Silver Standard Provides Corporate Exploration Update

Silver Standard Resources (TSX:SSO) has provided an update on its exploration activities at its Marigold mine in Nevada and its Eabee Gold operation in Saskatchewan.
As quoted in the press release:

Highlights: Š At the Marigold mine, we conducted Mineral Resource development drilling in the Mackay North area and the Valmy property with the objective to convert Mineral Resources to Mineral Reserves. Highlighted results include:

• At HideOut, drillhole MR6270 intersected 1.96 g/t gold over 93.0 meters from 144.8 meters below surface;
• At Valmy, drillhole MR6283 intersected 1.65 g/t gold over 59.4 meters from 91.4 meters below surface; and
• At Terry Zone North, drillhole MR6185 intersected 1.56 g/t gold over 39.6 meters from 176.8 meters below surface. Š

Completed the Assay Program at the Marigold mine with results consistent with our 2015 results that contribute to a longer dated production and cost outlook for the Marigold mine later in the third quarter. Š

• The Seabee Gold Operation reports positive exploration drill results from an area outside existing Mineral Resources down plunge from the Santoy 8A production area. Highlighted results include: » At Santoy 8A, drillhole SUG-16-912 intersected 39.06 g/t gold over 2.7 meters of true width;
•  At Santoy 8A, drillhole SUG-16-908 intersected 15.38 g/t gold over 6.0 meters of true width; and
•  At Santoy 9A, drillhole JOY-16-701 intersected 52.80 g/t gold over 2.1 meters of true width, as previously reported.

Paul Benson, President and CEO said, “We are pleased with the positive exploration results at the Mackay North area at Marigold, where we continue to encounter mineralization with higher gold grades outside current Mineral Reserves. In addition, we are focused on driving exploration efforts at the Valmy property to add to and convert Mineral Resources. We also look forward to providing a revised outlook for the Marigold mine in the third quarter, based on our Assay Program, operational improvements and exploration results.”

Click here to read the full press release.