Silver Standard Reports Good Values in Challacollo Drilling.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--July 2, 2003 Silver Standard Resources Inc. is pleased to report the first set of drilling results from its recently completed program at the Challacollo silver project which is located in Region 1 of northern Chile. The 16 reverse circulation holes reported here total 1,630 meters and include both infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. and extension holes. The best values were obtained in areas near surface or readily accessible from the existing Buena Ventura Ventura (vĕnt  `rə), city (1990 pop. 92,575), seat of Ventura co., SW Calif., on the Pacific coast in a farm and oil region; inc. 1866. and Catalina Catalina may refer to:In geography:
measure of weight or mass; 1 tonne=1000 kg. See also ton. over 21 meters), and CHAG-29 which intersected 8.0 ounces of silver per ton over 52.5 feet (275 grams of silver per tonne over 16 meters), including 19.6 ounces of silver per ton over 16.4 feet (671 g/t silver over five meters). The best values near the Catalina adit were from CHAG-40 which intersected 11.6 ounces of silver per ton over 45.9 feet (399 grams of silver per tonne over 14 meters), and CHAG-35 which intersected 17.4 ounces of silver per ton over 26.2 feet (598 grams of silver per tonne over eight meters). The three southern-most holes, CHAG-25 through CHAG-27, tested the Lolon vein about 600 meters south of the primary focus of the infill drilling and successfully intersected the vein system but with low silver values. CHAG-36 intersected a new vein approximately 150 meters west of the main Lolon vein structure, illustrating the potential for subsidiary veins to augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: currently defined silver resources at Challacollo. CHAG-36 intersected 7.5 ounces of silver per ton over 16.4 feet (256 g/t silver over five meters). Based on the success achieved to date on the Challacollo property, Silver Standard plans to make its final payment of US$600,000 on August 1, 2003 to acquire a 100% interest in the property, subject to underlying royalties. Silver Standard is a significant silver resource company with projects in Australia Australia (ôstrāl`yə), smallest continent, between the Indian and Pacific oceans. With the island state of Tasmania to the south, the continent makes up the Commonwealth of Australia, a federal parliamentary state (2005 est. pop. , Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. , Chile, Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The company's assets now include measured and indicated resources of 300.4 million ounces of silver and 1.1 million ounces of gold, plus inferred resources of 366.7 million ounces of silver and 1.1 million ounces of gold. Silver Standard is well financed and actively advancing its portfolio with drill programs planned in Mexico and new acquisitions under investigation. Cautionary note to U.S. investors concerning disclosure of estimates of measured, indicated and inferred mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature and contained ounces of silver: The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used in this news release are Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. and mining terms as defined in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with National Instrument 43-101, Standards of Disclosure for Mineral Projects under the guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. set out in the Canadian Institute of Mining, Metallurgy and Petroleum The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is a technical society of professionals in the Canadian minerals, metals, materials and energy industries. It was founded in 1898. In 2006, the organization had 12,000 national members. (the "CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. ") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. from time to time by the CIM. We advise U.S. investors that while such terms are recognized and required under Canadian regulations, the U.S. Securities and Exchange Commission (the "SEC") does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in the measured mineral resource and indicated mineral resource categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of silver resources expressed in ounces in the measured and indicated mineral resource categories and the inferred mineral resource category in this news release is in compliance with National Instrument 43-101, but does not meet the requirements of Industry Guide 7, Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operations, of the SEC, which will accept only the disclosure of tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. and grade estimates for non-reserve mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. .
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Sil-
Inter- Sil- ver
Dip/ From To val ver Gold Inter- (in
Hole (UTM) Azi- (met- (met- (met- (in (in val oz/
No. Location muth res) res) res) g/t) g/t) (feet) ton)
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CHAG
-25 7682613N -50 106 112 6 54 Nil 19.7 1.6
degrees/
464290E 103
degrees
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CHAG
-26 7682393N -45 150 152 2 25 0.12 6.6 0.7
degrees/
464284E 291
degrees
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CHAG
-27 7682521N -48 56 70 14 27 Nil 45.9 0.8
degrees/
464269E 125
degrees
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CHAG
-28 7682866N -60 105 115 10 222 0.54 32.8 6.5
degrees/
464315E 96
degrees
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CHAG
-29 7682956N -45 50 66 16 275 0.34 52.5 8.0
degrees/
464298E 92
degrees
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incl. 50 55 5 671 1.08 16.4 19.6
CHAG
-30 7683026N -45 44 50 6 407 0.44 19.7 11.9
degrees/
464301E 76
degrees
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CHAG
-31 7682983N -47 108 129 21 317 0.15 68.9 9.2
degrees/
464254E 93
degrees
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CHAG
-32 7683123N -54 73 82 9 13 Nil 29.5 0.4
degrees/
464299E 96
degrees
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CHAG
-33 7683113N -45 43 48 5 382 0.99 16.4 11.1
degrees/
464349E 90
degrees
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CHAG
-34 7683162N -45 26 30 4 267 0.07 13.1 7.8
degrees/
464350E 90
degrees
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CHAG
-35 7683204N -40 39 47 8 598 0.5 26.2 17.4
degrees/
464328E 90
degrees
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CHAG
-36 7683302N -541 22 27 5 256 0.11 16.4 7.5
degrees/
464113E 10
degrees
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CHAG
-37 7683335N -44 73 80 7 168 0.92 23.0 4.9
degrees/
464308E 122
degrees
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CHAG
-38 7683337N -47 92 100 8 237 0.31 26.2 6.9
degrees/
464312E 70
degrees
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CHAG
-39 7683429N -45 39 41 2 420 Nil 6.6 12.2
degrees/
464341E 90
degrees
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49 64 15 292 0.27 49.2 8.5
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CHAG
-40 7683358N -44 43 57 14 399 0.75 45.9 11.6
degrees/
464364E 90
degrees
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