Announcement Date: 2022-11-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: SSR Mining Inc.
Project name: Marigold Mine
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 25.9m at 4.20g/t Au, from 117.3m
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 results from 316 drillholes completed at the Marigold mine in Nevada, USA, for the period from October, 2021 to August, 2022 (Figure 1) at the New Millennium, Trenton Canyon and Buffalo Valley oxide targets. These results build upon, and are subsequent to, the Marigold 2021 Technical Report Summary. With an existing Mineral Reserve life of 11 years, exploration at Marigold is focused on adding higher-grade oxide ounces to the mine plan to both enhance and extend the current production profile and life of mine free cash flow generation. The continued exploration success at these key exploration targets has the potential to drive Mineral Reserve and Mineral Resource growth that can be incorporated into an updated Technical Report Summary for Marigold, which is expected in 2023 (the “2023 Marigold TRS”). The 2023 Marigold TRS will evaluate the potential to add New Millennium to the life of mine plan. Future studies will evaluate mining and processing opportunities at the Trenton Canyon and Buffalo Valley satellite targets located four and ten kilometers south of New Millennium, respectively. The potential development of New Millennium was unlocked by recent brownfield strategic land acquisitions and presents an opportunity to add higher-grade oxide Mineral Reserves and Mineral Resources proximal to existing Marigold infrastructure. The New Millennium target area is comprised of six distinct zones which include East Basalt, Battle Cry, Antler, Section 6, Lil’ Gun and North Antler. These targets are on the periphery of the Antler-Basalt pits that previously produced approximately one million ounces at a grade of 0.75 g/t. Nearly 45,000 meters of drilling was completed at New Millennium across 146 holes, with numerous intercepts significantly above Marigold’s existing Mineral Reserve grade and new mineralization encountered more than five hundred meters south of previously defined Mineral Resources.
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