Silver lures junior resource firm

Silver lures junior resource firm

By WENDY STUECK
From Saturday's Globe and Mail

VANCOUVER — Junior resource companies tend to go where the action is, piling into commodities or regions based on price trends or promising discoveries.

...

In another reflection of silver prices that climbed by almost 14 per cent last year and by nearly 30 per cent between 1999 and 2004, Silver Standard Resources Inc. is talking about putting some of its assets into production.

Vancouver-based Silver Standard has been buying and holding silver properties for the past 20 years and now claims to hold the world's biggest known underground hoard of silver. Silver Standard has a market value of $695-million (Canadian).

 

Silver Standard Intersects 385 Feet Grading 2.4 oz./ton
Silver Plus Base Metals in Breccia Ridge Zone at Pitarrilla in Mexico
Monday May 9, 9:00 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 9, 2005--Silver Standard Resources Inc. (TSX:SSO; NASDAQ:SSRI) is pleased to report assay results from hole BPD-17 drilled at the newly discovered Breccia Ridge Zone at the company's wholly-owned Pitarrilla silver project located approximately 150 kilometers (90 miles) north of Durango City in the state of Durango, Mexico.

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