Thought you may want some reading matter.
Jeff Lund
Silver Standard: Excellent Results Continue in
Drilling at Bowdens Silver Project
VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Jan. 11, 1999--Silver
Standard(NASDAQ:SSRIF - news; VSE:SSO. - news) Silver Standard Resources Inc. is pleased to report further assay
results from five more reverse circulation drill holes totalling 695 metres at the company's 100 percent-owned Bowdens silver
project in New South Wales, Australia. All holes intersected mineralization and results include further significant silver and base
metal values in both infill and step-out drilling in the Main Zone North and Bundarra North Zone. In terms of thickness and
grade, these new results are consistent with earlier drilling on wider spacing and continue to confirm and enhance this important
silver deposit.
At the Main Zone, four holes tested the westward extension of earlier high-grade drill results intersected in the northern area of
the planned open pit. Significant results from the four new holes included BGR 127 (191 grams per tonne or 5.6 ounces per ton
of silver-equivalent over 59 metres); BGR 128 (110 grams per tonne or 3.2 ounces per ton of silver-equivalent over 69
metres); and BGR 130 (267 grams per tonne or 7.8 ounces per ton of silver-equivalent over 16 metres).
Previously reported results within 150 metres of these intersections include: to the north, BGR 68 (183 grams per tonne or 5.3
ounces per ton of silver-equivalent over 46 metres); to the east, BGD 008 (136 grams per tonne or 4.0 ounces per ton of
silver-equivalent over 56 metres); to the south, BGR 002 (189 grams per tonne or 5.5 ounces per ton of silver-equivalent over
80 metres); and to the west, BGR 126 (140 grams per tonne or 4.1 ounces per ton of silver-equivalent over 55 metres).
At the Bundarra North Zone, hole BGR 134 tested mineralization in an area where little drilling has been completed. Significant
intercepts included 144 grams per tonne or 4.2 ounces per ton of silver-equivalent over 13 metres and 92 grams per tonne or
2.7 ounces per ton of silver-equivalent over 10 metres. BGR 134 is located between BGR 10 and BGR 16 which are
approximately 125 metres apart. BGR 10 intersected 132 grams per tonne or 3.8 ounces per ton of silver-equivalent over 76
metres. BGR 16 intersected 80 grams per tonne or 2.3 ounces per ton of silver-equivalent over 80 metres.
The drilling program is now complete and assay results for nine more holes are pending. Metallurgical optimization,
environmental and engineering studies are continuing. The final feasibility study is scheduled to be completed by the third quarter
of 1999.
Silver Standard Resources Inc. is a silver resource company with exploration projects and regional offices in Australia,
Argentina, Bolivia, the United States, Mexico and Peru. Silver Standard's advanced projects, owned and under option, have a
combined total exceeding 110 million ounces of silver resources.
SELECTED DRILL RESULTS - BOWDENS SILVER PROJECT, N.S.W., AUSTRALIA
Drill Coordinates Interval Length Silver Silver
Hole (m) (m) Equivalent
From To (g/t) (g/t)(oz/ton)
MAIN ZONE NORTH
BGR 127 10600N 15300E 72 131 59 167 191 5.57
BGR 128 10550N 15300E 82 151 69 93 110 3.21
BGR 129 10400N 15300E 61 83 22 51 87 2.54
112 123 11 70 113 3.30
BGR 130 10500N 15300E 68 84 16 214 267 7.79
BUNDARRA NORTH ZONE
BGR 134 10550N 15100E 33 43 10 54 92 2.68
46 59 13 80 144 4.20
To receive Silver Standard's news releases by e-mail, contact Investor Relations at invest@silver-standard.com or sign up at
the company's web site at silver-standard.com
The statements that are not historical facts are forward-looking statements involving known and unknown risks and
uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include
those described in Silver Standard's SEC Form 20F as amended.
The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
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