Silver Standard cuts high-grade in Mexico

Vancouver – The initial drill results from a 3,100 metre drill program has prompted Silver Standard Resources (SSO-V) to keep drilling the Pitarrilla project, 170 km northwest of Durango, Mexico.

So far, 22 holes have been completed on the Cordon Colorado zone, where three of the initial holes pulled up more than 67 metres of mineralization. Hole 14 cut 79.3 metres (starting at a down-hole depth of 20.3 metres) grading 51.7 grams silver per tonne; hole 15 cut 67.1 metres (from surface) grading 134.7 grams, including 157 grams over the final 35.6 metres; and hole 16 cut 78.2 metres (from surface) grading 130 grams silver per tonne. Holes 15 and 16 were collared at the same site.

Results for seven other holes varied from 46.2 grams over 16.2 metres to 172.9 grams over 62 metres, starting at or near surface. Another three failed to return any significant mineralization.

The latest six holes comprised a fence with some scissor holes 50 to 100 meters southeast of the initial drilling. The best results came in holes 19 and 20, which yielded 123.5 grams of silver over 75.2 metres and 176 grams of silver over 101.6 metres, respectively.

Mineralization has been exposed over an area measuring 700 metres in diameter and is related to structures and breccias located on the perimeter of a collapsed caldera,

Based on the results, Silver Standard has resumed drilling with an aim of completing 20 vertical holes totalling 2,500 metres. The objective is to complete sufficient infill drilling for a resource calculation over a 300-by-300 metre area at Cordon Colorado.

Silver Standard has also outlined two other promising zones on the property: 400 metres to the northeast, the Pena Dike zone covers an area of 350-by-30 metres. Trench samples over the zone returned 145 grams silver of 36 metres and will be drill tested during the current bout of drilling.

Another 1.1 km to the northeast, the Javelina Creek zone is marked by grab samples that returned up to one kg of silver. The junior plans on trenching the zone prior to drill testing.