Silver Standard Reports High Grade Gold-Silver Assays from San Luis Joint Venture in Peru.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography-- Silver Standard (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SSO See single sign-on and CSO. SSO - single sign-on )(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SSRI SSRI selective serotonin reuptake inhibitor. SSRI n. Selective serotonin reuptake inhibitor; a class of drugs that inhibit the reuptake of serotonin in the central nervous system, used to treat depression and other ) is pleased to update shareholders with recently reported high grade trench results from its San Luis San Luis, city (1991 pop. 110,353), capital of San Luis prov., W central Argentina. The city is the commercial center of an area producing cattle, corn, and asparagus; the surrounding area has timber and mineral resources. San Luis is a popular resort. Joint Venture partner, Esperanza Silver Corp. (TSX VENTURE:EPZ EPZ Export Processing Zone EPZ Emergency Planning Zone EPZ Evil Petting Zoo EPZ Export Promotion Zone EPZ Erosion-Prone Zone ). The San Luis property is located in the Ancash district of northern Peru and covers a newly discovered high-grade epithermal vein system. Notable intercepts of gold and silver 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. found in contiguous channels included 13.9 feet of 3.9 ounces of gold and 65.5 ounces of silver per ton (4.23 meters of 134.0 grams of gold and 2246 grams of silver per tonne); 19.7 feet of 2.3 ounces of gold and 60.7 ounces of silver per ton (5.99 meters of 78.4 grams of gold and 2082 grams of silver per tonne); and 28.2 feet of 1.1 ounces of gold and 21.0 ounces of silver per ton (8.59 meters of 36.4 grams of gold and 719 grams of silver per tonne). Channel samples were spaced approximately every 82 feet (25 meters) along the strike length of the Ayelen vein. Individual channels were cut perpendicular to the strike of the vein allowing the full thickness of the vein to be sampled. The channels vary in length from 13.5 to 119.4 feet (4.1 to 36.4 meters). Individual samples within each channel are approximately 3.3 feet (one meter) in length.
The following table summarizes results from all channels on the
Ayelen vein.
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True True
Channel Thickness Gold Silver Thickness Gold Silver
Number (meters) (g/t) (g/t) (feet) (oz./ton) (oz./ton)
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A1 Best sample 0.1 5.3 Best sample Trace 0.2
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A2 Best sample 1.2 64.0 Best sample 0.03 1.9
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A3 0.99 5.7 396.0 3.2 0.17 11.5
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A4 Best sample 0.5 46.0 Best sample 0.01 1.3
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A5 1.59 7.3 644.0 5.2 0.21 18.8
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A6 Best sample 0.1 12.0 Best sample Trace 0.3
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A7 Best sample 0.4 24.0 Best sample Trace 0.7
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A7-1 Best sample 3.8 110.0 Best sample 0.11 3.2
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A8 1.86 10.7 272.0 6.1 0.31 7.9
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A9 2.52 58.0 1,961.0 8.3 1.69 57.2
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A10 4.23 134.0 2,246.0 13.9 3.91 65.5
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and 1.64 12.5 102.0 5.4 0.36 3.0
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A11 5.99 78.4 2,082.0 19.7 2.29 60.7
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and 0.98 18.2 180.0 3.2 0.53 5.2
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A12 8.59 36.4 719.0 28.2 1.06 21.0
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A13 7.14 33.3 704.0 23.4 0.97 20.5
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A14 2.64 23.2 265.0 8.7 0.68 7.7
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A15 1.07 26.5 272.0 3.5 0.77 7.9
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A16 2.09 19.6 309.0 6.9 0.57 9.0
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Intervals have been calculated only for samples greater than five grams of gold per tonne. The Ayelen vein is one of five known veins at the San Luis project. Together they have a total length of over five kilometers and Ayelen itself has been traced for approximately 750 meters on the surface. The veins exhibit many of the typical features of high-grade bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West precious metal systems. The map on Silver Standard's web site shows a section of the vein. Systematic channel sampling continues on Ayelen and the other four veins. At the same time the joint venture is well advanced in the drill-permit application process and the establishment of a community relations program That command function that evaluates public attitudes, identifies the mission of a military organization with the public interest, and executes a program of action to earn public understanding and acceptance. . Initial drilling will begin as soon as possible. The project is held in a 50-50 joint-venture with Silver Standard and Esperanza Silver. Silver Standard is currently increasing its interest to 55% by funding the next US$500,000 for on-going exploration. William Pincus, M.Sc., CPG CPG central pattern generators. ., and President, Esperanza Silver Corp. is the Qualified Person (QP) under NI 43-101 responsible for the San Luis exploration program. He has verified the data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted by Esperanza personnel under his supervision. All samples were submitted to SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions laboratories in Lima, Peru for analysis. Samples were analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. analysis and fire assay. To receive Silver Standard's news releases by e-mail, contact Paul LaFontaine, director, investor relations Investor relations The process by which the corporation communicates with its investors. at invest@silverstandard.com or call (888) 338-0046. The statements that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 SEC Form 20F as amended. To view the map accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/SSO0307.pdf The TSX has neither approved nor disapproved of the information co ntained herein. Silver Standard Resources Inc. (TSX:SSO) (NASDAQ:SSRI) |
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