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SSR Mining Announces Positive Exploration Results at Seabee
Santoy Highlights Include True Width Intercepts of 29 g/t Au over 2.1 Meters, 31 g/t Au Over 1.9 Meters Porky Main and Porky West Drilling Returns Broad
About this update from Ssr Mining Inc.
[{"type":"text","content":"\nSantoy Highlights Include True Width Intercepts of 29 g/t Au over 2.1 Meters, 31 g/t Au Over 1.9 Meters\n\nPorky Main and Porky West Drilling Returns Broad Intercepts of Near Surface Mineralization, Potential for Future Open Pit Development\n\n DENVER--(BUSINESS WIRE)--\nSSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Company”) is pleased to announce results from 377 diamond drill holes completed at the Seabee property in Saskatchewan, Canada, for the September, 2021 to November, 2022 exploration period (the “Exploration Period”). These results build upon, and are subsequent to, the Seabee 2021 Technical Report Summary (the “2021 Seabee TRS”), which highlighted a six-year Mineral Reserve life averaging approximately 96,000 ounces of annual gold production. The life of mine plan in the 2021 TRS was based on 580,000 ounces of Proven and Probable Mineral Reserves calculated using a cut-off grade of 2.5 g/t Au and a 1.8 meter minimum mining width.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221208005798/en/Figure 1: Plan map of the Seabee property, highlighting existing infrastructure and exploration targets. (Graphic: Business Wire)\nActivity during the Exploration Period included both near-mine resource development drilling adjacent to current underground infrastructure at the Santoy Mine Complex (“Santoy”), as well as more regional activity across the Seabee property (Figure 1). Notably, the regional exploration activity included drilling at the Porky Main and Porky West targets, with results to-date returning broad intercepts of near-surface mineralization potentially amenable to open pit mining in the future. Additional regional exploration included the initial delineation of the Shane target, which remains open along strike and is located adjacent to the Santoy Road that connects the mine to the Seabee processing facility.\n\nA total of 279 resource development drill holes were completed at Santoy during the Exploration Period. Santoy is the source of the current production feed for the Seabee processing plant and contributes the entirety of the existing Seabee Mineral Reserves. Exploration activity at Santoy aims to extend existing mineralization, upgrade Mineral Resources to Mineral Reserves, and provide greater confidence in currently def...