SSR Mining Provides July 2019 Exploration Update

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

SSR Mining Provides July 2019 Exploration Update

Canada NewsWire

VANCOUVER, July 30, 2019 /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 Pitarrilla project in Durango, Mexico for the period from October 1, 2018 to May 31, 2019 (the "Exploration Period").

Paul Benson, President and CEO said, "Over recent years, we have continued to invest in our business, even in times of depressed precious metals prices. We are seeing the benefits of that investment now as we enter a period of anticipated increasing production, declining cash costs and continued exploration success.

I am pleased to report that the exploration and technical work at Red Dot, at the Marigold mine, has provided increased confidence in the deposit's economics based on current assumptions, which include a gold price of $1,250 per ounce. Positively, we do not need to invest mining expansion capital considered in the Marigold Equipment Replacement Study to support Red Dot economics. Red Dot production is expected to be added to the current mine plan extending Marigold's life into the early 2030's. We continue drilling at Marigold and expect to commence soon an exploration program at the recently-acquired properties to the south of the mine. As a result, we expect to further grow Marigold's Mineral Reserves and Resources in years to come.

We have also had success at Seabee with exciting results in our Santoy Gap Hanging Wall area. We continue both infill and step out drilling and expect Santoy Gap Hanging Wall to extend the Seabee mine life. Finally, we are also announcing works aimed at expanding the Pitarrilla high grade zone, with the objective to improve the economics of that project to a double-digit IRR at spot silver price."

Highlights:

  • Successful Red Dot exploration program provides opportunity to extend Marigold mine life.

    • Exploration success in 2019: Exploration drilling in 2018 and geotechnical drilling and engineering completed in 2019 support the conversion of Red Dot Mineral Resources.

    • Marigold mine life extension: We expect Red Dot to extend the current Marigold life of mine plan into the early 2030's without the need for expansion capital.

    • Mineral Reserves additions: We expect to report conversion of Red Dot Phases 2 and 3 Mineral Resources at year-end 2019, complementing the reported 350,000 ounces of gold Mineral Reserves at Red Dot, referred to as Phase 1, in our year-end 2018 Mineral Reserves and Mineral Resources estimate.

    • Focus on Mineral Resources expansion: Exploration and permitting activities are underway at North and South Red Dot, Valmy, East Basalt and Trenton Canyon areas aimed at extending known mineralization and discovery during 2019 and beyond.

  • Also, at Marigold, infill drill results for the Mackay pit and the North and South Red Dot areas are expected to add to existing Mineral Reserves and Mineral Resources at year-end 2019. Drill results include:

    • At the Mackay pit, drillhole MRA6915 intersected 1.03 g/t gold over 19.8 meters from 75 meters;

    • At North Red Dot, drillhole MRA6790 intersected 5.02 g/t gold over 53.3 meters from 319 meters, including 12.53 g/t gold over 19.8 meters from 352 meters; and

    • At South Red Dot, drillhole MRA6929 intersected 1.70 g/t gold over 47.2 meters from 213 meters, including 3.36 g/t gold over 16.8 meters from 218 meters.

  • At the Seabee Gold Operation, brownfield drill results for the Santoy Gap Hanging Wall are expected to increase Mineral Resources at year-end. Drill results include:

    • Drillhole SUG-19-601 intersected 7.01 g/t gold over 18.2 meters true width; and

    • Drillhole SUG-18-636 intersected 9.96 g/t gold over 10.7 meters true width.

  • Greenfields exploration at the Seabee Gold Operation and Fisher property intersected new mineralized zones at the Batman Lake and Mac targets, respectively, where we are targeting new gold discoveries. Drill results include:

    • At the Batman Lake target, drillhole BAT-19-001 intersected 6.28 g/t gold over 1.5 meters intersected width; and

    • At the Mac target, drillhole FIS-19-035 intersected 7.31 g/t gold over 1.6 meters intersected width and 3.76 g/t gold over 4.2 meters intersected width, including 13.72 g/t gold over 0.7 meters intersected width.

  • At the Pitarrilla project, we are reviewing drill programs and engineering studies to identify additional zones and continuity of high grade Mineral Resources with the potential to improve project economics based on current metal prices.

    • We are evaluating contractors to extend the existing underground access and drill these areas. If approved, drilling is anticipated to commence in the second half of 2020.

Marigold mine, U.S.

During the fourth quarter of 2018, drilling focused on converting Inferred Mineral Resources and adding to Mineral Resources in the Mackay pit, while drilling during 2019 has focused on increasing Mineral Resources and Mineral Reserves in the Mackay pit and the North and South extensions of Red Dot. A total of 68,965 meters was drilled during the Exploration Period. The drill program included three core holes as part of the geotechnical study for the Red Dot pit designs and nine core holes for quality control within the Red Dot deposit.

During 2019, we have received results from 98 drillholes, which, combined with the drill program completed in 2018, are expected to further expand Mineral Reserves and add to Mineral Resources at Red Dot at year-end 2019.

Drilling locations at Marigold for the Exploration Period are shown in Figure 1, with highlighted results illustrated in the east-west cross-section in Figure 2 and the north-south longitudinal section in Figure 3. Table 1 lists selected drill results for the Exploration Period, while Table 2 provides the collar coordinates and drillhole lengths.

In 2018 and 2019, we acquired four parcels totaling 130 hectares of land located within the Marigold mine land package, as stated in our news release dated June 27, 2019. One of these parcels is located near South Red Dot, as shown in Figure 1. During the Exploration Period, we intersected higher grade mineralization at South Red Dot (see Figure 3), indicating the prospectivity of this land parcel and its potential to increase our Mineral Resources estimate at Marigold at year-end 2019.

The Red Dot area contained a Mineral Resources estimate as outlined in our year-end 2017 Mineral Reserves and Mineral Resources estimate (see news release dated February 22, 2018) but did not demonstrate economic viability utilizing a $1,250 per ounce of gold price. As a result, in 2018, we initiated an extensive drill program at the Red Dot area with the goals of upgrading Mineral Resources to Mineral Reserves and increasing the amount of contained gold by improving our geological understanding and defining higher-grade structures at this area. The 2018 Red Dot area drill program was successful in that it achieved, in part, our goal of converting Red Dot Mineral Resources by adding 350,000 ounces of gold to Mineral Reserves as reported in our year-end 2018 Mineral Reserves and Mineral Resources estimate (see news release dated February 21, 2019), which we refer to as Red Dot Phase 1.

During the first half of 2019, the Red Dot exploration program focused on geotechnical drilling and engineering with the goal of declaring additional Mineral Reserves at Red Dot. We also completed preliminary pit designs and related economic evaluations referred to as the Marigold Equipment Replacement Study. These evaluations were completed with strict economic return and investment thresholds and were based on current assumptions, which include a gold price of $1,250 per ounce. Red Dot is anticipated to extend the Marigold mine life into the early 2030's, without requiring expansion of the mining fleet or the associated expansion capital.

Exploration and permitting activities are currently underway in the Mackay pit, North and South Red Dot, Valmy, East Basalt and the newly-acquired Trenton Canyon areas, aimed at extending known gold mineralization and discovery during 2019 and beyond. We expect to commence the first phase of our exploration program at the Trenton Canyon property, which lies immediately south of Marigold, in the third quarter of 2019.

Seabee Gold Operation, Canada

At the Santoy mine complex, drilling throughout the Exploration Period focused on increasing Mineral Resources and defining Mineral Reserves at the Santoy Gap Hanging Wall ("Gap HW"), Santoy 8A and Santoy 9A and 9C zones. Greenfields exploration activities at the Seabee Gold Operation and Fisher property are focused on targeting new gold discoveries at the Batman Lake and Mac areas, respectively. Over the Exploration Period, 190 drillholes totaling 75,921 meters of core drilling were completed from underground and surface programs at the properties. Underground and surface exploration is on-going.

The Gap HW drill program has realized consistent positive results from areas up and down plunge from the initial Inferred Mineral Resources outlined at year-end 2018. The Gap HW Mineral Resources are located within 250 meters of Santoy 9 mineralization and extend parallel to the Santoy decline for approximately 300 meters. Currently, the mineralized structure demonstrates a plunge length of 1,200 meters associated with a folded granodiorite sill. As of the end of the Exploration Period, we have completed 77 drillholes at Gap HW, with 44 drillholes containing resource widths and grades of more than 3 g/t gold over 3 meters. Once compiled, we expect these results to add Mineral Resources at Santoy at year-end 2019. Highlighted drill results are shown in a longitudinal section of the Santoy mine complex in Figure 4 and a cross-section of the Gap HW in Figure 5. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

During the Exploration Period, we completed 36 drillholes at Santoy 8A and 33 drillholes at Santoy 9, which aided in converting Inferred Mineral Resources to Mineral Reserves at year-end 2018. Our 2019 exploration program aims to increase Inferred Mineral Resources in these areas.

At the Batman Lake area, located 800 meters south of the Santoy mine, we completed four drillholes totaling 1,062 meters during the Exploration Period, of which three drillholes intersected a new mineralized area called the Riddler zone. This zone, averaging four meters of intercepted width, contained visible gold and exhibits plunge continuity of nearly 400 meters from 100 meters below surface. The best intercept returned 6.28 g/t gold over 1.5 meters in drillhole BAT-19-001 and demonstrates additional exploration potential within 800 meters of the Santoy mine complex, with additional drilling planned to investigate this mineralization, which remains open at depth.

At the Fisher project, our objective is to discover a new zone with potential for Inferred Mineral Resources. Work during the fourth quarter of 2018 focused on the Mac target, where we completed a drill program including ten drillholes totaling 3,552 meters. During 2019, at the Fisher project we have completed 20 drillholes totaling 7,640 meters, including a further seven drillholes and 3,522 meters at the Mac target. The program was successful in intersecting gold mineralization at the Mac vein in five drillholes with an average drilled width of two meters. Hole FIS-19-035 intercepted 3.76 g/t gold over 4.2 meters, representing the first occurrence at the Fisher project of mineable width and above cut-off grade gold mineralization.

Next exploration steps at the Seabee Gold Operation include completing exploration for additional Inferred Mineral Resources up and down plunge from the existing Gap HW Inferred Mineral Resources. We expect to evaluate Gap HW mining alternatives during 2020. Field programs targeting greenfields discovery are underway at the Seabee Gold Operation and Fisher property.

Table 3 lists selected drill results at the Santoy mine complex and the Batman Lake and Fisher project areas for the Exploration Period.

Pitarrilla Project, Mexico

The Pitarrilla project was the subject of a feasibility study completed in 2012. The feasibility study contemplated an open pit mine and capital intensive processing facilities capable of recovering silver and base metals from surface oxides, transition zone and deeper sulphide Mineral Resources using a long-term silver price of $25 per ounce.

In 2018, we evaluated a smaller scale, underground mine alternative, targeting higher-grade sulphide Mineral Resources using prevailing metals prices and lower capital, aligned with the reduced scope. While this evaluation resulted in a modest, positive return, our minimum investment criteria were not satisfied. However, the 2018 underground mine evaluation indicated that there is potential to increase the sulphide mineralization tonnage and metal grades for improved project economics with additional exploration activities. This is a result of moderately-spaced vertical exploration holes associated with the 2012 open pit mine scenario and sub-vertical structures controlling the higher-grade sulphide mineralization.

During the second quarter of 2019, we requested proposals from contractors to extend an existing exploration decline approximately 850 meters allowing for an in-fill drilling program of the Pitarrilla project sulphide Mineral Resources over an 18-month time period. We are in the process of evaluating and selecting a contractor to access and drill these Mineral Resources. If approved, drilling is expected to commence in the second half of 2020.

A cross-section for the proposed exploration drill program at the Pitarrilla project is shown in Figure 6.

Figure 1. Drillhole location plan map for the exploration drill programs at the Marigold mine, Nevada, U.S. during the Exploration Period.

Figure 1. Drillhole location plan map for the exploration drill programs at the Marigold mine, Nevada, U.S. during the Exploration Period. (CNW Group/SSR Mining Inc.)

Figure 2. Drill cross-section along A-A' highlighting the North Red Dot area at the Marigold mine, Nevada, U.S.

Figure 2. Drill cross-section along A-A’ highlighting the North Red Dot area at the Marigold mine, Nevada, U.S. (CNW Group/SSR Mining Inc.)

Figure 3. Drill longitudinal section along B-B' highlighting the South Red Dot area at the Marigold mine, Nevada, U.S.

Figure 3. Drill longitudinal section along B-B’ highlighting the South Red Dot area at the Marigold mine, Nevada, U.S. (CNW Group/SSR Mining Inc.)

Figure 4. Longitudinal section for the exploration drill program at the Santoy mine complex, Seabee Gold Operation, Saskatchewan, Canada during the Exploration Period.

Figure 4. Longitudinal section for the exploration drill program at the Santoy mine complex, Seabee Gold Operation, Saskatchewan, Canada during the Exploration Period. (CNW Group/SSR Mining Inc.)

Figure 5. Cross-section for the exploration drill program, looking mine grid west, at the Santoy Gap Hanging Wall, Seabee Gold Operation, Saskatchewan, Canada during the Exploration Period.

Figure 5. Cross-section for the exploration drill program, looking mine grid west, at the Santoy Gap Hanging Wall, Seabee Gold Operation, Saskatchewan, Canada during the Exploration Period. (CNW Group/SSR Mining Inc.)

Figure 6. Cross section for the proposed exploration drill program at the Pitarrilla project, Durango, Mexico.

Figure 6. Cross section for the proposed exploration drill program at the Pitarrilla project, Durango, Mexico. (CNW Group/SSR Mining Inc.)

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)

Area

MRA6780

376.4

458.7

82.3

0.47

Red Dot

MRA6790

318.5

371.9

53.3

5.02

North Red Dot

(including)

352.0

371.9

19.8

12.53

North Red Dot

MRA6793

158.5

184.4

25.9

2.80

Mackay Pit

(including)

158.5

166.1

7.6

8.80

Mackay Pit

MRA6797

384.0

423.7

39.6

4.00

North Red Dot

(including)

385.6

405.4

19.8

6.59

North Red Dot

MRA6800

391.7

428.2

36.6

2.27

North Red Dot

(including)

399.3

411.5

12.2

4.38

North Red Dot

MRA6802

309.4

364.2

54.9

0.63

North Red Dot

MRA6804

233.2

262.1

29.0

1.22

Mackay Pit

MRA6809

269.7

304.8

35.1

0.70

Red Dot

and

335.3

367.3

32.0

0.99

Red Dot

MRA6810

271.3

300.2

29.0

0.91

Red Dot

MRA6819

388.6

413.0

24.4

0.85

North Red Dot

MRA6822

190.5

221.0

30.5

0.73

Red Dot

MRA6834

317.0

399.3

82.3

0.67

Red Dot

and

399.3

438.9

39.6

0.74

Red Dot

MRA6838

195.1

211.8

16.8

2.75

Red Dot

(including)

196.6

205.7

9.1

4.69

Red Dot

and

281.9

355.1

73.2

0.44

Red Dot

MRA6843

324.6

365.8

41.1

0.58

South Red Dot

MRA6845

371.9

425.2

53.3

2.85

North Red Dot

MRA6849

303.3

388.6

85.3

1.76

North Red Dot

(including)

349.0

359.7

10.7

3.93

North Red Dot

MRA6855

312.4

356.6

44.2

0.61

North Red Dot

MRA6856

150.9

164.6

13.7

1.91

South Red Dot

MRA6859

309.4

364.2

54.9

0.49

South Red Dot

MRA6862

361.2

374.9

13.7

1.49

North Red Dot

MRA6870

435.9

458.7

22.9

1.52

North Red Dot

MRA6871

333.8

362.7

29.0

0.90

South Red Dot

MRA6878

225.6

342.9

117.3

0.31

South Red Dot

MRA6894

214.9

265.2

50.3

1.07

South Red Dot

MRA6900

4.6

19.8

15.2

2.07

Mackay Pit

MRA6907

39.6

64.0

24.4

0.89

Mackay Pit

MRA6908

16.8

35.1

18.3

1.24

Mackay Pit

MRA6912

24.4

61.0

36.6

0.63

Mackay Pit

MRA6915

74.7

94.5

19.8

1.03

Mackay Pit

MRA6920

210.3

253.0

42.7

0.51

South Red Dot

MRA6928

205.7

251.5

45.7

0.46

South Red Dot

MRA6929

213.4

260.6

47.2

1.70

South Red Dot

(including)

217.9

234.7

16.8

3.36

South Red Dot

MRA6937

243.8

309.4

65.5

0.48

South Red Dot

MRA6942

198.1

265.2

67.1

0.40

South Red Dot

MRA6943

262.1

303.3

41.1

0.85

South Red Dot

MRA6944

269.7

310.9

41.1

0.60

North Red Dot

and

342.9

457.2

114.3

0.79

North Red Dot

(including)

355.1

371.9

16.8

3.17

North Red Dot


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 "To" and "From" 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

MRA6780

4507669

484606

1619

86

-71

459

Red Dot

MRA6786

4508647

484878

1558

91

-57

261

Red Dot

MRA6787

4507729

484922

1577

89

-81

367

Red Dot

MRA6788

4507029

484662

1608

86

-75

428

South Red Dot

MR6789

4507793

484814

1608

88

-89

428

Red Dot

MRA6790

4508005

484777

1590

91

-76

372

North Red Dot

MRA6791

4508157

485322

1540

89

-80

261

Mackay Pit

MRA6792

4508157

485322

1540

89

-60

245

Mackay Pit

MRA6793

4508035

485232

1539

91

-80

245

Mackay Pit

MRA6794

4507029

484754

1595

85

-75

404

South Red Dot

MRA6795

4507974

485331

1538

88

-60

276

Mackay Pit

MRA6796

4507974

485332

1538

87

-46

288

Mackay Pit

MRA6797

4507970

484759

1599

95

-75

425

North Red Dot

MRA6798

4507576

484903

1580

88

-81

367

Red Dot

MRA6799

4507908

484780

1610

89

-76

367

North Red Dot

MRA6800

4507939

484751

1608

90

-74

428

North Red Dot

MRA6801

4508282

484831

1571

91

-75

352

North Red Dot

MRA6802

4508003

484860

1569

88

-75

398

North Red Dot

MRA6803

4507303

485136

1615

79

-86

383

Mackay Pit

MRA6804

4507303

485137

1615

87

-76

367

Mackay Pit

MRA6805

4507711

484668

1612

91

-80

372

North Red Dot

MR6806

4508190

484821

1575

99

-89

383

North Red Dot

MRA6807

4508190

484821

1575

91

-74

349

North Red Dot

MRA6808

4507090

485018

1615

90

-69

367

Red Dot

MRA6809

4507425

484606

1605

87

-76

367

Red Dot

MRA6810

4507636

484906

1577

83

-75

367

Red Dot

MRA6811

4507636

484906

1577

83

-65

367

Red Dot

MRA6812

4507241

484588

1610

95

-80

428

Red Dot

MRA6813

4507413

485153

1610

83

-62

322

Red Dot

MRA6814

4508216

485507

1524

90

-71

255

Mackay Pit

MRA6815

4508188

485516

1524

89

-85

215

Mackay Pit

MRA6816

4507638

484831

1583

78

-75

383

Red Dot

MRA6817

4507152

484980

1599

84

-74

383

Red Dot

MRA6818

4507152

484980

1599

85

-65

383

Red Dot

MRA6819

4507878

484810

1616

90

-74

413

North Red Dot

MRA6820

4508095

485520

1523

88

-64

215

Mackay Pit

MRA6821

4508157

485398

1524

88

-64

215

Mackay Pit

MRA6822

4507633

485070

1584

85

-55

322

Red Dot

MRA6823

4507633

485071

1584

85

-64

322

Red Dot

MRA6824

4507432

485238

1629

91

-71

337

Mackay Pit

MRA6825

4507431

485238

1629

92

-51

352

Mackay Pit

MRA6826

4507610

485070

1588

86

-69

337

Red Dot

MRA6827

4507455

485240

1632

91

-75

337

Mackay Pit

MRA6828

4507576

485186

1608

87

-63

306

Red Dot

MRA6829

4507578

485011

1587

84

-79

347

Red Dot

MRA6830

4507578

485013

1587

93

-69

328

Red Dot

MRA6831

4507577

485186

1608

88

-55

306

Red Dot

MRA6832

4507577

485187

1608

86

-47

306

Red Dot

MRA6833

4507605

485170

1609

84

-65

322

Red Dot

MRA6834

4507394

484695

1595

84

-79

443

Red Dot

MRA6835

4507029

484839

1601

87

-69

383

South Red Dot

MRA6836

4507852

484710

1621

89

-76

428

North Red Dot

MRA6837

4507731

484900

1577

86

-81

367

North Red Dot

MRA6838

4507268

484609

1605

87

-84

459

Red Dot

MRA6839

4507721

484665

1611

79

-83

428

North Red Dot

MRA6840

4507029

485031

1618

85

-65

383

South Red Dot

MRA6841

4507029

485030

1618

82

-79

383

South Red Dot

MRA6842

4507608

484592

1607

84

-74

338

Red Dot

MRA6843

4507029

485031

1618

82

-54

383

South Red Dot

MRA6844

4507879

484742

1619

85

-83

459

North Red Dot

MRA6845

4508095

484743

1582

83

-76

459

North Red Dot

MRA6846

4507791

484722

1610

86

-73

413

North Red Dot

MRA6847

4507793

484673

1611

85

-80

209

North Red Dot

MRA6848

4506846

484970

1625

88

-56

401

South Red Dot

MRA6849

4508073

484808

1580

89

-71

459

North Red Dot

DDH6850

4507026

484885

1601

189

-78

366

Red Dot

DDH6851

4507077

484563

1609

59

-71

362

Red Dot

DDH6852

4507517

484713

1598

322

-78

350

Red Dot

MRA6853

4508154

484745

1580

85

-71

459

North Red Dot

MRA6854

4507853

484673

1623

84

-75

459

North Red Dot

MRA6855

4508157

484802

1578

86

-64

428

North Red Dot

MRA6856

4506694

485112

1626

93

-61

367

South Red Dot

MRA6857

4506692

484666

1616

89

-60

428

South Red Dot

MRA6858

4507671

484807

1591

82

-76

224

North Red Dot

MRA6859

4506994

484941

1605

86

-75

413

South Red Dot

MRA6860

4507850

484814

1615

87

-66

413

North Red Dot

MRA6861

4506994

484942

1605

85

-66

413

South Red Dot

MRA6862

4508126

484751

1581

83

-71

459

North Red Dot

MRA6863

4507946

484667

1612

87

-75

459

North Red Dot

DDH6864

4507212

484756

1591

89

-74

427

Red Dot

DDH6865

4507212

484808

1591

89

-75

400

Red Dot

MRA6866

4507975

484681

1612

86

-75

386

North Red Dot

MRA6867

4508030

484799

1586

85

-75

306

North Red Dot

DDH6868

4507181

484796

1592

88

-65

426

Red Dot

DDH6869

4507181

484759

1591

95

-69

397

Red Dot

MRA6870

4507919

484677

1620

83

-70

459

North Red Dot

MRA6871

4506692

484931

1614

91

-64

398

South Red Dot

MRA6872

4506788

485016

1626

92

-60

413

South Red Dot

MRA6873

4506814

484999

1626

89

-60

410

South Red Dot

MRA6874

4506878

484999

1625

86

-58

419

South Red Dot

MRA6875

4506731

485022

1626

88

-62

459

South Red Dot

DDH6876

4507181

484710

1599

86

-70

407

Red Dot

DDH6877

4507210

484698

1598

93

-75

433

Red Dot

MRA6878

4506907

484973

1625

88

-70

428

South Red Dot

MRA6879

4506905

484970

1625

86

-50

419

South Red Dot

MRA6880

4506953

485042

1621

109

-45

325

South Red Dot

MRA6881

4506694

484848

1608

88

-60

413

South Red Dot

MRA6882

4506691

485012

1626

88

-60

416

South Red Dot

MRA6883

4506815

484997

1626

93

-44

355

South Red Dot

MR6884

4506785

485012

1626

137

-89

398

South Red Dot

MRA6885

4506785

485012

1626

88

-79

398

South Red Dot

DDH6886

4507242

484794

1590

92

-67

442

Red Dot

MRA6887

4506729

485021

1626

88

-76

459

South Red Dot

DDH6888

4507242

484753

1590

90

-69

442

Red Dot

DDH6889

4507243

484688

1602

89

-69

442

Red Dot

MRA6890

4506694

485113

1626

88

-49

337

South Red Dot

MRA6891

4506847

484971

1625

88

-66

440

South Red Dot

MRA6892

4506847

484971

1625

86

-44

459

South Red Dot

MRA6893

4506907

484972

1625

89

-60

428

South Red Dot

MRA6894

4506785

485112

1625

90

-55

306

South Red Dot

MRA6895

4508098

485648

1495

267

-85

215

Mackay Pit

MRA6896

4508093

485649

1495

110

-80

215

Mackay Pit

MRA6897

4508095

485648

1495

93

-61

194

Mackay Pit

MRA6898

4508036

485639

1502

284

-75

215

Mackay Pit

MRA6899

4508035

485630

1503

283

-51

245

Mackay Pit

MRA6900

4508010

485570

1509

307

-74

215

Mackay Pit

MRA6901

4508010

485569

1509

310

-60

230

Mackay Pit

MR6902

4508010

485570

1509

269

-90

215

Mackay Pit

MRA6903

4508034

485631

1503

103

-80

215

Mackay Pit

MRA6904

4508035

485632

1502

86

-49

194

Mackay Pit

MRA6905

4508004

485574

1509

94

-74

215

Mackay Pit

MRA6906

4508004

485574

1509

89

-59

230

Mackay Pit

MRA6907

4507995

485541

1512

103

-53

245

Mackay Pit

MRA6908

4507995

485541

1512

98

-70

215

Mackay Pit

MR6909

4507975

485469

1519

217

-89

230

Mackay Pit

MRA6910

4507975

485470

1519

90

-69

245

Mackay Pit

MRA6912

4507943

485406

1528

88

-75

268

Mackay Pit

MR6913

4507943

485406

1528

106

-89

230

Mackay Pit

MRA6914

4507882

485355

1536

86

-84

245

Mackay Pit

MRA6915

4507914

485379

1532

93

-69

245

Mackay Pit

MR6916

4507856

485314

1541

128

-89

203

Mackay Pit

MRA6917

4507856

485314

1541

90

-80

276

Mackay Pit

MRA6918

4506655

485104

1629

92

-80

367

South Red Dot

MRA6919

4506654

485105

1629

88

-70

398

South Red Dot

MRA6920

4506654

485105

1629

91

-60

367

South Red Dot

MRA6921

4508217

485450

1478

92

-69

154

Mackay Pit

MRA6922

4508218

485413

1478

89

-70

123

Mackay Pit

MRA6923

4506601

485108

1629

90

-80

319

South Red Dot

MRA6924

4506601

485107

1629

91

-65

370

South Red Dot

MR6925

4506570

485110

1629

66

-89

367

South Red Dot

MRA6926

4506570

485110

1629

87

-74

367

South Red Dot

MR6927

4506634

485104

1629

270

-90

367

South Red Dot

MRA6928

4506551

485113

1629

87

-74

398

South Red Dot

MRA6929

4506570

485110

1629

89

-65

367

South Red Dot

MRA6930

4506551

485114

1629

91

-60

367

South Red Dot

MRA6931

4506725

485052

1626

88

-60

343

South Red Dot

MRA6932

4506754

485119

1625

87

-80

312

South Red Dot

MRA6933

4506662

485025

1627

94

-75

413

South Red Dot

MR6934

4506630

485015

1628

109

-89

379

South Red Dot

MRA6935

4506541

484991

1628

87

-75

453

South Red Dot

MRA6936

4506508

485046

1630

84

-69

331

South Red Dot

MRA6937

4506511

484991

1628

95

-69

383

South Red Dot

MRA6938

4506542

485047

1630

91

-74

337

South Red Dot

MRA6939

4506603

484982

1627

90

-71

367

South Red Dot

MR6940

4506572

484984

1628

87

-90

367

South Red Dot

MRA6941

4506572

484985

1628

86

-70

392

South Red Dot

MRA6942

4506602

484904

1615

92

-70

383

South Red Dot

MRA6943

4506843

484851

1606

87

-74

416

South Red Dot

MRA6944

4507913

484708

1623

84

-70

459

North Red Dot

MRA6945

4506877

484870

1606

91

-70

422

South Red Dot

MRA6946

4506877

484871

1606

93

-46

413

South Red Dot

MRA6947

4506872

484849

1604

86

-79

428

South Red Dot

MRA6948

4507825

485289

1545

91

-78

221

Mackay Pit

MRA6949

4507796

485267

1548

90

-74

276

Mackay Pit

MRA6950

4507796

485268

1548

88

-60

276

Mackay Pit

MRA6951

4507670

485080

1568

85

-69

367

North Red Dot

MRA6952

4508007

484718

1602

88

-76

459

North Red Dot

MRA6953

4508034

484699

1599

85

-75

459

North Red Dot

MR6954

4506752

484928

1611

123

-90

383

South Red Dot

MRA6955

4503250

485775

1792

91

-73

367

East Basalt

MRA6956

4503221

485762

1796

89

-68

367

East Basalt

MRA6957

4508006

484776

1590

84

-66

459

North Red Dot

MRA6958

4507974

484752

1601

85

-67

459

North Red Dot

MRA6959

4506693

484751

1605

92

-60

413

South Red Dot

MRA6960

4503545

485967

1838

90

-65

367

East Basalt

MRA6961

4503529

485944

1836

90

-75

367

East Basalt

MRA6962

4503529

485944

1836

85

-60

367

East Basalt

MRA6963

4504712

487137

1853

273

-65

343

Valmy

MR6964

4504651

487125

1851

36

-90

367

Valmy

MRA6965

4504625

487124

1851

263

-58

383

Valmy

MRA6967

4507943

484793

1603

88

-75

459

North Red Dot

MR6968

4503341

485894

1867

261

-89

367

East Basalt

MRA6969

4503341

485895

1867

88

-79

367

East Basalt

MRA6970

4503341

485895

1867

90

-70

367

East Basalt

MR6971

4504591

487116

1853

218

-89

411

Valmy

MR6972

4504589

487156

1856

321

-89

398

Valmy

MR6974

4505236

487534

1775

139

-89

367

Cross Fire

MR6975

4505205

487561

1773

135

-89

428

Cross Fire

MR6976

4504432

487363

1895

324

-89

440

Valmy

MRA6977

4504289

487504

1921

267

-73

398

Valmy

MRA6978

4504956

487459

1858

264

-64

459

Cross Fire

MRA6979

4504955

487455

1858

275

-65

410

Cross Fire


Notes: The numerical gaps in the drillhole sequence result from drillholes reported previously or drillholes expected to be drilled in 2019. Data is provided if the drillhole has a Mineral Resource intercept of at least six meters at 0.3 g/t gold.

 

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

Gold
(g/t)2

True Width
(meters)

Zone

SUG-18-023

454.9

461.6

3754.0

5307.0

-784.3

20.17

2.08

Santoy 9A

SUG-18-636

200.6

213.6

4101.4

5258.6

-423.1

9.96

10.66

Gap HW

SUG-18-637

174.8

188.7

4120.0

5229.6

-393.0

4.48

11.75

Gap HW

SUG-18-638

196.5

210.0

4115.1

5255.2

-417.5

6.59

10.16

Gap HW

SUG-18-639

286.5

297.0

4123.9

5347.7

-441.9

4.21

7.05

Gap HW

SUG-18-641

384.0

390.4

3996.9

5395.7

-550.3

5.33

1.70

Gap HW

JOY-18-837

682.2

686.2

3674.9

5171.2

-672.4

18.08

3.14

Santoy 9A

JOY-18-850

15.2

15.8

4318.4

4727.5

-1.1

23.50

0.56

Santoy 9C

JOY-18-851

29.6

33.0

4318.8

4736.9

-20.5

9.43

2.02

Santoy 9C

SUG-18-967

160.5

163.6

4222.2

5287.1

-616.7

18.15

2.38

Santoy 8A

SUG-18-968

218.6

223.1

4226.9

5329.7

-672.2

19.23

2.65

Santoy 8A

SUG-18-978

212.7

220.3

4156.7

5305.9

-663.5

9.78

5.04

Santoy 8A

SUG-19-006

135.5

139.9

4464.5

5103.8

-109.0

23.27

4.00

Gap HW

SUG-19-009

238.9

244.5

4357.2

5143.7

-168.1

4.88

2.19

Gap HW

SUG-19-012

134.3

138.6

4482.7

5137.5

-98.8

5.05

3.95

Gap HW

SUG-19-013

210.0

222.2

4398.5

5176.7

-183.5

9.26

5.30

Gap HW

SUG-19-600

216.0

221.5

4087.6

5267.4

-439.3

10.98

4.06

Gap HW

SUG-19-601

266.0

313.7

4064.0

5333.0

-481.4

7.01

18.20

Gap HW

SUG-19-602

377.2

384.0

4018.3

5403.4

-542.3

5.70

3.50

Gap HW

SUG-19-604

507.2

514.5

4062.5

5552.3

-529.6

8.44

3.95

Gap HW

SUG-19-605

435.0

441.0

4209.1

5494.9

-458.4

13.72

4.24

Gap HW

SUG-19-606

417.5

420.6

4235.2

5472.3

-435.9

6.28

2.20

Gap HW

JOY-19-852

330.0

333.7

4192.6

5182.2

-311.0

3.55

3.37

Gap HW

JOY-19-855

298.8

303.6

4249.9

5183.2

-283.5

12.04

4.06

Gap HW

JOY-19-856

266.5

274.9

4278.5

5173.7

-244.6

4.95

4.23

Gap HW

JOY-19-857

287.1

290.6

4274.3

5239.0

-284.6

4.20

3.18

Gap HW

JOY-19-860

401.6

405.7

4197.0

5293.0

-372.7

3.90

3.46

Gap HW

JOY-19-866

176.2

181.2

4355.5

5082.0

-133.4

4.07

4.93

Gap HW

JOY-19-882

192.2

195.0

4400.8

5071.7

-125.8

12.03

2.69

Gap HW

JOY-19-884

190.0

199.7

4451.4

5147.6

-129.2

4.28

9.48

Gap HW

JOY-19-886

187.6

195.0

4445.8

5227.5

-126.7

4.01

6.98

Gap HW

JOY-19-887

86.4

91.4

4408.4

5047.0

-80.9

4.86

4.51

Gap HW

JOY-19-888

89.7

100.1

4427.0

5060.6

-90.7

5.69

9.05

Gap HW

JOY-19-889

80.5

86.5

4454.1

5077.7

-72.9

12.95

4.93

Gap HW

JOY-19-890

112.0

118.7

4491.0

5095.5

-84.9

3.91

4.19

Gap HW

JOY-19-891

560.9

568.0

3993.5

5541.5

-539.0

9.16

5.80

Gap HW

and

582.0

585.2

3994.2

5535.2

-557.1

4.38

2.60

Gap HW

JOY-19-893

520.5

523.5

3955.2

5472.4

-466.3

7.09

2.90

Gap HW

and

647.0

654.1

3948.3

5402.0

-573.6

6.70

6.80

Gap HW

JOY-19-896

382.7

389.2

4440.8

5404.1

-364.2

5.73

3.40

Gap HW

and

490.4

495.0

4474.2

5381.2

-462.9

3.65

2.50

Gap HW

JOY-19-900

647.6

655.4

3988.4

5345.4

-540.5

11.05

5.80

Gap HW

SUG-19-900

281.5

283.1

4091.4

5321.0

-708.5

10.32

0.93

Santoy 8A

SUG-19-902

317.0

322.5

4123.3

5315.4

-756.8

11.51

3.51

Santoy 9A

SUG-19-903

380.7

383.9

4004.2

5304.0

-775.8

8.04

1.78

Santoy 9A

SUG-19-906

293.2

295.1

4131.2

5288.7

-738.0

41.43

1.32

Santoy 9A

BAT-19-001 3

113.3

114.8

600364.0

6168678.0

377.0

6.28

1.49

Riddler

BAT-19-002 3

72.0

72.5

600343.0

6168732.0

410.0

6.08

0.50

Riddler

BAT-19-003 3

188.6

189.6

600271.0

6169032.0

280.0

6.36

1.00

Riddler

JOY-19-871 3

69.2

70.1

600204.0

6169731.0

376.0

5.77

0.90

Santoy 8E

JOY-19-873 3

283.2

284.7

600029.0

6170017.0

176.0

5.97

1.50

Santoy 8E

EDD-19-008 3

197.0

197.9

598896.0

6164849.0

251.0

3.57

0.89

DD

FIS-18-021 3

255.2

255.9

604073.0

6160289.0

214.0

9.73

0.66

Mac

FIS-19-030 3

138.5

140.0

604061.0

6160681.0

273.0

6.80

1.50

Mac

FIS-19-035 3

107.5

109.0

603929.0

6161441.0

300.0

7.31

1.55

Mac

and

362.2

366.4

603787.0

6161422.0

88.0

3.76

4.18

Mac

(including)

365.6

366.4

603786.0

6161422.0

87.0

13.72

0.73

Mac


Notes: Drillholes presented in this table have gram-meter product greater than 9. For the Riddler, Santoy 8E, DD and Mac 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

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 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 passed through 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).

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 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 mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75%-owned and operated Puna Operations joint venture 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: [email protected]

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, replace and increase Mineral Reserves, convert Mineral Resources to Mineral Reserves and convert Inferred Mineral Resources to Indicated Mineral Resources at the Marigold mine and the Seabee Gold Operation, including (a) converting Mineral Resources and adding Mineral Reserves at Red Dot at year-end 2019 and increasing Mineral Resources and Mineral Reserves at the Marigold mine at year-end 2019 and (b) increasing Mineral Resources at Santoy Gap HW at year-end 2019, increasing Inferred Mineral Resources near the Santoy mine at year-end 2019 and adding Inferred Mineral Resources at the Seabee Gold Operation and Fisher property at year-end 2019; expected timing for our exploration program at the Trenton Canyon property in the third quarter of 2019; expected timing for evaluation of Santoy GAP HW mining alternatives in 2020; our expected drill programs at each of the Marigold mine, the Seabee Gold Operation and the Pitarrilla project; estimated mine life, including anticipated extension of the mine life of the Marigold mine and the Seabee Gold Operation; estimated project economics; anticipated timing for the commencement of drilling at the Pitarrilla project in the second half of 2020; 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; 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.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ssr-mining-provides-july-2019-exploration-update-300892893.html

SOURCE SSR Mining Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/30/c3822.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).