07:09 AM EST, 11/08/2016 (MT Newswires) -- Silver Standard Resources (SSO.TO) - which lost more than 3% on both the TSX and NASDAQ on Monday - said that the results of its exploration program at the Marigold mine in Nevada and at Seabee operations in Saskatchewan, Canada, demonstrate resource growth potential.

At Marigold, in-fill drilling extended the high-grade structure at the HideOut area by 150 meters, with drill hole MRA6341 intersecting 3.25 g/t (gram per tonne) gold over 18.3 meters.

At Seabee, a total of 43,315 meters from underground and 16,643 meters from surface in 149 and 44 diamond drill holes, respectively, was completed.

Commenting on the results, CEO Paul Benson said: "We expect our exploration activity at both operations will positively impact our 2016 Mineral Reserves statement, generating value for our shareholders. Infill and conversion drilling at Seabee indicate the potential to grow our Mineral Resources at that high-margin operation, while we broaden our scope in the district targeting a new discovery in 2017."

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