Form 6-K SSR MINING INC. For: Nov 29

November 29, 2021 7:04 AM EST

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For November 29, 2021

Commission File Number: 001-35455

 

 

SSR MINING INC.

(Translation of registrant’s name into English)

 

 

#800 - 7001 E. Belleview Ave.

Denver, Colorado

USA 80237 

#800 – 1055 Dunsmuir Street

PO Box 49088, Bentall Postal Station

Vancouver, British Columbia

Canada V7X 1G4

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

☐  Form 20-F                ☒  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

DOCUMENTS FILED AS PART OF THIS FORM 6-K

See the Exhibit Index hereto.

 

 

 

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    SSR Mining Inc.
    (Registrant)
Date: November 29, 2021     By:   Signed: “Michael J. Sparks”
      Michael J. Sparks
    Title:   Executive Vice President and Chief Legal & Administrative Officer

 

 

 

 

SUBMITTED HEREWITH

 

Exhibits

    
99.1    News release dated November 29, 2021

Exhibit 99.1

 

 

 

 

  

 

November 29, 2021

 

SSR MINING announces POSITIVE EXPLORATION RESULTS At Copper Hill And Increases Ownership to 70%

 

Results Include 3.29% Cu Over 37.4 Meters and 3.03% Cu Over 31.5 Meters

 

DENVER - SSR Mining Inc. (NASDAQ/TSX: SSRM; ASX: SSR) (‘’SSR Mining’’ or the “Company”) is pleased to announce positive results from an additional 27 diamond drill holes at Copper Hill for the period from June to September 2021. Copper Hill is located in the Black Sea region of northeast Turkey (Figure 1), and these results follow the initial 8 drill holes reported from the prospect in 2020. Recent intercepts1 of note from Copper Hill included:

 

EKD-09: 2.02% Cu over 30.5 meters from 44.7 meters,
EKD-10: 3.03% Cu over 31.5 meters from 107.5 meters,
EKD-12: 2.37% Cu over 13.0 meters from 213.6 meters,
EKD-14: 1.60% Cu over 30.1 meters from 65.7 meters,
EKD-16: 3.29% Cu over 37.4 meters from 92.0 meters,
EKD-26: 1.02% Cu over 80.5 meters from 123.5 meters,
EKD-30: 1.39% Cu over 36.0 meters from 122.0 meters,
EKD-32: 1.25% Cu over 33.4 meters from surface.

 

Concurrent with this exploration update, SSR Mining is pleased to announce that it has reached an agreement to acquire an additional 20% ownership in Copper Hill from joint venture partner Lidya Mining (the “Transaction”). Upon completion of the Transaction, SSR Mining will own 70% of the asset and serve as operator. As consideration for the increased ownership in Copper Hill, SSR Mining will transfer 20% of its ownership stake in the Tunçpınar prospect in east-central Turkey to Lidya Mining, reducing SSR Mining’s ownership to 30% while retaining a new 0.5% net smelter return royalty on the property. Lidya Mining will serve as operator at Tunçpınar. There are no royalties existing on Copper Hill. The ownership swap will provide both SSR Mining and Lidya Mining with the ability to efficiently advance both the Copper Hill and Tunçpınar assets while retaining material economic exposure. The Transaction will be completed in early 2022, upon receipt of all customary regulatory approvals and satisfaction of completion of all closing conditions.

 

Rod Antal, President and CEO said, “Copper Hill is beginning to show real potential as a new development project, particularly given the near-surface and high-grade mineralization. While still early stage, there is good potential to expand the footprint at Copper Hill as we step out exploration drilling. Our exploration and development teams will accelerate the work on Copper Hill, commencing with metallurgical test work and an expanded drilling program.”

Drilling at Copper Hill continues to intersect copper sulfide mineralization (chalcopyrite) with impressive grades. The oxide zone appears very narrow and constrained close to surface.

Copper mineralization in the intercepts is considered “clean”, having low levels of other metals or arsenic (<0.01% zinc and lead, with average <60 ppm arsenic levels), which is atypical for skarn-type deposits and bodes well for future economic studies on the property. Drilling and technical study activities are ongoing to determine the extent of mineralization, subject to drill permits and weather. The target is open in all directions laterally and at depth and starts from the surface.

 

 

1 Significant intervals reported at a nominal 0.2% copper cut-off and with a maximum 5 meters contiguous dilution. All thicknesses are down hole length and true thicknesses are not known at this stage.

 
 

 

 

 

Figure 1. Location map of the Copper Hill copper prospect.

 

Prospect Overview

 

Copper Hill sits within the package of exploration leases known as Kazıkbeli. The Lidya Mining Exploration team discovered Copper Hill and undertook the preliminary exploration activities on behalf of the joint venture with SSR Mining (the “Joint Venture”). Site activities are now being transitioned to the SSR Mining Exploration and Project Development teams. The prospect is covered by porphyritic intermediate magmatic rocks, volcanic rock, and volcano-sedimentary rock sequences. Skarn-type mineralization is composed of copper-iron occurrences developed within the volcano-sedimentary rock sequences. The mineralization consists of coarse-grained chalcopyrite, specular hematite, and magnetite with exotic copper such as malachite constrained to the very narrow oxide zone. The skarn exposed on the surface is coincident with anomalous alteration zones of CuOx, FeOx, and silicification (Figure 2).

 

Exploration activities were initiated in 2009, consisting of surface sampling (rock and soil sampling) and ground magnetics. To-date, 35 diamond drill holes, totaling 10,829 meters have been completed. The northwest-southeast trending mineralized zone has been identified over a strike length of at least 450 meters with a width of 180 meters and a depth extent of at least 200 meters. The mineralization is open in all directions (Figure 3).

 

SSR Mining will conduct further drilling to continue to define the overall size of the mineralization and test the higher-grade zones. In addition, encouraging high-grade surface results at the north and east will be the initial focus of further work in the upcoming exploration program.

 

 

 

 

Figure 2. Simplified geology map of the Copper Hill target including alteration zones, magnetic anomaly, surface geochemistry, and drill locations.

 

 

Figure 3. Conceptual NW-SE cross section along Copper Hill copper property.

 

* Drill Holes are reported previously in the press release entitled “ALACER GOLD REPORTS INITIAL DRILL RESULTS FROM THE COPPER HILL COPPER EXPLORATION PROSPECT” April 22, 2020, Toronto: Alacer Gold Corp, which is available on www.sedar.com and on www.asx.com.au.

 

 

Drilling

The Joint Venture has drilled 35 diamond drill holes at Copper Hill between July 2018 and September 2021, totaling 10,829m. The previously announced 8 holes (EKD01 - EKD08, totaling 3,181m) defined the initial area of mineralization. The extent of the drilling pattern of those holes was constrained to areas previously permitted for drilling.

 

The 27 holes in this release total 7,648m of drilling and were completed between June and September 2021 (EKD09 - EKD35). All drill holes are vertical with the exception of EKD-15, EKD-21 and EKD-23 which were collared with a -60° dip and an azimuth of 120°. EKD-27 was abandoned at 79.2 meters due to a rubble zone. EKD-27A was offset to the previous hole (EKD-27).

 

In 2022, the Copper Hill property will be tested with an additional diamond drilling program in attempt to expand known mineralization through the targeting of new high-grade zones laterally and at depth.

 

Drill Highlights

 

Significant drill results are down hole length and include:

EKD-14: 1.60% Cu over 30.1 meters from 65.7 meters and 0.38% Cu over 20.6 meters from 136.8 meters.
EKD-16: 3.29% Cu over 37.4 meters from 92 meters and 1.27% Cu over 8.6 meters from 135.4 meters and 0.33% Cu over 9 meters from 152 meters and 0.86% Cu over 16 meters from 168 meters.
EKD-26: 0.21% Cu over 7.2 meters from 93.3 meters and 1.02% Cu over 80.5 meters from 123.5 meters.
EKD-30: 1.39% Cu over 36 meters from 122 meters and 0.4% Cu over 11.5 meters from 168.5 meters and 0.53% Cu over 26.3 meters from 188.7 meters and 0.88% Cu over 27.7 meters from 221 meters.
EKD-32: 1.25% Cu over 33.4 meters from surface and 0.84% Cu over 22.1 meters from 71.4 meters.

 

 

 

 

 

 

 

 

 

 

 

Table 1. Significant copper intercepts from 2021 drilling at the Copper Hill Prospect.

Drill Hole From (m)

To

(m)

Interval (m)

Cu

(%)

Oxidation State EOH Depth (m)
EKD-09 0.00 18.60 18.60 0.59 Mixed 270.00
26.90 35.70 8.80 1.00 Mixed
44.70 75.20 30.50 2.02 Sulfide
145.90 161.80 15.90 0.79 Sulfide
169.80 179.75 9.95 0.26 Sulfide
186.90 196.10 9.20 0.81 Sulfide
214.40 225.20 10.80 0.42 Sulfide
EKD-10 0.00 13.30 13.30 0.33 Mixed 281.20
107.50 139.00 31.50 3.03 Sulfide
151.50 157.80 6.30 0.32 Sulfide
EKD-12 81.50 94.00 12.50 0.29 Sulfide 365.50
132.60 150.00 17.40 1.24 Sulfide
199.20 206.60 7.40 1.47 Sulfide
213.60 226.60 13.00 2.37 Sulfide
233.60 244.20 10.60 0.95 Sulfide
292.00 299.50 7.50 0.42 Sulfide
EKD-14 65.70 95.80 30.10 1.60 Sulfide 251.40
136.80 157.40 20.60 0.38 Sulfide
EKD-16 92.00 129.40 37.40 3.29 Sulfide 250.00
135.40 144.00 8.60 1.27 Sulfide
152.00 161.00 9.00 0.33 Sulfide
168.00 184.00 16.00 0.86 Sulfide
EKD-22 136.40 160.80 24.40 0.51 Sulfide 263.40
166.80 177.00 10.20 2.40 Sulfide
EKD-23 4.60 11.60 7.00 0.20 Mixed 380.00
24.30 44.50 20.20 1.11 Sulfide
330.60 337.90 7.30 0.32 Sulfide
EKD-25 2.50 34.70 32.20 0.71 Mixed 264.70
EKD-26 93.30 100.50 7.20 0.21 Sulfide 302.50
123.50 204.00 80.50 1.02 Sulfide
EKD-30 122.00 158.00 36.00 1.39 Sulfide 300.00
168.50 180.00 11.50 0.40 Sulfide
188.70 215.00 26.30 0.53 Sulfide
221.00 248.70 27.70 0.88 Sulfide
EKD-32 0.00 33.40 33.40 1.25 Mixed 235.40
71.40 93.50 22.10 0.84 Sulfide

 

Significant intervals reported at a nominal 0.2% copper cut-off and with a maximum 5 meters contiguous dilution are given in Table 1. All thicknesses are down hole length and true thicknesses are not known at this stage.

 

 

 

 

 

 

 

Sampling and Analytical Procedures

 

Drilling at Copper Hill commenced in 2018. Diamond drill core is sampled as half core at 1m intervals. The samples were submitted to ALS Global laboratories in Izmir, Turkey for sample preparation and analysis which is an ISO/IEC 7025:2005 certified and accredited laboratory. SGS laboratory, Ankara and ArgeTest laboratory, Ankara are being used to umpire check sample analysis. Copper was analyzed by four acid digestion and ICP-AES finish. For copper assays greater than or equal to 10%, aqua regia digestion with ICP-AES finish is used. 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 have been completed by independent Consultant Dr. Erdem Yetkin, P.Geo. in November 2021. 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.

 

Qualified Persons

 

The exploration results disclosed in this document were prepared 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”).

 

External review of data and processes relating to the Copper Hill was completed in November 2021 by independent consultant Dr. Erdem Yetkin, P.Geo. a qualified person as defined by 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.

 

About SSR Mining

SSR Mining Inc. is a leading, free cash flow 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

To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com.

SOURCE: SSR Mining Inc.

 

 

Cautionary Note Regarding Forward-Looking Information

 

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 thereof; 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 capitalized 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; availability 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 replacement; 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 properties 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 ability 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; interest rates; access to capital markets and associated cost of funds; availability of a qualified work force; ability to negotiate, 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.

 

 

 

The above list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. You should not place undue reliance on forward-looking information. Forward-looking information is only a prediction based on the Company’s current expectations and the Company’s projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in the Company’s filings on the Company’s website at www.ssrmining.com, on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events.

 

All references to “$” in this press release are to U.S. dollars unless otherwise stated.

 

 

 

 

Table 2. All reported drillholes completed at Copper Hill during the Exploration Period.

Drill Hole From (m)

To

(m)

Interval (m) Cu (%) Oxidation State EOH
Depth (m)
Comments
EKD-01* 168.80 177.80 9.00 0.37 Sulfide 474.20  
EKD-02* 77.70 118.50 40.80 0.87 Sulfide 373.00  
144.70 185.50 40.80 2.66 Sulfide  
202.00 218.60 16.60 0.44 Sulfide  
290.40 301.30 10.90 0.51 Sulfide  
EKD-03* 33.00 39.00 6.00 0.39 Sulfide 301.30  
45.00 55.50 10.50 0.20 Sulfide  
83.70 154.00 70.30 1.66 Sulfide  
EKD-04* 13.00 64.00 51.00 0.98 Oxide 425.00  
120.40 127.10 6.70 0.60 Sulfide  
133.40 143.70 10.30 1.78 Sulfide  
158.70 204.40 45.70 2.03 Sulfide  
255.00 262.80 7.80 0.85 Sulfide  
327.10 341.70 14.60 0.47 Sulfide  
351.50 372.80 21.30 1.98 Sulfide  
EKD-05* 11.30 41.10 29.80 0.49 Sulfide 393.50  
109.50 115.00 5.50 0.99 Sulfide  
189.50 210.20 20.70 1.33 Sulfide  
EKD-06* 25.00 35.00 10.00 0.34 Sulfide 302.00  
88.50 102.50 14.00 0.37 Sulfide  
133.50 150.30 16.80 0.90 Sulfide  
165.40 176.60 11.20 2.24 Sulfide  
EKD-07* N.S.I   408.20  
EKD-08* 108.00 116.80 8.80 0.38 Sulfide 503.60  
170.10 191.00 20.90 1.61 Sulfide  
EKD-09 0.00 18.60 18.60 0.59 Mixed 270.00  
26.90 35.70 8.80 1.00 Mixed  
44.70 75.20 30.50 2.02 Sulfide  
145.90 161.80 15.90 0.79 Sulfide  
169.80 179.75 9.95 0.26 Sulfide  
186.90 196.10 9.20 0.81 Sulfide  
214.40 225.20 10.80 0.42 Sulfide  
EKD-10 0.00 13.30 13.30 0.33 Mixed 281.20  
107.50 139.00 31.50 3.03 Sulfide  
151.50 157.80 6.30 0.32 Sulfide  
EKD-11 10.60 31.90 21.30 0.51 Sulfide 302.40  
129.60 166.40 36.80 0.46 Sulfide  
212.40 219.60 7.20 0.32 Sulfide  
EKD-12 81.50 94.00 12.50 0.29 Sulfide 365.50  
132.60 150.00 17.40 1.24 Sulfide  
199.20 206.60 7.40 1.47 Sulfide  
213.60 226.60 13.00 2.37 Sulfide  
233.60 244.20 10.60 0.95 Sulfide  
292.00 299.50 7.50 0.42 Sulfide  

 

 

 

Drill Hole From (m)

To

(m)

Interval (m) Cu (%) Oxidation State EOH
Depth (m)
Comments
EKD-13 46.80 53.20 6.40 1.04 Mixed 220.00  
EKD-14 65.70 95.80 30.10 1.60 Sulfide 251.40  
136.80 157.40 20.60 0.38 Sulfide  
EKD-15 16.00 21.00 5.00 0.49 Sulfide 370.00  
EKD-16 92.00 129.40 37.40 3.29 Sulfide 250.00  
135.40 144.00 8.60 1.27 Sulfide  
152.00 161.00 9.00 0.33 Sulfide  
168.00 184.00 16.00 0.86 Sulfide  
EKD-17 132.20 144.20 12.00 0.85 Sulfide 271.00  
174.40 186.50 12.10 0.43 Sulfide  
199.50 214.00 14.50 1.02 Sulfide  
EKD-18 110.00 125.10 15.10 2.56 Sulfide 323.00  
132.40 145.40 13.00 0.47 Sulfide  
151.50 163.40 11.90 0.49 Sulfide  
EKD-19 132.50 147.70 15.20 1.50 Sulfide 320.10  
175.20 186.60 11.40 0.71 Sulfide  
EKD-20 0.00 7.00 7.00 1.40 Mixed 303.50  
132.00 137.50 5.50 0.66 Sulfide  
185.10 191.10 6.00 0.27 Sulfide  
205.40 253.60 48.20 0.47 Sulfide  
EKD-21 13.00 19.00 6.00 0.42 Sulfide 212.00  
35.00 54.10 19.10 0.58 Sulfide  
71.50 91.50 20.00 0.31 Sulfide  
132.00 137.00 5.00 0.28 Sulfide  
EKD-22 136.40 160.80 24.40 0.51 Sulfide 263.40  
166.80 177.00 10.20 2.40 Sulfide  
EKD-23 4.60 11.60 7.00 0.20 Mixed 380.00  
24.30 44.50 20.20 1.11 Sulfide  
330.60 337.90 7.30 0.32 Sulfide  
EKD-24 86.20 96.60 10.40 1.36 Sulfide 284.40  
137.20 143.60 6.40 0.50 Sulfide  
EKD-25 2.50 34.70 32.20 0.71 Mixed 264.70  
EKD-26 93.30 100.50 7.20 0.21 Sulfide 302.50  
123.50 204.00 80.50 1.02 Sulfide  
EKD-27A 59.50 71.50 12.00 0.59 Sulfide 260.00  
78.00 132.50 54.50 0.65 Sulfide  
145.00 154.00 9.00 0.41 Sulfide  
EKD-28 40.00 46.00 6.00 0.30 Sulfide 250.50  
90.50 96.70 6.20 0.64 Sulfide  
103.50 112.00 8.50 1.39 Sulfide  
137.50 167.00 29.50 1.50 Sulfide  
177.70 194.00 16.30 0.68 Sulfide  

 

10 

 

Drill Hole From (m)

To

(m)

Interval (m) Cu (%) Oxidation State EOH
Depth (m)
Comments
EKD-29 N.S.I   319.00  
EKD-30 122.00 158.00 36.00 1.39 Sulfide 300.00  
168.50 180.00 11.50 0.40 Sulfide  
188.70 215.00 26.30 0.53 Sulfide  
221.00 248.70 27.70 0.88 Sulfide  
EKD-31 99.30 104.30 5.00 0.55 Sulfide 300.70  
EKD-32 0.00 33.40 33.40 1.25 Mixed 235.40 4.50m isolated core loss from 5.00m to 9.50m.
71.40 93.50 22.10 0.84 Sulfide  
EKD-33 N.S.I   272.50  
EKD-34 22.50 32.50 10.00 0.64 Sulfide 214.60  
56.50 71.90 15.40 0.36 Sulfide  
106.70 113.70 7.00 1.13 Sulfide  
EKD-35 57.50 102.50 45.00 0.34 Sulfide 260.40  

Significant intervals reported at a nominal 0.2% copper cut-off and with a maximum 5 meters contiguous dilution are given in Table 1. All thicknesses are down hole length and true thicknesses are not known at this stage.

 

* Drill Holes are reported previously in the press release entitled ‘’Alacer Gold Reports Initial Drill Results from The Copper Hill Copper Exploration Prospect’’, filed on April 22, 2020, which is available on www.sedar.com and on www.asx.com.au.

 

 

 

 

 

 

11 

 

 

Supporting Drilling Information to SSR Mining Announcement

 

This document provides supporting drill collar locations and composite assay results for the Copper Hill drilling program referenced in the announcement “SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT COPPER HILL AND INCREASES OWNERSHIP POSITION TO 70%” dated November 29, 2021.

 

Drill collar locations are surveyed in UTM Zone 37N, ED50 grid using differential GPS in units of meters. All drilling was diamond core drilling with HQ and PQ core sizes. HQ is 63.5mm and PQ is 85 mm in diameter.

 

Table 3. Drill Collar Coordinates

Hole ID Easting Northing

Elevation

(m)

Azimuth

(deg.)

Dip

(deg.)

EOH Depth

(m)

EKD-01* 483363.38 4491479.64 2222.37 120 -60 474.20
EKD-02* 483191.81 4491526.42 2230.49 120 -60 373.00
EKD-03* 483190.53 4491528.58 2230.51 0 -90 301.30
EKD-04* 483175.72 4491473.20 2249.29 120 -60 425.00
EKD-05* 483223.48 4491567.95 2219.43 120 -60 393.50
EKD-06* 483188.17 4491529.75 2230.57 300 -65 302.00
EKD-07* 483179.68 4491415.79 2264.67 120 -60 408.20
EKD-08* 483178.03 4491472.86 2248.90 0 -90 503.60
EKD-09 483274.88 4491476.33 2241.64 0 -90 270.00
EKD-10 483230.99 4491443.96 2254.67 0 -90 281.20
EKD-11 483321.80 4491447.06 2238.60 0 -90 302.40
EKD-12 483296.11 4491405.08 2254.10 0 -90 365.50
EKD-13 483257.34 4491544.20 2219.32 0 -90 220.00
EKD-14 483224.96 4491500.38 2237.61 0 -90 251.40
EKD-15 483225.49 4491385.89 2270.73 120 -60 370.00
EKD-16 483109.00 4491561.00 2249.00 0 -90 250.00
EKD-17 483060.50 4491605.99 2251.85 0 -90 271.00
EKD-18 483127.45 4491621.04 2238.37 0 -90 323.00
EKD-19 483084.23 4491643.73 2255.72 0 -90 320.10
EKD-20 483364.69 4491423.81 2235.65 0 -90 303.50
EKD-21 483457.40 4491377.33 2214.12 120 -60 212.00
EKD-22 483080.58 4491528.16 2252.43 0 -90 263.40
EKD-23 483476.72 4491422.52 2207.67 120 -60 380.00
EKD-24 483167.25 4491590.92 2228.17 0 -90 284.40
EKD-25 483223.48 4491567.95 2219.44 0 -90 264.70
EKD-26 483121.34 4491507.15 2247.65 0 -90 302.50
EKD-27 483131.68 4491546.56 2237.50 0 -90 79.20
EKD-27A 483150.00 4491540.00 2233.00 0 -90 260.00
EKD-28 483040.39 4491553.79 2257.03 0 -90 250.50
EKD-29 483197.16 4491635.98 2229.12 0 -90 319.00
EKD-30 482990.63 4491580.02 2270.74 0 -90 300.00
EKD-31 483239.15 4491609.96 2217.40 0 -90 300.70
EKD-32 483293.00 4491580.00 2210.00 0 -90 235.40
EKD-33 482958.00 4491600.00 2282.00 0 -90 272.50
EKD-34 483339.00 4491558.00 2207.00 0 -90 214.60
EKD-35 483315.00 4491516.00 2218.00 0 -90 260.40

 

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* Drill Holes are reported previously in the press release entitled ‘’Alacer Gold Reports Initial Drill Results from The Copper Hill Copper Exploration Prospect’’, filed on April 22, 2020, which is available on www.sedar.com and on www.asx.com.au.

 

 

 

 

 

 

 

 

 

 

 

 

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