-- DDH-230: 24 meters at 1,764 g/t Ag and 4.9% Zn -- DDH-231: 78 meters at 756 g/t Ag and 9.8% Zn -- DDH-232: 25 meters at 425 g/t Ag and 4.4% Zn -- DDH-233: 69 meters at 324 g/t Ag and 5.8% Zn
As of July 25th the Company had completed approximately 19,000 meters of a planned 28,000-meter drilling program on the property using two drill rigs. The Company plans to accelerate drilling on the property during the second half of the year using a third rig that was recently delivered to the site. The drill holes are spaced such that the density of assay data should allow the Company to reclassify inferred resources to the indicated category. Additionally, the drill program is designed to increase Silver Standard\’s previously estimated Cortaderas Valley and Cortaderas Breccia inferred mineral resources as described in our latest NI 43-101 compliant technical report dated December 23, 2011. Periodic updates will be provided as assay results become available.
Details of the Cortaderas Breccia intercepts received to date are presented in Table 1 and Figure 1, respectively. Note that the drill holes reported are oriented at shallow angles to the inferred plunge orientation of the mineralized breccia body. The current drilling program includes drill holes that will intersect the mineralized breccia zone at orientations that are expected to enable the Company to estimate the true thickness of the body.
Table 1: Significant Cortaderas Breccia intercepts as of July 25th, 2012 ---------------------------------------------------------------- FROM TO INTERVAL Ag Zn DRILL HOLE (m) (m) (m) (g/t) (%) ---------------------------------------------------------------- DDH-225 140.20 307.55 167.35 30.32 2.18 ---------------------------------------------------------------- DDH-227 110.00 128.00 18.00 40.35 3.85 ---------------------------------------------------------------- DDH-228 111.00 130.75 19.75 36.91 3.17 ---------------------------------------------------- 139.68 144.00 4.32 43.35 3.32 ---------------------------------------------------------------- DDH-229 87.00 160.25 73.25 77.04 5.32 ---------------------------------------------------- 372.00 384.00 12.00 89.10 8.02 ---------------------------------------------------------------- DDH-230 188.00 214.00 26.00 84.80 4.60 ---------------------------------------------------- 297.00 330.00 33.00 118.38 6.22 ---------------------------------------------------- 338.00 354.00 16.00 56.88 4.33 ---------------------------------------------------- 380.80 404.56 23.76 1,763.73 4.91 ---------------------------------------------------- 435.92 490.00 54.08 798.29 15.60 ---------------------------------------------------------------- DDH-231 220.00 298.00 77.38 756.11 9.78 ---------------------------------------------------------------- DDH-232 188.00 240.40 52.40 66.46 3.37 ---------------------------------------------------- 298.80 311.00 12.20 369.43 4.48 ---------------------------------------------------- 332.00 356.85 24.85 425.36 4.40 ---------------------------------------------------- 411.30 418.83 7.53 99.02 5.19 ---------------------------------------------------------------- DDH-233 126.00 195.33 69.33 324.22 5.76 ---------------------------------------------------------------- Notes to Table 1: 1. Drill holes are oriented at shallow angles to the inferred plunge orientation of mineralized breccia body. 2. Mineralized intercepts are not true thicknesses. Thicknesses are to be determined with follow-up drilling. 3. The assay data presented in Figure 1 have not been capped (top-cut). 4. Reported intervals were selected above a 20 g/t Ag cut-off.
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