Silver Standard to Acquire California-based Perdito Project

Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) announced that it’s signed an option agreement to acquire the California-based Perdito project.
Highlights include:

• Geology permissive for high grade,Carlin-type sediment hosted gold deposits
  • Gold grades of up to 10.9 g/t confirmed by duplicate surface sampling
• Multiple, ready-to-drill targets based on previous exploration, mapping and drilling
• Airborne geophysical surveys completed by Silver Standard in December 2015 to aid in drill targeting
• Budgeted $1.5 million for drilling and field work this year with permits anticipated later in 2016
• Large land package of 5,780 hectares near major infrastructure

Carl Edmunds, chief geologist at Silver Standard, commented:

We are excited by this exploration project that shows characteristics of a Carlin-type gold deposit. The project leverages our in-house expertise on similar deposits and run-of-mine heap leach operations. In parallel with our brownfields exploration programs at both Marigold and Pirquitas, the Perdito project is part of our strategy to continue to invest in future growth through all parts of the business cycle.
The results from our preliminary work at the project confirm the presence of high-grade near-surface gold mineralization, containing over 10 g/t gold, and geophysical anomalies, which warrant further exploration. In 2016, our exploration efforts at Perdito will focus on confirming historic drilling and expanding the extent of known mineralization.

Click here to read the full Silver Standard Resources Inc. (TSX:SSO,NASDAQ:SSRI) press release.