SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT THE AMISK GOLD PROPERTY IN SASKATCHEWAN Results Continue to Showcase Prospective Platform in Saskatchewan
News Release
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December 13, 2021
SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT THE AMISK GOLD
PROPERTY IN SASKATCHEWAN
Results Continue to Showcase Prospective Platform in Saskatchewan
DENVER – SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (“SSR Mining” or the “Company”)
is pleased to announce positive exploration results from the Amisk Property in Saskatchewan.
Amisk is located approximately 140 kilometers southeast of the Seabee operation and Fisher
properties and within the prolific Flin Flon mining district (Figure 1). Amisk has many analogous
geological features to the Seabe e/Fisher trend, and reinterpretation of historical data and field
reconnaissance has identified a number of new prospects beyond the existing Amisk deposit.
Field sampling and 10 widely spaced exploration diamond drill holes have confirmed the potential
of the area with significant positive assay results, including:
Black Diamond
• BKD-21-001: 1.51 g/t Au over 6.59 meters from 72.00 meters and 0.84 g/t Au over 9.89
meters from 160.65 meters
• BKD-21-002: 1.16 g/t Au over 6.45 meters from 112.39 meters and 6.15 g/t Au over
2.90 meters from 123.64 meters
• Grab samples up to 83.98 g/t Au
Monarch
• MON-21-002: 1.71 g/t Au over 11.36 meters from 143.03 meters including 6.81 g/t Au
over 1.00 meters
• MON-21-003: 1.27 g/t Au over 10.57 meters from 142.43 meters including 14.13 g/t
over 0.74 meters
• Grab samples up to 20.55 g/t Au
Regional Grab Sample Results
• Raine-Walker: up to 67.15 g/t Au
• TCA: up to 81.59 g/t Au
• Oberon: up to 17.30 g/t Au
• Victory: up to 138.80 g/t Au
Follow up drilling and field work is planned for 2022 , as SSR Mining looks to better define and
potentially expand on the prospective greenfield targets identified on the property to -date. Drill
programs in 2022 will test new targets along the West Channel trend where prospecting and soil
sampling has confirmed significant gold mineralization associated with quartz veins in outcrop.
The Amisk team will also continue evaluating regional data to generate new targets for field
investigation and potential drilling going forward.
The recently announced acquisition of Taiga Gold Corp., including the SAM project that expands
the Amisk Property by 1,004 hectares, reinforces the Company’s commitment to future
exploration across the underexplored and highly prospective province of Saskatchewan.
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Figure 1. Location of SSR Mining’s Saskatchewan properties, including the Amisk Property.
The Amisk Property is 100% owned by SSR Mining. Early exploration at Amisk has been
encouraging, with results highlighted below from six distinct targets outside of the existing Amisk
deposit (Figures 2 and 3).
Figure 2. Outline of the Amisk Property.
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Figure 3. Highlighted surface sample results from early exploration at the Amisk Property.
The Black Diamond Target is located along a folded shear zone northwest of the Amisk deposit
(Figure 4). Drilling is aimed at testing the continuity at depth of broad gold mineralization identified
on surface. Drill intercepts and grab samples at Black Diamond include:
• BKD-21-001: 1.51 g/t Au over 6.59 meters from 72.00 meters and 0.84 g/t Au over 9.89
meters from 160.65 meters
• BKD-21-002: 1.16 g/t Au over 6.45 meters from 112.39 meters and 6.15 g/t Au over
2.90 meters from 123.64 meters
• Grab samples of 83.98 g/t, 41.87 g/t, 30.95 g/t, 21.81 g/t, 21.75 g/t, 20.47 g/t, and 19.03
g/t Au
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Figure 4. Highlighted exploration results from the Black Diamond target area.
The West Channel Trend comprises a shear corridor with a defined strike length of > 10 km that
hosts several distinct target areas, including Monarch and Victory (Figure 5). The aim of this
phase of exploration along the West Channel trend was to prove the continuity of mineralization
along strike and to complete an initial phase of drill testing. Drill intercepts and grab samples
along the West Channel include:
• MON-21-001: 0.26 g/t Au over 3.48 meters from 247.71 meters
• MON-21-002: 1.71 g/t Au over 11.36 meters from 143.03 meters including 6.81 g/t Au
over 1.00 meters
• MON-21-003: 1.27 g/t Au over 10.57 meters from 142.43 meters including 14.13 g/t
over 0.74 meters
• Grab samples of 20.55 g/t and 14.41 g/t Au from the Monarch target area
• Grab samples of 138.80 g/t, 61.56 g/t, 41.15 g/t, 31.10 g/t, 29.39 g/t, 13.00 g/t, 12.85
g/t, 11.87 g/t Au from the Victory target area
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Figure 5. Highlighted exploration results from the West Channel trend area.
In addition to the Black Diamond and West Channel trends, SSR Mining continues regional
exploration to define and advance targets elsewhere on the property. Select highlights include:
Raine-Walker
• Grab samples of 67.15 g/t, 37.54 g/t, and 11.70 g/t Au
TCA
• Grab samples of 81.59 g/t and 12.21 g/t Au
Oberon
• Grab samples of 17.30 g/t and 13.00 g/t Au
Amisk Property, Saskatchewan
During the summer exploration seasons of 2019, 2020 and 2021, SSR Mining executed
geological mapping, prospecting and soil sampling programs at the Amisk Property located
approximately 140 kilometers southeast of the Seabee operations and Fisher properties (Figure
1). Compilation of historical exploration results indicat ed the presence of regional -scale shear
zones hosting under-explored lode-gold mineralization across the property.
SSR Mining mapped 1,460 hectares during the field programs at a scale of 1:5 ,000, focusing
primarily on the historical gold occurrences associated with regional shear zones. These targets,
such as Black Diamond and West Channel, often measure in the tens of kilometers in length and
are major structural features. SSR Mining collected 4,253 soil samples at a regional spacing of
100 x 25 meters, with more advanced targets receiving detailed (25 x 10 meters) follow up. SSR
Mining prospected and rock sampled along the length of the West Channel and Black Diamond
trends resulting in the discover y of dozens of historical trenches and adits dating back to the
1930s.
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Soil samples collected in 2020 and 2021 have identified new gold-in-soil anomalies at the TCA
target and extended existing anomalies along the Black Diamond and West Channel trends. The
combined soil data delineates a pronounced gold-in-soil anomaly at Black Diamond measuring
1,400 by 300 meters with peak values of 945 ppb Au. Along the West Channel the data defines
a near continuous gold -in-soil trend between Monarch and Victory that extends 2,600 meters
along strike and is up to 450 meters wide with peak values of 13,580 ppb Au. At the TCA target,
a gold-in-soil anomaly measuring 750 by 100 m eters has been identified with peak values of
1,490 ppb Au.
The most impressive vein system discovered during fieldwork occurs at the Raine-Walker target
area. The field teams traced a visible-gold bearing quartz vein with true widths up to 4.5 meters
for approximately 400 meters along strike. Assays from grab samp les of this vein peaked with
67.2 g/t and 37.5 g/t gold, with other anomalous results from samples occurring along the length
of the trend. The Raine-Walker area has seen minimal historical drilling and no drill holes proximal
to the high-grade gold occurrences.
SSR Mining initiated its first-ever diamond drill program at the Amisk Property in June 2021 (Table
1). The Black Diamond, Raine-Walker, and Monarch targets were tested by 10 widely spaced,
shallow holes totaling 2,250 meters.
Table 1. Select significant mineralized drill hole gold intercepts from the Amisk Property.
Hole ID From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
EOH Depth
(m) Zone
BKD-21-001 72.00 78.59 6.59 1.51 339.00 Black Diamond
And 160.65 170.54 9.89 0.84 339.00 Black Diamond
BKD-21-002 112.39 118.84 6.45 1.16 282.00 Black Diamond
And 123.64 126.54 2.90 6.15 282.00 Black Diamond
MON-21-002 143.03 154.39 11.36 1.71 225.00 Monarch
Including 149.89 150.89 1.00 6.81 225.00 Monarch
MON-21-003 142.43 153.00 10.57 1.27 318.00 Monarch
Including 146.26 147.00 0.74 14.13 318.00 Monarch
Notes: Intercepts are reported at a cut-off of 0.3 g/t Au with maximum internal dilution of 2.5 meters and a minimum drilled width of
2.5 meters. Internal h igh-grade intervals are reported without a minimum drilled width. Width in meters represents downhole
intersected length, which may or may not be a true thickness of the mineralization. For complete drillhole results for Amisk targe ts
during the exploration period, see Appendix Table 2.
Amisk Overview of Mineralization Style
The West Channel and Black Diamond trends occur along regional -scale ductile shear zones
that range from 5 to 50 meters in orthogonal width. Intermediate volcanic and volcaniclastic rocks
core much of these trends with lesser meta-volcanic, meta-sedimentary and gabbro packages
occurring in proximity to the high -strain corridors. Alteration assemblages of sericite, iron -
carbonate and silicification dominate the regional shear zones. Localized chlorite and diaspore
occurrences are diagnostic and associated with auriferous quartz veins at the Monarch target
area. Arsenopyrite is the most common sulfide mineral associated with this vein-hosted gold
mineralization. Pyrite, chalcopyrite and pyrrhotite are also present , but generally to a lesser
degree. Based on visual observations, Sulfide content related to gold mineralization can range
from 1% -15%, with most zones hosting 3 -5% total sulfide. Coarse visible gold is relatively
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uncommon on the property and is presently identified at the Raine -Walker, TCA and Black
Diamond targets to-date.
Sampling and Analytical Procedures
All drill and surface samples from the Amisk Property were analyzed at TSL Laboratories Inc.
(“TSL”) in Saskatoon, Saskatchewan. Duplicate check assays were conducted at TSL and the
Saskatchewan Research Council, which are independent from SSR Mining. Mean results of the
spot checks were consistent with those reported. Sampling interval was established by minimum
or maximum sampling lengths and geological or structural criteria.
TSL prepares a minus-150 mesh pulp (95% passing) weighing 250 grams from a minus 10 mesh
coarse crush reject. Fire assay with Atomic Absorption finish was completed on a 30-gram aliquot
to produce gold analytical results with a 0.005 g/t gold detection limit. Fire assay with gravimetric
finish was prepared on those samples with greater than 3 g/t gold.
External review of data and processes relating to Amisk exploration data has been completed by
independent consultant Mr. Ron Konst. There were no adverse material results detected and the
Quality Assurance/Quality Control indicates the information collected is acceptable and can be
used for further studies.
Qualified Persons
The exploration results disclosed in this document were pre pared under the supervision and
approved by Dr. Cengiz Y. Demirci, AIPG Registered Member and a CPG (Certified Professional
Geologist), and VP Exploration at SSR Mining. Dr. Demirci has sufficient experience that is
relevant to the style of mineralization and type of deposit under consideration and is a qualified
person pursuant to National Instrument 43-101 (“NI 43-101”).
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 leading, free cash fl ow focused intermediate gold company with four
producing assets located in the USA, Turkey, Canada, and Argentina, combined with a global
pipeline of high-quality development and exploration assets in the USA, Turkey, Mexico, Peru,
and Canada. In 2020, the four operating assets produced approximately 711,000 gold-equivalent
ounces. 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 (416) 306-5789
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at www.ssrmining.com.
SOURCE: SSR Mining Inc.
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Cautionary Note Regarding Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain statements contained in this press release
constitute forward-looking information, future oriented financial information, or financial outlooks (collectively “forward
looking information”) within the meaning of Canadian securities laws. Forward-looking information may be contained in
this document and the Company’s other public filings. Forward -looking information relates to statements concerning
the Company’s outlook and anticipated events or results and, in some cases, can be identified by terminology such as
“may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”,
“potential”, “continue” or other similar expressions concerning matters that are not historical facts.
Forward-looking information in this press release is based on certain key expectations and assumptions made by the
Company. Although the Company believes that the expectations and assumptions on which such forward -looking
information is based are reasonable, undue reliance should not be placed on the forward-looking information because
the Company can give no assurance that they will prove to be correct. Forward-looking information is subject to various
risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results
or expectations expressed in this press release. The key risks and uncertainties include, but are not limited to: local
and global political and economic conditions; governmental and regulatory requirements and actions by governmental
authorities, including changes in government policy, government ownership requirements, changes in environmental,
tax and other laws or regulations and the interpretation t hereof; developments with respect to COVID -19 pandemic,
including the duration, severity and scope of the pandemic and potential impacts on mining operations; and other risk
factors detailed from time to time in the Company’s reports filed with the Canadian securities regulatory authorities.
Forward-looking information in this press release include statements concerning, among other things: forecasts;
outlook; timing of production; production, cost, operating and capital expenditure guidance; the Company’s intention to
return excess attributable free cash flow to shareholders; the timing and implementation of the Company’s dividend
policy; the implementation of any share buyback program and the amount thereof; statements regarding plans or
expectations for the declaration of future dividends and the amount thereof; future cash costs and all in sustaining costs
(“AISC”) per ounce of gold, silver and other metals sold; the prices of gold, silver and other metals; Mineral Resources,
Mineral Reserves, realization of Mineral Reserves, and the existence or realization of Mineral Resource estimates; the
Company’s ability to discover new areas of mineralization; the timing and extent of capital investment at the Company’s
operations; the timing and extent of capitaliz ed stripping at the Company’s operations; the timing of production and
production levels and the results of the Company’s exploration and development programs; current financial resources
being sufficient to carry out plans, commitments and business requirements for the next twelve months; movements in
commodity prices not impacting the value of any financial instruments; estimated production rates for gold, silver and
other metals produced by the Company; the estimated cost of sustaining capital; availabil ity of sufficient financing;
receipt of regulatory approvals; the timing of studies, announcements, and analysis; the timing of construction and
development of proposed mines and process facilities; ongoing or future development plans and capital replaceme nt;
estimates of expected or anticipated economic returns from the Company’s mining projects, including future sales of
metals, concentrate or other products produced by the Company and the timing thereof; the Company’s plans and
expectations for its prope rties and operations; and all other timing, exploration, development, operational, financial,
budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced
by future events or conditions.
Such forward-looking information is based on a number of material factors and assumptions, including, but not limited
in any manner to, those disclosed in any other of the Company’s filings, and include: the inherent speculative nature of
exploration results; the a bility to explore; communications with local stakeholders; maintaining community and
governmental relations; status of negotiations and potential transactions, including joint ventures; weather conditions
at the Company’s operations; commodity prices; the ultimate determination of and realization of Mineral Reserves;
existence or realization of Mineral Resources; the development approach; availability and receipt of required approvals,
titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development
plans; access to adequate services and supplies; foreign currency exchange rates; inter est rates; access to capital
markets and associated cost of funds; availability of a qualified work force; ability to negotia te, finalize, and execute
relevant agreements; lack of social opposition to the Company’s mines or facilities; lack of legal challenges with respect
to the Company’s properties; the timing and amount of future production; the ability to meet production, cost, and capital
expenditure targets; timing and ability to produce studies and analyses; capital and operating expenditures; economic
conditions; availability of sufficient financing; the ultimate ability to mine, process, and sell mineral products on
economically favorable terms; and any and all other timing, exploration, development, operational, financial, budgetary,
economic, legal, social, geopolitical, regulatory and political factors that may influence future events or conditions. While
the Company considers these factors and assumptions to be reasonable based on information currently available to
the Company, they may prove to be incorrect.