VANCOUVER, Nov. 6, 2018 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") provides an update on its exploration activities and results at its Marigold mine in Nevada, U.S., and Seabee Gold Operation in Saskatchewan, Canada for the period from August 1, 2017 to September 30, 2018 (the "Exploration Period").
At the Seabee Gold Operation, confirmation of a discovery at the Santoy Gap hanging wall ("HW") is expected to define new gold Mineral Resources when we report our Mineral Resources and Mineral Reserves estimates for year-end 2018. Drill results at Santoy Gap HW include:
Drillhole SUG-18-622 intersected 25.6 g/t gold over 4.1 meters true width; and
Also at the Seabee Gold Operation, infill drilling at Santoy 8A is expected to convert Inferred Mineral Resources to the Indicated category when we report our Mineral Resources and Mineral Reserves estimates for year-end 2018. Drill results at Santoy 8A include:
Drillhole SUG-18-941 intersected 11.2 g/t gold over 18.5 meters true width; and
Drillhole SUG-18-943 intersected 14.1 g/t gold over 7.0 meters true width; and
Infill drill results for the Red Dot area at the Marigold mine include:
Drillhole MRA6626 intersected 3.4 g/t gold over 71.6 meters intersected width, including 8.9 g/t gold over 25.9 meters intersected width; and
Drillhole MRA6647 intersected 1.2 g/t gold over 185.9 meters intersected width, including two higher grade intervals of 8.8 g/t gold over 6.1 meters, and 3.6 g/t gold over 32.0 meters.
Paul Benson, President and CEO said, "Our exploration investments at Seabee and Marigold continue to yield significant results. Importantly, results at Seabee continue to confirm the strong prospectivity and long-life nature of the Santoy mine. At Marigold we are also encouraged by results from drilling at Red Dot and Mackay, as we look to continue our long-term track record of replacing and growing reserves concurrent with the assessment of an expansion in mid-2019. Our exploration programs are a key driver of value and growth for our shareholders, and continue at full pace as we move into the end of the year."
Seabee Gold Operation, Canada
At the Seabee Gold Operation, total year to date diamond drilling includes 35,258 meters from underground in 104 holes and 15,390 meters from surface in 61 holes. Recent results increase confidence in the continuity of gold mineralization at Santoy Gap HW (see Figure 1). Drilling during the third quarter at Santoy Gap HW included results from 30 drill holes. These holes, along with exploration results since September 2017, have provided clarity to the controlling structure along with continued high grade gold intercepts. These are found on the footwall side of an S-folded attenuated granodiorite intrusion that dips and plunges in a similar manner to the Santoy Gap deposits. On the 46 level, as shown in Figures 2 and 3, this mineralized zone is located 100 meters from existing infrastructure, and can be accessed easily.
We expect this new discovery at Santoy Gap HW to contribute new, additional Mineral Resources when we report our Mineral Resources and Mineral Reserves estimates for year-end 2018.
At Santoy 8A we completed 72 holes in the Exploration Period towards converting Inferred Mineral Resources to Indicated Mineral Resources, and this work is on-going. Results to date have been positive and increase our confidence that the majority of the Santoy 8A area that we have drilled will be upgraded in classification providing additional Mineral Reserves at year-end 2018.
At the early-stage Fisher project our objective is to discover a new zone with Inferred Mineral Resource potential. Work during 2018 has comprised mapping, prospecting, soil and overburden sampling, and drilling of 18 holes for a total of 10,416 meters. Results from the prospecting and drilling have identified new gold bearing quartz vein shear zone exposures, while the first pass drill results have yielded anomalous gold results. The widespread nature of the gold occurrences at Fisher and their geologic similarities to the Seabee and Santoy mines reinforces our view of prospectivity of this extensive property package. Drilling is presently underway on these new targets.
Marigold mine, U.S.
At the Marigold mine, total year to date drilling includes 72,017 meters primarily focused on Red Dot and Mackay with the objective to convert Mineral Resources to Mineral Reserves. During the third quarter at Red Dot and Mackay, we received results from 44 holes that together with earlier drilling, increases our confidence that a portion of the Red Dot Inferred Mineral Resources will be upgraded at year-end 2018 (see Figures 4, 5 and 6). If the current Inferred Mineral Resources upgrade work is successful, the upgraded Mineral Resources will be subject to additional geotechnical drilling and engineering during the first half of 2019 with the goal of declaring a Mineral Reserve at Red Dot and also an updated mine plan by mid-year 2019.
Table 1. Selected drillhole results from Seabee Gold Operation, Saskatchewan, Canada for the Exploration Period.
Hole ID
From (meters)
To (meters)
Mine E (midpoint)1
Mine N (midpoint)1
Elevation (midpoint)1
Gold (g/t)2
True Width (meters)
Zone
JOY-17-770
418.9
421.5
4760.5
5043.3
-315.4
17.31
2.54
8A FW
JOY-17-771
411
417.9
4774.4
5047.5
-312.0
3.89
6.83
8A
JOY-18-772
258.7
261.7
3695.2
4779.1
-230.4
18.35
2.69
9A
JOY-18-793
237.6
247.2
3794.5
4739.9
-170.2
4.62
9.41
9A
JOY-18-794
254.3
256.6
3797.0
4774.8
-210.0
9.72
2.10
9A
JOY-18-799
245.8
250.9
3767.1
4758.8
-193.0
11.97
4.83
9A
JOY-18-801
163.0
167.5
3860.9
4764.9
-137.2
17.04
4.14
9B
JOY-18-807
90.7
94.3
3852.8
4708.3
-86.9
27.53
2.61
9C
JOY-18-810
64.8
68.1
3899.8
4687.0
-43.0
32.15
3.23
9C
JOY-18-831
260.6
272.0
4296.7
5223.5
-251.5
3.74
10.68
HW
SUG-17-046
188.4
191
3620.4
4982.4
-421.5
21.66
1.21
9C
SUG-17-048
185
196.6
3627.0
4969.4
-417.9
3.47
6.09
9A
SUG-17-049
142.9
148.4
3673.7
4992.2
-433.1
5.94
3.47
9C
SUG-17-050
144.7
148
3685.0
4989.7
-450.4
14.77
2.43
9B
SUG-17-052
229.1
231
3612.9
4921.1
-378.3
27.28
0.84
9A
SUG-17-058
215.0
218.1
3897.6
5094.1
-569.1
37.64
1.86
9A
SUG-17-600
312.1
323.6
4146.0
5240.7
-391.5
4.39
7.47
HW
SUG-17-614
325.9
331.6
3897.7
5265.3
-488.1
11.27
2.85
HW
SUG-17-923
468.4
473.3
4525.0
5325.2
-605.9
24.00
2.14
8A
SUG-17-926
713.8
720.0
4561.6
5442.1
-821.2
12.46
2.21
8A
SUG-18-605
261.0
270.0
4227.0
5283.1
-322.0
6.31
8.49
HW
SUG-18-608
178.1
185.0
4174.4
5224.1
-373.2
6.20
6.44
HW
SUG-18-609
233.7
250.5
4186.8
5289.7
-377.5
3.73
12.92
HW
SUG-18-611
202.5
208.7
4138.1
5259.4
-405.1
4.54
4.84
HW
SUG-18-612
216.4
228.2
4103.8
5274.6
-447.8
12.32
4.82
HW
SUG-18-613
218.7
227.7
4073.3
5265.3
-442.6
7.07
6.30
HW
SUG-18-622
228.2
235.5
4094.9
5287.5
-445.2
25.60
4.10
HW
SUG-18-624
187.0
191.0
4105.3
5238.0
-409.1
8.16
3.67
HW
SUG-18-625
204.3
215.5
4072.8
5251.8
-432.2
7.82
8.14
HW
SUG-18-907
158.8
162.3
4261.7
5130.7
-460.9
32.45
2.54
8A
SUG-18-908
169.0
173.8
4286.6
5128.2
-452.3
14.87
3.44
8A
SUG-18-909
177.9
183.1
4317.1
5134.8
-450.4
20.51
3.26
8A
SUG-18-910
119.4
122.6
4256.7
5224.8
-552.1
13.80
3.02
8A
SUG-18-913
117.5
124.6
4238.9
5193.7
-532.0
12.17
7.04
8A
SUG-18-926
128.5
131.1
4262.7
5174.6
-497.4
17.61
2.28
8A
SUG-18-927
208.2
213.9
4292.1
5094.0
-420.9
9.12
3.36
8A
SUG-18-928
122.2
125.2
4270.0
5220.5
-541.6
15.56
2.73
8A
SUG-18-930
148.7
154.5
4315.7
5192.5
-511.5
13.57
4.54
8A
SUG-18-931
140.8
150.7
4305.2
5223.3
-546.2
3.20
8.10
8A
SUG-18-933
133.9
142.1
4284.6
5244.8
-563.8
4.86
6.80
8A
SUG-18-935
181.7
194.1
4366.9
5225.9
-539.6
4.01
7.75
8A
SUG-18-937
176.3
186.8
4350.6
5240.0
-560.4
3.28
7.27
8A
SUG-18-938
213.8
223.6
4395.5
5249.9
-565.1
13.23
5.67
8A
SUG-18-940
168.1
185.5
4328.6
5262.1
-583.7
3.44
11.78
8A
SUG-18-941
148.4
173.1
4296.1
5266.4
-589.4
11.20
18.52
8A
SUG-18-943
151.2
160.6
4311.9
5172.9
-490.7
14.09
7.04
8A
SUG-18-950
153.9
160.3
4331.5
5221.6
-539.6
7.69
4.79
8A
SUG-18-951
245.7
255.1
4443.4
5210.9
-526.2
10.42
4.47
8A
SUG-18-954
204.7
210.1
4362.3
5279.1
-604.1
11.63
3.34
8A
SUG-18-955
193.0
202.3
4331.3
5283.8
-617.0
12.49
6.32
8A
SUG-18-956
270.8
284.2
4423.4
5302.1
-641.4
3.97
6.65
8A
SUG-18-958
174.1
184.0
4280.8
5292.7
-622.5
8.48
6.82
8A
Notes: Drillholes presented in this table have gram-meter product greater than 20.
1
Midpoints of the intercept determined where mineralized structure intersected.
2
Gold values cut to 75 g/t.
Table 2. Selected drillhole results from the Marigold mine, Nevada, U.S. for the Exploration Period.
Hole ID
From (meters)
To (meters)
Width (meters)
Gold (g/t)
Area
MR6496
173.7
259.1
85.3
0.28
Valmy Pit
MRA6508
303.3
342.9
39.6
0.71
Red Dot
MRA6510
374.9
408.4
33.5
0.64
Red Dot
MRA6512
301.8
352.0
50.3
0.95
Red Dot
MR6515
172.2
210.3
38.1
0.71
Valmy Pit
(and)
231.6
268.2
36.6
0.70
MR6517
269.7
317.0
47.2
0.79
Mackay Pit
MRA6523
262.1
283.5
21.3
1.85
Mackay Pit
MRA6526
243.8
259.1
15.2
1.55
Mackay Pit
MRA6527
85.3
149.4
64.0
0.50
Mackay Pit
MRA6533
67.1
147.8
80.8
0.33
Mackay Pit
MR6540
195.1
216.4
21.3
1.49
Valmy Pit
MRA6545
161.5
199.6
38.1
0.87
East Basalt
MRA6546
204.2
224.0
19.8
1.06
East Basalt
MRA6558
135.6
195.1
59.4
0.84
East Basalt
MRA6563
269.7
358.1
88.4
1.09
Red Dot
(and)
361.2
381.0
19.8
2.97
(including)
361.2
376.4
15.2
3.73
MRA6564
213.4
365.8
152.4
0.61
Red Dot
MRA6565
94.5
150.9
56.4
0.37
East Basalt
MRA6570
269.7
291.1
21.3
1.13
East Basalt
MRA6572
274.3
335.3
61.0
0.83
Red Dot
(and)
344.4
419.1
74.7
1.28
(including)
362.7
390.1
27.4
2.82
MRA6573
234.7
265.2
30.5
1.11
East Basalt
MRA6575
281.9
303.3
21.3
1.87
Mackay Pit
MRA6577
65.5
89.9
24.4
2.76
East Basalt
(including)
67.1
74.7
7.6
7.33
(and)
254.5
336.8
82.3
1.47
(including)
257.6
288.0
30.5
3.51
MRA6578
275.8
303.3
27.4
1.69
Red Dot
MRA6580
149.4
275.8
126.5
0.69
Mackay Pit
MRA6585
263.7
298.7
35.1
1.54
Mackay Pit
MRA6586
192.0
224.0
32.0
1.02
East Basalt
MRA6589
306.3
382.5
76.2
0.52
Red Dot
MRA6590
292.6
304.8
12.2
2.73
Red Dot
(and)
320.0
358.1
38.1
0.75
MRA6594
27.4
253.0
225.6
0.20
Mackay Pit
(and)
195.1
228.6
33.5
0.72
MRA6595
196.6
268.2
71.6
0.38
Mackay Pit
MRA6596
217.9
266.7
48.8
0.89
Red Dot
(and)
312.4
364.2
51.8
0.42
MRA6599
251.5
283.5
32.0
1.78
Mackay Pit
(including)
259.1
271.3
12.2
4.03
MRA6600
257.6
301.8
44.2
0.71
Red Dot
MRA6603
271.3
381.0
109.7
0.77
Red Dot
MRA6610
329.2
432.8
103.6
0.47
Red Dot
MRA6612
344.4
367.3
22.9
4.61
Mackay Pit
MRA6616
324.6
364.2
39.6
0.61
Mackay Pit
MRA6619
256.0
309.4
53.3
0.46
Red Dot
MRA6620
185.9
219.5
33.5
2.28
Red Dot
(including)
193.5
219.5
25.9
2.90
MRA6621
310.9
323.1
12.2
1.83
Red Dot
(and)
333.8
367.3
33.5
0.93
MRA6625
224.0
335.3
111.3
0.76
Red Dot
MRA6626
256.0
327.7
71.6
3.42
Red Dot
(including)
269.7
295.7
25.9
8.90
MRA6627
242.3
307.8
65.5
0.87
Red Dot
MRA6628
242.3
275.8
33.5
0.89
Red Dot
MRA6632
294.1
338.3
44.2
0.61
Red Dot
MRA6633
109.7
141.7
32.0
0.91
Mackay Pit
MRA6635
213.4
236.2
22.9
1.00
Red Dot
MRA6637
214.9
246.9
32.0
1.11
Mackay Pit
MRA6638
123.4
196.6
73.2
0.49
Mackay Pit
MRA6639
234.7
394.7
160.0
1.00
Red Dot
(including)
274.3
297.2
22.9
4.88
MRA6641
304.8
349.0
44.2
1.77
Red Dot
(including)
304.8
336.8
32.0
2.15
MRA6642
301.8
367.3
65.5
1.22
Red Dot
MRA6644
321.6
396.2
74.7
0.80
Red Dot
MRA6645
275.8
300.2
24.4
1.45
Red Dot
(and)
315.5
350.5
35.1
0.86
MRA6646
271.3
356.6
85.3
0.73
Red Dot
MRA6647
213.4
399.3
185.9
1.23
Red Dot
(including)
268.2
274.3
6.1
8.83
(including)
283.5
315.5
32.0
3.63
MRA6650
329.2
362.7
33.5
0.61
Red Dot
MRA6651
245.4
277.4
32.0
0.67
Red Dot
MRA6652
211.8
356.6
144.8
0.70
Red Dot
MRA6653
275.8
326.1
50.3
0.90
Red Dot
(and)
335.3
374.9
39.6
0.56
MRA6654
266.7
294.1
27.4
0.89
Red Dot
MRA6656
239.3
268.2
29.0
1.04
Red Dot
(and)
285.0
353.6
68.6
1.61
(including)
313.9
329.2
15.2
4.33
MRA6658
310.9
355.1
44.2
0.76
Red Dot
MRA6660
272.8
329.2
56.4
0.98
Red Dot
(and)
329.2
413.0
83.8
0.27
MRA6661
291.1
344.4
53.3
1.44
Red Dot
(including)
297.2
309.4
12.2
3.62
MRA6667
320.0
349.0
29.0
0.86
Red Dot
MRA6669
333.8
367.3
33.5
3.16
Red Dot
(including)
335.3
355.1
19.8
4.97
MRA6670
275.8
338.3
62.5
0.56
Red Dot
MRA6676
118.9
149.4
30.5
1.72
Mackay Pit
(including)
120.4
132.6
12.2
4.02
MRA6679
111.3
138.7
27.4
1.68
Mackay Pit
MRA6683
291.1
339.9
48.8
1.05
Red Dot
MRA6685
228.6
248.4
19.8
1.24
Red Dot
MRA6686
189.0
249.9
61.0
0.41
Red Dot
MRA6690
231.6
393.2
161.5
0.70
Red Dot
MRA6691
260.6
303.3
42.7
0.66
Red Dot
MRA6692
260.6
332.2
71.6
1.31
Red Dot
(including)
285.0
304.8
19.8
3.13
MRA6694
271.3
294.1
22.9
1.59
Red Dot
(and)
294.1
364.2
70.1
0.74
MRA6699
143.3
181.4
38.1
0.60
Mackay Pit
MRA6704
309.4
365.8
56.4
0.38
Red Dot
MRA6707
71.6
155.4
83.8
0.33
Mackay Pit
MRA6711
330.7
428.2
97.5
0.32
Red Dot
MRA6713
339.9
393.2
53.3
0.49
Red Dot
MRA6714
266.7
303.3
36.6
0.58
Red Dot
MRA6717
256.0
307.8
51.8
0.77
Red Dot
MRA6722
376.4
413.0
36.6
0.68
Red Dot
MRA6723
341.4
425.2
83.8
0.49
Red Dot
MRA6728
257.6
300.2
42.7
0.64
Red Dot
(and)
309.4
382.5
73.2
0.32
MRA6729
256.0
280.4
24.4
1.82
Red Dot
MRA6730
172.2
208.8
36.6
1.48
Mackay Pit
(including)
182.9
189.0
6.1
7.21
MR6731
149.4
161.5
12.2
2.00
Mackay Pit
MRA6732
117.3
143.3
25.9
0.94
Mackay Pit
MRA6733
327.7
339.9
12.2
1.72
Red Dot
MRA6734
289.6
353.6
64.0
0.49
Red Dot
MRA6738
312.4
315.5
3.0
6.56
Red Dot
(and)
364.2
393.2
29.0
0.87
MRA6740
390.1
417.6
27.4
1.10
Red Dot
MRA6743
117.3
179.8
62.5
1.45
Mackay Pit
(including)
118.9
129.5
10.7
6.82
MRA6744
102.1
144.8
42.7
0.79
Mackay Pit
MRA6747
214.9
379.5
164.6
0.55
Red Dot
MRA6749
268.2
283.5
15.2
1.41
Red Dot
MRA6751
268.2
310.9
42.7
0.74
Red Dot
MRA6758
260.6
414.5
153.9
0.45
Red Dot
MRA6765
243.8
309.4
65.5
0.40
Red Dot
MRA6771
204.2
211.8
7.6
6.59
Mackay Pit
MRA6772
53.3
76.2
22.9
1.20
Mackay Pit
MRA6775
210.3
315.5
105.2
0.67
Red Dot
Notes: Width in meters represents downhole intersected length, which may or may not be a true thickness of the mineralization. Drillholes presented in this table have gram-meter product greater than 20.
Table 3. Collar locations from the 2018 exploration drill programs at the Marigold mine, Nevada, U.S. for the Exploration Period.
HOLE ID
UTM-N (Nad27 Zone11)
UTM-E (Nad27 Zone11)
Elevation (masl)
Azimuth (deg.)
Dip (deg.)
Length (meters)
Area
MR6496
4504346
487089
1926
120
-89
367
Valmy Pit
MRA6508
4507547
485065
1590
84
-69
343
Red Dot
MRA6509
4508072
484747
1586
87
-70
428
Red Dot
MRA6510
4508035
484765
1589
90
-75
428
Red Dot
MRA6511
4508127
484793
1580
90
-74
428
Red Dot
MRA6512
4508157
484800
1579
91
-74
428
Red Dot
MR6514
4504347
487140
1924
225
-90
396
Valmy Pit
MR6515
4504348
487116
1925
127
-89
379
Valmy Pit
MR6516
4504316
487085
1940
346
-90
386
Valmy Pit
MR6517
4507274
485067
1604
64
-89
392
Mackay Pit
MRA6518
4508096
484835
1580
97
-75
367
Red Dot
MRA6519
4503531
487799
2117
307
-71
274
Hollow Point
MRA6520
4503399
487444
2060
132
-70
386
Hollow Point
MRA6521
4503730
487774
2086
268
-51
221
Hollow Point
MRA6522
4503677
487777
2095
269
-49
325
Hollow Point
MRA6523
4507249
485061
1604
88
-56
383
Mackay Pit
MRA6524
4503799
487737
2075
265
-51
171
Hollow Point
MRA6525
4507274
485067
1604
86
-76
386
Mackay Pit
MRA6526
4507274
485068
1604
89
-51
367
Mackay Pit
MRA6527
4507155
485224
1508
272
-88
200
Mackay Pit
MRA6528
4503469
485984
1860
81
-76
337
East Basalt
MRA6529
4503674
487710
2093
269
-49
305
Hollow Point
MRA6530
4503585
487288
2030
270
-65
264
Hollow Point
MRA6531
4503647
485912
1862
274
-56
367
East Basalt
MRA6532
4503312
487288
2048
265
-66
270
Hollow Point
MRA6533
4507059
485201
1498
88
-64
184
Mackay Pit
MR6534
4504744
487111
1852
100
-89
215
Valmy Pit
MRA6535
4504680
487146
1852
92
-71
215
Valmy Pit
MRA6536
4507089
485327
1455
89
-54
123
Mackay Pit
MRA6537
4507029
485282
1455
90
-45
123
Mackay Pit
MRA6538
4506973
485222
1489
86
-87
184
Mackay Pit
MR6539
4504861
487200
1859
220
-89
245
Valmy Pit
MR6540
4504350
487233
1902
302
-90
322
Valmy Pit
MR6541
4504350
486998
1916
184
-89
306
Valmy Pit
MR6542
4504102
486152
1886
72
-89
306
Show Down
MR6543
4504321
486372
1849
214
-88
337
Show Down
MRA6544
4503554
485880
1840
270
-62
337
East Basalt
MRA6545
4503526
485862
1835
268
-78
276
East Basalt
MRA6546
4503431
485887
1848
81
-75
337
East Basalt
MRA6547
4503405
485876
1850
270
-70
306
East Basalt
MRA6548
4503340
485895
1867
271
-76
276
East Basalt
MRA6549
4503372
485890
1861
267
-75
337
East Basalt
MRA6550
4503406
485879
1850
90
-75
227
East Basalt
MR6551
4503490
485971
1853
206
-90
276
East Basalt
MR6552
4503557
485920
1833
119
-89
337
East Basalt
MR6553
4504652
486414
1875
55
-89
337
Show Down
MR6554
4504557
486623
1891
132
-90
337
Show Down
MR6555
4504439
486546
1875
125
-88
337
Show Down
MR6556
4504464
486538
1877
59
-90
337
Show Down
MR6557
4503800
486518
1931
16
-89
337
Show Down
MRA6558
4503219
485770
1796
83
-49
337
East Basalt
MRA6559
4503190
485715
1801
87
-56
276
East Basalt
MRA6560
4503038
485728
1857
86
-49
367
East Basalt
MRA6561
4507791
484997
1574
270
-80
393
Red Dot
MRA6562
4507823
484945
1573
89
-80
245
Red Dot
MRA6563
4507666
484779
1590
89
-83
428
Red Dot
MRA6564
4507667
484779
1590
91
-75
413
Red Dot
MRA6565
4503463
485846
1832
267
-62
367
East Basalt
MRA6566
4507820
484941
1572
86
-76
392
Red Dot
MR6567
4503532
485941
1836
70
-89
337
East Basalt
MRA6568
4503613
485942
1851
259
-75
337
East Basalt
MRA6569
4503614
485940
1852
260
-66
367
East Basalt
MRA6570
4503613
485941
1851
261
-54
367
East Basalt
MRA6571
4503586
485994
1845
87
-76
276
East Basalt
MRA6572
4507728
484757
1605
84
-80
443
Red Dot
MRA6573
4503584
485929
1843
88
-74
322
East Basalt
MRA6574
4507728
484757
1605
86
-66
410
Red Dot
MRA6575
4507975
485272
1600
270
-75
367
Mackay Pit
MR6576
4503613
485941
1851
200
-89
337
East Basalt
MRA6577
4503612
485943
1851
87
-75
337
East Basalt
MRA6578
4507517
484934
1582
86
-63
383
Red Dot
MRA6579
4507487
485320
1645
89
-72
291
Mackay Pit
MRA6580
4507487
485321
1645
89
-59
276
Mackay Pit
MRA6581
4503547
485961
1839
88
-80
352
East Basalt
MRA6582
4508004
485360
1615
91
-84
306
Mackay Pit
MRA6583
4508004
485362
1615
90
-51
276
Mackay Pit
MRA6584
4508036
485332
1615
277
-73
337
Mackay Pit
MRA6585
4508036
485331
1614
265
-56
367
Mackay Pit
MRA6586
4503556
485882
1842
270
-82
276
East Basalt
MRA6587
4508069
485316
1606
95
-80
230
Mackay Pit
MRA6588
4508069
485317
1606
92
-56
200
Mackay Pit
MRA6589
4507364
484913
1589
84
-80
383
Red Dot
MRA6590
4507517
484934
1582
85
-81
383
Red Dot
MRA6591
4507730
485285
1614
88
-76
322
Mackay Pit
MR6592
4507728
485223
1615
131
-90
276
Mackay Pit
MRA6593
4507487
484950
1585
86
-73
367
Red Dot
MRA6594
4507699
485226
1614
96
-78
285
Mackay Pit
MRA6595
4507699
485228
1614
95
-50
367
Mackay Pit
MRA6596
4507334
484916
1590
81
-81
398
Red Dot
MRA6597
4508066
485281
1607
319
-83
306
Mackay Pit
MRA6598
4508067
485284
1607
58
-71
322
Mackay Pit
MRA6599
4508004
485258
1607
276
-85
398
Mackay Pit
MRA6600
4507182
484857
1592
83
-63
443
Red Dot
MRA6601
4507334
484917
1590
86
-73
398
Red Dot
MRA6602
4507485
484753
1593
82
-73
398
Red Dot
MRA6603
4507213
484924
1595
79
-86
413
Red Dot
MRA6604
4507546
485008
1585
84
-63
383
Red Dot
MRA6605
4507211
485054
1606
79
-69
367
Red Dot
MRA6606
4507516
484673
1600
88
-75
428
Red Dot
MRA6607
4507516
484718
1598
86
-65
419
Red Dot
MRA6608
4507945
485275
1599
266
-84
337
Mackay Pit
MRA6609
4507547
484661
1599
87
-74
386
Red Dot
MRA6610
4507547
484660
1599
87
-56
443
Red Dot
MRA6611
4507517
484503
1615
86
-74
413
Red Dot
MRA6612
4507945
485275
1599
269
-66
367
Mackay Pit
MRA6613
4507945
485275
1600
84
-73
306
Mackay Pit
MR6614
4507975
485273
1600
205
-89
306
Mackay Pit
MRA6615
4507975
485272
1600
89
-77
306
Mackay Pit
MRA6616
4508005
485256
1599
267
-73
398
Mackay Pit
MRA6617
4507177
484991
1601
82
-65
367
Red Dot
MRA6618
4507485
484591
1609
88
-74
459
Red Dot
MRA6619
4507239
484946
1594
89
-86
398
Red Dot
MRA6620
4507239
484946
1594
80
-72
245
Red Dot
MRA6621
4507486
484869
1582
88
-80
367
Red Dot
MRA6622
4507485
484591
1609
86
-65
459
Red Dot
MRA6623
4507553
484568
1604
86
-76
459
Red Dot
MR6624
4507181
484712
1600
167
-90
443
Red Dot
MRA6625
4507181
484713
1599
86
-80
443
Red Dot
MRA6626
4507181
484757
1591
85
-80
443
Red Dot
MRA6627
4507181
484758
1591
84
-70
443
Red Dot
MRA6628
4507517
485130
1599
86
-65
352
Red Dot
MRA6629
4507577
485335
1645
89
-71
293
Mackay Pit
MRA6630
4507242
484631
1605
82
-80
425
Red Dot
MRA6631
4507212
484639
1603
89
-86
428
Red Dot
MRA6632
4507211
484639
1603
86
-80
425
Red Dot
MRA6633
4507577
485337
1645
92
-46
276
Mackay Pit
MRA6634
4507517
485131
1600
87
-59
352
Red Dot
MRA6635
4507517
485131
1599
84
-45
352
Red Dot
MRA6636
4507604
485326
1645
87
-70
276
Mackay Pit
MRA6637
4507604
485327
1645
84
-58
306
Mackay Pit
MRA6638
4507604
485328
1645
84
-44
317
Mackay Pit
MRA6639
4507211
484704
1595
89
-80
428
Red Dot
MRA6640
4507486
485114
1597
84
-73
367
Red Dot
MRA6641
4507486
484870
1582
84
-73
367
Red Dot
MRA6642
4507486
485114
1597
85
-67
367
Red Dot
MRA6643
4507211
484820
1591
89
-80
413
Red Dot
MRA6644
4507242
484852
1590
83
-86
421
Red Dot
MRA6645
4507273
484670
1601
83
-79
443
Red Dot
MRA6646
4507120
484889
1596
83
-73
398
Red Dot
MRA6647
4507242
484748
1590
84
-82
413
Red Dot
MRA6648
4507397
484742
1591
86
-84
428
Red Dot
MRA6649
4507397
484743
1591
87
-76
422
Red Dot
MRA6650
4507455
484876
1584
87
-69
383
Red Dot
MRA6651
4507394
485101
1603
84
-71
337
Red Dot
MRA6652
4507273
484783
1589
88
-86
413
Red Dot
MRA6653
4507273
484784
1589
85
-71
422
Red Dot
MRA6654
4507424
485101
1598
84
-74
367
Red Dot
MRA6655
4507304
484766
1588
87
-76
334
Red Dot
MRA6656
4507457
484751
1591
85
-79
398
Red Dot
MRA6657
4507457
484752
1591
84
-72
404
Red Dot
MRA6658
4507426
484660
1600
85
-79
459
Red Dot
MRA6660
4507333
484715
1596
85
-75
413
Red Dot
MRA6661
4507551
484908
1581
81
-81
352
Red Dot
MRA6662
4507551
484909
1581
84
-61
396
Red Dot
MR6663
4507760
485222
1584
242
-90
393
Mackay Pit
MRA6664
4507760
485223
1584
89
-77
375
Mackay Pit
MRA6665
4507273
485005
1598
87
-80
367
Red Dot
MRA6666
4507121
484650
1604
86
-75
447
Red Dot
MRA6667
4507121
484650
1604
84
-66
454
Red Dot
MRA6668
4507059
484724
1595
85
-75
413
Red Dot
MRA6669
4507423
484891
1585
82
-78
367
Red Dot
MRA6670
4507361
485028
1596
85
-81
367
Red Dot
MR6671
4508098
485460
1585
211
-89
261
Mackay Pit
MRA6672
4508126
485481
1585
91
-75
276
Mackay Pit
MRA6673
4508095
485480
1585
90
-55
261
Mackay Pit
MRA6674
4507453
484977
1587
83
-75
383
Red Dot
MRA6675
4507452
485073
1595
83
-69
367
Red Dot
MRA6676
4507822
485565
1554
85
-65
230
Mackay Pit
MRA6677
4507855
485547
1559
89
-64
215
Mackay Pit
MRA6678
4507855
485546
1559
81
-79
215
Mackay Pit
MRA6679
4507882
485542
1560
89
-76
215
Mackay Pit
MRA6680
4507882
485542
1560
91
-61
230
Mackay Pit
MRA6681
4507884
485557
1560
90
-49
215
Mackay Pit
MRA6682
4507578
484690
1595
87
-82
428
Red Dot
MRA6683
4507578
484690
1594
80
-73
428
Red Dot
MRA6684
4507577
485111
1593
82
-66
337
Red Dot
MRA6685
4507577
485112
1593
83
-57
337
Red Dot
MRA6686
4507459
485143
1603
88
-66
344
Red Dot
MRA6687
4507459
485143
1603
86
-57
337
Red Dot
MRA6688
4507459
485144
1603
85
-47
349
Red Dot
MRA6689
4507546
485062
1590
79
-78
398
Red Dot
MRA6690
4507212
484807
1591
86
-80
428
Red Dot
MRA6691
4507151
484818
1592
87
-73
428
Red Dot
MRA6692
4507242
484686
1602
87
-75
404
Red Dot
MRA6693
4507547
484852
1580
84
-76
383
Red Dot
MRA6694
4507180
484793
1592
81
-74
428
Red Dot
MRA6695
4507303
484953
1592
87
-65
383
Red Dot
MRA6696
4507238
485801
1612
94
-55
343
Mackay Pit
MRA6697
4507333
485023
1595
87
-76
367
Red Dot
MR6698
4507300
485932
1609
259
-89
288
Mackay Pit
MRA6699
4507608
485945
1603
267
-80
245
Mackay Pit
MRA6700
4507302
484862
1588
86
-74
398
Red Dot
MRA6701
4507608
485305
1645
84
-86
340
Mackay Pit
MR6702
4507577
485391
1644
70
-89
337
Mackay Pit
MRA6703
4507639
485359
1638
89
-60
337
Mackay Pit
MRA6704
4507212
484949
1596
97
-80
366
Red Dot
MRA6705
4507577
484590
1601
83
-85
367
Red Dot
MRA6706
4507974
485204
1587
86
-80
383
Mackay Pit
MRA6707
4507944
485205
1587
269
-80
413
Mackay Pit
MRA6708
4507151
484820
1593
84
-55
428
Red Dot
MRA6709
4507580
484589
1602
84
-79
428
Red Dot
MRA6710
4507060
484646
1609
84
-76
413
Red Dot
MRA6711
4507303
484614
1604
83
-77
428
Red Dot
MRA6712
4507395
484969
1589
80
-80
360
Red Dot
MRA6713
4507335
484595
1605
86
-71
459
Red Dot
MRA6714
4507365
484839
1586
84
-82
386
Red Dot
MRA6715
4507389
484636
1598
82
-79
349
Red Dot
MRA6716
4507273
484667
1601
81
-85
443
Red Dot
MRA6717
4507302
484862
1588
85
-82
398
Red Dot
MRA6718
4507060
485037
1619
88
-75
367
Red Dot
MR6719
4505799
485439
1615
0
-90
198
Mackay Pit
MRA6720
4507827
484797
1614
93
-75
398
Red Dot
MRA6721
4507827
484798
1614
94
-60
428
Red Dot
MRA6722
4507752
484692
1602
85
-77
459
Red Dot
MRA6723
4507752
484693
1602
86
-64
459
Red Dot
MRA6724
4507060
485037
1619
91
-66
367
Red Dot
MRA6725
4507118
484994
1607
87
-55
367
Red Dot
MRA6726
4507118
484993
1607
87
-66
367
Red Dot
MRA6727
4507819
484722
1614
100
-81
398
Red Dot
MRA6728
4507578
484791
1588
84
-75
383
Red Dot
MRA6729
4507394
484854
1585
87
-73
383
Red Dot
MRA6730
4508092
485246
1569
90
-76
349
Mackay Pit
MR6731
4508066
485240
1569
310
-89
343
Mackay Pit
MRA6732
4508126
485332
1569
268
-70
343
Mackay Pit
MRA6733
4507879
484742
1619
88
-71
428
Red Dot
MRA6734
4507090
484845
1598
84
-75
398
Red Dot
MRA6735
4507090
484845
1598
82
-66
398
Red Dot
MRA6736
4507059
484921
1601
81
-67
381
Red Dot
MRA6737
4507090
484656
1607
89
-76
443
Red Dot
MRA6738
4507611
484640
1604
89
-76
404
Red Dot
MRA6739
4507394
484853
1585
83
-71
383
Red Dot
MRA6740
4507640
484618
1612
86
-76
459
Red Dot
MRA6741
4507090
484656
1607
85
-65
459
Red Dot
MRA6742
4507884
485346
1554
88
-74
306
Mackay Pit
MRA6743
4507884
485347
1554
89
-60
306
Mackay Pit
MRA6744
4507884
485348
1554
88
-44
294
Mackay Pit
MRA6745
4507364
484621
1602
86
-80
443
Red Dot
MRA6746
4507395
484969
1589
80
-71
367
Red Dot
MRA6747
4507360
484664
1599
88
-69
443
Red Dot
MRA6748
4507090
484657
1607
85
-55
459
Red Dot
MRA6749
4507336
484838
1587
79
-86
392
Red Dot
MRA6750
4507456
484753
1591
83
-61
398
Red Dot
MRA6751
4507336
484838
1587
84
-80
398
Red Dot
MRA6752
4507760
484915
1576
80
-85
319
Mackay Pit
MRA6753
4507883
484977
1561
86
-61
215
Mackay Pit
MRA6754
4507852
484973
1564
84
-71
331
Mackay Pit
MRA6755
4507762
484999
1569
85
-62
233
Mackay Pit
MRA6756
4507792
485001
1568
85
-79
337
Mackay Pit
MRA6757
4507975
484945
1554
83
-73
367
Mackay Pit
MRA6758
4507272
484664
1601
274
-86
443
Red Dot
MRA6759
4507883
484956
1561
83
-61
319
Mackay Pit
MRA6760
4507944
484975
1557
85
-71
325
Mackay Pit
MRA6761
4508004
484947
1554
86
-77
288
Mackay Pit
MRA6762
4507855
484969
1564
268
-81
306
Mackay Pit
MRA6763
4507915
484945
1558
85
-75
285
Mackay Pit
MRA6764
4507976
484927
1555
85
-72
326
Mackay Pit
MRA6765
4507272
484784
1589
82
-59
443
Red Dot
MRA6766
4508432
484878
1563
82
-62
276
Red Dot
MRA6767
4507060
485038
1619
86
-57
331
Red Dot
MRA6768
4508432
484849
1566
88
-61
306
Red Dot
MRA6769
4508462
484798
1570
93
-65
322
Red Dot
MRA6770
4507913
485379
1539
89
-85
215
Mackay Pit
MRA6771
4507879
485357
1539
159
-77
245
Mackay Pit
MRA6772
4507913
485380
1539
83
-59
215
Mackay Pit
MRA6773
4507881
485356
1539
107
-44
215
Mackay Pit
MRA6774
4507881
485354
1539
118
-66
230
Mackay Pit
MRA6775
4507611
484798
1585
81
-80
383
Red Dot
MRA6776
4507089
484984
1606
85
-76
367
Red Dot
MRA6777
4507612
484798
1585
86
-66
398
Red Dot
MRA6778
4507089
484985
1606
82
-65
367
Red Dot
MRA6779
4508676
484857
1559
88
-75
276
Red Dot
MRA6781
4508498
484918
1559
88
-74
261
Red Dot
MRA6782
4508617
484857
1559
98
-79
291
Red Dot
MRA6783
4507028
484935
1603
86
-75
367
Red Dot
MRA6784
4508647
484877
1558
94
-85
276
Red Dot
MRA6785
4508647
484878
1558
88
-69
261
Red Dot
Notes: The numerical gaps in the drillhole sequence result from drillholes reported previously or drillholes expected to be drilled in 2018. Data is provided if the drillhole has a Mineral Resource intercept of at least six meters at 0.3 g/t gold. "Width" may not equal the difference between "To" and "From" due to rounding.
Sampling and Analytical Procedures
All drill samples in respect of the Seabee Gold Operation drilling program were assayed by our onsite non-accredited assay laboratory, which is not independent from SSR Mining. Duplicate check assays were conducted at site as well as at TSL Laboratories Inc. in Saskatoon, Saskatchewan, which is independent from SSR Mining. Results of the spot checks were consistent with those reported. Sampling interval was established by minimum or maximum sampling lengths and geological and/or structural criteria. Two hundred gram samples were pulverized until greater than 80 percent passed through 150 mesh screen. Thirty-gram pulp samples were then analyzed for gold by fire assay with gravimetric finish (0.01 g/t gold detection limit).
All drill samples in respect of the Marigold mine drilling program were sent for processing and analysis to the offices of American Assay Laboratories, Inc. ("AAL") in Sparks, Nevada which is an ISO 17025 accredited laboratory independent from SSR Mining. Fire assay was completed on a 30-gram sample (AAL method code FA-PB30-ICP) with an Inductively Coupled Plasma ("ICP") finish after a two acid digestion. Samples with assay results greater than 10 g/t gold were fire assayed on a 30-gram sample (AAL method code Grav Au30) with a gravimetric finish. We employ a rigorous Quality Assurance/Quality Control ("QA/QC") program, which includes real-time assay quality monitoring through the regular insertion of blanks, duplicates, and certified reference material, as well as reviewing laboratory-provided QA/QC data.
Qualified Persons
The scientific and technical data contained in this news release relating to the Seabee Gold Operation has been reviewed and approved by Jeffrey Kulas, P. Geo., a qualified person under National Instrument 43-101 — Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Kulas is our Manager Geology, Mining Operations at the Seabee Gold Operation. The scientific and technical data contained in this news release relating to the Marigold mine has been reviewed and approved by James N. Carver, SME Registered Member and a qualified person under NI 43-101. Mr. Carver is our Chief Geologist at the Marigold mine.
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75%-owned and operated Puna Operations joint venture in Jujuy, Argentina. We also have two feasibility stage projects and a portfolio of exploration properties in North and South America. We are committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.
For further information contact: W. John DeCooman, Jr. Vice President, Business Development and Strategy SSR Mining Inc. Vancouver, BC Toll free: +1 (888) 338-0046 All others: +1 (604) 689-3846 E-Mail: [email protected]
To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com.
This news release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements") concerning the anticipated developments in our operations in future periods, and other events or conditions that may occur or exist in the future. All statements, other than statements of historical fact, are forward-looking statements.
Generally, forward-looking statements can be identified by the use of words or phrases such as "expects," "anticipates," "plans," "projects," "estimates," "assumes," "intends," "strategy," "goals," "objectives," "potential," or variations thereof, or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved, or the negative of any of these terms or similar expressions. The forward-looking statements in this news release relate to, among other things: our ability to discover and increase Mineral Resources, replace and increase Mineral Reserves, convert Mineral Resources to Mineral Reserves and convert Inferred Mineral Resources to Indicated Mineral Resources at the Marigold mine and the Seabee Gold Operation, including (a) upgrading Inferred Mineral Resources at Red Dot at year-end 2018 and the goal of declaring a Mineral Reserve at Red Dot by mid-2019 and (b) adding Mineral Resources at Santoy Gap HW at year-end 2018 and increasing and converting Mineral Resources to Mineral Reserves near the Santoy mine at year-end 2018; expected timing for the assessment of an expansion and an updated mine plan at the Marigold mine by mid-2019; our expected drill programs at each of the Marigold mine and the Seabee Gold Operation; future production of gold, silver and other metals; estimated production rates for gold, silver and other metals produced by us; ongoing or future development plans and capital replacement, improvement or remediation programs; and our plans and expectations for our properties and operations.
These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the following: uncertainty of production, development plans and cost estimates for the Marigold mine, the Seabee Gold Operation and our projects; our ability to replace Mineral Reserves; commodity price fluctuations; political or economic instability and unexpected regulatory changes; currency and interest rate fluctuations; the possibility of future losses; general economic conditions; counterparty and market risks related to the sale of our concentrate and metals; uncertainty in the accuracy of Mineral Reserves and Mineral Resources estimates and in our ability to extract mineralization profitably; differences in U.S. and Canadian practices for reporting Mineral Reserves and Mineral Resources; lack of suitable infrastructure or damage to existing infrastructure; future development risks, including start-up delays and cost overruns; our ability to obtain adequate financing for further exploration and development programs and opportunities; uncertainty in acquiring additional commercially mineable mineral rights; delays in obtaining or failure to obtain governmental permits, or non-compliance with our permits; our ability to attract and retain qualified personnel and management; potential labour unrest; the impact of governmental regulations, including health, safety and environmental regulations, including increased costs and restrictions on operations due to compliance with such regulations; reclamation and closure requirements for our mineral properties; failure to effectively manage our tailings facilities; social and economic changes following closure of a mine may lead to adverse impacts and unrest; unpredictable risks and hazards related to the development and operation of a mine or mineral property that are beyond our control; indigenous peoples' title claims and rights to consultation and accommodation may affect our existing operations as well as development projects and future acquisitions; assessments by taxation authorities in multiple jurisdictions; claims and legal proceedings, including adverse rulings in litigation against us and/or our directors or officers; compliance with anti-corruption laws and internal controls, and increased regulatory compliance costs; complying with emerging climate change regulations and the impact of climate change, including extreme weather conditions; fully realizing our interest in deferred consideration received in connection with recent divestitures; uncertainties related to title to our mineral properties and the ability to obtain surface rights; the sufficiency of our insurance coverage; civil disobedience in the countries where our mineral properties are located; operational safety and security risks; actions required to be taken by us under human rights law; competition in the mining industry for mineral properties; our ability to complete and successfully integrate an announced acquisition; an event of default under our convertible notes may significantly reduce our liquidity and adversely affect our business; failure to meet covenants under our senior secured revolving credit facility; conflicts of interest that could arise from certain of our directors' and officers' involvement with other natural resource companies; information systems security threats; and those other various risks and uncertainties identified under the heading "Risk Factors" in our most recent Annual Information Form filed with the Canadian securities regulatory authorities and included in our most recent Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission ("SEC").
This list is not exhaustive of the factors that may affect any of our forward-looking statements. Our forward-looking statements are based on what our management currently considers to be reasonable assumptions, beliefs, expectations and opinions based on the information currently available to it. Assumptions have been made regarding, among other things, our ability to carry on our exploration and development activities, our ability to meet our obligations under our property agreements, the timing and results of drilling programs, the discovery of Mineral Resources and Mineral Reserves on our mineral properties, the timely receipt of required approvals and permits, including those approvals and permits required for successful project permitting, construction and operation of our projects, the price of the minerals we produce, the costs of operating and exploration expenditures, our ability to operate in a safe, efficient and effective manner, our ability to obtain financing as and when required and on reasonable terms and our ability to continue operating the Marigold mine and the Seabee Gold Operation. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. We cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Our forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and we do not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the SEC set out in SEC Industry Guide 7. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Under SEC standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically produced or extracted at the time the reserve determination is made. In addition, the SEC's disclosure standards normally do not permit the inclusion of information concerning "Measured Mineral Resources," "Indicated Mineral Resources" or "Inferred Mineral Resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. U.S. investors should understand that "Inferred Mineral Resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Moreover, the requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by us in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
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