SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT COPPER HILL Recent Drilling Includes 1.4% Cu Over 140 Meters and 2.2% Cu Over 32 Meters Mineralization Defined From Surface and Approaching One Kilometer of Strike
News Release
June 20, 2023
SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT COPPER HILL
Recent Drilling Includes 1.4% Cu Over 140 Meters and 2.2% Cu Over 32 Meters
Mineralization Defined From Surface and Approaching One Kilometer of Strike
DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to
announce results from 42 diamond drill holes completed at the Copper Hill property (“Copper Hill” or “the Property”),
for the period from June, 2022 to October, 2022. Copper Hill is located approximately 30 kilometers southwest of
the town of Kürtün in the Black Sea region of northeast Türkiye, and is approximately 260 kilometers from SSR
Mining’s Hod Maden project (see Figure 1). Exploration at Copper Hill to date has focused on defining the initial
footprint of copper mineralization through diamond drilling. Reflecting the Property’s growth potential, SSR Mining
increased its ownership in the Copper Hill joint venture to 70% at the end of 2021.
At present, copper mineralization has been defined along nearly one kilometer of strike to a depth of approximately
250 meters below surface (see Figure 2). Currently, the mineralization exhibits low levels of other metals (less than
0.03% lead and zinc) and arsenic (averaging below 8ppm), suggesting potential for a clean copper concentrate
attractive to smelting companies. Results to date also showcase mineralization starting from surface over broad
intercepts that suggest potential for an open pit operation in the future. Exploration activity is planned to restart in
September, 2023, targeting potential extensions of the currently defined mineralization as well as identifying and
testing new targets on the property.
Copper Hill drilling highlights include (see Figures 2 through 5 and Table 1):
• CH002: 1.1% Cu over 37.0 meters from surface
• CH012: 1.4% Cu over 139.7 meters from 134.4 meters
o Including: 1.6% Cu over 33.9 meters from 204.2 meters and 3.5% Cu over 21.3 meters from 246.4
meters
• CH020: 2.2% Cu over 31.9 meters from 282.5 meters
• CH038: 1.4% Cu over 44.7 meters from 7.6 meters
o Including: 2.4% Cu over 18.6 meters from 22.0 meters
SSR Mining Inc. PAGE 1
Table 1: Significant copper intercepts from 2022 drilling at Copper Hill
Hole ID From
(m)
To
(m)
Interval
(m)
Cu
(%)
CH002 0.0 37.0 37.0 1.1
Including 7.4 35.0 27.6 1.3
CH003 166.7 181.3 14.6 2.2
Including 166.7 179.7 13.0 2.4
CH005 135.5 190.5 55.0 0.7
CH012 134.4 274.1 139.7 1.4
Including 204.2 238.1 33.9 1.6
Including 246.4 267.7 21.3 3.5
CH016 109.7 140.0 30.3 1.5
Including 109.7 133.6 23.9 1.7
CH020 282.5 314.4 31.9 2.2
Including 292.5 314.4 21.9 2.9
CH028 159.8 192.1 32.3 1.0
CH030 121.0 159.5 38.5 1.1
Including 130.7 148.1 17.4 2.0
CH038 7.6 52.3 44.7 1.4
Including 22.0 40.6 18.6 2.4
110.4 162.1 51.7 1.0
Including 112.4 145.3 32.9 1.5
Significant intervals are reported at a nominal 0.2% copper cut-off and with a maximum 5 meters of contiguous dilution. All
thicknesses are down hole length, and true widths are not known at this stage.
See Table 2 for additional details on the intercepts listed in this table.
SSR Mining Inc. PAGE 2
Overview of the Copper Hill Property
Copper Hill is 70% owned and operated by SSR Mining and 30% owned by joint venture partner Lidya Mines (the
“Joint Venture”). Copper Hill sits within a package of exploration leases known as Kazıkbeli and all leases are
unencumbered by any existing royalties.
The Lidya Mines exploration team discovered Copper Hill and undertook the preliminary exploration activities on
behalf of the Joint Venture. Exploration activities were initiated in 2009, consisting of surface sampling (rock and soil
sampling) and ground magnetics. In April 2020, results were released for the initial eight diamond drill holes, totaling
3,181 meters, completed on the Property. To date, 77 diamond drill holes, totaling 24,600 meters, have been
completed. The northwest-southeast trending mineralized zone has been identified over a strike length of more than
900 meters with a minimum width of 300 meters and starting at surface to a currently defined depth extent of at
least 250 meters.
In addition to forthcoming drilling plans, the exploration team is planning geophysical surveys at Copper Hill for the
2023 field season, which aims to advance the continued definition of the potential overall extent of mineralization at
the Property. SSR Mining is also planning additional regional exploration activity to identify and test copper skarn
and porphyry targets across the greater Kazıkbeli land package.
Figure 1. Location of the Copper Hill prospect and SSR Mining’s overall Kazıkbeli district exploration leases.
SSR Mining Inc. PAGE 3
Overview of Mineralization Style
Copper Hill is a skarn-type copper prospect associated with a late Cretaceous volcano-plutonic complex consisting
of a volcano-sedimentary sequence intruded by three intrusive phases. The intrusive phases include an east-west
trending elongate granite porphyry at the center of the current project area, along with a granodiorite to the south
and a feldspar porphyry to the southwest and northeast. Calcic exoskarn mineralization is west-northwest to east-
southeast trending and currently defined over a strike length of more than 900 meters, a width of 300 meters and to
a depth of at least 250 meters. The skarn mineralization resulted from the emplacement of a quartz feldspar
porphyry into the volcano-sedimentary sequence and decreases in thickness away from the intrusive contact.
Copper mineralization is almost entirely sulfide, with oxide zones typically very narrow and constrained close to
surface or immediately adjacent to significant faults. Four sets of high angle faults are found within the target area,
generated during a major compression post-dating the skarns and copper mineralization at Copper Hill.
Currently, the mineralization at Copper Hill is considered “clean” as it exhibits low levels of other metals (less than
0.03% lead and zinc) and arsenic (averaging below 8ppm), suggesting potential for a clean copper concentrate
attractive to smelting companies. This is atypical for skarn-type deposits and should bode well for future economic
studies on the Property.
Copper Hill Exploration Figures
Figure 2. Simplified geological map of the Copper Hill prospect showing the main host rocks and skarn zones along with major
structures, and drill locations.
SSR Mining Inc. PAGE 4
Figure 3. Cross section A-A’ from Figure 2 showing main lithologies, intercepts and skarn zones interpreted from drilling
completed to-date.
Figure 4. Cross section B-B’ from Figure 2 showing main lithologies, intercepts and skarn zones interpreted from drilling
completed to-date.
SSR Mining Inc. PAGE 5
Figure 5. Cross section C-C’ from Figure 2 showing main lithologies, intercepts and skarn zones interpreted from drilling
completed to-date.
SSR Mining Inc. PAGE 6
Technical Procedural Information Sampling and Analytical Procedures
The diamond drill cores were sampled as half core at 1.0 meter intervals as an average or with variable core length
not smaller than 0.6 meters depending on the alterations and geological contacts. One half was sent to the assay
lab and the other half was retained as witness core. The samples were submitted to ALS Global laboratories in
Izmir, Türkiye for sample preparation and analysis which is an ISO/IEC 7025:2005 certified and accredited
laboratory. Bureau Veritas (Acme) laboratory, in Ankara, Türkiye was used for umpire check sample analysis. The
samples were analyzed for a full element suite Four Acid Digestion with ICP-AES Finish; ME-ICP61 (33 element
four acid-ICP-AES). For copper assays greater than or equal to 10%, aqua regia digestion with Four Acid Overlimit
Method was used; ME-OG62 (Ore Grade Elements - Four Acid- ICP-AES).
The total batch of 16,141 samples include 5.64% certified reference materials (“CRMs”), 5.12% blank and 9.66%
duplicates for a quality control insertion rate of not less than 20.43% of the total samples. SSR Mining conducts
routine QA/QC analysis on all assay results, including the systematic insertion of CRMs, blanks, field duplicates,
and umpire laboratory check assays. The certified reference materials were commercial standards from the Ore
Research Ltd. There were no adverse material results detected and the QA/QC indicates the information collected
is acceptable, and the database can be used for further studies.
SSR Mining's drill and geochemical samples were collected in accordance with accepted industry standards. SSR
Mining conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified
reference materials, blanks, field duplicates and umpire laboratory check assays.
External review of data and processes relating to the prospect was completed by independent Consultant Dr.
Erdem Yetkin, P.Geo. in December 2022.
Qualified Persons
The exploration results disclosed in this document were prepared under the supervision of and approved by Rex
Brommecker, P.Geo and Registered Member of the Professional Geoscientists of Ontario and Senior Vice
President, Exploration at SSR Mining. Rex Brommecker has sufficient experience that is relevant to the style of
mineralization and type of deposit under consideration and is a qualified person for purposes of Subpart 1300 of
Regulation S-K ("S-K 1300”) and National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI
43-101”).
External review of data and processes relating to the Copper Hill was completed in December 2022 by independent
consultant Dr. Erdem Yetkin, P.Geo. a qualified person as defined by SK-1300 and NI 43-101. There were no
adverse material results detected and Dr. Yetkin is of the opinion that the QA/QC indicates the information collected
is acceptable, and the database can be used for announcing the exploration results.
SSR Mining Inc. PAGE 7
About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the
USA, Türkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration
assets. Over the last three years, the four operating assets combined have produced, on average, more than
700,000 gold-equivalent ounces annually. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and
the TSX, and SSR on the ASX.
SSR Mining Contacts:
F. Edward Farid, Executive Vice President, Chief Corporate Development Officer
Alex Hunchak, Director, Corporate Development and Investor Relations
SSR Mining Inc.
E-Mail: [email protected]
Phone: +1 (888) 338-0046
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www.ssrmining.com.
SSR Mining Inc. PAGE 8