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SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS FOR THE ÇAKMAKTEPE EXTENSION PROJECT (ARDICH), INCLUDING 28.3 METERS AT 8.23 G/T AU

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SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS FOR THE ÇAKMAKTEPE EXTENSION PROJECT (ARDICH), INCLUDING 28.3 METERS AT 8.23 G/T AU

 

 

 

 

 

SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) is pleased to announce positive results from 151 diamond drill holes for the Çakmaktepe Extension for the period from May 2021 to June 2022. These results build upon, and are subsequent to, the Çakmaktepe Extension Mineral Reserves reported in the Çöpler Technical Report Summary effective as of December 31, 2021, in which the Çakmaktepe Extension deposit contributed 1.2 million ounces of gold production to the Çöpler life of mine production profile beginning in 2023 for total development capital of $69 million. As outlined in the TRS, the Çakmaktepe Extension currently hosts 1.7 million ounces of Mineral Reserves, along with an additional 0.6 million ounces of Measured & Indicated Mineral Resources and 0.8 million ounces of Inferred Mineral Resources. Of the 151 diamond drill holes included in this news release, 34 were infill within the current Mineral Reserve pit, 82 targeted Mineral Reserve conversion within the existing Mineral Resource block model, and 35 were step-out intercepts identifying new mineralization outside of existing Mineral Resources.

 

The drilling program aimed to both upgrade and expand the existing Mineral Reserves and Resources at Çakmaktepe Extension (see Figure 2 and 3) (Table 1), with highlight drill intercepts including:

  • AR461: 8.23 g/t Au over 28.3 meters from 138.0 meters,
    • including: 21.09 g/t Au over 4.0 meters from 154.0 meters,
    • including: 24.95 g/t Au over 3.0 meters from 162.0 meters.
  • AR514: 2.46 g/t Au over 53.0 meters from 160.0 meters.
  • AR536: 2.38 g/t Au over 55.8 meters from 110.6 meters.
  • AR544: 5.24 g/t Au over 27.1 meters from 130.3 meters.
  • AR558: 5.20 g/t Au over 27.6 meters from 149.1 meters,
    • including: 13.66 g/t Au over 4.2 meters from 160.4 meters.

 

Rod Antal, President and CEO of SSR Mining said, “Çöpler has evolved significantly over its more than 10-year operating life, and the Çakmaktepe Extension project represents the next phase of growth for the asset. As highlighted in the 2021 TRS, the Çakmaktepe Extension will add 1.2 million ounces over 15+ years of production for an expected $69M in development capital, representing one of the highest return growth projects in the entire sector. These drill holes provide both improved confidence for the Çakmaktepe Extension mine plan and set the stage for additional growth at the project. We will incorporate these results into an updated Mineral Reserve and Resource statement for the deposit in an updated Technical Report Summary for Çöpler expected in 2023.

 

In addition to the positive drill results, we have continued to de-risk the Çakmaktepe Extension project startup during the third quarter of 2022 with the receipt of the Environmental Impact Assessment for the first phase of the project. Clearly, Çöpler’s best days lie ahead, with value accretive growth opportunities like our C2 project on the horizon and a wealth of exploration targets to advance across the district in the years to come.”

 

The Çakmaktepe Extension was discovered in 2017 and is located 1.5km north of the Çakmaktepe mine and 6km from the Çöpler operations, enabling both oxide and sulfide ore to be processed with existing Çöpler Mine processing infrastructure (see Figure 1). The 2022 drilling plan aims to deliver additional Mineral Reserve and Resource growth at Çakmaktepe Extension beyond the mine plan incorporated into the 2021 TRS. The deposit remains open to the southwest and at depth, and the site team has also advanced additional metallurgical testing at the project with the focus on improving oxide recoveries.

 

Overview of Mineralization Style

 

The Çakmaktepe Extension deposit is a listwanite-dolomite hosted gold replacement mineralization occurring along thrust fault zones between listwanite, ophiolite, dolomite, cataclastite, hornfels, and limestone. Mineralization and alteration extend in a NW-SE direction, parallel to major high angle fault structures controlling both mineralization and block rotations. Gold grades increase at dolomite-listwanite contacts and within silica-rich (jasperoid) listwanites. The mineralization is predominantly oxide (67% of existing Mineral Reserves) with sulfide mineralization confined to pyrite-rich jasperoid zones. Based on available drill data, the main mineralized zone appears tabular and almost flat lying.

 

As exploration advances and the geological understanding of the Çakmaktepe and Çakmaktepe Extension deposits increases, it appears that there is probable structural connectivity between the areas, potentially creating an expanded “Greater Çakmaktepe” development pathway.

 

Drilling

 

SSR Mining has drilled 578 diamond core holes at the Çakmaktepe Extension between August 2017 and June 2022, totaling 121,536 meters. The majority of these drill holes were drilled within SSR Mining’s 80% owned and managed licenses and approximately 88% of the existing Çakmaktepe Extension Mineral Reserves are located on ground held 80% by SSR Mining, with the remainder located on ground 50% held by SSR Mining.1

 

The 151 holes announced in this news release total 34,496m of drilling that was completed between May 2021 and June 2022 (hole IDs AR428-AR578). These holes targeted Mineral Reserve conversion and potential Mineral Reserve and Resource growth at the Çakmaktepe Extension. The Çakmaktepe Extension mineralization dips gently towards the southeast and is interpreted to become deeper due to faulting and topography.

 

Drilling Highlights

 

 

Table 1: Significant gold intercepts at the Çakmaktepe Extension project.
Hole ID From

(m)

To

(m)

Interval
(m)
Gold

(Au g/t)

Oxidation

State

EOH Depth

(m)

Comments  
AR446 171.00 191.90 20.90 4.80 Mixed 280.90 44/56 Oxide – Sulfide  
including 188.50 190.50 2.00 12.20 Sulfide  
237.30 240.30 3.00 0.78 Oxide  
AR452 184.00 191.00 7.00 1.70 Oxide 254.90  
193.80 198.00 4.20 3.26 Oxide  
206.00 226.00 20.00 4.38 Mixed 75/25 Oxide-Sulfide,
includes 1.3 meters
isolated core loss
 
including 214.00 216.00 2.00 12.40 Sulfide  
AR461 138.00 166.30 28.30 8.23 Mixed 201.80 51/49 Oxide – Sulfide  
including 150.00 151.00 1.00 12.15 Sulfide  
including 154.00 158.00 4.00 21.09 Sulfide  
including 162.00 165.00 3.00 24.95 Mixed 67/33 Oxide – Sulfide  
AR464 186.00 207.30 21.30 2.42 Oxide 320.00  
210.50 213.50 3.00 25.88 Sulfide  
including 210.50 212.50 2.00 37.25 Sulfide  
240.70 252.70 12.00 0.36 Sulfide  
AR482 151.50 188.40 36.90 2.72 Oxide 212.30  
AR514 160.00 213.00 53.00 2.46 Mixed 272.00 70/30 Oxide – Sulfide  
including 191.00 191.80 0.80 11.55 Sulfide  
AR536 110.60 166.40 55.80 2.38 Mixed 187.60 56/44 Oxide – Sulfide  
including 144.30 145.30 1.00 10.30 Sulfide  
184.60 185.60 1.00 5.45 Sulfide  
AR544 130.30 157.40 27.10 5.24 Mixed 192.50 56/44 Oxide – Sulfide  
including 138.30 139.10 0.80 12.30 Sulfide  
including 147.00 148.00 1.00 23.00 Oxide  
AR558 149.10 176.70 27.60 5.20 Mixed 204.00 63/37 Oxide – Sulfide,
includes 0.7 meters
isolated core loss
 
including 160.40 164.60 4.20 13.66 Mixed 48/52 Oxide – Sulfide  
AR570 145.00 150.40 5.40 5.73 Mixed 269.20 46/54 Oxide – Sulfide  
including 145.00 145.80 0.80 11.40 Oxide  
157.40 166.00 8.60 4.00 Sulfide  
including 164.00 165.00 1.00 14.10 Sulfide  
175.00 204.60 29.60 1.60 Mixed 59/41 Oxide – Sulfide  
208.70 224.80 16.10 1.93 Mixed 52/48 Oxide – Sulfide  

 

Significant gold intervals reported at a nominal 0.3 g/t gold cut-off and with a maximum 2.5m contiguous dilution are given in
Table 1. All thicknesses are down hole length and true widths are not known at this stage. The complete drill assay results and
further technical information relating to this news release can be found below.

 

 

Technical Procedural Information

Sampling, Assaying and QA/QC

 

The Çakmaktepe Extension drilling program started in 2017. Diamond drill core is sampled as half core at 1m intervals or geological contacts. Sampling interval varies between 0.5 meters and 3.3 meters with an average of 1.37 meters length. The samples were submitted to ALS Global laboratories in Izmir, Türkiye for sample preparation and analysis which is an ISO/IEC 7025:2005 certified and accredited laboratory. Bureau Veritas (Acme) laboratory, in Ankara, Türkiye was used for umpire check sample analysis. Gold was analyzed by fire assay with an AAS finish, and the multi-element analyses were determined by four acid digestion and ICP-AES and MS finish. For gold assays greater than or equal to 10 g/t, the fire assay process was repeated with a gravimetric finish for coarse gold. The 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 Çakmaktepe Extension was completed by independent consultant Dr. Erdem Yetkin, P.Geo. in September 2022. 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.

 

Metallurgical Test Work

 

Metallurgical test work and recovery assumptions are reported in the 2021 TRS and include heap leach for oxide ores and flotation and pressure oxidation of sulfide ore.

 

Qualified Person

 

The exploration results disclosed in this news release 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 for purposes of Subpart 1300 of Regulation S-K (“S-K 1300”) and National Instrument 43-101 (“NI 43-101”).

 

External review of data and processes relating to the Çakmaktepe Extension was completed in September 2022 by independent consultant Dr. Erdem Yetkin, P.Geo. a qualified person for purposes of S-K 1300 and 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.

 

You are encouraged to also review the 2021 Çöpler TRS, which is available on SSR Mining’s Current Report on Form 8-K filed with the Securities and Exchange Commission’s EDGAR system (sec.gov) on September 29, 2022.

 

End Notes

  1. The Çöpler gold mine is owned and operated by Anagold Madencilik Sanayi ve Ticaret Anonim Şirketi (Anagold). SSR Mining controls 80% of the shares of Anagold, Lidya Madencilik Sanayi ve Ticaret A.Ş. (“Lidya”), controls 18.5%, and a bank wholly owned by Çalık Holdings A.Ş., holds the remaining 1.5%. Exploration tenures surrounding the project area and mining at Çakmaktepe are subject to joint venture agreements between SSR Mining and Lidya that have varying interest proportions. SSR Mining controls 50% of the shares of Kartaltepe Madencilik Sanayi ve Ticaret Anonim Şirketi and 50% of Tunçpinar Madencilik Sanayi ve Ticaret Anonim Şirketi. The other 50% is controlled by Lidya.

 

About SSR Mining

 

SSR Mining Inc. is a leading, free cash flow focused gold company with four producing assets located in the USA, Türkiye, Canada, and Argentina, combined with a global pipeline of high-quality development and exploration assets. In 2021, the four operating assets produced approximately 794,000 gold-equivalent ounces. SSR Mining is listed under the ticker symbol SSRM on the NASDAQ and the TSX, and SSR on the ASX.

 

Table 2: All drill holes completed at the Çakmaktepe Extension project between May 2021 and June 2022.
Hole ID From

(m)

To

(m)

Interval

(m)

Gold

(Au g/t)

Oxidation

Stage

EOH Depth

(m)

Comments
AR428 201.00 215.00 14.00 1.42 Oxide 229.40
AR429 119.20 124.20 5.00 0.48 Oxide 196.40
AR430 42.00 52.40 10.40 0.71 Oxide 173.00
AR431 48.00 51.00 3.00 1.00 Oxide 149.70
AR432 194.00 199.40 5.40 5.50 Oxide 334.50 Includes 0.6 meter
isolated core loss
including 195.60 196.40 0.80 13.70 Oxide
213.00 220.40 7.40 1.32 Sulfide
238.00 242.80 4.80 1.10 Sulfide
AR433 18.10 31.00 12.90 1.67 Oxide 125.50
37.00 63.10 26.10 1.26 Oxide
AR434 126.50 131.50 5.00 0.33 Oxide 164.80
AR435 151.80 158.80 7.00 0.39 Oxide 250.00
AR436 N.S.I 183.50
AR437 N.S.I 206.00
AR438 N.S.I 224.40
AR439 126.70 143.00 16.30 1.79 Mixed 184.10 37/63 Oxide – Sulfide
146.00 152.00 6.00 2.14 Oxide
AR440 193.00 196.00 3.00 0.91 Oxide 321.90
AR441 70.00 76.30 6.30 1.34 Oxide 257.50
95.00 104.00 9.00 0.50 Mixed 33/67 Oxide – Sulfide
140.00 145.00 5.00 0.80 Oxide
AR442 50.00 56.00 6.00 0.50 Oxide 176.00
99.00 102.00 3.00 0.42 Oxide
AR443 202.70 211.70 9.00 5.44 Sulfide 211.70
including 209.90 210.90 1.00 13.95 Oxide
AR444 202.20 221.00 18.80 0.84 Mixed 240.30 73/27 Oxide Sulfide
AR445 N.S.I 198.00
AR446 171.00 191.90 20.90 4.80 Mixed 280.90 44/56 Oxide – Sulfide
including 188.50 190.50 2.00 12.20 Sulfide
237.30 240.30 3.00 0.78 Oxide
AR447 72.30 76.30 4.00 2.11 Oxide 146.10
AR448 61.00 75.00 14.00 0.86 Oxide 254.50
115.00 120.00 5.00 0.67 Mixed 56/44 Oxide – Sulfide
AR449 N.S.I 111.00 Abandoned hole.
AR450 100.80 111.00 10.20 1.21 Oxide 153.80
AR451 125.00 129.40 4.40 0.92 Oxide 286.00
192.90 198.00 5.10 1.60 Sulfide
AR452 184.00 191.00 7.00 1.70 Oxide 254.90
193.80 198.00 4.20 3.26 Oxide
206.00 226.00 20.00 4.38 Mixed 75/25 Oxide-Sulfide,
includes 1.3 meter
isolated core loss
including 214.00 216.00 2.00 12.40 Sulfide
AR453 92.90 109.80 16.90 4.98 Oxide 218.40
including 98.90 100.90 2.00 17.80 Sulfide
AR454 124.20 141.20 17.00 3.26 Oxide 198.00
AR455 92.00 96.80 4.80 1.26 Oxide 153.50
AR456 168.50 178.10 9.60 1.40 Mixed 200.80 73/27 Oxide – Sulfide
AR457 175.00 184.00 9.00 2.26 Sulfide 312.00
187.50 188.80 1.30 3.01 Sulfide
199.00 217.00 18.00 0.80 Sulfide
232.00 238.00 6.00 1.08 Sulfide
AR458 68.80 99.00 30.20 1.23 Mixed 238.30 65/35 Oxide – Sulfide
131.00 136.00 5.00 0.85 Sulfide
AR459 84.10 99.00 14.90 0.78 Mixed 161.00 65/35 Oxide – Sulfide
AR460 58.20 59.50 1.30 3.43 Oxide 260.00
114.10 121.60 7.50 1.80 Sulfide
127.60 133.00 5.40 2.10 Sulfide
AR461 138.00 166.30 28.30 8.23 Mixed 201.80 51/49 Oxide – Sulfide
including 150.00 151.00 1.00 12.15 Sulfide
including 154.00 158.00 4.00 21.09 Sulfide
including 162.00 165.00 3.00 24.95 Mixed 67/33 Oxide – Sulfide
AR462 N.S.I 165.20
AR463 N.S.I 119.30
AR464 186.00 207.30 21.30 2.42 Oxide 320.00
210.50 213.50 3.00 25.88 Sulfide
including 210.50 212.50 2.00 37.25 Sulfide
240.70 252.70 12.00 0.36 Sulfide
AR465 149.00 160.70 11.70 0.78 Mixed 272.80 32/68 Oxide – Sulfide
165.70 168.70 3.00 0.37 Sulfide
186.20 195.20 9.00 1.93 Oxide
AR466 169.20 176.20 7.00 0.56 Oxide 269.50
194.20 197.40 3.20 2.34 Oxide
207.50 221.40 13.90 0.88 Oxide
224.00 233.00 9.00 0.88 Oxide
AR467 200.50 216.50 16.00 2.54 Mixed 275.40 32/68 Oxide – Sulfide
220.00 223.00 3.00 0.33 Oxide
AR468 93.10 103.20 10.10 1.71 Oxide 159.80
106.00 111.60 5.60 0.71 Mixed 68/32 Oxide – Sulfide
AR469 N.S.I 96.50
AR470 261.30 273.30 12.00 0.35 Oxide 293.30
AR471 N.S.I 131.00
AR472 N.S.I 207.50
AR473 252.00 255.00 3.00 0.33 Sulfide 265.00
AR474 64.15 73.50 9.35 1.71 Oxide 182.60
79.40 87.00 7.60 0.43 Oxide
99.80 104.80 5.00 0.34 Sulfide
AR475 106.20 124.50 18.30 1.24 Oxide 262.00 Includes 0.6 meter
isolated core loss
129.50 143.40 13.90 0.66 Oxide Includes 0.3 meter
isolated core loss
197.00 201.00 4.00 0.31 Oxide
AR476 170.70 176.30 5.60 1.60 Mixed 226.50 59/41 Oxide – Sulfide
204.00 216.80 12.80 4.27 Mixed 41/59 Oxide – Sulfide
AR477 149.80 152.90 3.10 2.71 Oxide 271.20
170.50 175.00 4.50 0.73 Oxide
190.00 191.00 1.00 3.69 Sulfide
263.60 266.60 3.00 0.41 Sulfide
AR478 N.S.I 100.00
AR479 195.50 205.80 10.30 2.18 Sulfide 288.20
210.80 223.40 12.60 1.09 Mixed 63/37 Oxide – Sulfide
234.00 240.80 6.80 1.11 Oxide
259.20 267.80 8.60 0.68 Mixed 71/29 Oxide – Sulfide
AR480 230.50 234.80 4.30 0.89 Oxide 302.00
238.60 241.70 3.10 0.41 Oxide
245.50 258.80 13.30 0.66 Oxide
AR481 84.50 92.80 8.30 1.80 Oxide 247.70
96.80 114.40 17.60 1.22 Oxide
AR482 151.50 188.40 36.90 2.72 Oxide 212.30
AR483 192.60 195.60 3.00 0.93 Oxide 250.00
AR484 176.30 196.60 20.30 1.75 Mixed 316.60 33/67 Oxide – Sulfide
200.10 203.60 3.50 0.77 Oxide
227.60 238.30 10.70 0.68 Sulfide
259.40 262.40 3.00 0.73 Oxide
AR485 164.30 169.90 5.60 1.00 Oxide 242.40
172.90 184.60 11.70 1.07 Oxide
215.60 220.60 5.00 0.35 Oxide
AR486 109.90 116.90 7.00 1.22 Oxide 254.00
AR487 79.80 83.80 4.00 0.47 Oxide 309.30
88.80 93.80 5.00 0.51 Oxide
246.90 257.90 11.00 2.71 Sulfide
AR488 147.50 181.10 33.60 2.06 Mixed 195.50 68/32 Oxide – Sulfide
AR489 84.80 136.50 51.70 1.37 Mixed 208.40 68/32 Oxide – Sulfide
142.50 153.50 11.00 0.82 Oxide
AR490 N.S.I 293.00
AR491 140.10 140.80 0.70 4.43 Oxide 240.00
155.80 160.40 4.60 0.47 Oxide
AR492 118.10 149.00 30.90 1.62 Mixed 214.20 74/26 Oxide – Sulfide
including 119.10 120.10 1.00 17.15 Oxide
153.00 158.50 5.50 0.76 Oxide
174.00 183.50 9.50 3.57 Oxide
AR493 N.S.I 130.00 SRK Piezometer water
well
AR494 179.70 206.00 26.30 2.89 Mixed 331.60 73/27 Oxide – Sulfide
including 181.70 183.70 2.00 16.08 Sulfide
220.60 224.80 4.20 0.49 Mixed 52/48 Oxide – Sulfide
235.80 239.80 4.00 0.39 Oxide
AR495 121.30 140.00 18.70 0.96 Oxide 268.40
AR496 72.30 75.30 3.00 0.82 Oxide 213.00
95.20 99.20 4.00 0.85 Oxide
105.20 111.20 6.00 0.40 Oxide
195.00 202.00 7.00 0.72 Sulfide
AR497 199.90 218.70 18.80 0.81 Oxide 288.30
227.00 232.60 5.60 0.73 Oxide
242.00 249.70 7.70 0.49 Oxide
268.70 271.70 3.00 0.41 Oxide
AR498 175.90 184.70 8.80 0.66 Oxide 260.60
187.70 197.90 10.20 0.54 Oxide
AR499 114.00 117.00 3.00 1.11 Oxide 270.00
127.40 131.50 4.10 0.56 Oxide
134.80 139.80 5.00 0.74 Oxide
181.00 190.20 9.20 1.73 Mixed 67/33 Oxide – Sulfide
AR500 199.50 204.40 4.90 3.67 Sulfide 278.00
224.50 229.40 4.90 0.34 Mixed 41/59 Oxide – Sulfide
AR501 210.70 225.60 14.90 1.81 Oxide 275.50
AR502 212.90 218.50 5.60 0.45 Sulfide 223.50
AR503 107.90 138.20 30.30 1.95 Oxide 230.10
including 111.50 112.50 1.00 13.70 Oxide
AR504 200.00 228.00 28.00 2.80 Sulfide 310.60
including 226.00 227.00 1.00 14.00 Sulfide
264.60 267.60 3.00 0.39 Oxide
AR505 195.50 205.50 10.00 2.20 Mixed 305.10 70/30 Oxide – Sulfide
225.70 228.70 3.00 0.84 Sulfide
256.20 261.10 4.90 0.42 Oxide
271.90 275.90 4.00 0.44 Mixed 50/50 Oxide – Sulfide
279.40 283.40 4.00 0.51 Oxide
AR506 39.30 48.40 9.10 0.46 Oxide 302.00
98.00 103.90 5.90 0.46 Oxide
AR507 N.S.I 331.60
AR508 192.50 213.20 20.70 0.74 Oxide 275.10
217.80 218.80 1.00 4.62 Sulfide
AR509 174.00 188.40 14.40 3.38 Mixed 230.00 50/50 Oxide – Sulfide
including 182.00 182.70 0.70 11.60 Sulfide
AR510 197.70 209.80 12.10 1.51 Oxide 272.20
215.80 220.80 5.00 0.44 Mixed 40/60 Oxide – Sulfide
AR511 N.S.I 413.00
AR512 164.40 172.40 8.00 1.90 Oxide 293.00
175.40 178.40 3.00 0.66 Oxide
204.80 220.20 15.40 0.76 Mixed 64/36 Oxide – Sulfide
238.30 248.30 10.00 0.81 Oxide
AR513 N.S.I 113.20 Abandoned hole.
AR514 160.00 213.00 53.00 2.46 Mixed 272.00 70/30 Oxide – Sulfide
including 191.00 191.80 0.80 11.55 Sulfide
AR515 178.00 201.70 23.70 1.76 Mixed 271.10 62/38 Oxide – Sulfide,
includes 0.9 meter
isolated core loss
AR516 N.S.I 289.10
AR517 71.50 75.50 4.00 0.30 Oxide 250.40
151.00 163.90 12.90 3.77 Oxide
including 159.00 161.00 2.00 12.30 Oxide
AR518 150.10 178.40 28.30 2.22 Oxide 200.00
AR519 N.S.I 85.00 Abandoned hole.
AR520 N.S.I 258.10
AR521 171.80 181.80 10.00 0.97 Mixed 220.10 53/47 Oxide – Sulfide
AR522 120.50 123.50 3.00 0.70 Oxide 230.50
AR523 108.00 112.00 4.00 0.69 Sulfide 246.30
127.00 136.60 9.60 1.01 Sulfide
AR524 168.80 182.10 13.30 3.95 Sulfide 209.30
including 175.50 176.50 1.00 11.90 Sulfide
AR525 211.20 230.80 19.60 1.27 Mixed 250.80 59/41 Oxide – Sulfide,
includes 1.1 meter
isolated core loss
AR526 206.60 224.00 17.40 1.27 Mixed 232.00 39/61 Oxide – Sulfide
AR527 122.00 130.00 8.00 2.39 Oxide 172.60
139.20 144.10 4.90 1.65 Oxide
AR528 189.00 200.30 11.30 0.75 Oxide 226.90
AR529 152.00 170.00 18.00 0.87 Oxide 210.00
AR530 N.S.I 152.20 Abandoned hole.
AR531 146.30 152.30 6.00 0.52 Oxide 266.00
AR532 94.50 106.20 11.70 1.65 Oxide 182.00
109.00 114.00 5.00 0.35 Sulfide
131.50 135.00 3.50 0.60 Mixed 51/49 Oxide – Sulfide
142.00 153.00 11.00 0.38 Oxide
AR533 16.50 47.00 30.50 1.52 Oxide 178.00
AR534 92.50 150.30 57.80 1.68 Sulfide 166.20
AR535 129.70 158.40 28.70 1.91 Mixed 215.00 73/27 Oxide – Sulfide
162.60 165.70 3.10 0.90 Oxide
174.40 178.50 4.10 0.62 Oxide
AR536 110.60 166.40 55.80 2.38 Mixed 187.60 56/44 Oxide – Sulfide
including 144.30 145.30 1.00 10.30 Sulfide
184.60 185.60 1.00 5.45 Sulfide
AR537 127.50 173.20 45.70 1.42 Oxide 230.00
179.10 186.30 7.20 2.93 Sulfide
AR538 89.00 112.70 23.70 3.63 Oxide 166.00 98.00 – 101.40 Sulfide
including 90.10 91.00 0.90 11.50 Oxide
AR539 169.50 196.10 26.60 1.61 Sulfide 211.20
202.10 206.10 4.00 1.39 Sulfide
AR540 130.60 164.80 34.20 2.78 Oxide 171.10
AR541 101.90 117.60 15.70 3.29 Mixed 174.40 54/46 Oxide – Sulfide
134.70 136.00 1.30 6.15 Oxide
AR542 100.20 119.00 18.80 3.13 Oxide 149.00
including 108.00 109.00 1.00 10.35 Oxide
AR543 182.80 187.20 4.40 0.64 Oxide 223.00 Includes 0.3 meter
isolated core loss
AR544 130.30 157.40 27.10 5.24 Mixed 192.50 56/44 Oxide – Sulfide
including 138.30 139.10 0.80 12.30 Sulfide
including 147.00 148.00 1.00 23.00 Oxide
AR545 190.40 200.00 9.60 1.53 Sulfide 275.00
207.00 219.00 12.00 0.66 Oxide
222.00 226.00 4.00 1.97 Mixed 57/43 Oxide – Sulfide
228.70 232.80 4.10 0.41 Mixed 59/41 Oxide – Sulfide
AR546 87.80 91.40 3.60 1.50 Sulfide 139.00
AR547 232.10 241.00 8.90 1.25 Sulfide 347.00
256.00 273.20 17.20 1.05 Oxide
AR548 185.70 203.70 18.00 1.16 Mixed 234.90 31/69 Oxide – Sulfide
208.70 223.00 14.30 0.41 Oxide
AR549 247.20 253.10 5.90 0.65 Oxide 321.50
273.00 285.00 12.00 0.71 Sulfide
AR550 95.00 104.70 9.70 0.82 Oxide 261.70
142.00 151.00 9.00 0.46 Oxide
AR551 124.50 146.00 21.50 2.51 Oxide 248.00 Includes 0.5 meter
isolated core loss
177.00 186.90 9.90 1.25 Oxide
AR552 N.S.I 391.50
AR553 N.S.I 311.10
AR554 170.80 200.50 29.70 1.60 Oxide 231.40 Includes 1.4 meter
isolated core loss
AR555 92.30 99.30 7.00 1.20 Oxide 137.90
119.80 130.80 11.00 1.51 Sulfide
AR556 196.10 219.00 22.90 1.26 Oxide 237.30
AR557 N.S.I 347.00
AR558 149.10 176.70 27.60 5.20 Mixed 204.00 63/37 Oxide – Sulfide,
includes 0.7 meter
isolated core loss
including 160.40 164.60 4.20 13.66 Mixed 48/52 Oxide – Sulfide
AR559 246.20 250.60 4.40 0.63 Mixed 332.30 48/52 Oxide – Sulfide
262.50 265.50 3.00 0.61 Sulfide
280.00 284.00 4.00 0.62 Sulfide
AR560 16.50 46.80 30.30 2.19 Mixed 98.60 49/51 Oxide – Sulfide
49.80 57.10 7.30 1.38 Mixed 42/58 Oxide – Sulfide
86.80 95.50 8.70 0.70 Oxide
AR561 202.00 210.30 8.30 2.35 Mixed 259.00 54/46 Oxide – Sulfide,
includes 0.5 meter
isolated core loss
AR562 164.20 205.30 41.10 1.92 Mixed 256.50 70/30 Oxide – Sulfide
AR563 24.00 34.20 10.20 1.60 Oxide 130.00
37.20 65.60 28.40 1.10 Oxide
AR564 251.70 256.80 5.10 1.08 Mixed 304.00 51/49 Oxide – Sulfide
AR565 231.00 234.00 3.00 0.96 Oxide 330.60
AR566 2.70 41.00 38.30 1.65 Mixed 107.50 75/25 Oxide – Sulfide
43.90 52.00 8.10 0.93 Oxide
AR567 162.40 167.00 4.60 0.33 Oxide 230.00
AR568 160.20 167.00 6.80 0.49 Oxide 258.40
217.80 220.80 3.00 2.51 Oxide
226.10 229.10 3.00 0.67 Oxide
AR569 81.40 111.80 30.40 2.63 Oxide 143.50 Includes 0.8 meter
isolated core loss
including 105.20 106.20 1.00 10.30 Sulfide
AR570 145.00 150.40 5.40 5.73 Mixed 269.20 46/54 Oxide – Sulfide
including 145.00 145.80 0.80 11.40 Oxide
157.40 166.00 8.60 4.00 Sulfide
including 164.00 165.00 1.00 14.10 Sulfide
175.00 204.60 29.60 1.60 Mixed 59/41 Oxide – Sulfide
208.70 224.80 16.10 1.93 Mixed 52/48 Oxide – Sulfide
AR571 94.00 116.80 22.80 1.34 Oxide 125.50
AR572 197.30 202.30 5.00 0.39 Oxide 300.00
206.60 215.60 9.00 0.64 Oxide Includes 0.5 meter
isolated core loss
270.00 276.00 6.00 0.35 Oxide
AR573 189.70 201.10 11.40 3.22 Mixed 277.70 38/62 Oxide – Sulfide
211.40 215.00 3.60 1.98 Sulfide
221.70 225.70 4.00 0.58 Sulfide
232.80 240.50 7.70 0.85 Mixed 48/52 Oxide – Sulfide
AR574 N.S.I 185.80
AR575 N.S.I 184.60
AR576 151.00 165.00 14.00 0.55 Oxide 179.10 Includes 0.3 meter
isolated core loss
AR577 161.60 166.80 5.20 1.64 Oxide 169.80
AR578 N.S.I 114.50

 

Significant gold intervals reported at a nominal 0.3 g/t gold cut-off and with a maximum 2.5m contiguous dilution are given in Table 1. All
thicknesses are down hole length and true widths are not known at this stage.

 

 

Supporting Drilling Information to SSR Mining Announcement

 

This document provides supporting drill collar locations and composite assay results for the Çakmaktepe Extension drilling program referenced in the announcement “SSR Mining Announces Positive Exploration Results for the Çakmaktepe Extension Project (Ardich), including 28.3 meters at 8.23 g/t Au”, October 5, 2022.

 

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 Azimuth Dip End of Hole

(m)

AR428 463406.97 4366890.30 1228.47 220 -80 229.40
AR429 463626.30 4366351.00 1289.18 250 -70 196.40
AR430 463203.05 4366569.49 1347.97 220 -60 173.00
AR431 462809.30 4367110.00 1310.39 220 -70 149.70
AR432 463694.60 4367227.00 1208.49 0 -90 334.50
AR433 463122.90 4367255.00 1216.10 260 -80 125.50
AR434 463203.60 4366569.00 1348.78 0 -90 164.80
AR435 463310.20 4366901.00 1250.25 220 -65 250.00
AR436 463448.20 4366337.00 1338.24 220 -80 183.50
AR437 463562.97 4366361.42 1293.26 220 -80 206.00
AR438 463203.62 4366569.18 1347.87 40 -70 224.40
AR439 463706.62 4366475.35 1293.01 220 -70 184.10
AR440 463645.36 4367257.19 1200.95 60 -70 321.90
AR441 464224.06 4366590.32 1355.88 340 -75 257.50
AR442 463125.30 4366698.97 1337.58 220 -60 176.00
AR443 463513.81 4366801.55 1214.09 220 -60 211.70
AR444 463438.27 4366862.91 1221.73 230 -80 240.30
AR445 463446.59 4366407.43 1313.96 0 -90 198.00
AR446 463718.80 4366612.80 1273.34 310 -80 280.90
AR447 463353.16 4367401.06 1139.47 100 -60 146.10
AR448 464224.02 4366588.74 1355.93 85 -75 254.50
AR449 463750.86 4366659.63 1251.62 165 -80 111.00
AR450 463365.60 4366514.00 1307.50 0 -90 153.80
AR451 463644.90 4367257.00 1201.07 0 -90 286.00
AR452 463677.87 4366570.96 1271.93 320 -80 254.90
AR453 463471.28 4367443.96 1107.31 215 -65 218.40
AR454 463387.54 4366949.65 1226.61 110 -85 198.00
AR455 463397.19 4366579.15 1278.35 0 -90 153.50
AR456 463719.41 4366876.41 1222.67 75 -70 200.80
AR457 463644.92 4367257.72 1201.54 240 -80 312.00
AR458 464096.64 4366539.01 1354.38 130 -85 238.30
AR459 463257.50 4366689.00 1293.08 0 -90 161.00
AR460 463468.10 4367446.00 1107.48 260 -70 260.00
AR461 463637.00 4366678.00 1238.55 100 -70 201.80
AR462 463170.90 4366786.00 1299.73 0 -90 165.20
AR463 463663.50 4366496.00 1271.22 40 -80 119.30
AR464 463697.70 4367224.00 1207.58 240 -70 320.00
AR465 463464.40 4367479.00 1108.93 0 -90 272.80
AR466 463916.80 4366525.00 1354.33 170 -80 269.50
AR467 463367.40 4366855.00 1242.21 150 -85 275.40
AR468 463334.30 4366687.00 1270.36 220 -70 159.80
AR469 463664.20 4366495.00 1270.93 40 -80 96.50
AR470 463786.50 4367198.00 1210.99 280 -80 293.30
AR471 463999.30 4366911.00 1240.24 25 -75 131.00
AR472 463405.20 4366660.00 1259.31 220 -70 207.50
AR473 463511.90 4367504.00 1131.69 270 -85 265.00
AR474 464066.90 4366658.00 1307.14 150 -75 182.60
AR475 463999.00 4366481.00 1362.56 0 -90 262.00
AR476 463646.40 4366620.00 1250.82 220 -70 226.50
AR477 463787.00 4367198.00 1212.78 0 -90 271.20
AR478 463575.00 4367457.00 1153.95 15 -80 100.00
AR479 463576.00 4367454.00 1154.11 240 -70 288.20
AR480 463971.90 4366457.00 1376.60 270 -75 302.00
AR481 463630.80 4366431.00 1266.54 0 -80 247.70
AR482 463444.90 4366798.00 1225.07 0 -75 212.30
AR483 463633.92 4366564.01 1255.45 0 -90 250.00
AR484 463532.00 4367452.17 1134.93 250 -80 316.60
AR485 464207.90 4366747.46 1305.24 50 -75 242.40
AR486 463622.90 4366517.00 1252.46 270 -70 254.00
AR487 463543.36 4367395.39 1146.03 70 -80 309.30
AR488 463444.99 4366797.94 1224.85 0 -90 195.50
AR489 463691.45 4366430.99 1296.49 80 -80 208.40
AR490 463453.94 4367535.60 1104.37 270 -85 293.00
AR491 464206.31 4366746.34 1305.52 0 -90 240.00
AR492 463623.09 4366516.75 1252.78 0 -90 214.20
AR493 463362.63 4366930.88 1234.71 0 -90 130.00
AR494 463633.44 4367321.20 1189.82 220 -80 331.60
AR495 463674.92 4366293.49 1313.76 300 -85 268.40
AR496 464381.46 4366585.90 1387.01 325 -75 213.00
AR497 463967.10 4366379.94 1416.48 0 -90 288.30
AR498 463319.29 4366953.76 1236.76 0 -90 260.60
AR499 464270.03 4366504.13 1414.42 290 -70 270.00
AR500 463632.38 4367323.29 1189.77 140 -80 278.00
AR501 463916.04 4366406.52 1397.62 180 -80 275.50
AR502 463807.60 4366453.00 1341.48 30 -75 223.50
AR503 463494.70 4366536.00 1266.12 0 -90 230.10
AR504 463599.06 4367386.15 1166.95 150 -80 310.60
AR505 463721.11 4367194.86 1209.65 0 -90 305.10
AR506 462981.76 4366851.67 1329.50 220 -70 302.00
AR507 463693.43 4367392.53 1168.57 0 -90 331.60
AR508 463695.94 4367226.34 1207.55 180 -80 275.10
AR509 463456.19 4366739.72 1234.36 220 -75 230.00
AR510 463646.26 4367260.31 1200.87 150 -80 272.20
AR511 463541.67 4367549.90 1140.02 0 -90 413.00
AR512 463808.25 4366452.40 1341.47 30 -75 293.00
AR513 463611.00 4366625.91 1238.29 0 -90 113.20
AR514 463513.90 4366801.00 1213.94 70 -60 272.00
AR515 463637.90 4366676.67 1240.33 255 -85 271.10
AR516 463326.10 4367532.00 1111.68 70 -75 289.10
AR517 463955.50 4366561.00 1334.01 175 -70 250.40
AR518 463512.90 4366801.00 1214.52 0 -90 200.00
AR519 463610.74 4366627.26 1238.07 0 -90 85.00
AR520 463292.37 4366801.79 1267.84 0 -90 258.10
AR521 463565.04 4366632.93 1229.64 0 -90 220.10
AR522 463380.58 4366789.44 1243.04 220 -60 230.50
AR523 463330.83 4367529.71 1111.64 190 -75 246.30
AR524 463574.34 4366689.71 1218.68 310 -80 209.30
AR525 463379.92 4366792.76 1242.88 130 -80 250.80
AR526 463439.58 4366860.74 1221.77 230 -70 232.00
AR527 463747.05 4366662.50 1251.67 120 -70 172.60
AR528 463457.05 4366736.25 1234.37 130 -85 226.90
AR529 463461.16 4366674.39 1245.71 220 -85 210.00
AR530 463610.64 4366623.67 1236.68 220 -70 152.20
AR531 463532.91 4366679.31 1230.09 220 -60 266.00
AR532 463016.51 4367076.87 1257.68 100 -80 182.00
AR533 463058.53 4367180.64 1235.00 180 -75 178.00
AR534 463201.32 4367121.17 1222.92 180 -70 166.20
AR535 463280.05 4367015.82 1223.11 60 -80 215.00
AR536 463477.17 4366900.98 1208.45 190 -80 187.60
AR537 463279.72 4367015.51 1224.76 0 -90 230.00
AR538 463425.49 4366995.89 1209.03 320 -70 166.00
AR539 463211.19 4367051.72 1228.43 170 -70 211.20
AR540 463494.73 4366937.87 1199.80 80 -75 171.10
AR541 463173.31 4367080.70 1231.37 170 -80 174.40
AR542 463466.47 4366967.77 1203.15 270 -70 149.00
AR543 463101.94 4367008.63 1256.26 70 -80 223.00
AR544 463466.51 4366967.55 1203.14 200 -70 192.50
AR545 463599.73 4367384.47 1167.10 160 -70 275.00
AR546 463200.72 4366879.28 1268.55 0 -90 139.00
AR547 463633.92 4367326.89 1189.51 30 -80 347.00
AR548 463365.39 4366926.56 1234.88 245 -80 234.90
AR549 463599.65 4367384.92 1167.10 0 -90 321.50
AR550 463181.36 4366945.17 1253.00 0 -90 261.70
AR551 463386.79 4366953.26 1227.06 220 -80 248.00
AR552 463637.43 4367433.91 1162.55 0 -90 391.50
AR553 463598.63 4367385.80 1166.81 70 -80 311.10
AR554 463331.29 4366952.67 1236.52 250 -75 231.40
AR555 463245.81 4367158.41 1215.91 0 -90 137.90
AR556 463406.18 4366889.57 1228.72 260 -80 237.30
AR557 463767.05 4367318.34 1186.95 0 -90 347.00
AR558 463515.92 4366801.68 1214.02 300 -80 204.00
AR559 463552.32 4367485.48 1144.85 255 -75 332.30
AR560 463440.74 4367084.39 1185.98 0 -90 98.60
AR561 463457.84 4366734.98 1233.88 320 -80 259.00
AR562 463514.60 4366746.42 1222.47 45 -75 256.50
AR563 463364.42 4367107.39 1195.39 120 -80 130.00
AR564 463592.79 4367429.80 1160.64 260 -80 304.00
AR565 463834.03 4367236.63 1202.73 0 -90 330.60
AR566 463426.46 4367118.89 1182.99 330 -80 107.50
AR567 463942.64 4366963.15 1229.19 300 -80 230.00
AR568 463888.43 4367030.40 1213.80 280 -75 258.40
AR569 463478.76 4367057.23 1186.27 60 -60 143.50
AR570 463545.41 4367395.11 1146.72 0 -90 269.20
AR571 463193.14 4367182.33 1217.94 0 -90 125.50
AR572 463758.99 4367243.70 1204.85 0 -90 300.00
AR573 463672.52 4367242.06 1205.12 240 -80 277.70
AR574 463345.84 4367577.95 1097.15 255 -80 185.80
AR575 463899.11 4366966.44 1223.68 20 -70 184.60
AR576 463931.27 4367014.17 1219.88 0 -70 179.10
AR577 463812.25 4366895.75 1227.52 50 -90 169.80
AR578 463997.63 4366807.88 1260.67 350 -85 114.50

 

 


Figure 1: Location map of the Çakmaktepe Extension Project. (CNW Group/SSR Mining Inc.)

 

 


Figure 2: Drill hole locations and surface outline of Reserve Pit Boundary. (CNW Group/SSR Mining Inc.)

 

 


Figure 3: Section showcasing highlighted drill holes against the Reserve pit shell. (CNW Group/SSR Mining Inc.)

 

Posted October 5, 2022

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