VANCOUVER, May 14, 2020 /CNW/ - SSR Mining Inc.
(NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") provides an update on
exploration activities and results at our Marigold mine in
Nevada, U.S., Seabee Gold
Operation in Saskatchewan, Canada
and Puna Operations in Jujuy, Argentina for the period from June 1, 2019 to April 30,
2020 (the "Exploration Period").
Paul Benson, President and
CEO said, "We are very pleased to report positive
exploration results from our recent drill programs at Marigold and
the Seabee Gold Operation. For 2020, we are planning significant
investment in our exploration and the results reported here justify
the investment.
The exploration drilling on the recently acquired Trenton
Canyon property at Marigold has yielded exciting high-grade gold
results from newly discovered sulphide mineralization in a geologic
setting analogous to other high-grade underground gold mines in
Nevada. These intercepts are just
north of one of the historic pits at Trenton Canyon, and we are
evaluating the impact they may have on Mineral Resources. Our work
to confirm and validate Trenton Canyon's historic drill results has
progressed according to plan, and we look forward to reporting
Mineral Resources when reported at year-end 2020.
We continue to enjoy exploration success at Seabee with
positive drill results from Santoy Gap Hanging Wall area where we
are upgrading and expanding the Mineral Resources to extend
Santoy's mine life. Finally, we also had encouraging exploration
results on early stage targets with several holes returning
high-grade gold results at Batman Lake and on the Fisher
property."
Highlights:
At Marigold our Trenton Canyon exploration drilling has
returned better than expected results from four holes completed 300
meters north of the South Pit in a newly discovered sulphide zone
hosted by carbonaceous mudstone located immediately beneath Valmy
Formation quartzite. We are evaluating the
significance and impact of these sulphide intercepts which are
listed below on Mineral Resources.
- MRA7178 returned 5.19 g/t gold over 94.5 meters including
44.68 g/t gold over 7.6 meters and 6.68 g/t gold over 6.1
meters.
- MRA7176 returned 1.98 g/t gold over 82.3 meters including
6.11 g/t gold over 13.7 meters.
- MRA7148 returned 0.97 g/t gold over 99.1 meters including
4.34 g/t gold over 9.1 meters.
- MRA7097 returned 1.57 g/t gold over 77.7 meters including
7.89 g/t gold over 9.1 meters and 3.85 g/t gold over 9.1
meters.
Trenton Canyon confirmation drilling for oxide
mineralization also returned positive results, as highlighted
below, that may contribute to our Mineral Resources estimate at
year-end 2020:
- MRA7141 returned 1.94 g/t gold over 50.3
meters from surface and 1.08 g/t gold over 21.3
meters as oxide plus a transitional
intercept of 1.38 g/t gold over 15.2 meters.
- At West Pit, drillhole MRA7092 returned 7.27
g/t gold over 30.5 meters from 274.3 meters leading to the
discovery of gold mineralization that is transitional
oxide.
- At Relay Ridge, drillhole MR7084 returned 3.13 g/t gold
over 108.2 meters from 27.4 meters including 12.73 g/t gold over
21.3 meters.
At the Seabee Gold Operation, brownfields drill results
for the Santoy Gap Hanging Wall ("Gap HW") are expected to increase
Mineral Resources at year-end 2020. Drill results
include:
- Drillhole SUG-20-911 intercepted 14.75 g/t gold over 7.64
meters true width.
- Drillhole JOY-20-914 intercepted 28.92 g/t gold over 2.62
meters extending mineralization 210 meters beyond the year end 2019
Mineral Resource limits.
Also, at Seabee, greenfields exploration intercepted a new
gold mineralized zone at the Batman Lake area, where we targeted a
new gold discovery. Drill results include:
- Drillhole BAT-20-013 intercepted 37.95 g/t gold over 3.6
meters.
At the Fisher project, drill results for the Mac North and
Yin targets intercepted visible gold occurrences, where we targeted
a new gold discovery. Drill results include:
- Drillhole FIS-20-053 intercepted 9.1 g/t gold over 1.92
meters
- Drillhole YIN-20-004 intercepted 13.74 g/t gold over 2.29
meters, including 55.50 g/t gold over 0.53 meters.
Marigold mine, U.S.
At the Marigold mine, our exploration plan for 2020
focusses on the discovery of additional Mineral Resources south of
the currently producing Mackay Pit, including Trenton Canyon,
Valmy, East Basalt and Crossfire.
A limited amount of reverse circulation ("RC") drilling for
additional Mineral Reserves at Mackay Pit and extensions at Red Dot
is underway.
With the acquisition in 2019 of adjacent claims south and
west of our mining activities, such as Trenton Canyon, we nearly
doubled our land position. The additional mineral claims provide
latitude to systematically explore for extensions to existing
near-surface oxide deposits similar to those mined at Marigold, and
for higher-grade sulphide deposits associated with deep fault
structures, intrusive rocks and favourable Comus Formation
sedimentary rocks similar to those hosting the deposits at the
near-by Turquoise Ridge Mine. Our exploration plan for high-grade,
sulphide gold mineralization in 2020 includes 4,300 meters of core
drilling supported by seismic and gravity geophysical
surveys.
A total of 70,304 meters in 210 RC and core drillholes
were completed during the Exploration Period with drill locations
shown in Figures 1 and 2. Table 1 highlights mineralized intercepts
from Trenton Canyon, Mackay Pit, Red Dot, East Basalt, Valmy, and Crossfire. Results at Trenton
Canyon were successful on two objectives: i) we have confirmed the
position and grade of historic gold-mineralized intercepts; and ii)
we have discovered a new tabular zone of potentially continuous
sulphide mineralization requiring further investigation. Drill
results at Valmy and Trenton
Canyon successfully extended gold mineralization for potential
additions to Mineral Resources estimates from December 31, 2019.
At Trenton Canyon exploration drilling shown in Figure 2
includes a sulphide intercept of 5.19 g/t gold over 94.5 meters
including 44.68 g/t gold over 7.6 meters and 6.68 g/t gold over 6.1
meters from drillhole MRA7178. Importantly, the drillhole ended in
gold mineralization as shown in Figure 3. The mineralized interval
in MRA7178 shows continuity to the next section south located 30
meters away where three drillholes all returned positive results
including 1.98 g/t gold over 82.3 meters, 1.57 g/t gold over 77.7
meters and 0.97 g/t gold over 99.1 meters shown in Figure 4 in
drillholes MRA7176, MRA7097, and MRA7148 respectively. The
mineralized zone measures 150 meters on dip with an orthogonal
thickness of 50 to 70 meters with the potential to expand as gold
mineralization is open down dip to the east, and to the north of
MRA7178, and to the south. These results demonstrate width and
grade conditions similar to operating underground gold operations
elsewhere in Nevada. As a result
of ongoing positive exploration results, we will continue to test
and expand this new zone of gold mineralization.
At Trenton Canyon confirmation drilling at Relay Ridge
shown in Figure 2, includes 3.13 g/t gold over 108.2 meters
starting at 27.4 meters from surface including 12.73 g/t gold over
21.3 meters from drillhole MR7084. In addition, we encountered 1.94
g/t gold over 50.3 meters from exploration drillhole MRA7141 with
the new zone starting at surface as shown in Figure 5. Both
drillholes returned zones of oxide gold mineralization similar to
that mined at Marigold. Drillhole MRA7092 intercepted 7.27 g/t gold
over 30.5 meters starting at 274.3 meters in transitional material,
which is new, high-grade gold sulphide mineralization associated
with a fault structure related to the West Pit fault, as shown in
the deeper intercept in Figure 6.
Results from Valmy in the
first quarter of 2020 included 0.92 g/t gold over 39.6 meters in
drillhole MR7128 and 0.66 g/t gold over 50.3 meters from MR7129.
These results are expected to further expand Mineral Resources at
Valmy when reported at year-end
2020.
During the third and fourth quarter of 2019, we completed
detailed field mapping and sampling of the Trenton Canyon area
covering approximately 570 hectares surrounding the historic pits
and exploration areas. We have identified the fault and
stratigraphic controls to gold mineralization exploited in historic
pits and have recognized several new-near surface targets. This
work supports the development of targeting concepts as we explore
for high-grade sulphide deposits at Trenton Canyon and
Marigold.
During the Exploration Period, one core hole was completed
at Trenton Canyon which encountered Lower Plate Comus Formation
lithologies at 300 meters from surface. This is significant as the
favourable Comus Formation sedimentary rocks can be more
efficiently explored for high-grade, sulphide deposits at
relatively shallow depths. The Comus Formation is the sulphide
ore-hosting rock unit encountered at the high-grade Turquoise Ridge
Mine.
Looking ahead, we have received approvals to build roads
and construct drill sites along the identified mineralized
corridors at Trenton Canyon. We anticipate moving the RC drill rigs
to exploration areas in the second quarter of 2020. Core drilling
is planned to follow up on sulphide mineralization intercepted in
MRA7178 and MRA7092 and targets anticipated from the upcoming
seismic geophysical studies. Timing to initiate this exploration
activity may be impacted by State of Nevada COVID-19 quarantine
restrictions.
Seabee Gold Operation, Canada
At the Santoy mine complex, drilling throughout the
Exploration Period focused on increasing Mineral Resources and
Mineral Reserves at the Gap HW, Santoy 8A and Santoy 9A and 9C
zones, and nearby Batman Lake target. Over the Exploration Period a
total of 50,114 meters of core drilling was completed in
underground and surface programs in 166 holes. The locations
are shown relative to the year-end 2019 Mineral Resources outlines
in Figure 7 together with highlights from the Exploration
Period.
The Gap HW drill program comprises two-thirds of the
Seabee drilling for the Exploration Period and contributed to our
Mineral Resource estimate for year-end 2019 announced on
February 20, 2020. Infill and step
out drilling shown in Figure 8 continued through the first quarter
of 2020 leading to positive results as outlined below.
Drilling at Gap HW has identified three stacked zones (A,
B and C) that occur between one and ten meters apart that are
associated with quartz veining and visible gold. This
mineralization has comparable processing characteristics to the ore
from our Santoy mine currently being mined. Selected drillhole
results include 14.75 g/t gold over 7.64 meters and 28.92 g/t gold
over 2.62 meters in underground hole SUG-20-911 and surface hole
JOY-20-914, respectively. Notably, the JOY-20-914 intercept is 210
meters down plunge from the nearest Inferred Mineral Resources at
Gap HW, implying that Mineral Resources may extend to these depths,
potentially adding 20% to the Gap HW plunge length. Table 3
presents the highlights of 47 Gap HW intercepts with gram-meter
products exceeding 9.0. We expect these new first quarter 2020
results to further expand Mineral Resources at Gap HW when
estimated at year-end 2020.
Infill and step-out drilling at Santoy 8A identified
extensions to Mineral Resources from higher-grade intercepts
including 20.14 g/t gold over 6.23 meters and 19.81 g/t gold over
5.83 meters in underground holes SUG-19-307 and SUG-19-928,
respectively. These high-grade results were incorporated in the
Santoy 8A Mineral Resources estimate for year-end 2019 reported on
February 20, 2020. Table 3 presents
selected highlights of 16 intercepts from the Exploration Period
that achieved resource grade and width conditions.
Infill and step-out drilling was completed during the
Exploration Period at Santoy 9A through 9C with six holes achieving
Mineral Resource grade and width conditions. Two selected holes
include 21.04 g/t gold over 1.57 meters in SUG-20-302 and 28.67 g/t
gold over 0.73 meters in SUG-20-300. These two narrow width
high-grade intercepts were received in January 2020 from Santoy 9A, which, taken
together with existing infrastructure and Mineral Resources, are
expected to expand Mineral Resources in the upper reaches of Santoy
9A.
The location of district-scale greenfield drilling
conducted in the first quarter of 2020 is shown in Figure 9. At the
Batman Lake area located 650 meters south of Santoy 8 underground
workings, we tested several previously un-drilled targets and have
completed 13 drill holes totaling 3,457 meters during the
Exploration Period. This drilling, illustrated in Figure 10, tested
the Riddler and Joker zones defined by surface soil and grab sample
anomalies from the 2019 summer field program. Drillhole
BAT-20-013 returned 37.95 g/t gold over 3.6 meters, including
117.20 g/t gold over 1.0 meter, from a shallow diorite-hosted
sheeted quartz vein zone with minor sulphides and visible gold at
the Joker target. Drill hole BAT-20-007 was drilled
approximately 150 meters down plunge and intercepted 1.23 g/t gold
over 1.5 meters in a 7.5-meter zone of vein quartz and
diopside-actinolite altered diorite. These intercepts demonstrate
the near-surface Mineral Resource potential of the Santoy mine
complex proximal to existing mine infrastructure.
At the Fisher project our 2020 primary exploration
objective is to discover a new zone with potential for Inferred
Mineral Resources from targets developed during the 2019 summer
field program. Exploration drilling during the Exploration Period
focused on the Mac North, Yin, Abel
Lake, and Aurora targets, where we completed 31 drill holes
totaling 9,463 meters.
At Mac North we drilled 5,547 meters in 13 holes following
up on drillhole FIS-19-035 that intersected 3.76 g/t gold over 4.18
meters while exploring a longitudinal section measuring 1,000
meters by 450 meters deep. Four holes explored the area adjacent to
FIS-19-035 as shown in Figure 11 and encountered visible gold with
one drill hole providing a resource grade and width intercept of
9.1 g/t gold over 1.92 meters in FIS-20-053. At Yin we drilled five
holes over a 500-meter strike length of anomalous soil samples
overlying interleaved metavolcanic rocks and diorite. Drill hole
YIN-20-004 intercepted two results of 11.93 g/t gold over 0.5
meters and 13.72 g/t gold over 2.29 meters including 55.5 g/t gold
over 0.53 meters requiring follow up during our summer 2020
drilling program.
Exploration activities were complete in late-March 2020 and coincided with our voluntary
suspension of operations at Seabee in response to the COVID-19
pandemic. We expect to resume our Seabee and Fisher project
exploration activities once a safe re-start of operations at Seabee
allows for added exploration personnel on site.
Puna Operations, Argentina
In January we concluded a 3,430-meter core drill program
on the Granada target at the
Pirquitas property. The drilling explored the projected
intersection of the historically mined, high grade Potosi vein and the Cortaderas vein breccia,
which already contributes to Mineral Resources at the Pirquitas
Underground area. Three holes were completed to depths ranging from
1,010 to 1,220 meters. One drill hole intercepted a near ore-grade
intercept containing gold and silver over 4.3 meters at a depth of
1031.15 meters. The occurrence of elevated gold grades requires
follow up as it is not historically present in Mineral Resources
estimated at Pirquitas. No further work is planned on the target
for 2020.
Table 1. 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)
|
Ore
Type
|
Area
|
MRA6966
|
0.0
|
21.3
|
21.3
|
1.17
|
Oxide
|
Crossfire
|
MRA6987
|
0.0
|
67.1
|
67.1
|
0.64
|
Oxide
|
East
Basalt
|
MRA6999
|
80.8
|
137.2
|
56.4
|
0.71
|
Oxide
|
East
Basalt
|
(including)
|
82.3
|
91.4
|
9.1
|
2.31
|
Oxide
|
East
Basalt
|
and
|
262.1
|
318.5
|
56.4
|
0.69
|
Oxide
|
East
Basalt
|
MRA7003
|
106.7
|
134.1
|
27.4
|
0.77
|
Oxide
|
Crossfire
|
MRA7006
|
170.7
|
211.8
|
41.1
|
0.79
|
Oxide
|
Mackay Pit
|
(including)
|
189.0
|
199.6
|
10.7
|
2.02
|
Oxide
|
Mackay Pit
|
MRA7007
|
184.4
|
234.7
|
50.3
|
0.49
|
Oxide
|
Mackay Pit
|
MRA7008
|
86.9
|
131.1
|
44.2
|
0.74
|
Oxide
|
Mackay Pit
|
MRA7009
|
47.2
|
108.2
|
61.0
|
0.53
|
Oxide
|
Mackay Pit
|
MRA7017
|
71.6
|
132.6
|
61.0
|
1.13
|
Oxide
|
Valmy
|
(including)
|
71.6
|
83.8
|
12.2
|
3.98
|
Oxide
|
Valmy
|
MRA7019
|
7.6
|
56.4
|
48.8
|
0.85
|
Oxide
|
Crossfire
|
(including)
|
36.6
|
45.7
|
9.1
|
3.33
|
Oxide
|
Crossfire
|
MRA7020
|
134.1
|
163.1
|
29.0
|
1.11
|
Oxide
|
Crossfire
|
(including)
|
135.6
|
147.8
|
12.2
|
2.11
|
Oxide
|
Crossfire
|
MR7023
|
288.0
|
326.1
|
38.1
|
1.48
|
Oxide
|
East
Basalt
|
(including)
|
292.6
|
301.8
|
9.1
|
4.79
|
Oxide
|
East
Basalt
|
DDH7027
|
269.8
|
287.9
|
18.1
|
2.13
|
Oxide
|
Red Dot
|
and
|
314.3
|
326.0
|
11.7
|
1.84
|
Oxide
|
Red Dot
|
and
|
329.3
|
351.8
|
22.5
|
1.43
|
Oxide
|
Red Dot
|
DDH7028
|
384.0
|
408.9
|
24.9
|
1.09
|
Oxide
|
Red Dot
|
MR7037
|
184.4
|
214.9
|
30.5
|
0.89
|
Oxide
|
Mackay Pit
|
MRA7040
|
240.8
|
312.4
|
71.6
|
0.39
|
Sulphide
|
Trenton
Canyon
|
MRA7047
|
152.4
|
169.2
|
16.8
|
1.65
|
Oxide
|
Trenton
Canyon
|
(including)
|
152.4
|
155.4
|
3.0
|
7.69
|
Oxide
|
Trenton
Canyon
|
DDH7050
|
287.4
|
303.9
|
16.5
|
1.69
|
Oxide
|
Red Dot
|
and
|
329.3
|
353.4
|
24.1
|
0.88
|
Oxide
|
Red Dot
|
DDH7051
|
280.6
|
313.2
|
32.6
|
4.73
|
Oxide
|
Red Dot
|
and
|
314.1
|
347.8
|
33.7
|
2.52
|
Oxide
|
Red Dot
|
DDH7052
|
288.6
|
298.8
|
10.2
|
2.70
|
Oxide
|
Red Dot
|
MRA7055
|
88.4
|
108.2
|
19.8
|
2.32
|
Oxide
|
Trenton
Canyon
|
(including)
|
88.4
|
100.6
|
12.2
|
3.65
|
Oxide
|
Trenton
Canyon
|
and
|
157.0
|
181.4
|
24.4
|
1.17
|
Oxide
|
Trenton
Canyon
|
and
|
181.4
|
192.0
|
10.7
|
2.59
|
Transitional
|
Trenton
Canyon
|
MRA7056
|
74.7
|
118.9
|
44.2
|
0.67
|
Oxide
|
Trenton
Canyon
|
MRA7057
|
33.5
|
44.2
|
10.7
|
1.89
|
Oxide
|
Trenton
Canyon
|
and
|
112.8
|
144.8
|
32.0
|
0.70
|
Oxide
|
Trenton
Canyon
|
DDH7058
|
264.3
|
281.9
|
17.7
|
1.72
|
Oxide
|
Red Dot
|
DDH7059
|
252.2
|
271.3
|
19.1
|
1.08
|
Oxide
|
Red Dot
|
and
|
323.7
|
343.5
|
19.8
|
3.79
|
Oxide
|
Red Dot
|
and
|
348.3
|
357.2
|
8.9
|
3.19
|
Oxide
|
Red Dot
|
DDH7060
|
283.0
|
302.4
|
19.4
|
2.13
|
Oxide
|
Red Dot
|
MRA7063
|
94.5
|
114.3
|
19.8
|
1.53
|
Oxide
|
Trenton
Canyon
|
MRA7064
|
196.6
|
222.5
|
25.9
|
3.62
|
Transitional
|
Trenton
Canyon
|
(including)
|
198.1
|
214.9
|
16.8
|
5.41
|
Transitional
|
Trenton
Canyon
|
and
|
274.3
|
306.3
|
32.0
|
1.47
|
Transitional
|
Trenton
Canyon
|
(including)
|
274.3
|
278.9
|
4.6
|
5.96
|
Transitional
|
Trenton
Canyon
|
MRA7083
|
50.3
|
68.6
|
18.3
|
1.32
|
Oxide
|
Trenton
Canyon
|
MR7084
|
27.4
|
135.6
|
108.2
|
3.13
|
Oxide
|
Trenton
Canyon
|
(including)
|
51.8
|
73.2
|
21.3
|
12.73
|
Oxide
|
Trenton
Canyon
|
and
|
99.1
|
108.2
|
9.1
|
4.00
|
Oxide
|
Trenton
Canyon
|
MRA7085
|
185.9
|
193.5
|
7.6
|
5.43
|
Transitional
|
Trenton
Canyon
|
MRA7087
|
257.6
|
266.7
|
9.1
|
4.12
|
Sulphide
|
Trenton
Canyon
|
(including)
|
257.6
|
260.6
|
3.0
|
10.68
|
Sulphide
|
Trenton
Canyon
|
MRA7090
|
236.2
|
253.0
|
16.8
|
2.18
|
Oxide
|
Trenton
Canyon
|
MRA7092
|
167.6
|
187.5
|
19.8
|
2.03
|
Transitional
|
Trenton
Canyon
|
(including)
|
167.6
|
172.2
|
4.6
|
6.34
|
Transitional
|
Trenton
Canyon
|
and
|
259.1
|
265.2
|
6.1
|
3.65
|
Transitional
|
Trenton
Canyon
|
(including)
|
260.6
|
263.7
|
3.0
|
7.13
|
Transitional
|
Trenton
Canyon
|
and
|
274.3
|
304.8
|
30.5
|
7.27
|
Transitional
|
Trenton
Canyon
|
(including)
|
278.9
|
291.1
|
12.2
|
17.23
|
Transitional
|
Trenton
Canyon
|
MRA7096
|
135.6
|
152.4
|
16.8
|
2.23
|
Transitional
|
Trenton
Canyon
|
MRA7097
|
199.6
|
277.4
|
77.7
|
1.57
|
Sulphide
|
Trenton
Canyon
|
(including)
|
202.7
|
211.8
|
9.1
|
7.89
|
Sulphide
|
Trenton
Canyon
|
(including)
|
231.6
|
240.8
|
9.1
|
3.85
|
Sulphide
|
Trenton
Canyon
|
MRA7098
|
198.1
|
259.1
|
61.0
|
0.93
|
Sulphide
|
Trenton
Canyon
|
(including)
|
198.1
|
202.7
|
4.6
|
7.25
|
Sulphide
|
Trenton
Canyon
|
MRA7099
|
44.2
|
82.3
|
38.1
|
0.60
|
Oxide
|
Trenton
Canyon
|
MRA7102
|
376.4
|
417.6
|
41.1
|
0.87
|
Sulphide
|
Trenton
Canyon
|
MRA7103
|
266.7
|
288.0
|
21.3
|
1.05
|
Sulphide
|
Trenton
Canyon
|
MRA7115
|
42.7
|
70.1
|
27.4
|
2.09
|
Transitional
|
Trenton
Canyon
|
(including)
|
42.7
|
57.9
|
15.2
|
3.47
|
Transitional
|
Trenton
Canyon
|
MRA7121
|
108.2
|
170.7
|
62.5
|
0.54
|
Transitional
|
Trenton
Canyon
|
(including)
|
109.7
|
118.9
|
9.1
|
2.44
|
Transitional
|
Trenton
Canyon
|
MRA7126
|
143.3
|
150.9
|
7.6
|
4.84
|
Sulphide
|
Trenton
Canyon
|
and
|
227.1
|
259.1
|
32.0
|
0.73
|
Sulphide
|
Trenton
Canyon
|
MR7128
|
195.1
|
234.7
|
39.6
|
0.92
|
Oxide
|
Valmy
|
MR7129
|
185.9
|
236.2
|
50.3
|
0.66
|
Oxide
|
Valmy
|
MRA7135
|
263.7
|
294.1
|
30.5
|
0.85
|
Sulphide
|
Trenton
Canyon
|
(including)
|
265.2
|
280.4
|
15.2
|
1.55
|
Sulphide
|
Trenton
Canyon
|
MRA7136
|
74.7
|
91.4
|
16.8
|
1.21
|
Oxide
|
Trenton
Canyon
|
and
|
192.0
|
216.4
|
24.4
|
1.97
|
Sulphide
|
Trenton
Canyon
|
(including)
|
196.6
|
210.3
|
13.7
|
3.29
|
Sulphide
|
Trenton
Canyon
|
MRA7141
|
0.0
|
50.3
|
50.3
|
1.94
|
Oxide
|
Trenton
Canyon
|
(including)
|
25.9
|
41.1
|
15.2
|
5.87
|
Oxide
|
Trenton
Canyon
|
and
|
97.5
|
118.9
|
21.3
|
1.08
|
Oxide
|
Trenton
Canyon
|
and
|
182.9
|
198.1
|
15.2
|
1.38
|
Transitional
|
Trenton
Canyon
|
MR7145
|
80.8
|
102.1
|
21.3
|
1.42
|
Sulphide
|
Trenton
Canyon
|
MRA7148
|
237.7
|
336.8
|
99.1
|
0.97
|
Sulphide
|
Trenton
Canyon
|
(including)
|
237.7
|
246.9
|
9.1
|
4.34
|
Sulphide
|
Trenton
Canyon
|
MRA7167
|
192.0
|
210.3
|
18.3
|
1.43
|
Transitional
|
Trenton
Canyon
|
(including)
|
193.5
|
196.6
|
3.0
|
7.55
|
Transitional
|
Trenton
Canyon
|
MRA7171
|
190.5
|
210.3
|
19.8
|
2.28
|
Sulphide
|
Trenton
Canyon
|
(including)
|
199.6
|
204.2
|
4.6
|
6.01
|
Sulphide
|
Trenton
Canyon
|
MRA7176
|
286.5
|
368.8
|
82.3
|
1.98
|
Sulphide
|
Trenton
Canyon
|
(including)
|
297.2
|
310.9
|
13.7
|
6.11
|
Sulphide
|
Trenton
Canyon
|
MRA7177
|
19.8
|
106.7
|
86.9
|
0.53
|
Oxide
|
Trenton
Canyon
|
MRA7178
|
242.3
|
336.8
|
94.5
|
5.19
|
Sulphide
|
Trenton
Canyon
|
(including)
|
245.4
|
253.0
|
7.6
|
44.68
|
Sulphide
|
Trenton
Canyon
|
(including)
|
277.4
|
283.5
|
6.1
|
6.68
|
Sulphide
|
Trenton
Canyon
|
MR7181
|
173.7
|
189.0
|
15.2
|
1.71
|
Oxide
|
Valmy
|
(including)
|
176.8
|
185.9
|
9.1
|
2.48
|
Oxide
|
Valmy
|
MR7184
|
195.1
|
213.4
|
18.3
|
1.60
|
Oxide
|
Valmy
|
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. "Width" may not equal the difference
between "From" and "To" due to rounding.
Table 2. Collar locations 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
|
MRA6966
|
4504703
|
487645
|
1923
|
271
|
-65
|
419
|
Crossfire
|
MR6973
|
4503370
|
485884
|
1862
|
184
|
-90
|
367
|
East
Basalt
|
MRA6980
|
4504770
|
487116
|
1855
|
270
|
-75
|
367
|
Valmy
|
MRA6981
|
4504770
|
487116
|
1855
|
269
|
-55
|
383
|
Valmy
|
MR6982
|
4505351
|
487292
|
1775
|
263
|
-90
|
367
|
Valmy
|
MRA6983
|
4505137
|
487300
|
1806
|
268
|
-50
|
361
|
Valmy
|
MR6984
|
4505046
|
487268
|
1819
|
111
|
-90
|
256
|
Valmy
|
MRA6985
|
4504244
|
487390
|
1912
|
268
|
-75
|
453
|
Valmy
|
MRA6986
|
4504244
|
487390
|
1912
|
273
|
-55
|
459
|
Valmy
|
MRA6987
|
4503407
|
485871
|
1850
|
269
|
-50
|
317
|
East
Basalt
|
MRA6988
|
4503430
|
485879
|
1848
|
267
|
-55
|
277
|
East
Basalt
|
MRA6989
|
4503397
|
485905
|
1861
|
90
|
-70
|
367
|
East
Basalt
|
MRA6990
|
4503431
|
485924
|
1860
|
93
|
-75
|
367
|
East
Basalt
|
MRA6991
|
4504921
|
487692
|
1823
|
270
|
-65
|
375
|
Crossfire
|
MRA6992
|
4504957
|
487590
|
1821
|
268
|
-65
|
459
|
Crossfire
|
MR6993
|
4503250
|
485948
|
1892
|
193
|
-90
|
398
|
East
Basalt
|
MRA6994
|
4503250
|
485947
|
1892
|
272
|
-75
|
398
|
East
Basalt
|
MRA6995
|
4503250
|
485946
|
1891
|
271
|
-60
|
276
|
East
Basalt
|
MRA6996
|
4503220
|
485919
|
1881
|
88
|
-70
|
398
|
East
Basalt
|
MR6997
|
4503281
|
485922
|
1884
|
99
|
-90
|
367
|
East
Basalt
|
MRA6998
|
4503280
|
485925
|
1884
|
267
|
-70
|
367
|
East
Basalt
|
MRA6999
|
4503280
|
485925
|
1884
|
269
|
-55
|
367
|
East
Basalt
|
MRA7000
|
4503280
|
485924
|
1884
|
91
|
-75
|
367
|
East
Basalt
|
MRA7001
|
4504860
|
487546
|
1860
|
273
|
-65
|
343
|
Crossfire
|
MRA7002
|
4504776
|
487734
|
1866
|
269
|
-65
|
358
|
Crossfire
|
MRA7003
|
4504801
|
487767
|
1856
|
267
|
-65
|
334
|
Crossfire
|
MRA7004
|
4504774
|
487785
|
1867
|
267
|
-65
|
343
|
Crossfire
|
MRA7006
|
4507743
|
485348
|
1615
|
82
|
-60
|
306
|
Mackay Pit
|
MRA7007
|
4507743
|
485348
|
1615
|
81
|
-78
|
322
|
Mackay Pit
|
MRA7008
|
4507572
|
485452
|
1615
|
89
|
-60
|
184
|
Mackay Pit
|
MRA7009
|
4507575
|
485449
|
1615
|
88
|
-45
|
184
|
Mackay Pit
|
MRA7010
|
4507697
|
485328
|
1614
|
89
|
-45
|
276
|
Mackay Pit
|
MRA7011
|
4507728
|
485359
|
1615
|
87
|
-50
|
276
|
Mackay Pit
|
MRA7012
|
4507743
|
485349
|
1615
|
81
|
-45
|
276
|
Mackay Pit
|
MRA7013
|
4507697
|
485329
|
1614
|
89
|
-60
|
306
|
Mackay Pit
|
MRA7014
|
4504795
|
487663
|
1881
|
264
|
-65
|
459
|
Crossfire
|
MR7015
|
4504735
|
487147
|
1854
|
354
|
-90
|
306
|
Valmy
|
MR7016
|
4504712
|
487145
|
1853
|
88
|
-90
|
337
|
Valmy
|
MRA7017
|
4504527
|
487083
|
1860
|
268
|
-50
|
367
|
Valmy
|
MRA7018
|
4504743
|
487662
|
1904
|
274
|
-65
|
459
|
Crossfire
|
MRA7019
|
4504698
|
487709
|
1906
|
274
|
-65
|
386
|
Crossfire
|
MRA7020
|
4504659
|
487765
|
1910
|
268
|
-65
|
459
|
Crossfire
|
MR7021
|
4504552
|
487219
|
1869
|
182
|
-90
|
361
|
Valmy
|
MR7022
|
4499322
|
484780
|
2262
|
286
|
-90
|
306
|
Trenton
Canyon
|
MR7023
|
4503643
|
485978
|
1861
|
340
|
-90
|
386
|
East
Basalt
|
MRA7024
|
4503706
|
485899
|
1860
|
267
|
-60
|
367
|
East
Basalt
|
MRA7025
|
4503830
|
485876
|
1855
|
266
|
-60
|
367
|
East
Basalt
|
MRA7026
|
4498956
|
485034
|
2251
|
272
|
-75
|
306
|
Trenton
Canyon
|
DDH7027
|
4507272
|
484675
|
1601
|
92
|
-70
|
442
|
Red Dot
|
DDH7028
|
4507272
|
484704
|
1601
|
90
|
-68
|
416
|
Red Dot
|
DDH7029
|
4507271
|
484860
|
1589
|
87
|
-77
|
409
|
Red Dot
|
DDH7030
|
4507271
|
484951
|
1594
|
87
|
-75
|
404
|
Red Dot
|
DDH7031
|
4507271
|
484893
|
1593
|
90
|
-73
|
413
|
Red Dot
|
MRA7032
|
4507742
|
485346
|
1615
|
254
|
-85
|
337
|
Mackay Pit
|
MRA7033
|
4507742
|
485345
|
1615
|
267
|
-75
|
306
|
Mackay Pit
|
MR7034
|
4508241
|
485338
|
1432
|
107
|
-90
|
123
|
Mackay Pit
|
MR7035
|
4504920
|
487691
|
1823
|
155
|
-90
|
306
|
Crossfire
|
MRA7036
|
4504921
|
487690
|
1823
|
266
|
-45
|
349
|
Crossfire
|
MR7037
|
4507787
|
485396
|
1615
|
189
|
-90
|
306
|
Mackay Pit
|
MRA7038
|
4507787
|
485399
|
1615
|
87
|
-70
|
276
|
Mackay Pit
|
MRA7039
|
4505216
|
487594
|
1763
|
86
|
-85
|
306
|
Crossfire
|
MRA7040
|
4499171
|
484978
|
2262
|
270
|
-45
|
312
|
Trenton
Canyon
|
MRA7041
|
4499171
|
484979
|
2262
|
273
|
-80
|
410
|
Trenton
Canyon
|
MR7043
|
4505059
|
487714
|
1796
|
149
|
-90
|
306
|
Crossfire
|
MR7044
|
4505378
|
487641
|
1764
|
273
|
-90
|
184
|
Crossfire
|
MR7045
|
4505378
|
487578
|
1746
|
144
|
-90
|
154
|
Crossfire
|
MRA7046
|
4498437
|
485263
|
2190
|
263
|
-65
|
271
|
Trenton
Canyon
|
MRA7047
|
4499108
|
484999
|
2263
|
270
|
-60
|
306
|
Trenton
Canyon
|
MRA7048
|
4499137
|
484993
|
2262
|
273
|
-80
|
459
|
Trenton
Canyon
|
DDH7049
|
4507269
|
484758
|
1589
|
94
|
-70
|
424
|
Red Dot
|
DDH7050
|
4507211
|
484833
|
1591
|
95
|
-67
|
421
|
Red Dot
|
DDH7051
|
4507242
|
484690
|
1602
|
91
|
-75
|
435
|
Red Dot
|
DDH7052
|
4507241
|
484832
|
1590
|
91
|
-70
|
442
|
Red Dot
|
MRA7053
|
4507696
|
485326
|
1614
|
89
|
-75
|
276
|
Mackay Pit
|
MRA7054
|
4499079
|
484968
|
2265
|
265
|
-60
|
312
|
Trenton
Canyon
|
MRA7055
|
4499079
|
484968
|
2265
|
267
|
-45
|
309
|
Trenton
Canyon
|
MRA7056
|
4499013
|
484878
|
2278
|
270
|
-75
|
306
|
Trenton
Canyon
|
MRA7057
|
4499013
|
484877
|
2278
|
268
|
-50
|
306
|
Trenton
Canyon
|
DDH7058
|
4507303
|
484675
|
1600
|
86
|
-70
|
282
|
Red Dot
|
DDH7059
|
4507301
|
484715
|
1600
|
96
|
-70
|
429
|
Red Dot
|
DDH7060
|
4507303
|
484771
|
1588
|
93
|
-70
|
427
|
Red Dot
|
DDH7061
|
4507302
|
484828
|
1588
|
87
|
-70
|
427
|
Red Dot
|
MRA7062
|
4506722
|
484969
|
1616
|
89
|
-75
|
433
|
DG80
|
MRA7063
|
4498950
|
484828
|
2287
|
270
|
-70
|
306
|
Trenton
Canyon
|
MRA7064
|
4498951
|
484827
|
2287
|
271
|
-45
|
306
|
Trenton
Canyon
|
MRA7065
|
4498928
|
484824
|
2289
|
272
|
-55
|
306
|
Trenton
Canyon
|
MRA7066
|
4506570
|
484818
|
1609
|
92
|
-70
|
404
|
DG80
|
MR7067
|
4508256
|
487266
|
1537
|
90
|
-90
|
152
|
CELL23
|
MR7068
|
4508357
|
487132
|
1533
|
90
|
-90
|
152
|
CELL23
|
MR7069
|
4508515
|
486905
|
1534
|
90
|
-90
|
152
|
CELL23
|
MRA7070
|
4500506
|
483548
|
1981
|
88
|
-75
|
306
|
Trenton
Canyon
|
MRA7071
|
4498469
|
485280
|
2195
|
270
|
-65
|
280
|
Trenton
Canyon
|
MRA7072
|
4498497
|
485292
|
2198
|
274
|
-45
|
306
|
Trenton
Canyon
|
MRA7073
|
4498497
|
485290
|
2199
|
278
|
-60
|
306
|
Trenton
Canyon
|
MRA7074
|
4500633
|
483692
|
1984
|
91
|
-55
|
306
|
Trenton
Canyon
|
MRA7075
|
4500353
|
483588
|
2033
|
88
|
-75
|
306
|
Trenton
Canyon
|
MRA7076
|
4500561
|
483740
|
2030
|
89
|
-40
|
306
|
Trenton
Canyon
|
MRA7077
|
4500410
|
483528
|
1997
|
78
|
-75
|
306
|
Trenton
Canyon
|
MRA7078
|
4500563
|
483617
|
1986
|
93
|
-50
|
306
|
Trenton
Canyon
|
MRA7079
|
4499682
|
483843
|
2202
|
81
|
-55
|
366
|
Trenton
Canyon
|
MRA7080
|
4499682
|
483841
|
2202
|
83
|
-75
|
306
|
Trenton
Canyon
|
MRA7081
|
4498687
|
485229
|
2222
|
271
|
-45
|
337
|
Trenton
Canyon
|
MRA7082
|
4498716
|
485219
|
2224
|
274
|
-45
|
337
|
Trenton
Canyon
|
MRA7083
|
4500531
|
483750
|
2046
|
90
|
-70
|
306
|
Trenton
Canyon
|
MR7084
|
4500412
|
483647
|
2048
|
61
|
-90
|
306
|
Trenton
Canyon
|
MRA7085
|
4499506
|
484457
|
2256
|
272
|
-70
|
306
|
Trenton
Canyon
|
MRA7086
|
4500352
|
483680
|
2068
|
83
|
-45
|
306
|
Trenton
Canyon
|
MRA7087
|
4499535
|
484467
|
2258
|
272
|
-70
|
306
|
Trenton
Canyon
|
MRA7088
|
4500507
|
483758
|
2060
|
85
|
-68
|
306
|
Trenton
Canyon
|
MRA7089
|
4499567
|
484486
|
2259
|
270
|
-75
|
306
|
Trenton
Canyon
|
MRA7090
|
4499567
|
484485
|
2259
|
263
|
-55
|
306
|
Trenton
Canyon
|
MRA7091
|
4500622
|
483591
|
1964
|
83
|
-75
|
306
|
Trenton
Canyon
|
MRA7092
|
4499596
|
484508
|
2261
|
271
|
-50
|
306
|
Trenton
Canyon
|
MRA7093
|
4500321
|
483650
|
2062
|
84
|
-45
|
306
|
Trenton
Canyon
|
MRA7094
|
4500322
|
483578
|
2041
|
88
|
-75
|
337
|
Trenton
Canyon
|
MR7095
|
4500506
|
483668
|
2026
|
75
|
-90
|
303
|
Trenton
Canyon
|
MRA7096
|
4499629
|
484567
|
2263
|
272
|
-75
|
306
|
Trenton
Canyon
|
MRA7097
|
4499260
|
484894
|
2262
|
274
|
-75
|
300
|
Trenton
Canyon
|
MRA7098
|
4499260
|
484894
|
2262
|
267
|
-60
|
337
|
Trenton
Canyon
|
MRA7099
|
4499260
|
484892
|
2262
|
268
|
-45
|
248
|
Trenton
Canyon
|
MRA7100
|
4500449
|
483539
|
1991
|
83
|
-75
|
300
|
Trenton
Canyon
|
MRA7101
|
4500538
|
483539
|
1971
|
79
|
-75
|
306
|
Trenton
Canyon
|
MRA7102
|
4499136
|
484994
|
2263
|
273
|
-60
|
459
|
Trenton
Canyon
|
MRA7103
|
4499137
|
484993
|
2262
|
272
|
-45
|
440
|
Trenton
Canyon
|
MRA7104
|
4500321
|
483648
|
2062
|
94
|
-75
|
184
|
Trenton
Canyon
|
MRA7105
|
4500321
|
483578
|
2041
|
93
|
-55
|
184
|
Trenton
Canyon
|
MRA7106
|
4500352
|
483587
|
2034
|
80
|
-55
|
160
|
Trenton
Canyon
|
MRA7107
|
4500356
|
483648
|
2054
|
81
|
-70
|
160
|
Trenton
Canyon
|
MRA7108
|
4500412
|
483648
|
2048
|
88
|
-70
|
184
|
Trenton
Canyon
|
MRA7109
|
4500380
|
483587
|
2026
|
94
|
-60
|
184
|
Trenton
Canyon
|
MRA7110
|
4500383
|
483567
|
2017
|
91
|
-60
|
184
|
Trenton
Canyon
|
MRA7111
|
4498467
|
485089
|
2177
|
264
|
-65
|
229
|
Trenton
Canyon
|
MRA7113
|
4498408
|
485120
|
2178
|
266
|
-65
|
215
|
Trenton
Canyon
|
MR7114
|
4498408
|
485121
|
2178
|
202
|
-90
|
215
|
Trenton
Canyon
|
MRA7115
|
4498713
|
484955
|
2222
|
271
|
-45
|
312
|
Trenton
Canyon
|
MRA7116
|
4498713
|
484955
|
2222
|
267
|
-85
|
306
|
Trenton
Canyon
|
MRA7117
|
4500572
|
483554
|
1967
|
93
|
-80
|
306
|
Trenton
Canyon
|
MRA7118
|
4500598
|
483560
|
1962
|
88
|
-80
|
306
|
Trenton
Canyon
|
MRA7119
|
4499205
|
484946
|
2262
|
273
|
-75
|
306
|
Trenton
Canyon
|
MRA7120
|
4499205
|
484946
|
2262
|
256
|
-60
|
459
|
Trenton
Canyon
|
MRA7121
|
4499205
|
484946
|
2262
|
252
|
-45
|
459
|
Trenton
Canyon
|
DDH7122
|
4500682
|
484393
|
2032
|
177
|
-80
|
1433
|
Trenton
Canyon
|
MRA7123
|
4506510
|
484792
|
1611
|
82
|
-70
|
390
|
DG80
|
MRA7124
|
4506418
|
484915
|
1624
|
87
|
-60
|
413
|
DG80
|
MRA7125
|
4506418
|
485006
|
1632
|
86
|
-60
|
398
|
DG80
|
MRA7126
|
4499598
|
484508
|
2261
|
100
|
-65
|
325
|
Trenton
Canyon
|
MRA7127
|
4499598
|
484509
|
2261
|
282
|
-75
|
355
|
Trenton
Canyon
|
MR7128
|
4504465
|
487249
|
1876
|
30
|
-90
|
337
|
Valmy
|
MR7129
|
4504436
|
487255
|
1880
|
168
|
-90
|
337
|
Valmy
|
MR7130
|
4504434
|
487222
|
1878
|
145
|
-90
|
337
|
Valmy
|
MRA7131
|
4499598
|
484508
|
2261
|
278
|
-65
|
367
|
Trenton
Canyon
|
MRA7132
|
4499627
|
484524
|
2262
|
262
|
-55
|
398
|
Trenton
Canyon
|
MRA7133
|
4499627
|
484523
|
2262
|
267
|
-45
|
398
|
Trenton
Canyon
|
MR7134
|
4504403
|
487260
|
1885
|
28
|
-90
|
367
|
Valmy
|
MRA7135
|
4499230
|
484928
|
2261
|
270
|
-60
|
337
|
Trenton
Canyon
|
MRA7136
|
4499230
|
484928
|
2261
|
270
|
-45
|
337
|
Trenton
Canyon
|
MR7137
|
4504435
|
487304
|
1881
|
136
|
-90
|
337
|
Valmy
|
MR7138
|
4504437
|
487185
|
1877
|
132
|
-90
|
337
|
Valmy
|
MR7139
|
4504251
|
487434
|
1910
|
207
|
-90
|
337
|
Valmy
|
MRA7140
|
4504223
|
487485
|
1919
|
272
|
-70
|
378
|
Valmy
|
MRA7141
|
4499019
|
485016
|
2259
|
270
|
-70
|
306
|
Trenton
Canyon
|
MRA7142
|
4499048
|
485008
|
2261
|
267
|
-55
|
306
|
Trenton
Canyon
|
MRA7143
|
4499561
|
484476
|
2258
|
271
|
-45
|
367
|
Trenton
Canyon
|
MR7144
|
4504250
|
487476
|
1915
|
152
|
-90
|
352
|
Valmy
|
MR7145
|
4499786
|
484394
|
2152
|
101
|
-90
|
337
|
Trenton
Canyon
|
MR7146
|
4499750
|
484363
|
2155
|
1
|
-90
|
337
|
Trenton
Canyon
|
MRA7147
|
4499507
|
484452
|
2256
|
265
|
-55
|
340
|
Trenton
Canyon
|
MRA7148
|
4499261
|
484897
|
2261
|
79
|
-85
|
337
|
Trenton
Canyon
|
MR7149
|
4499629
|
484564
|
2262
|
346
|
-90
|
367
|
Trenton
Canyon
|
MRA7150
|
4499538
|
484467
|
2257
|
268
|
-45
|
352
|
Trenton
Canyon
|
MRA7151
|
4506631
|
484763
|
1607
|
89
|
-70
|
428
|
DG80
|
MRA7152
|
4499595
|
484494
|
2260
|
273
|
-42
|
178
|
Trenton
Canyon
|
MRA7153
|
4506602
|
484757
|
1608
|
93
|
-70
|
413
|
DG80
|
MRA7154
|
4499142
|
483924
|
2295
|
78
|
-45
|
337
|
Trenton
Canyon
|
MRA7155
|
4499385
|
483931
|
2296
|
83
|
-45
|
337
|
Trenton
Canyon
|
MRA7156
|
4499356
|
483917
|
2296
|
84
|
-65
|
337
|
Trenton
Canyon
|
MRA7157
|
4499356
|
483918
|
2296
|
84
|
-45
|
337
|
Trenton
Canyon
|
MRA7158
|
4506606
|
484811
|
1608
|
92
|
-70
|
337
|
DG80
|
MRA7159
|
4499963
|
484236
|
2107
|
269
|
-55
|
276
|
Trenton
Canyon
|
MRA7160
|
4500054
|
484183
|
2097
|
272
|
-65
|
276
|
Trenton
Canyon
|
MRA7161
|
4500054
|
484181
|
2097
|
271
|
-45
|
201
|
Trenton
Canyon
|
MRA7162
|
4506084
|
484971
|
1640
|
90
|
-60
|
337
|
DG80
|
MRA7163
|
4506204
|
485034
|
1636
|
92
|
-60
|
337
|
DG80
|
MRA7164
|
4506204
|
484953
|
1638
|
92
|
-60
|
337
|
DG80
|
MRA7165
|
4499800
|
483845
|
2200
|
89
|
-45
|
306
|
Trenton
Canyon
|
MRA7166
|
4499109
|
485001
|
2263
|
268
|
-75
|
306
|
Trenton
Canyon
|
MRA7167
|
4499079
|
484970
|
2264
|
269
|
-80
|
306
|
Trenton
Canyon
|
MRA7168
|
4506327
|
485019
|
1634
|
87
|
-60
|
337
|
DG80
|
MRA7169
|
4506339
|
484849
|
1615
|
91
|
-60
|
245
|
DG80
|
MRA7170
|
4506209
|
484823
|
1618
|
88
|
-60
|
373
|
DG80
|
MRA7171
|
4499048
|
485009
|
2261
|
270
|
-70
|
306
|
Trenton
Canyon
|
MRA7172
|
4499018
|
485016
|
2259
|
273
|
-85
|
306
|
Trenton
Canyon
|
MRA7173
|
4499018
|
485014
|
2259
|
273
|
-50
|
302
|
Trenton
Canyon
|
MR7174
|
4504620
|
487182
|
1861
|
101
|
-90
|
337
|
Valmy
|
MR7175
|
4504556
|
487261
|
1878
|
166
|
-90
|
306
|
Valmy
|
MRA7176
|
4499262
|
484898
|
2261
|
85
|
-75
|
369
|
Trenton
Canyon
|
MRA7177
|
4499292
|
484824
|
2264
|
90
|
-70
|
398
|
Trenton
Canyon
|
MRA7178
|
4499291
|
484826
|
2262
|
91
|
-80
|
337
|
Trenton
Canyon
|
MR7180
|
4504494
|
487234
|
1870
|
352
|
-90
|
337
|
Valmy
|
MR7181
|
4504407
|
487187
|
1888
|
240
|
-90
|
337
|
Valmy
|
MR7183
|
4504342
|
487199
|
1908
|
105
|
-90
|
367
|
Valmy
|
MR7184
|
4504346
|
487272
|
1899
|
324
|
-90
|
337
|
Valmy
|
MR7185
|
4504344
|
487349
|
1895
|
270
|
-90
|
337
|
Valmy
|
MRA7194
|
4504279
|
487455
|
1913
|
268
|
-70
|
410
|
Valmy
|
MRA7195
|
4504285
|
487555
|
1936
|
268
|
-70
|
398
|
Valmy
|
MR7196
|
4504440
|
486685
|
1903
|
90
|
-90
|
337
|
Valmy
|
MRA7198
|
4504497
|
486568
|
1887
|
270
|
-50
|
306
|
Valmy
|
MRA7199
|
4504496
|
486669
|
1901
|
270
|
-50
|
306
|
Valmy
|
MRA7200
|
4504527
|
486591
|
1893
|
270
|
-50
|
337
|
Valmy
|
MRA7201
|
4504587
|
486821
|
1891
|
270
|
-50
|
337
|
Valmy
|
Notes: The numerical gaps in the drillhole sequence result
from drillholes reported previously or drillholes expected to be
drilled in 2020.
Table 3. 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
|
True
Width
(meters)
|
Gold
(g/t)2
|
Zone
|
JOY-19-904
|
60.7
|
70.0
|
4514.7
|
5121.0
|
-64.57
|
3.79
|
6.06
|
Gap HW
|
JOY-19-909
|
46.4
|
54.5
|
4483.0
|
5044.3
|
-39.24
|
7.65
|
4.31
|
Gap HW
|
SUG-19-014
|
247.0
|
251.0
|
4375.6
|
5195.5
|
-217.05
|
1.45
|
11.82
|
Gap HW
|
SUG-19-015
|
156.8
|
162.8
|
4460.6
|
5172.2
|
-138.47
|
4.22
|
4.15
|
Gap HW
|
SUG-19-017
|
179.5
|
184.5
|
4437.5
|
5179.3
|
-155.05
|
3.83
|
8.69
|
Gap HW
|
SUG-19-019
|
168.8
|
187.8
|
4477.0
|
5201.7
|
-93.6
|
16.31
|
5.97
|
Gap HW
|
SUG-19-021
|
143.0
|
148.0
|
4465.9
|
5143.7
|
-118.94
|
3.49
|
9.72
|
Gap HW
|
SUG-19-022
|
177.5
|
184.5
|
4428.2
|
5161.9
|
-161.21
|
3.62
|
11.00
|
Gap HW
|
SUG-19-603X
|
450.0
|
480.0
|
4060.2
|
5511.9
|
-489.58
|
2.88
|
3.71
|
Gap HW
|
SUG-19-024
|
315.7
|
323.0
|
4300.7
|
5193.7
|
-235.66
|
3.44
|
3.27
|
Gap HW
|
SUG-19-025
|
369.6
|
372.5
|
4260.8
|
5204.9
|
-279.19
|
1.14
|
28.81
|
Gap HW
|
and
|
378.0
|
380.5
|
4253.5
|
5207.9
|
-281.39
|
1.00
|
21.36
|
Gap HW
|
SUG-19-026
|
127.3
|
133.5
|
4481.6
|
5127.5
|
-106.34
|
5.62
|
8.14
|
Gap HW
|
SUG-19-028
|
234.5
|
244.0
|
4355.0
|
5117.5
|
-181.52
|
5.00
|
10.99
|
Gap HW
|
SUG-19-029
|
291.6
|
299.2
|
4304.5
|
5137.8
|
-208.94
|
3.47
|
10.45
|
Gap HW
|
SUG-19-034
|
346.5
|
351.5
|
4465.9
|
5368.4
|
-316.41
|
2.84
|
10.89
|
Gap HW
|
SUG-19-615
|
410.1
|
415.0
|
3911.0
|
5357.1
|
-592.88
|
2.33
|
29.74
|
Gap HW
|
SUG-19-038
|
216.5
|
220.5
|
4564.3
|
5290.3
|
-228.94
|
3.26
|
3.36
|
Gap HW
|
SUG-19-041
|
415.5
|
423.0
|
4396.8
|
5383.5
|
-377.03
|
2.95
|
21.36
|
Gap HW
|
SUG-19-042
|
370.8
|
378.5
|
4443.1
|
5380.0
|
-335.73
|
3.31
|
4.73
|
Gap HW
|
SUG-19-043
|
415.9
|
423.5
|
4454.1
|
5413.8
|
-370.2
|
6.25
|
9.37
|
Gap HW
|
SUG-19-948
|
155.7
|
166.7
|
4105.2
|
5411.6
|
-439.46
|
5.25
|
5.11
|
Gap HW
|
SUG-19-950
|
77.5
|
84.5
|
4159.5
|
5344.1
|
-421.79
|
3.78
|
6.30
|
Gap HW
|
SUG-19-952
|
99.4
|
106.5
|
4112.6
|
5318.7
|
-440.19
|
5.11
|
5.02
|
Gap HW
|
SUG-19-953
|
106.3
|
116.0
|
4103.2
|
5319.5
|
-453.71
|
6.08
|
4.24
|
Gap HW
|
and
|
116.0
|
126.0
|
4093.7
|
5322.0
|
-453.38
|
6.27
|
5.02
|
Gap HW
|
SUG-19-954
|
127.9
|
135.0
|
4084.6
|
5325.0
|
-471.1
|
4.72
|
6.58
|
Gap HW
|
and
|
135.0
|
141.6
|
4078.1
|
5326.9
|
-471.8
|
4.39
|
13.50
|
Gap HW
|
SUG-19-921
|
236.2
|
244.2
|
4432.3
|
5192.7
|
-508.71
|
4.39
|
6.64
|
Santoy 8A
|
SUG-19-923
|
274.4
|
279.3
|
4473.3
|
5193.7
|
-504.65
|
2.62
|
29.87
|
Santoy 8A
|
SUG-19-924
|
237.6
|
246.7
|
4436.9
|
5218.9
|
-531.97
|
5.00
|
12.37
|
Santoy 8A
|
SUG-19-928
|
311.7
|
323.6
|
4513.7
|
5178.3
|
-489.83
|
5.83
|
19.81
|
Santoy 8A
|
SUG-19-931
|
217.5
|
223.5
|
4294.0
|
5083.9
|
-407.71
|
3.48
|
4.47
|
Santoy 8A
|
SUG-19-932
|
193.6
|
201.7
|
4288.6
|
5103.7
|
-430.31
|
5.57
|
8.90
|
Santoy 8A
|
SUG-19-933
|
209.7
|
219.0
|
4319.7
|
5100.1
|
-420.11
|
5.25
|
20.56
|
Santoy 8A
|
SUG-19-935
|
290.3
|
292.1
|
4362.0
|
5046.0
|
-372.81
|
0.79
|
34.15
|
Santoy 8A
|
SUG-19-936
|
231.9
|
235.0
|
4353.0
|
5101.0
|
-411.02
|
1.65
|
6.65
|
Santoy 8A
|
SUG-19-937
|
221.4
|
225.7
|
4302.0
|
5083.8
|
-408.93
|
2.54
|
17.78
|
Santoy 8A
|
SUG-19-945
|
346.2
|
349.8
|
4526.4
|
5337.3
|
-606.88
|
1.03
|
21.62
|
Santoy 8A
|
SUG-19-304
|
19.6
|
21.9
|
3891.8
|
4852.5
|
-230.58
|
2.23
|
5.96
|
Santoy 9C
|
SUG-19-306
|
49.8
|
57.2
|
4308.3
|
5072.2
|
-396.18
|
7.06
|
4.11
|
Santoy 8A
|
SUG-19-307
|
52.0
|
58.6
|
4325.0
|
5085.1
|
-404.72
|
6.23
|
20.14
|
Santoy 8A
|
SUG-19-308
|
53.7
|
55.9
|
4327.9
|
5097.1
|
-395.53
|
2.17
|
10.35
|
Santoy 8A
|
SUG-19-310
|
58.6
|
60.8
|
4353.3
|
5082.1
|
-396.76
|
1.93
|
21.45
|
Santoy 8A
|
SUG-19-312
|
10.7
|
13.9
|
3680.0
|
4989.0
|
-446.84
|
1.97
|
24.00
|
Santoy 9B
|
SUG-19-314
|
12.0
|
14.5
|
3693.0
|
4988.0
|
-447.85
|
1.54
|
15.28
|
Santoy 9B
|
SUG-19-316
|
19.2
|
22.3
|
3705.2
|
4985.5
|
-455.33
|
1.94
|
5.29
|
Santoy 9B
|
SUG-20-300
|
42.0
|
43.2
|
3879.9
|
4782.3
|
-179.0
|
0.73
|
28.67
|
Santoy 9A
|
SUG-20-302
|
26.2
|
28.1
|
3891.7
|
4796.4
|
-191.2
|
1.57
|
21.04
|
Santoy 9A
|
SUG-20-309
|
75.7
|
87.8
|
4420.7
|
5238.7
|
-557.6
|
6.87
|
3.61
|
Santoy 8A
|
SUG-20-902
|
114.2
|
121.8
|
4103.2
|
5339.9
|
-453.1
|
4.78
|
5.71
|
Gap HW
|
SUG-20-904
|
66.5
|
72.9
|
4153.6
|
5326.0
|
-435.6
|
4.96
|
3.02
|
Gap HW
|
and
|
91.9
|
97.0
|
4133.9
|
5338.8
|
-428.1
|
3.95
|
3.17
|
Gap HW
|
SUG-20-905
|
61.8
|
68.8
|
4166.2
|
5325.6
|
-422.3
|
5.94
|
3.38
|
Gap HW
|
and
|
72.6
|
75.3
|
4160.5
|
5330.4
|
-417.8
|
2.29
|
7.70
|
Gap HW
|
SUG-20-906
|
135.9
|
147.0
|
4103.7
|
5378.8
|
-426.2
|
7.31
|
7.61
|
Gap HW
|
SUG-20-004
|
341.7
|
347.7
|
4559.2
|
5342.7
|
-388.4
|
3.59
|
3.19
|
Gap HW
|
SUG-20-907
|
96.2
|
101.4
|
4132.1
|
5350.9
|
-453.2
|
2.97
|
13.15
|
Gap HW
|
SUG-20-908
|
115.5
|
126.4
|
4115.6
|
5364.8
|
-466.6
|
4.79
|
13.72
|
Gap HW
|
SUG-20-911
|
87.5
|
96.4
|
4124.7
|
5299.4
|
-423.4
|
7.64
|
14.75
|
Gap HW
|
SUG-20-912
|
96.2
|
100.0
|
4114.1
|
5298.4
|
-439.2
|
3.00
|
7.08
|
Gap HW
|
and
|
106.0
|
110.0
|
4104.4
|
5299.3
|
-437.4
|
3.16
|
6.01
|
Gap HW
|
SUG-20-914
|
156.6
|
161.6
|
4052.7
|
5298.1
|
-474.2
|
2.12
|
5.34
|
Gap HW
|
SUG-20-915
|
83.2
|
86.5
|
4137.8
|
5299.2
|
-412.4
|
3.20
|
4.94
|
Gap HW
|
SUG-20-918
|
151.4
|
155.5
|
4067.3
|
5329.2
|
-495.0
|
1.59
|
6.47
|
Gap HW
|
and
|
170.0
|
178.8
|
4047.8
|
5334.4
|
-500.4
|
3.42
|
4.64
|
Gap HW
|
SUG-20-919
|
205.1
|
210.0
|
4026.9
|
5353.7
|
-528.7
|
1.44
|
22.26
|
Gap HW
|
JOY-20-914
|
769.0
|
771.9
|
3794.0
|
5544.6
|
-749.8
|
2.62
|
28.92
|
Gap HW
|
JOY-20-915
|
671.0
|
675.3
|
3823.7
|
5604.5
|
-637.6
|
3.18
|
3.55
|
Gap HW
|
BAT-20-013
3
|
31.7
|
35.3
|
600432.2
|
6168877.9
|
421
|
3.60
|
37.95
|
Joker
|
(including)
3
|
31.7
|
32.7
|
600432.8
|
6168878.0
|
422
|
1.00
|
117.20
|
Joker
|
FIS-20-042
3
|
94.5
|
96.0
|
601189.4
|
6166972.6
|
377
|
1.50
|
12.13
|
Abel Lake
|
FIS-20-041
3
|
472.1
|
472.6
|
603806.6
|
6161408.8
|
5
|
0.50
|
20.54
|
Mac North
|
FIS-20-053
3
|
253.6
|
255.6
|
603775.6
|
6161382.4
|
260
|
1.92
|
9.10
|
Mac North
|
(including)
3
|
255.1
|
255.6
|
603775.6
|
6161382.4
|
260
|
0.50
|
25.14
|
Mac North
|
YIN-20-004
3
|
98.1
|
100.4
|
601523.4
|
6166917.0
|
371
|
2.29
|
13.74
|
Yin
|
(including)
3
|
99.9
|
100.4
|
601523.9
|
6166917.0
|
370
|
0.53
|
55.50
|
Yin
|
Notes: Drillholes presented in this table
have gram-meter product greater than 9. For the Joker, Abel Lake, Mac North and Yin areas, width in
meters represents downhole intersected length, which may or may not
be a true thickness of the
mineralization.
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.
Sampling and Analytical Procedures
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 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.
Marigold mine also utilizes Paragon Geochemical
Laboratories, a privately held corporation located in Sparks, Nevada. Analytical procedures
utilized are ISO/IEC 17025:2017 accredited and ISO 9001:2015
certified. Samples were prepared under strictly controlled
processes, and 30-gram aliquots fire assayed with lead collection.
The analytical determinations were with aqua regia digestion and
Inductively Coupled Plasma analysis (Au-OES30). Results greater
than 8 g/t gold were fire assayed with gravimetric finish
(Au-GR30). Quality control utilizes layers of embedded
controls that are monitored during operations and used for final
certification.
All drill samples in respect of the Seabee Gold Operation
("SGO") underground drilling program and some samples from the
surface program were assayed by our onsite non-accredited assay
laboratory, which is not independent from SSR Mining. Surface
drilling samples not analyzed by our onsite assay laboratory were
analyzed at TSL Laboratories Inc. ("TSL") in Saskatoon, Saskatchewan, which also serves as
the QAQC laboratory for our onsite lab. Duplicate check assays were
conducted at site as well as at TSL, 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. SGO
site lab typically prepares two hundred-gram samples that were
pulverized until greater than 80 percent passed through a 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).
TSL prepares a minus150 mesh pulp (95% passing) weighing 250 grams
from a minus 10 mesh coarse crush reject. Fire assay with Atomic
Absorption finish was completed on a 30-gram aliquot to produce
gold analytical results with a 0.005 g/t gold detection limit. Fire
assay with gravimetric finish was prepared on those samples with
greater than 3 g/t gold.
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 Exploration Manager 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 Puna Operations has been reviewed and approved by
F. Carl Edmunds, P. Geo., a
qualified person under NI 43-101. Mr. Edmunds is our Vice
President, Exploration. The qualified persons have verified the
information disclosed herein, including the sampling, preparation,
security and analytical procedures underlying such information, and
are not aware of any significant risks and uncertainties that could
be expected to affect the reliability or confidence in the
information discussed herein.
About SSR Mining
SSR Mining 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 Puna Operations 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.
Senior 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 at the Marigold mine and the Seabee Gold Operation,
including (a) increasing Mineral Resources at Trenton Canyon and
Valmy at year-end 2020 and (b)
increasing Mineral Resources at Santoy Gap HW and Santoy 9A at
year-end 2020; expected timing for our exploration program at the
Trenton Canyon property in the second quarter of 2020; our expected
drill programs at each of the Marigold mine and the Seabee Gold
Operation; estimated mine life, including anticipated extension of
the mine life of the Marigold mine and the Seabee Gold Operation;
estimated project economics; the impact of the COVID-19 outbreak on
our mining operations and exploration programs, including the
suspension of operations at the Seabee Gold Operation and Puna
Operations and the implementation of a safe restart plan at the
Seabee Gold Operation; the timing, focus and results of our
exploration and development programs, including our ability to
achieve certain exploration objectives depending on the duration of
the suspension at the Seabee Gold Operation; the Marigold mine
continuing to operate with limited impact from COVID-19, including
exploration activities at the Marigold mine continuing as planned;
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, Puna Operations and
our projects, including as a result of COVID-19; the duration of
the suspension of operations at the Seabee Gold Operation and Puna
Operations, and the development and implementation of plans to
resume operations; disruptions to our supply chain, customers and
workforce due to the COVID-19 outbreak; the responses of the
relevant governments to the COVID-19 outbreak not being sufficient
to contain the impact of the COVID-19 outbreak; an economic
recession or downturn as a result of the COVID-19 outbreak that
materially adversely affects our operations or liquidity position;
our ability to replace Mineral Reserves; commodity price
fluctuations; political or economic instability and unexpected
regulatory changes; currency fluctuations; the possibility of
future losses; general economic conditions; counterparty and market
risks related to the sale of our concentrates 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; the impact of governmental
regulations, including health, safety and environmental
regulations, including increased costs and restrictions on
operations due to compliance with such regulations; unpredictable
risks and hazards related to the development and operation of a
mine or mineral property that are beyond our control; reclamation
and closure requirements for our mineral properties; potential
labour unrest, including labour actions by our unionized employees
at Puna Operations; indigenous peoples' title claims and rights to
consultation and accommodation may affect our existing operations
as well as development projects and future acquisitions; certain
transportation risks that could have a negative impact on our
ability to operate; assessments by taxation authorities in multiple
jurisdictions; recoverability of value added tax and Puna credits
balance and significant delays in the collection process in
Argentina; 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; fully realizing our interest in deferred
consideration received in connection with recent divestitures;
fully realizing the value of our shareholdings in our marketable
securities, due to changes in price, liquidity or disposal cost of
such marketable securities; 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; reputation loss resulting in decreased
investor confidence; increased challenges in developing and
maintaining community relations and an impediment to our overall
ability to advance our projects; risks normally associated with the
conduct of joint ventures; an event of default under our 2013
convertible notes or our 2019 convertible notes may significantly
reduce our liquidity and adversely affect our business; failure to
meet covenants under our senior secured revolving credit facility;
information systems security threats; conflicts of interest that
could arise from certain of our directors' and officers'
involvement with other natural resource companies; other risks
related to our common shares; 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; our ability to continue operating the Marigold mine and the
Seabee Gold Operation; dilution and mining recovery assumptions;
the success of mining, processing, exploration and development
activities; the accuracy of geological, mining and metallurgical
estimates; no significant unanticipated operational or technical
difficulties; maintaining good relations with the communities
surrounding the Marigold mine and the Seabee Gold Operation; no
significant events or changes relating to regulatory,
environmental, health and safety matters; certain tax matters; and
no significant and continuing adverse changes in general economic
conditions or conditions in the financial markets (including
commodity prices, foreign exchange rates and inflation rates). 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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SOURCE SSR Mining Inc.