Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: SSR Mining Inc.
Project name: Copper Hill
Location: Turkey
Commodities: Copper
Highlight: Drilling results incl. 37.4m @ 3.29% Cu from 92.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: DENVER – SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (‘’SSR Mining’’ or the “Company”) is pleased to announce positive results from an additional 27 diamond drill holes at Copper Hill for the period from June to September 2021. Copper Hill is located in the Black Sea region of northeast Turkey (Figure 1), and these results follow the initial 8 drill holes reported from the prospect in 2020. Recent intercepts1 of note from Copper Hill included Concurrent with this exploration update, SSR Mining is pleased to announce that it has reached an agreement to acquire an additional 20% ownership in Copper Hill from joint venture partner Lidya Mining (the “Transaction”). Upon completion of the Transaction, SSR Mining will own 70% of the asset and serve as operator. As consideration for the increased ownership in Copper Hill, SSR Mining will transfer 20% of its ownership stake in the Tunçpınar prospect in east-central Turkey to Lidya Mining, reducing SSR Mining’s ownership to 30% while retaining a new 0.5% net smelter return royalty on the property. Lidya Mining will serve as operator at Tunçpınar. There are no royalties existing on Copper Hill.
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