Announcement Date: 2022-12-12
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: SSR Mining Inc.
Project name: Seabee Gold Operation
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 9m at 18.60g/t Au, from 33.7m
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 377 diamond drill holes completed at the Seabee property in Saskatchewan, Canada, for the September, 2021 to November, 2022 exploration period (the “Exploration Period”). These results build upon, and are subsequent to, the Seabee 2021 Technical Report Summary (the “2021 Seabee TRS”), which highlighted a six-year Mineral Reserve life averaging approximately 96,000 ounces of annual gold production. The life of mine plan in the 2021 TRS was based on 580,000 ounces of Proven and Probable Mineral Reserves calculated using a cut-off grade of 2.5 g/t Au and a 1.8 meter minimum mining width. Activity during the Exploration Period included both near-mine resource development drilling adjacent to current underground infrastructure at the Santoy Mine Complex (“Santoy”), as well as more regional activity across the Seabee property (Figure 1). Notably, the regional exploration activity included drilling at the Porky Main and Porky West targets, with results to-date returning broad intercepts of near-surface mineralization potentially amenable to open pit mining in the future. Additional regional exploration included the initial delineation of the Shane target, which remains open along strike and is located adjacent to the Santoy Road that connects the mine to the Seabee processing facility.
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