Canadian Mining Journal

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GOLD RESOURCES: Snowfield, Brucejack host 23.80-M oz AuEq measured and indicted

BRITISH COLUMBIA — Silver Standard Resources of Vancouver has released new 43-101-compliant numbers from...



BRITISH COLUMBIASilver Standard Resources of Vancouver has released new 43-101-compliant numbers from its Snowfield and Brucejack gold-silver-copper projects near Stewart. Together the two deposits contain 23.80 million oz of gold-equivalent in the measured and indicated category and 14.91 million oz of gold-equivalent in the inferred category.

 

At Snowfield, measured and Indicated gold resources are 19.77 million oz, and inferred resources are 10.05 million oz. Silver Standard says this zone also hosts significant copper and molybdenum with measured and Indicated resources of 2.3 billion lb of copper and 174.8 million lb of molybdenum, and Inferred resources of 1.5 billion lb of copper and 169.5 million lb of molybdenum.

The Brucejack area contains six modeled deposits including four deposits previously reported in the Sulphurets resource. Measured and Indicated precious metals resources increased to 4.04 million oz of gold and 65.4 million oz of silver, and inferred resources are 4.87 million oz of gold and 71.5 million oz of silver. The previous Sulphurets resource was focused on the higher grade underground mining potential while the current resource expands those parameters to include surface bulk mining opportunities in light of higher precious metals prices, according to the company.

 

Tables summarizing the resources for each area separately and for the combined areas are available in the news release dated Dec. 1, 2009, and posted at www.Silver-Standard.com.