Standard Resources Inc. announces a Resource Estimation report for its South Pit Extension deposit at the Marigold Mine project. Updated mineral resource estimate for South Pit Extension at Marigold. VANCOUVER, B.C. -- Silver Standard R | |
| Resources: | (Resource): 2.13Mt @ 1.20g/t Au (Ind) and 1.70Mt @ 1.41g/t Au (Inf) at South Pit Extension | |
| CP/QP: | [Resources]: James N. Carver (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. -- Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) is pleased to announce the addition of Mineral Resources at the Marigold mine (“Marigold”) located in Humboldt County, Nevada. These Mineral Resources lie within the limits of Marigold’s existing plan of operations at the southern end of the 8 South pit and are comprised of oxidized gold mineralization, leachable using the current run-of-mine heap leach process. The 8 South pit extension currently contains Indicated Mineral Resources of 2.13 million tonnes at a grade of 1.20 grams per tonne gold and Inferred Mineral Resources of 1.70 million tonnes at a grade of 1.41 grams per tonne gold. The gold mineralization is open to the south, east and west. The grade of these Mineral Resources compares favourably to the Marigold mine average reserve grade of 0.51 grams per tonne gold. “Exploration efforts at Marigold continue to deliver positive results,” said John Smith, President and CEO. “Our goal was to confirm our understanding of the geology and to identify extensions to existing pits for higher margin ounces. The results of our 2014 drill program have exceeded our expectations due to the gold grade encountered and the proximity to the historical 8 South pit.” | |
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