Yesterday's news:
Silver Standard Resources Inc -
Silver Standard completes 1998 Bowdens drilling
Silver Standard Resources Inc
SSO
Shares issued 16,045,797
1999-02-19 close $1.9
Monday Feb 22 1999
Mr. Robert Quartermain reports
Silver Standard has received assay results for the nine
remaining reverse circulation drill holes totalling 982 metres
at its 100-per-cent-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 and Bundarra South zones.
Potential for further resource expansion exists in the Main
zone south, and Bundarra North and Bundarra South zones, as
well as other prospects in the extensive claim area.
The best results in terms of core length and grade were drilled
in the Main zone north. Two holes tested the continuity of
earlier high-grade drill results in the northern area of the
planned open pit. Significant results from vertical hole BGR
132 included 215 grams per tonne or 6.3 ounces per ton of
silver-equivalent over 31 metres. BGR 133, collared
approximately 100 metres to the northeast, intersected 146
grams per tonne or 4.3 ounces per ton of silver-equivalent
over 65 metres.
At the Bundarra North zone, hole BGR 134 tested
mineralization in an area where little drilling has been
completed. Previously reported results from this hole 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. In addition, the 13-metre
section included a higher grade interval which assayed 265
grams per tonne or 7.7 ounces per ton of silver-equivalent
over four metres.
BGR 135, BGR 136 and BGR 137 were collared within 100
metres of BGR 134. BGR 137 is in the untested northwestern
area of the Bundarra North zone. Its results were the best of
the three new holes, intersecting 69 grams per tonne or 2.0
ounces per ton of silver-equivalent over 95 metres. The
mineralized zone is open to the north and to the west. BGR
138 and BGR 139 tested the southwestern area of the
Bundarra North zone and both holes intersected higher-grade
silver-equivalent mineralization in core intervals ranging from
three to 16 metres.
BGR 140 tested outcropping mineralization in the Bundarra
South zone. Values included 62 grams per tonne or 1.8 ounces
per ton of silver-equivalent over 23 metres in this relatively
untested new area. Potential for expansion of silver resources
also exists in the Main zone south where planned drilling was
interrupted by heavy rainfall.
Since Silver Standard commenced drilling at Bowdens, 100
reverse circulation and 22 diamond drill holes totalling
12,793 metres have been completed. All data are now being
compiled as part of the feasibility study to be completed in the
third quarter of 1999. Metallurgical optimization,
environmental and engineering studies are continuing.
Hole From To Length Au Au Eq
m m m g/t g/t
MAIN ZONE NORTH
BGR 132 57 88 31 187 215
BGR 133 82 147 65 116 146
including 82 101 19 241 257
BUNDARRA NORTH ZONE
BGR 134 33 43 10 54 92 46 59 13 80 144 including 54 58 4
163 265 BGR 135 53 65 12 23 69 70 86 16 24 62 BGR 136
18 26 8 82 126 47 60 13 41 99 BGR 137 12 107 95 33 69
including 41 102 61 40 79 BGR 26 36 10 61 110 (x) 69 85(x)
16 104 127 including 72 78 6 157 192 BGR 139 0 6 6 68 72
23 26 3 103 129 BUNDARRA SOUTH ZONE BGR 140 0 23
23 55 62 including 14 23 9 81 95 (x) Hole ended in
mineralization
WARNING: The company relies on litigation protection for
"forward-looking" statements.
(c) Copyright 1999 Canjex Publishing Ltd.
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