VANCOUVER, Sept. 5, 2017 /CNW/ - 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., Seabee Gold
Operation in Saskatchewan, Canada,
and SIB project in British Columbia,
Canada for the period from April 1,
2017 to July 31, 2017 (the
"Exploration Period").
Highlights:
- Drill results at the Seabee Gold Operation include:
-
- At Santoy Gap, drillhole SUG-17-019 intersected 27.70 g/t gold
over 2.5 meters true width;
- At Santoy Gap HW, drillhole SUG-17-300 intersected 26.55 g/t
gold over 2.8 meters true width;
- At Santoy 8A Footwall, drillhole SUG-17-917 intersected 7.17
g/t gold over 7.0 meters true width; and
- At Carr, drillhole CAR-17-014
intersected 31.64 g/t gold over 1.1 meters true width.
- Drill results at the Marigold mine include:
-
- Within the Mackay pit, drillhole MRA6503 intersected 2.50 g/t
gold over 33.5 meters; and
- At East Basalt, drillhole MRA6453 intersected 1.37 g/t gold
over 79.2 meters.
- SIB project drilling encountered the prospective Salmon River
Formation over the strike length of the area tested.
Paul Benson, President and CEO
said, "After 25 years of continuous operation, both Marigold and
Seabee continue to generate new drill results further demonstrating
the quality and robust nature of these ore bodies. At Seabee, in
addition to the high grade results in existing resource zones,
results in the newly defined Santoy Gap Hanging Wall structure and
the first high grade hit at the Carr target are very encouraging. At Marigold,
we have encountered multiple gold intercepts above reserve grade
and resources are expected to show continued growth. These results
provide continued justification of our investment strategy in
brownfields exploration to maximize the value of each
operation."
Seabee Gold Operation, Canada
Underground diamond drilling activities for the Exploration
Period focused on Mineral Resource conversion at the Santoy 8A and
Santoy Gap areas at the Santoy mine. We also completed both
underground exploration and Mineral Resource upgrade drilling at
the Seabee Mine. During the Exploration Period, we completed 20,938
meters of underground drilling at the Santoy and Seabee mines, and
an additional 7,727 meters of surface exploration drilling for
extensions close to both mines. Exploration drilling on targets at
the Carr, Porky and Santoy 7 areas
totaled 4,600 meters during the Exploration Period.
Infill drill results from the Santoy 8A area are expected to
upgrade Measured and Indicated Mineral Resources as demonstrated
by 7.0 meters at a grade of 7.17 g/t gold and 6.3 meters at a
grade of 7.43 g/t gold in drillholes SUG-17-917 and SUG-17-918,
respectively (see Figure 1). There are up to three parallel
mineralized planes at Santoy 8, known as 8A, 8A Footwall, and 8B.
These results, taken together with results reported in our previous
2017 exploration news releases, are expected to upgrade a portion
of current Mineral Resources when we report our Mineral Resources
and Mineral Reserves estimates for year-end 2017.
Figure 1 also highlights results from infill and step out
drilling at Santoy Gap on the 9A and 9C zones. Examples of drill
intercepts at the 9A area during the Exploration Period include 2.5
meters at a grade of 27.70 g/t gold and 5.5 meters at a grade of
12.35 g/t gold in holes SUG-17-019 and SUG-17-041, respectively,
and at the 9C area include 5.8 meters at a grade of 6.42 g/t gold
in drillhole SUG-17-042. These results are expected to upgrade
Mineral Resources.
Additionally, we received infill drilling results at the Santoy
Gap Hanging Wall ("Gap HW") area, which is positioned approximately
200 meters in the hanging wall of the Santoy Gap mineralized zones.
This area was tested with one core hole successfully intercepting
2.8 meters at a grade of 26.55 g/t gold in drillhole SUG-17-300.
Gold mineralization at Gap HW comprises granodiorite-hosted quartz
veinlets and disseminated sulphides that parallel the Santoy shear
zone. This result is shown as a projection to a vertical
plane in Figure 1 and remains open up and down plunge for
further follow up to potentially define a new mineralized zone
distinct from areas within the current Mineral Resources.
Early in the Exploration Period we completed drilling on
near-surface targets up to several kilometers distant from
underground infrastructure. At the Carr target, located four kilometers to the
north of Santoy Gap (see Figure 2), we received a high grade
result, drillhole CAR-17-014, with geologic similarities to Santoy
Gap, which returned 1.1 meters at a grade of 31.64 g/t gold. This
intercept warrants follow up during the next winter drill campaign
and may follow a similar historic drill pattern to the Santoy Gap
discovery in 2011. Carr results
represent a new area of gold mineralization with the potential to
generate new Inferred Mineral Resources.
In June 2017, we began field work
at the Fisher project to examine the nature of the existing
showings, and to systematically explore the southern extension of
the Santoy shear zone. The objectives were to identify and
prioritize drill targets to be drilled in the second half of
2017. As of July 2017, we
completed soil and till sampling, mapping and prospecting over a
12-by-2-kilometer area, and have found quartz veining and
alteration of meta-volcanic rocks consistent with the assemblage
found at Santoy Gap. Results from this prospecting and
sampling program, along with the outcrops containing visible gold,
form the basis, in part, for our drilling planned at the Fisher
project for the second half of 2017.
However, due to ongoing wildfire conditions in and around the
Fisher project area, exploration activities were suspended in
August 2017. While the camp and drill equipment have not
sustained damage, we do not anticipate re-deploying exploration
personnel until the fourth quarter of 2017 due to the proximity of
wildfires and the remote nature of the camp location.
Marigold mine, U.S.
Mineral Resource conversion drilling at the Mackay pit and East
Basalt continued in the Exploration Period with results expected to
replace 2017 depleted Mineral Reserves. Additional drilling
is ongoing with the potential to expand Mineral Resources and
Mineral Reserves to be reported in our year-end 2017 Mineral
Resources and Mineral Reserves estimates.
Exploration activities at Marigold continued our focus on
Mineral Reserve and Mineral Resource growth within and adjacent to
our existing pits. The targets explored were Mackay pit, East
Basalt and North Red Dot, as shown in the Figure 3. During the
Exploration Period, we drilled 67 reverse circulation ("RC")
drillholes totaling 19,776 meters in the targeted areas.
Year-to-date, we have drilled 111 RC holes totaling 30,031 meters
on the Marigold mine property, which does not include the core hole
targeting potential deeper high-grade sulphide gold
mineralization.
In an area of the central Mackay pit, we received results of
1.35 g/t gold over 67.1 meters and 2.50 g/t gold over 33.5 meters
from drillholes MRA6444 and MRA6503, respectively. Both
drillholes returned gold grades in excess of our modelled Mineral
Resources grade in this area (see Figure 4). Additionally,
significant new gold mineralization was intersected 100 meters down
dip of our Mineral Reserve pit boundary in the central Mackay pit
area. This includes a result of 0.47 g/t gold over 59.4 meters from
drillhole MRA6502 which is expected to expand Mineral
Resources.
At East Basalt, where we are drilling east of a previously mined
pit, we received favorable assay results confirming widths and gold
mineralization expected to expand Mineral Resources. Examples
of these results are an interval of 79.2 meters at a grade of 1.37
g/t gold in drillhole MRA6453, and an interval of 54.9 meters at a
grade of 0.69 g/t gold in drillhole MR6488 (see Figure 5).
Subsequent to our acquisition of the Marigold mine in 2014, we
initiated a deep sulphide exploration program to test for a deeper,
high-grade sulphide gold deposit in a setting similar to the
Turquoise Ridge gold deposit, which is located 55 kilometers north
of Marigold. In May 2017, we
completed core drillhole DDH6421, previously reported, which
intersected 43.0 meters at a grade of 0.39 g/t gold, including 0.15
meters at a grade of 9.86 g/t gold (see Figure 3 and our news
release dated August 9, 2017).
Importantly, this mineralization was found in moderately pyritic,
sheared carbonaceous mudstone that can be correlated with the Comus
Formation, which is one of the host rock types at Turquoise
Ridge.
SIB Project, Canada
The SIB project is located four kilometers south along trend
from the high-grade, past-producing Eskay Creek gold mine.
Importantly, the SIB project is one of the few exploration
projects in the district with similar style mineralization and
setting as the former Eskay Creek mine. Previous drilling indicated
that high grade gold mineralization is present at the project.
Previous work at the SIB project explored the near-surface targets
with only limited exploration of the deeper massive sulphide
potential that we are currently targeting. Our current phase I
drill program is exploring a large panel of altered and mineralized
rocks correlative to those of the Salmon River Formation that
hosted the Eskay Creek deposit. Using our knowledge of the
Eskay Creek deposit, the objective of the 6,000 to 9,000 meter
drill program is to collect information to develop an understanding
of the volcanic architecture and alteration patterns at depth for a
gold-rich massive sulphide discovery or follow up exploration in
2018.
During the Exploration Period, we completed five drillholes for
4,869 meters testing the volcanic rock assemblage over a
1.2-kilometer strike length. All of the drillholes
encountered volcanic rocks correlated to the assemblage present at
surface and at Eskay Creek, and in two holes we intersected
sections of rhyolite, possibly representing the feeder footwall
structures of the targeted massive sulphide. Geophysical anomalies
encountered from our borehole survey will be prioritized for phase
II exploration activities.
Next Steps
At the Marigold mine, our second half 2017 exploration plan will
shift toward the objective of Mineral Resource expansion and
discovery. The deep sulphide program results at Marigold will be
analyzed to determine the best location for the next deep core
hole.
At the Seabee Gold Operation, we expect to complete up to 60,000
meters of drilling under our 2017 underground exploration plan,
with the objectives to upgrade existing Mineral Resources and to
discover additional Inferred Mineral Resources at Santoy Gap and
Santoy 8. Our surface drill programs at the Seabee Gold Operation
are expected to complete approximately 28,500 meters on up to nine
district targets. In the second half of 2017, we plan to
continue drilling to explore the lower sections of Santoy Gap,
drilling the Gap HW area to establish an Inferred Mineral Resource,
and our deeper exploration program to expand and upgrade the
lowermost 8A Inferred Mineral Resources.
At the SIB project, we anticipate completing the phase I drill
program by the end of the third quarter 2017 and will be compiling
data through the fourth quarter 2017.
Figure 1. Longitudinal section for the exploration drill program
at the Santoy mine complex, Seabee Gold Operation, Saskatchewan, Canada during the Exploration
Period.
Figure 2. Property map of the Seabee Gold Operation and Fisher
project, Saskatchewan, Canada.
Figure 3. Drillhole location plan map for the exploration drill
programs at the Marigold mine, Nevada, U.S. during the Exploration
Period.
Figure 4. Drill cross section along A-A' highlighting the Mackay
pit area at the Marigold mine, Nevada, U.S.
Figure 5. Drill cross section along B-B' highlighting the East
Basalt area at the Marigold mine, Nevada, U.S.
Table 1. Selected drillhole results from the 2017 exploration
drill programs at the 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-17-768
|
260.4
|
262.8
|
4783.4
|
5229.5
|
-248.2
|
9.91
|
2.21
|
Gap HW
|
SUG-17-019
|
264.1
|
270.1
|
3738.5
|
5154.5
|
-638.9
|
27.70
|
2.50
|
9A
|
SUG-17-021
|
203.0
|
207.0
|
3739.9
|
5094.3
|
-584.2
|
17.57
|
2.80
|
9A
|
SUG-17-023
|
419.2
|
423.6
|
3524.7
|
5201.5
|
-694.1
|
11.66
|
1.40
|
9C
|
SUG-17-024
|
172.2
|
176.1
|
3718.9
|
5084.1
|
-547.3
|
6.00
|
2.45
|
9C
|
SUG-17-025
|
207.1
|
218.4
|
3678.5
|
5098.8
|
-571.5
|
3.07
|
5.65
|
9C
|
SUG-17-033
|
190.8
|
194.3
|
3673.7
|
5079.5
|
-546.7
|
7.50
|
2.12
|
9C
|
SUG-17-038
|
203.7
|
209.5
|
3607.3
|
5043.8
|
-494.2
|
6.45
|
2.84
|
9C
|
SUG-17-041
|
199.5
|
210.0
|
3608.4
|
4986.4
|
-441.3
|
12.35
|
5.51
|
9A
|
SUG-17-042
|
141.8
|
150.5
|
3674.1
|
4994.9
|
-439.9
|
6.42
|
5.81
|
9C
|
SUG-17-300
|
321.0
|
327.0
|
4159.8
|
5237.9
|
-361.0
|
26.55
|
2.82
|
Gap HW
|
SUG-17-914
|
387.3
|
391.5
|
4548.7
|
5229.8
|
-546.3
|
6.47
|
2.14
|
8A
|
SUG-17-915
|
310.8
|
312.6
|
4545.7
|
5178.1
|
-473.3
|
10.77
|
1.14
|
8A
|
SUG-17-915
|
319.0
|
321.5
|
4546.4
|
5178.0
|
-481.8
|
11.49
|
1.59
|
8A
Footwall
|
SUG-17-916
|
300.0
|
305.9
|
4582.1
|
5164.4
|
-460.5
|
3.56
|
4.50
|
8A
|
SUG-17-916
|
338.4
|
341.5
|
4590.0
|
5161.3
|
-496.6
|
16.00
|
2.38
|
8B
|
SUG-17-917
|
311.3
|
317.5
|
4614.0
|
5159.5
|
-464.3
|
4.10
|
4.45
|
8A
|
SUG-17-917
|
325.3
|
342.9
|
4619.6
|
5157.8
|
-483.1
|
7.17
|
6.99
|
8A
Footwall
|
SUG-17-918
|
303.8
|
308.4
|
4622.4
|
5155.0
|
-452.8
|
6.13
|
3.38
|
8A
|
SUG-17-918
|
319.9
|
328.3
|
4628.2
|
5152.7
|
-469.7
|
7.43
|
6.26
|
8A
Footwall
|
SUG-17-919
|
276.9
|
284.4
|
4641.9
|
5128.6
|
-415.4
|
5.69
|
5.76
|
8A
|
SUG-17-919
|
297.5
|
300.2
|
4649.1
|
5124.2
|
-431.5
|
10.79
|
2.08
|
8A
Footwall
|
CAR-17-014
|
465.6
|
466.7
|
597822.43
|
6173921.53
|
-5.4
|
31.64
|
1.10
|
Carr
|
|
Notes: Drillholes
presented in this table have gram-meter value greater than
12.
|
1
Midpoints of the intercept determined where mineralized structure
intersected.
2 Gold values cut to 75 g/t.
3 Coordinates in UTM NAD83 Zone 13 Datum.
|
Table 2. Selected drillhole results from the 2017 exploration
drill programs at the Marigold mine, Nevada, U.S. for the Exploration Period.
Hole ID
|
From
(meters)
|
To
(meters)
|
Width
(meters)
|
Gold
Grade
(g/tonne)
|
Area
|
MRA6444
|
80.8
|
147.8
|
67.1
|
1.35
|
Mackay Pit
|
(including)
|
92.9
|
106.6
|
13.7
|
4.23
|
|
MR6445
|
210.3
|
228.6
|
18.3
|
2.07
|
East
Basalt
|
MR6447
|
173.7
|
213.4
|
39.6
|
0.99
|
East
Basalt
|
MRA6450
|
50.3
|
114.3
|
64.0
|
0.69
|
Mackay Pit
|
MR6452
|
93.0
|
102.1
|
9.1
|
2.97
|
East
Basalt
|
and
|
161.5
|
224.0
|
62.5
|
0.81
|
East Basalt
|
MRA6453
|
161.5
|
240.8
|
79.2
|
1.37
|
East
Basalt
|
(including)
|
170.7
|
176.8
|
6.1
|
1.77
|
|
(including)
|
193.5
|
208.8
|
15.2
|
2.49
|
|
(including)
|
217.9
|
228.6
|
10.7
|
3.53
|
|
MRA6456
|
184.4
|
222.5
|
38.1
|
0.58
|
Mackay Pit
|
MR6457
|
178.3
|
204.2
|
25.9
|
2.29
|
East
Basalt
|
(including)
|
182.9
|
196.6
|
13.7
|
4.02
|
|
MRA6461
|
102.1
|
137.2
|
35.1
|
0.86
|
Mackay Pit
|
MRA6482
|
329.2
|
352.0
|
22.9
|
1.12
|
Mackay Pit
|
MR6487
|
286.5
|
294.1
|
7.6
|
4.47
|
East
Basalt
|
MR6488
|
158.5
|
213.4
|
54.9
|
0.69
|
East
Basalt
|
(including)
|
158.5
|
164.6
|
6.1
|
1.87
|
|
MRA6493
|
132.6
|
158.5
|
25.9
|
2.57
|
East
Basalt
|
(including)
|
132.6
|
146.3
|
13.7
|
4.64
|
|
MRA6497
|
249.9
|
332.2
|
82.3
|
0.93
|
Mackay Pit
|
(including)
|
251.5
|
263.7
|
12.2
|
4.80
|
|
MRA6500
|
315.5
|
356.6
|
41.1
|
0.58
|
East
Basalt
|
MRA6501
|
245.4
|
271.3
|
25.9
|
1.39
|
East
Basalt
|
MRA6502
|
309.4
|
368.8
|
59.4
|
0.47
|
Mackay Pit
|
MRA6503
|
263.7
|
297.2
|
33.5
|
2.50
|
Mackay Pit
|
(including)
|
265.2
|
291.1
|
25.9
|
3.18
|
|
|
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 metre value greater than 20. The drillhole
collars table (see Table 3) provides information if the drillhole
has a Mineral Resource intercept of six meters at 0.3 g/t gold.
"Width" may not equal the difference between "To" and "From" due to
rounding.
|
Table 3. Drillhole collars from the 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
|
DDH6421
|
4502386
|
484320
|
1823
|
180
|
-80
|
1128
|
Concept
|
MRA6431
|
4507851
|
484754
|
1619
|
90
|
-75
|
413
|
North Red
Dot
|
MR6442
|
4507271
|
485443
|
1543
|
353
|
-89
|
184
|
Mackay Pit
|
MRA6443
|
4503556
|
485880
|
1840
|
271
|
-69
|
337
|
East
Basalt
|
MRA6444
|
4507300
|
485305
|
1525
|
88
|
-75
|
184
|
Mackay Pit
|
MR6445
|
4503584
|
485893
|
1846
|
151
|
-90
|
300
|
East
Basalt
|
MR6446
|
4507908
|
484781
|
1610
|
129
|
-89
|
376
|
North Red
Dot
|
MR6447
|
4503556
|
485880
|
1840
|
103
|
-90
|
367
|
East
Basalt
|
MRA6448
|
4507273
|
485444
|
1543
|
90
|
-70
|
184
|
Mackay Pit
|
MR6449
|
4507518
|
485488
|
1660
|
156
|
-89
|
230
|
Mackay Pit
|
MRA6450
|
4507487
|
485484
|
1660
|
94
|
-84
|
306
|
Mackay Pit
|
MRA6451
|
4507487
|
485484
|
1660
|
93
|
-71
|
215
|
Mackay Pit
|
MR6452
|
4503524
|
485863
|
1835
|
0
|
-90
|
306
|
East
Basalt
|
MRA6453
|
4503479
|
485872
|
1831
|
267
|
-69
|
343
|
East
Basalt
|
MR6454
|
4503495
|
485991
|
1854
|
148
|
-90
|
319
|
East
Basalt
|
MRA6455
|
4507550
|
485351
|
1662
|
89
|
-66
|
291
|
Mackay Pit
|
MRA6456
|
4507550
|
485351
|
1662
|
90
|
-52
|
291
|
Mackay Pit
|
MR6457
|
4503463
|
485902
|
1845
|
185
|
-89
|
322
|
East
Basalt
|
MRA6458
|
4506993
|
485567
|
1608
|
274
|
-61
|
230
|
Mackay Pit
|
MR6459
|
4507240
|
485450
|
1547
|
256
|
-89
|
184
|
Mackay Pit
|
MR6460
|
4503463
|
485980
|
1860
|
82
|
-90
|
335
|
East
Basalt
|
MRA6461
|
4507239
|
485455
|
1547
|
91
|
-75
|
184
|
Mackay Pit
|
MRA6462
|
4507240
|
485451
|
1547
|
268
|
-69
|
154
|
Mackay Pit
|
MRA6463
|
4507183
|
485462
|
1553
|
269
|
-59
|
184
|
Mackay Pit
|
MRA6464
|
4507180
|
485467
|
1553
|
87
|
-55
|
200
|
Mackay Pit
|
MRA6465
|
4507151
|
485468
|
1557
|
268
|
-74
|
154
|
Mackay Pit
|
MRA6466
|
4507149
|
485471
|
1557
|
92
|
-83
|
163
|
Mackay Pit
|
MRA6467
|
4507149
|
485473
|
1557
|
89
|
-43
|
184
|
Mackay Pit
|
MR6468
|
4503403
|
485878
|
1851
|
61
|
-90
|
361
|
East
Basalt
|
MRA6469
|
4503371
|
485889
|
1861
|
267
|
-55
|
379
|
East
Basalt
|
MRA6470
|
4503342
|
485895
|
1867
|
268
|
-57
|
346
|
East
Basalt
|
MRA6471
|
4507122
|
485475
|
1559
|
270
|
-69
|
154
|
Mackay Pit
|
MR6472
|
4507087
|
485482
|
1563
|
257
|
-89
|
154
|
Mackay Pit
|
MRA6473
|
4507087
|
485482
|
1563
|
85
|
-75
|
169
|
Mackay Pit
|
MRA6474
|
4507058
|
485480
|
1565
|
87
|
-79
|
169
|
Mackay Pit
|
MRA6475
|
4507058
|
485482
|
1565
|
88
|
-45
|
169
|
Mackay Pit
|
MRA6476
|
4507027
|
485478
|
1568
|
272
|
-75
|
184
|
Mackay Pit
|
MRA6477
|
4507026
|
485480
|
1569
|
90
|
-75
|
93
|
Mackay Pit
|
MRA6478
|
4507089
|
484932
|
1600
|
90
|
-63
|
367
|
Mackay Pit
|
MRA6479
|
4507151
|
485033
|
1610
|
93
|
-62
|
352
|
Mackay Pit
|
MRA6480
|
4507151
|
485034
|
1610
|
91
|
-50
|
352
|
Mackay Pit
|
MR6481
|
4503425
|
485884
|
1849
|
170
|
-90
|
352
|
East
Basalt
|
MRA6482
|
4507517
|
485091
|
1594
|
89
|
-60
|
352
|
Mackay Pit
|
MR6483
|
4503462
|
485943
|
1855
|
320
|
-90
|
325
|
East
Basalt
|
MRA6484
|
4507481
|
485264
|
1641
|
84
|
-61
|
349
|
Mackay Pit
|
MRA6485
|
4507486
|
485206
|
1620
|
85
|
-70
|
334
|
Mackay Pit
|
MRA6486
|
4507573
|
484934
|
1580
|
78
|
-80
|
367
|
Mackay Pit
|
MR6487
|
4503646
|
485911
|
1862
|
81
|
-89
|
337
|
East
Basalt
|
MR6488
|
4503487
|
485932
|
1844
|
213
|
-90
|
305
|
East
Basalt
|
MR6489
|
4503128
|
485907
|
1866
|
248
|
-89
|
392
|
East
Basalt
|
MRA6490
|
4507175
|
485067
|
1611
|
81
|
-46
|
355
|
Mackay Pit
|
MR6491
|
4503250
|
485775
|
1792
|
137
|
-90
|
312
|
East
Basalt
|
MRA6492
|
4503183
|
485665
|
1806
|
87
|
-51
|
331
|
East
Basalt
|
MRA6493
|
4503250
|
485774
|
1792
|
89
|
-59
|
346
|
East
Basalt
|
MRA6494
|
4507610
|
485124
|
1598
|
89
|
-62
|
343
|
Mackay Pit
|
MRA6495
|
4507386
|
485187
|
1617
|
84
|
-45
|
337
|
Mackay Pit
|
MRA6497
|
4507329
|
485134
|
1613
|
79
|
-86
|
367
|
Mackay Pit
|
MRA6498
|
4507329
|
485134
|
1613
|
81
|
-61
|
337
|
Mackay Pit
|
MRA6499
|
4503584
|
485893
|
1845
|
268
|
-81
|
361
|
East
Basalt
|
MRA6500
|
4503584
|
485892
|
1846
|
272
|
-49
|
404
|
East
Basalt
|
MRA6501
|
4503584
|
485891
|
1846
|
88
|
-75
|
349
|
East
Basalt
|
MRA6502
|
4507249
|
485059
|
1604
|
89
|
-63
|
375
|
Mackay Pit
|
MRA6503
|
4507249
|
485060
|
1604
|
90
|
-52
|
358
|
Mackay Pit
|
MR6504
|
4503235
|
486293
|
1893
|
161
|
-90
|
337
|
East
Basalt
|
MR6505
|
4504199
|
487575
|
1936
|
142
|
-88
|
398
|
Valmy
|
MRA6506
|
4507457
|
485044
|
1591
|
86
|
-74
|
383
|
Mackay Pit
|
MRA6507
|
4507487
|
485022
|
1589
|
82
|
-64
|
398
|
Mackay Pit
|
MR6513
|
4504347
|
487384
|
1899
|
145
|
-90
|
379
|
Valmy
|
|
Notes: The numerical gaps in the drillhole sequence
result from drillholes reported previously or drillholes expected
to be drilled in 2017.
|
Sampling and Analytical Procedures
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.
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
passes through 150 mesh screen. Thirty-gram pulp samples were then
analyzed for gold by fire assay with gravimetric finish (0.01 grams
per tonne detection limit).
Qualified Persons
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 National Instrument 43-101 —
Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr.
Carver is our Chief Geologist at the Marigold mine. 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 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 SIB
project has been reviewed and approved by F. Carl Edmunds, P. Geo., a Qualified Person
under NI 43-101. Mr. Edmunds is our Chief Geologist.
About SSR Mining
SSR Mining Inc., formerly Silver Standard Resources Inc., is a
Canadian-based precious metals producer with three operations,
including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in
Saskatchewan, Canada and the 75%
owned and operated Puna Operations joint venture in Jujuy Province,
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: invest@ssrmining.com
To receive SSR Mining's news releases by e-mail, please
register using the SSR Mining website at
www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Statements
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 and convert Mineral Resources to Mineral Reserves at the
Marigold mine and the Seabee Gold Operation; our ability to extend
the life of and increase operational flexibility at the Marigold
mine and Seabee Gold Operation; our expected drill programs at each
of the Marigold mine, Seabee Gold Operation and the SIB project;
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.
SOURCE SSR Mining Inc.