Silver Standard completes sale of Australian project

26 September 2011 (Last Updated September 26th, 2011 18:30)

Silver Standard Resources has completed the sale of its Bowdens project in New South Wales, Australia.

Silver Standard Resources has completed the sale of its Bowdens project in New South Wales, Australia.

The project was sold to Kingsgate Consolidated for an estimated A$75m.

The silver property consists of a single exploration tenement covering 188km2 and is located 200km north-west of Sydney.

It was discovered by stream sediment sampling in 1988 and to date 395 drill holes totalling 43,309m have been completed.