S Page Template.
Silver
Standard Resources Inc. SSO
(TSVX)
Also trades on NASDAQ under symbol SSRIF. Four major projects in Mexico as of November, 1996. As of May 30, 1997 company was flush with over $15 million in treasury. (CSW 30May97).
San Marcial Property, Sinaloa. Option 100% interest in property from Gold-Ore Resources Ltd. who had the property under option from Minera Holmex S.A. de C.V. The 1250 ha property is located 90 km due E of Mazatlan. It is a bulk-mineable target that could possibly be mined by open-pit methods. Recent core drilling tested mineralization to 100m depths and returned significant widths of 6 to 18 opt Ag in several holes. Silver Standard Resources Inc.
Silver Standard Resources Inc. is pleased to report intersections of high-grade silver within a halo of lower grade silver values in the recently completed drill program on the San Marcial silver property. The project, located approximately 90 kilometres east of Mazatlan, Mexico, has been optioned from Gold-Ore Resources Ltd. of Vancouver, B.C.
The objective of this program was to evaluate the down dip extensions of high-grade mineralization identified in earlier surface sampling. Consisting of eight core drill holes totalling 1,084 metres, the program targeted three parallel high-grade silver veins between the previously identified San Marcial SE and San Marcial NW areas. The drilling tested 380 metres of strike length of the vein zones to a depth of 150 metres. Significant high-grade results are as follows:
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Core
Hole From To Length Silver Silver Lead Zinc
Number (metres) (metres) (metres)(g/tonne)(oz./ton) (%) (%)
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SM-02-1 9.0 27.0 18.0 41.0 1.2 0.04 0.12
SM-02-2 9.0 12.0 3.0 186.0 5.4 0.12 0.22
SM-02-3 30.0 34.5 4.5 1,592.3 46.5 0.28 0.42
SM-02-4 113.0 116.0 3.0 105.0 3.1 0.03 0.09
SM-02-5 117.0 124.5 7.5 938.7 27.4 0.56 0.89
SM-02-6 33.3 39.3 6.0 209.3 6.1 0.14 0.29
SM-02-6 97.5 100.3 2.8 1,317.0 38.5 0.02 0.25
SM-02-7 52.0 57.5 5.5 620.0 18.1 0.30 0.53
SM-02-7 66.5 71.0 4.5 2,205.3 64.4 1.23 1.83
SM-02-8 Zone not intersected
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All analyses were completed by ALS Chemex Laboratories in North Vancouver, B.C. Analyses were done by fire assay with AA finish, and gravimetric finish when silver assays were greater than 100 parts per million (ppm).
Under amendments to dates in the option agreement with Gold-Ore, Silver Standard can exercise its option to earn a 50% interest through cash payments totalling US$29,000 and exploration expenditures of at least US$175,000 by June 30, 2002 (amended from April 30, 2002).
Silver Standard may then earn up to a 100% in Gold-Ore's option by July 15, 2002 (amended from May 31, 2002), by either issuing 200,000 common shares of Silver Standard with a value of at least US$350,000 or paying to Gold-Ore US$350,000 in cash and common shares of Silver Standard with at least US$150,000 in cash.
Gold-Ore and Silver Standard will be evaluating the results of this drill program, along with other data, prior to Silver Standard undertaking a follow-up drill program with the objective of outlining a significant silver resource on the property.
Silver Standard is a well-financed silver resource company with core projects located in Argentina, Chile, Australia and the United States.Press Release 01May02
Press Release 25Feb02La Currita Mine, Chihuahua. Option agreement in place with IBANCE Division Minas S.A. de C.V. to acquire 100% interest in mine, plant and related concessions located in SW Chihuahua. Presently operating as a 100 tpd operation. Drill inferred resources are reported as conservatively being 780,000 tones at 220 gpt Ag and 2.0 gpt Au. Drilling planned as part of due diligence.
LAMR April, 1998
La Morelense Property: as Las Tuxtlas. An 84 ha parcel was Lies 150 ESE of Veracruz in region known optioned and additional ground staked. Veins 1-2m wide in volcanics with reported grades of upwards of 709 gpt Ag. Significant barite also on property. 1Q97 saw a 3 hole diamond drill program totaling 472 m. Intersected tabular quartz-barite body with high-grade Ag mineralization. Was informed by Mexican authorities that area can not be mined due to region's environmental sensitivity. Silver standard is seeking discussions with Coordinator General de Minas regarding this decision.
LAMR April, 1998
CMH 1998-1999
Coprorate Brochures
NMN 10/28/96Dios Padre Property, Sonora drilling underway. located 157 km E of Guaymas, Brecciated granite intrusive holds high-grade sulfide mineralization. Objective is bulk mineable Ag resource.
Coprorate Brochures
CSW 8Nov96San Miguel Ag Property, Chihuahua. A 800 ha. property located 120 km W of Chihuahua containing veins and bulk-tonnage Ag target where preliminary resource estimates are 1.4 M tonnes at 145 grams Ag. Optioned to earn 50% interest from Pacific Islands Gold NL (?) by spending $1M by year 2000.
CSW 22Nov96
Corporate Brochures
WebSite
Randol at Vancouver '96 exhibitor
News Release 96-B 29Jul96
CSW 2Aug96
GCN #150 2Aug96
LAMR, v3, #8 Aug 96
