Ssr Mining Announces Positive Exploration Results at Marigold Creating Pathways FOR MINE Plan Enhancement and Extension
SSR Mining Inc. PAGE 1
News Release
November 28, 2022
SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT MARIGOLD CREATING
PATHWAYS FOR MINE PLAN ENHANCEMENT AND EXTENSION
Oxide Intercepts Include 4.2 g/t Au Over 26 Meters and 2.7 g/t Au Over 17 Meters at New Millennium;
Updated Technical Report on Track for 2023
DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or the “Company") is pleased to
announce results from 316 drillholes completed at the Marigold mine in Nevada, USA, for the period from October,
2021 to August, 2022 (Figure 1) at the New Millennium, Trenton Canyon and Buffalo Valley oxide targets . These
results build upon, and are subsequent to, the Marigold 2021 Technical Report Summary. With an existing Mineral
Reserve life of 11 years, exploration at Marigold is focused on adding higher-grade oxide ounces to the mine plan to
both enhance and exte nd the current production profile and life of mine free cash flow generation. The continued
exploration success at these key exploration targets has the potential to drive Mineral Reserve and Mineral Resource
growth that can be incorporated into an updated Technical Report Summary for Marigold, which is expected in 2023
(the “2023 Marigold TRS”) . The 2023 Marigold TRS will evaluate the potential to add New Millennium to the life of
mine plan. Future studies will evaluate mining and processing opportunities at the Trenton Canyon and Buffalo Valley
satellite targets located four and ten kilometers south of New Millennium, respectively.
The potential development of New Millennium was unlocked by recent brownfield strategic land acquisitions and
presents an opportunity to add higher -grade oxide Mineral Reserves and Mineral Resources proximal to existing
Marigold infrastructure. The New Millennium target area is comprised of six distinct zones which include East Basalt,
Battle Cry, Antler, Section 6, Lil’ Gun and North Antler. These targets are on the periphery of the Antler-Basalt pits that
previously produced approximately one million ounces at a grade of 0.75 g/t. Ne arly 45,000 meters of drilling was
completed at New Millennium across 14 6 holes, with numerous intercepts significantly above Marigold’s existing
Mineral Reserve grade and new mineralization encountered more than five hundred meters south of previously
defined Mineral Resources.
New Millennium oxide drilling highlights include (see Figures 2 and 3) (see Table 1):
• MRA7621: 25.9 meters at 4.2 g/t Au from 117.3 meters
• MRA7623: 16.8 meters at 2.7 g/t Au from 120.4 meters
• MRA7629: 22.9 meters at 1.7 g/t Au from 231.6 meters
• MRA7520: 21.3 meters at 1.7 g/t Au from 195.1 meters, and 19.8 meters at 1.9 g/t Au from 225.6 meters
Rod Antal, President and CEO of SSR Mining , said, “These results showcase exceptional oxide grades that have
potential to drive Mine ral Reserve and Mineral Resource growth and complement the existing Marigold production
profile. We expect to include some of this higher-grade oxide material in the 2023 Marigold TRS, which we anticipate
will demonstrate an optimized and expanded production profile through the incorporation of New Millennium. In
addition, with the recent results from both Trenton Canyon and Buffalo Valley, we believe the future is very bright for
Marigold with opportunities to extend the existing 11 year mine life while adding higher grade, lower cost oxide ounces
to the near and longer-term mine plan.”
SSR Mining Inc. PAGE 2
Figure 1: Plan view of the Marigold property
Table 1: Significant oxide gold intercepts at New Millennium
Hole ID From (m) To (m) Interval (m) Grade
(g/t Au) Oxidation State Area
MRA7621 117.3 143.3 25.9 4.2 Oxide
New Millennium including 123.4 137.2 13.7 6.8 Oxide
MRA7623 120.4 137.2 16.8 2.7 Oxide
New Millennium
including 125.0 129.5 4.6 5.1 Oxide
MRA7629 231.6 254.5 22.9 1.7 Oxide New Millennium
MRA7520 195.1 216.4 21.3 1.7 Oxide
New Millennium including 202.7 205.7 3.0 4.7 Oxide
225.6 245.4 19.8 1.9 Oxide
MR7626 198.1 239.3 41.1 0.9 Oxide New Millennium
MRA7560 118.9 144.8 25.9 1.4 Oxide New Millennium
MRA7628 221.0 245.4 24.4 1.4 Oxide New Millennium
MRA7630 222.5 242.3 19.8 1.6 Oxide
New Millennium
including 231.6 236.2 4.6 3.7 Oxide
MRA7755 108.2 129.5 21.3 1.4 Oxide New Millennium
MRA7624 120.4 155.4 35.1 0.8 Oxide New Millennium
SSR Mining Inc. PAGE 3
In addition to drilling at New Millennium, SSR Mining continues to explore for supplemental oxide ore sources across
the broader Marigold land package. At Trenton Canyon and Buffalo Valley, located approximately four kilometers
south and ten kilometers southwest of New Millennium , respectively, drilling has delivered exciting high -grade
intercepts of predominantly oxide mineralization. Exploration at these targets aims to define oxide material that
leverages existing infrastruct ure at Marigold to provide an avenue for production growth in the future. Work also
continues to delineate and define initial sulfide resources at each target that could represent potential longer -term
development opportunities for Marigold.
Trenton Canyon oxide drilling highlights include (see Figures 4 and 5) (see Table 2):
• MRA7795: 15.2 meters at 11.1 g/t Au from 213.4 meters
• MRA7587: 19.8 meters at 5.5 g/t Au from 181.4 meters
• MRA7518: 6.1 meters at 2.0 g/t Au from 41.1 meters and 25.9 meters at 1.2 g/t Au from 50.3 meters
Buffalo Valley oxide drilling highlights include (see Figures 6, 7 and 8) (see Table 2):
• DDH7705: 18.3 meters at 6.2 g/t Au from 126.5 meters
• MRA7730: 42.7 meters at 1.4 g/t Au from 382.5 meters
• MRA7598: 6.1 meters at 2.5 g/t Au from 324.6 meters
Additionally, an infill drill hole from the Valmy pit located to the northeast of New Millennium included the following
oxide intercepts:
• DDH7452: 14.3 meters at 4.7 g/t Au from 209.4 meters and 12.5 meters at 0.8 g/t Au from 246.3 meters
Table 2: Significant oxide gold intercepts at Trenton Canyon and Buffalo Valley
Hole ID From (m) To (m) Interval (m) Grade
(g/t Au) Oxidation State Area
MRA7795 213.4 228.6 15.2 11.1 Oxide
Trenton Canyon
including 213.4 222.5 9.1 17.0 Oxide
DDH7705 126.5 144.8 18.3 6.2 Oxide
Buffalo Valley including 127.3 132.6 5.3 13.9 Oxide
including 135.6 138.8 3.2 4.8 Oxide
MRA7587 181.4 201.2 19.8 5.5 Oxide
Trenton Canyon including 182.9 189.0 6.1 9.8 Oxide
including 192.0 198.1 6.1 6.1 Oxide
MRA7730 382.5 425.2 42.7 1.4 Oxide Buffalo Valley
MRA7585 65.5 68.6 3.0 18.2 Oxide Trenton Canyon
MRA7817 219.5 230.1 10.7 4.1 Oxide
Trenton Canyon
including 221.0 225.6 4.6 8.3 Oxide
MRA7578 103.6 118.9 15.2 2.8 Oxide
Trenton Canyon including 108.2 111.3 3.0 4.4 Oxide
including 114.3 117.3 3.0 6.3 Oxide
MRA7528 73.2 89.9 16.8 2.2 Oxide Trenton Canyon
MRA7598
324.6 330.7 6.1 2.5 Oxide
Buffalo Valley 336.8 350.5 13.7 0.9 Oxide
353.6 394.7 41.1 0.9 Oxide
MRA7375 57.9 65.5 7.6 4.6 Oxide Trenton Canyon
SSR Mining Inc. PAGE 4
While the exploration focus is to define and expand oxide inventory across the greater Marigold property, SSR Mining
is simultaneously exploring for structurally controlled sulfide mineralization potentially amenable to alternative mining
& processing methods than those currently utilized at Marigold. Building on results previously announced in December
2021, exploration e fforts at Trenton Canyon have focused on the Tempest zone, a series of high -grade structures
proximal to the past-producing South and West pits.
Trenton Canyon sulfide drilling highlights include (see Figures 4 and 5) (see Table 3):
• DDH7525: 6.1 meters at 25.6 g/t Au from 185.8 meters
o Including 3.7m at 41.4 g/t Au from 185.8 meters
• MRA7561: 16.8 meters at 2.6 g/t Au from 144.8 meters
• MRA7708: 12.2 meters at 3.9 g/t Au from 172.2 meters
As the exploration team furthers its understanding of sulfide mineralization at Marigold, it is applying this knowledge
to a robust collection of high-quality and underexplored targets throughout the extensive Trenton Canyon and Buffalo
Valley properties. One example is the Spitfire target, located approximately two kilometers northwest of the Buffalo
Valley pit.
Highlight intercepts from the Spitfire target include (see Figure 6) (see Table 3):
• MRA7609: 6.1 meters at 20.1 g/t Au from 111.3 meters
• DDH7600: 6.9 meters at 2.0 g/t Au from 292.8 meters, including coarse visible gold
Table 3: Significant sulfide gold intercepts at Trenton Canyon and Buffalo Valley
Hole ID From (m) To (m) Interval (m) Grade
(g/t Au) Oxidation State Area
DDH7525 185.8 191.8 6.1 25.6 Sulfide
Trenton Canyon
including 185.8 189.4 3.7 41.4 Sulfide
MRA7609 111.3 117.3 6.1 20.1 Sulfide Buffalo Valley
MRA7840 362.7 385.6 22.9 4.4 Sulfide
Trenton Canyon
including 362.7 368.8 6.1 9.9 Sulfide
MRA7708 172.2 184.4 12.2 3.9 Sulfide
Trenton Canyon
including 176.8 181.4 4.6 6.9 Sulfide
MRA7703 259.1 269.7 10.7 3.2 Sulfide
Trenton Canyon
including 260.6 263.7 3.0 5.5 Sulfide
MRA7540 266.7 271.3 4.6 7.4 Sulfide Trenton Canyon
MRA7842 204.2 210.3 6.1 5.2 Sulfide Trenton Canyon
MRA7598 330.7 336.8 6.1 5.0 Sulfide Buffalo Valley
MRA7517 327.7 330.7 3.0 8.7 Sulfide Trenton Canyon
MRA7561 144.8 161.5 16.8 2.6 Mixed
Trenton Canyon
including 150.9 155.4 4.6 3.6 Sulfide
SSR Mining Inc. PAGE 5
Marigold Exploration Figures
Figure 2. New Millennium plan view highlighting recent and historical drilling as well as Mineral Reserve and Mineral
Resource pit boundaries
Figure 3. Section showing highlight oxide intercepts and the A – A’ section shown in Figure 2.
SSR Mining Inc. PAGE 6
Figure 4. Trenton Canyon plan view highlighting recent and historical drilling
Figure 5. Section showing highlight oxide and sulfide intercepts at Trenton Canyon and the B – B’ section shown in
Figure 4.
SSR Mining Inc. PAGE 7
Figure 6. Buffalo Valley plan view showing recent and historical drilling
Figure 7. Section showing highlight oxide and sulfide intercepts at Buffalo Valley and the C – C’ section shown in
Figure 6.
SSR Mining Inc. PAGE 8
Figure 8. Section showing highlight oxide and sulfide intercepts at Buffalo Valley and the D – D’ section shown in
Figure 6.