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Results Continue to Showcase Prospective Platform in Saskatchewan

DENVER, Dec. 13, 2021 /CNW/ - SSR Mining Inc. (NASDAQ: SSRM) (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 Seabee/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.

Story continues

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.

Figure 1. Location of SSR Minings Saskatchewan properties, including the Amisk Property. (CNW Group/SSR Mining Inc.)

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. (CNW Group/SSR Mining Inc.)

Figure 3. Highlighted surface sample results from early exploration at the Amisk Property. (CNW Group/SSR Mining Inc.)

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

Figure 4. Highlighted exploration results from the Black Diamond target area. (CNW Group/SSR Mining Inc.)

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

Figure 5. Highlighted exploration results from the West Channel trend area. (CNW Group/SSR Mining Inc.)

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

TCA

Oberon

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 indicated 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 discovery of dozens of historical trenches and adits dating back to the 1930s.

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 meters 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 samples 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

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SSR Mining Announces Positive Exploration Results at the Amisk Gold Property in Saskatchewan - Yahoo Finance