SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT SEABEE, INCLUDING 19.16 G/T AU OVER 6.98 METERS Gap Hanging Wall Maiden Mineral Reserves and Santoy Hanging Wall Maiden Mineral Resources Expected in 2022
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September 13, 2021
SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT SEABEE, INCLUDING
19.16 G/T AU OVER 6.98 METERS
Gap Hanging Wall Maiden Mineral Reserves and Santoy Hanging Wall Maiden Mineral
Resources Expected in 2022
DENVER, CO – SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (“SSR Mining” or “the
Company”) is pleased to announce positive results from 127 drill holes for its Seabee mine and
adjacent targets in Saskatchewan, Canada. SSR Mining is actively explor ing its sizeable land
positions surrounding its existing operating mines in Turkey, Canada and the US to leverage its
existing infrastructure to advance low cost, brownfield development targets. This has been a very
successful strategy for the Seabee operation historically, and the area continues to showcase
additional exploration upside. The Santoy Mine i s the current production feed for the Seabee
processing plant, connected by a 15km haul road.
The Gap Hanging Wall (GHW) is being drilled from underground drives extending from the
Santoy Mine. The GHW is targeted to be the next extension of the Santoy mine, with 300,000
ounces already classified as Indicated Mineral Resources and another 167,000 ounces classified
as Inferred Mineral Resources. Current drilling is aimed to extend these Mineral Resources and
convert them into Mineral Reserves in 2022. Intercepts in the GHW included:
• SUG-20-920: 19.16 g/t Au over 6.98 meters
• SUG-20-017: 12.14 g/t Au over 9.47 meters
The Santoy Hanging Wall (SHW) is the most recent discovery and current drilling from both
surface and underground drives within the Santoy mine is aimed at proving the viability of this
mining area as a potential future development of the Santoy Mine. If successful , a Mineral
Resource will be declared in 2022. Intercepts in the SHW included:
• JOY-20-918: 12.75 g/t Au over 2.83 meters
• SUG-21-011: 11.31 g/t Au over 2.24 meters
• SUG-21-018: 16.31 g/t Au over 3.56 meters
The Joker target sits to the south of the Santoy mine and drilling is focused on the continuity to
the Santoy Mine. The Joker target has the potential to provide a substantial extension of the
Santoy Mine beyond the GHW and SHW (potentially by more than 1km – See Figure 3). The
exploration strategy is to prove continuity in 2021 and potentially proceed to resource definition
drilling in 2022. Intercepts at Joker included:
• BAT-20-017: 25.97 g/t Au over 1.49 meters from 8.52 meters
o and 21.48 g/t Au over 0.75 meters from 12.55 meters
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Rod Antal, President and CEO said, “These results support our view that Seabee continues to
host potential for significant mine life extension, well beyond that of the defined resources and
reserves. Our teams are accelerating the exploration effort at Seabee to facilitate longer term
investment decisions, including the possibility o f increasing annual production rates. Future
increases to Seabee production levels will be cost-effective given the combination of our excess
capacity at the processing plant and the recently completed tailings dam expansion which
provides capacity through 2031 at current production levels.”
In addition, SSR Mining continues exploration on the Fisher Properties, located immediately to
the south of the 100% SSR owned Seabee claims. The Fisher Properties are 80% owned by SSR
Mining and 20% by Taiga Gold Corporation. Targets on the Fisher property have the potential to
provide additional plant feed beyond the Seabee license area. Early exploration at Fisher has
been encouraging. Intercepts from the Fisher Properties included:
Yin (Fisher Properties - Seabee Mine - Canada)
• YIN-20-002: 10.03 g/t Au over 2.50 meters from 87.00 meters
Mac North (Fisher Properties - Seabee Mine - Canada)
• FIS-20-057: 3.95 g/t Au over 6.00 meters from 318.00 meters
• FIS-20-061: 10.37 g/t Au over 1.00 meter from 613.00 meters
• FIS-21-062: 3.51 g/t Au over 2.83 meters from 260.95 meters
• FIS-21-064: 4.04 g/t Au over 2.98 meters from 134.90 meters
• FIS-21-065: 22.99 g/t Au over 1.46 meters from 348.47 meters
Figure 1: Location of the Seabee property and infrastructure.
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Seabee, Saskatchewan
SSR Mining’s mineral holdings comprise a 100% owned parcel referred to as the Seabee claims
and the 80% owned Fisher property. Since 2016, SSR Mining’s growth and development strategy
has been to increase production by optimizing the milling and mining processes and exploring
new mill feed sources.
Near mine exploration during the Exploration Period (May 14th, 2020 to June 30th, 2021) focused
on Mineral Resource conversion at the Gap Hanging Wall (GHW) and exploration drilling along
strike of the GHW resource in search of similar mineralized chutes along the Lizard Lake
Pluton/Santoy Volcanic contact. The drilling efforts along strike of the GHW have successfully
identified multiple, felsic-hosted, plunging chutes of economic interest. These new discoveries are
collectively referred to as the Santoy Hanging Wall (SHW).
During the Exploration Period, 1 9 holes were drilled from underground drives infilling the GHW
for a total of 7,180 meters. Drilling at the SHW was conducted from surface and underground. A
total of 84 holes totaling 27,020 meters were drilled into the SHW target area during the
Exploration Period.
Table 1. Select significant mineralized drill hole gold intercepts from Seabee Property.
Hole ID From
(m)
To
(m)
Gold
(g/t)
Interval
(m)
EOH
Depth
(m)
Zone
JOY-20-918 238.20 242.00 12.75 2.83 261.00 SHW
JOY-20-919 179.60 184.80 7.63 4.54 237.00 SHW
JOY-20-922 183.00 188.50 4.38 4.52 246.00 SHW
JOY-20-924 173.90 178.10 5.42 3.91 216.00 SHW
JOY-21-933 187.60 198.10 3.92 8.13 252.00 SHW
JOY-21-934 201.80 211.00 4.49 7.48 240.00 SHW
JOY-21-938 229.30 235.50 3.11 4.37 273.00 SHW
JOY-21-940 232.90 236.80 4.06 2.68 330.00 SHW
SUG-20-009 298.90 300.70 11.28 1.16 360.00 GHW_C
SUG-20-016 177.90 193.50 4.94 9.71 258.00 GHW
SUG-20-017 213.50 226.70 12.14 9.47 297.00 GHW
SUG-20-018 258.70 263.00 3.84 3.18 333.00 GHW
SUG-20-019 305.70 309.00 12.96 2.56 355.50 GHW
SUG-20-022 234.10 266.00 5.21 21.10 294.00 SHW
SUG-20-027 266.20 286.10 3.71 8.38 384.00 SHW
SUG-20-029 241.50 250.50 7.67 6.38 324.50 SHW
SUG-20-602 538.50 541.00 4.93 2.06 699.00 GHW
SUG-20-920 157.90 166.80 19.16 6.98 228.00 GHW
SUG-20-921 190.20 204.00 4.64 11.40 273.00 GHW
SUG-20-922 234.00 244.50 4.65 8.74 330.00 GHW
SUG-20-924 136.40 156.00 5.03 14.11 216.00 GHW
SUG-20-932 168.50 174.00 9.32 5.31 213.00 SHW
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Hole ID From
(m)
To
(m)
Gold
(g/t)
Interval
(m)
EOH
Depth
(m)
Zone
SUG-21-007 228.50 240.20 4.12 8.58 291.00 SHW
SUG-21-011 209.00 211.50 11.31 2.24 275.00 SHW
SUG-21-018 247.00 252.00 16.31 3.56 300.00 SHW
SUG-21-021 227.60 230.50 8.64 2.54 273.00 SHW 1
SUG-21-024 255.50 259.10 6.72 2.96 288.00 SHW 2
SUG-21-026 285.90 288.00 8.48 1.66 328.00 SHW 2
SUG-21-027 279.50 282.50 5.75 2.34 342.00 SHW 1
And 291.50 299.60 9.68 6.35 342.00 SHW 2
SUG-21-031 219.50 223.50 3.75 3.84 280.00 SHW 2
SUG-21-032 219.00 222.00 3.40 2.87 247.50 SHW 1
And 225.60 230.00 3.44 4.22 247.50 SHW 2
SUG-21-900 212.70 215.00 6.56 1.90 270.00 SHW
SUG-21-903 229.20 236.00 3.82 4.36 300.00 SHW
SUG-21-907 176.00 184.00 3.54 7.80 255.00 SHW 2
SUG-21-908 201.50 203.90 4.08 2.26 236.00 SHW 2
SUG-21-910 166.90 169.50 4.30 2.55 210.00 SHW 1
BAT-20-013 31.70 35.30 58.94 3.60 54.00 Joker
And 31.70 32.70 183.20 1.00 54.00 Joker
BAT-20-017 8.52 10.01 25.97 1.49 333.00 Joker
And 12.55 13.30 21.48 0.75 333.00 Joker
Notes: Drillholes presented in this table have gram meter product greater than 9 and grade of at least 3 g/t gold with a maximum
internal dilution of 2m. For the GHW and SHW targets, interval width represents true width intersections. For the Joker area, width in
meters represents downhole intersected length, which may or may not be a true thickness of the mineralization. Gold values cut to
75 g/t gold for SUG drillholes at Seabee. For complete drillhole results for the GHW, SHW, and Joker targets during the Exploration
Period, see Appendix Tables 3 and 4.
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Figure 2. Longitudinal section showing the current Gap Hanging Wall resource outline and
highlighted recent drill results.
Outside the mine area, superseding screen fire assay (SFA) results were received for an
intersection previously reported for Batman Lake diamond drilling completed in Q1 2020. The
SFA method more accurately measures the coarse gold contribution than standard fire assay.
The previously reported Joker Zone intersection from BAT-20-013 (3.6 meters of 37.95 g/t gold)
increased in grade to 58.94 g/t gold in the results, including a 1 meter interval of 183.2 g/t gold
from SFA analysis (Table 1). A new Joker Zone result from 40 meters north step-out hole BAT-
20-017, drilled in Q1 2020, contained 1.49 meters grading 25.97 g/t gold and 0.75 meters grading
21.48 g/t gold.
In Q1 2021, a 907m drill program tested approximately 400m of strike- length along the Joker
target north of the high- grade intercepts reported below (Figure 3). Gold mineralization was
intersected in 4 of 8 holes completed along the Joker trend in zones up to 3m wide with visible
gold and will be followed-up with additional drill testing in 2021.
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Figure 3. Long-section of the Joker target from the Seabee Gold Operation highlighting significant
drill hole intercepts for the Exploration Period.
Overview of Joker Mineralization Style
Located approximately 1km south of the Santoy Mine Complex, the Joker Zone occurs within a
sheared diorite-phase of the Lizard Lake pluton. Joker surface exploration results include several
high-grade soil samples up to 7 g/t gold coincident with rock samples up to 29 g/t gold, and SSR
Mining is now in the early stages of drill testing the target . The mineralization style shares
similarities to the Gap Hanging Wall deposit characterized by quartz veins hosting significant
visible gold with up to 10% sulfide as found in both BAT- 20-013 and BAT- 20-017. Common
accessory sulfides include pyrite, chalcopyrite and pyrrhotite.
Fisher Gold Property, Saskatchewan
SSR Mining’s exploration objective at Fisher is to discover additional sources of ore feed for
processing at the Seabee mill. During the Exploration Period, superseding SFA results were
received for an intersection previously reported in the 9,463 meter Fisher drilling program
completed in Q1 2020. The intersection from FIS-20-053 previously reported 1.92 meters at 9.1
g/t gold in the Mac North target, which increased in grade to 10.26 g/t gold, including a 0.50 meter
interval grading 31.82 g/t gold from SFA analysis. At the Yin Zone, YIN-20-002 was resampled
after yielding anomalous grade in widely spaced composite sampling. Resampling results yielded
2.50 meters at 10.03 g/t gold. This hole is approximately a 250 meter step-out hole from a
previously reported zone in YIN -20-004 that assayed 2.29m at 13.74 g/t gold. Table 2 shows
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several other new SFA results from the Q1 2020 Fisher drill program along with more recent
results described below.
Table 2. Significant mineralized drill hole gold intercepts from Fisher Gold Property,
Saskatchewan for the Exploration Period.
Hole ID From
(m)
To
(m)
Gold
(g/t)
Interval
(m)
EOH
Depth
(m)
Zone
FIS-20-051 170.09 170.59 18.70 0.50 225.00 Mac N
HW
FIS-20-053 253.63 255.55 10.26 1.92 462.00 Mac N
Including 255.05 255.55 31.82 0.50 462.00 Mac N
FIS-20-057 318.00 324.00 3.95 6.00 486.00 Mac N
Including 320.50 324.00 4.82 3.50 486.00 Mac N
FIS-20-061 613.00 614.00 10.37 1.00 761.00 Mac N
FIS-21-062 260.95 263.78 3.51 2.83 314.12 Mac N
FIS-21-064 134.90 137.88 4.04 2.98 155.00 Mac N
FIS-21-065 348.47 349.93 22.99 1.46 412.97 Mac N
YIN-20-002 87.00 89.50 10.03 2.50 159.00 Yin
Notes: Drillholes presented in this table have gram meter product greater than 9 and grade of at least 3 g/t gold with a maximum
internal dilution of 2m. Width in meters represents downhole intersected length, which may or may not be a true thickness of the
mineralization. For complete drillhole results for the Fisher property during the Exploration Period, see Appendix Table 5.
Since late 2020, SSR Mining completed a 4,726 meter diamond drill program at the Mac North
target to build continuity on Q1 2020 drill intersections. New results from the program include the
widest visible gold bearing intercept drilled to- date on the Fisher Gold Property in FIS-20-057.
This hole assayed 6.0 meters at 3.95 g/t including 3.5 meters at 4.82 g/t. Mineralization includes
multiple occurrences of visible gold within sheeted quartz veins over a drilled width of 8.7 meters.
The intersection is approximately a 100 meter step-out from hole FIS-20-053 noted above (1.92
meters at 10.26 g/t Au). Drilling also yielded deeper intercepts at the Mac North target below 500
vertical meters such as FIS-20-060 hosting visible gold and FIS-20-061 assaying 1.0 meter at
10.37 g/t Au, further demonstrating the structural continuity of this early stage target.
The Mac North program included four holes exploring the up-plunge continuity below Oolong Lake
that yielded three economic intercepts including the highest gram meter zone intersected to-date
at the Fisher property in hole FIS-21-065. This zone assayed 1.46 meters at 22.99 g/t gold with
significant visible gold further confirming the high-grade potential of the Mac trend. Additionally,
hole FIS-21-062 hosted visible gold and assayed 2.83 meters at 3.51 g/t gold. Hole FIS-21-064
pierced approximately 100 meters above the next-to-shallowest drill hole and was successful in
extending known mineralization to within 80 meters from surface assaying 2.98 meters at 4.04 g/t
gold.
The 2.5km long Mac trend will continue to be drill tested in 2021 targeting the discovery of new
high-grade mineralized shoots.
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Figure 4. Long-section of the Mac North target from the Fisher Gold Property highlighting
significant drill hole intercepts for the Exploration Period.
Fisher Overview of Mac North Mineralization Style
The Mac North area is located approximately 9km south of the Santoy Mine Complex along the
same Santoy Shear zone. The host -rocks to the Mac North zone, consisting of mafic meta-
volcanic rocks intruded by a granodiorite sheeted sill complex, appear nearly identical to those of
the Santoy Gap and 8 Deep deposits that are currently in production. Shear-hosted quartz-veins
containing fine to coarse visible gold with up to 10% sulfide are the dominant mineralization style.
Accessory sulfides are pyrite, chalcopyrite and pyrrhotite. Meta-volcanic rocks show a diopside-
plagioclase-titanite alteration assemblage, which envelopes the Mac North mineralized zone
similar to that observed at the Santoy Mine Complex.