U.S.REPORT Silver Standard plans program for Chandler

Now that a joint venture has been formed to explore the 1,150-acre Chandler gold property near Weiser, Idaho, Silver Standard Resources (VSE) will oversee a $65,000 surface program consisting of geochemistry, geology and geophysics. Silver Standard and Carlin Resources (VSE) will each have a 25% interest in the joint venture, while Bradner Resources (VSE) and Gold Canyon Resources (VSE) will share a 50% interest.

The Chandler property, to be acquired 100% by the new joint venture, is east of and contiguous with the Blue Dog gold property being drilled by Bradner and Gold Canyon. The Blue Dog project is reported to host preliminary reserves of six million tons grading 0.025 oz. gold per ton.

According to Silver Standard, gold mineralization on the Chandler property is similar to that found on the Blue Dog property and associated with hot spring silica domes.