SilverNuts@Bolts
05-24-2006, 07:53 PM
http://biz.yahoo.com/iw/060524/0131155.html
Press Release Source: Silver Standard Resources Inc.
Silver Standard Confirms Mineralization at the South Ridge Zone of Pitarrilla Silver Project in Mexico
Wednesday May 24, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 24, 2006 -- Silver Standard Resources Inc. (TSX:SSO.TO - News)(NasdaqNM:SSRI - News) is pleased to report that infill diamond drilling at the South Ridge of the Pitarrilla silver project in Mexico continues to confirm the mineralization with silver values over thick intervals. The wholly-owned project is located approximately 150 kilometers (90 miles) north of Durango City in the state of Durango.
Highlights of ongoing diamond drilling include:
- PD-120, an in-fill drill hole on the west side of the South Ridge Zone, which intersected 5.3 ounces of silver per ton over 445.2 feet (183.3 grams of silver per tonne over 135.7 meters). This hole was designed to provide additional data where high-grade mineralization had been previously intersected, notably in PD-53 which yielded 765.2 feet averaging 6.4 ounces of silver per ton (233.2 meters averaging 219.2 grams of silver per tonne), including 146.4 feet averaging 13.2 ounces of silver per ton (44.6 meters averaging 451.7 grams of silver per tonne).:banana:
- PD-122, a vertical hole collared near the southeastern drill-defined margin of the South Ridge Zone, which intersected 210.0 feet averaging 4.2 ounces of silver per ton (64.0 meters averaging 144.4 grams of silver per tonne).
- PD-123, a vertical hole drilled on the southeastern margin of the South Ridge Zone, which intersected 135.0 feet averaging 3.5 ounces of silver per ton (41.2 meters averaging 120.9 grams of silver per tonne) and 60.0 feet averaging 5.1 ounces of silver per ton (18.3 meters averaging 175.0 grams of silver per tonne) and 1.94% zinc.
A table that contains the above drill hole results is attached. Drilling continues to intersect a thick sequence of mineralized volcanic material (tuffs, breccias and rhyolitic intrusives). The known mineralization is open down dip to the southeast and along strike to the north and south. Drilling is continuing with three diamond drill rigs currently on site. Kenneth C. McNaughton, M.A.Sc., P.Eng., Vice President, Exploration, Silver Standard Resources Inc., is the qualified person responsible for the exploration program at Pitarrilla.
Silver Standard Resources Inc. is a well-financed silver resource company with a substantial position in cash and marketable securities and 1.95 million ounces of physical silver. The company continues to seek resource growth through acquisitions, exploration and development of its own projects.:elefant:
To receive Silver Standard's news releases by e-mail, contact Paul LaFontaine, Director, Investor Relations at invest@silverstandard.com or call (888) 338-0046. 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 annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.
Press Release Source: Silver Standard Resources Inc.
Silver Standard Confirms Mineralization at the South Ridge Zone of Pitarrilla Silver Project in Mexico
Wednesday May 24, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 24, 2006 -- Silver Standard Resources Inc. (TSX:SSO.TO - News)(NasdaqNM:SSRI - News) is pleased to report that infill diamond drilling at the South Ridge of the Pitarrilla silver project in Mexico continues to confirm the mineralization with silver values over thick intervals. The wholly-owned project is located approximately 150 kilometers (90 miles) north of Durango City in the state of Durango.
Highlights of ongoing diamond drilling include:
- PD-120, an in-fill drill hole on the west side of the South Ridge Zone, which intersected 5.3 ounces of silver per ton over 445.2 feet (183.3 grams of silver per tonne over 135.7 meters). This hole was designed to provide additional data where high-grade mineralization had been previously intersected, notably in PD-53 which yielded 765.2 feet averaging 6.4 ounces of silver per ton (233.2 meters averaging 219.2 grams of silver per tonne), including 146.4 feet averaging 13.2 ounces of silver per ton (44.6 meters averaging 451.7 grams of silver per tonne).:banana:
- PD-122, a vertical hole collared near the southeastern drill-defined margin of the South Ridge Zone, which intersected 210.0 feet averaging 4.2 ounces of silver per ton (64.0 meters averaging 144.4 grams of silver per tonne).
- PD-123, a vertical hole drilled on the southeastern margin of the South Ridge Zone, which intersected 135.0 feet averaging 3.5 ounces of silver per ton (41.2 meters averaging 120.9 grams of silver per tonne) and 60.0 feet averaging 5.1 ounces of silver per ton (18.3 meters averaging 175.0 grams of silver per tonne) and 1.94% zinc.
A table that contains the above drill hole results is attached. Drilling continues to intersect a thick sequence of mineralized volcanic material (tuffs, breccias and rhyolitic intrusives). The known mineralization is open down dip to the southeast and along strike to the north and south. Drilling is continuing with three diamond drill rigs currently on site. Kenneth C. McNaughton, M.A.Sc., P.Eng., Vice President, Exploration, Silver Standard Resources Inc., is the qualified person responsible for the exploration program at Pitarrilla.
Silver Standard Resources Inc. is a well-financed silver resource company with a substantial position in cash and marketable securities and 1.95 million ounces of physical silver. The company continues to seek resource growth through acquisitions, exploration and development of its own projects.:elefant:
To receive Silver Standard's news releases by e-mail, contact Paul LaFontaine, Director, Investor Relations at invest@silverstandard.com or call (888) 338-0046. 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 annual report on Form 20-F filed with the U.S. Securities and Exchange Commission.