EX-99.1 2 a2019-07x30xcorpexploratio.htm EXHIBIT 99.1 Exhibit





a20190730corpexplorat_image7.gif




   News Release 19-17


July 30, 2019

SSR MINING PROVIDES JULY 2019 EXPLORATION UPDATE

VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) provides an update on its exploration activities and results at its Marigold mine in Nevada, U.S., Seabee Gold Operation in Saskatchewan, Canada and Pitarrilla project in Durango, Mexico for the period from October 1, 2018 to May 31, 2019 (the “Exploration Period”).

Paul Benson, President and CEO said, “Over recent years, we have continued to invest in our business, even in times of depressed precious metals prices. We are seeing the benefits of that investment now as we enter a period of anticipated increasing production, declining cash costs and continued exploration success.

I am pleased to report that the exploration and technical work at Red Dot, at the Marigold mine, has provided increased confidence in the deposit’s economics based on current assumptions, which include a gold price of $1,250 per ounce. Positively, we do not need to invest mining expansion capital considered in the Marigold Equipment Replacement Study to support Red Dot economics. Red Dot production is expected to be added to the current mine plan extending Marigold’s life into the early 2030’s. We continue drilling at Marigold and expect to commence soon an exploration program at the recently-acquired properties to the south of the mine. As a result, we expect to further grow Marigold’s Mineral Reserves and Resources in years to come.

We have also had success at Seabee with exciting results in our Santoy Gap Hanging Wall area. We continue both infill and step out drilling and expect Santoy Gap Hanging Wall to extend the Seabee mine life. Finally, we are also announcing works aimed at expanding the Pitarrilla high grade zone, with the objective to improve the economics of that project to a double-digit IRR at spot silver price.”

Highlights:

Successful Red Dot exploration program provides opportunity to extend Marigold mine life.

Exploration success in 2019: Exploration drilling in 2018 and geotechnical drilling and engineering completed in 2019 support the conversion of Red Dot Mineral Resources.

Marigold mine life extension: We expect Red Dot to extend the current Marigold life of mine plan into the early 2030’s without the need for expansion capital.

    


SSR Mining Inc.
PHONE      +1 604.689.3846
 
Suite 800 - 1055 Dunsmuir Street
www.ssrmining.com
TOLL FREE   +1 888.338.0046
 
PO Box 49088
 
 
 
Vancouver, BC, Canada V7X 1G4





Mineral Reserves additions: We expect to report conversion of Red Dot Phases 2 and 3 Mineral Resources at year-end 2019, complementing the reported 350,000 ounces of gold Mineral Reserves at Red Dot, referred to as Phase 1, in our year-end 2018 Mineral Reserves and Mineral Resources estimate.

Focus on Mineral Resources expansion: Exploration and permitting activities are underway at North and South Red Dot, Valmy, East Basalt and Trenton Canyon areas aimed at extending known mineralization and discovery during 2019 and beyond.

Also, at Marigold, infill drill results for the Mackay pit and the North and South Red Dot areas are expected to add to existing Mineral Reserves and Mineral Resources at year-end 2019. Drill results include:

At the Mackay pit, drillhole MRA6915 intersected 1.03 g/t gold over 19.8 meters from 75 meters;

At North Red Dot, drillhole MRA6790 intersected 5.02 g/t gold over 53.3 meters from 319 meters, including 12.53 g/t gold over 19.8 meters from 352 meters; and

At South Red Dot, drillhole MRA6929 intersected 1.70 g/t gold over 47.2 meters from 213 meters, including 3.36 g/t gold over 16.8 meters from 218 meters.

At the Seabee Gold Operation, brownfield drill results for the Santoy Gap Hanging Wall are expected to increase Mineral Resources at year-end. Drill results include:

Drillhole SUG-19-601 intersected 7.01 g/t gold over 18.2 meters true width; and

Drillhole SUG-18-636 intersected 9.96 g/t gold over 10.7 meters true width.

Greenfields exploration at the Seabee Gold Operation and Fisher property intersected new mineralized zones at the Batman Lake and Mac targets, respectively, where we are targeting new gold discoveries. Drill results include:

At the Batman Lake target, drillhole BAT-19-001 intersected 6.28 g/t gold over 1.5 meters intersected width; and

At the Mac target, drillhole FIS-19-035 intersected 7.31 g/t gold over 1.6 meters intersected width and 3.76 g/t gold over 4.2 meters intersected width, including 13.72 g/t gold over 0.7 meters intersected width.

At the Pitarrilla project, we are reviewing drill programs and engineering studies to identify additional zones and continuity of high grade Mineral Resources with the potential to improve project economics based on current metal prices.

We are evaluating contractors to extend the existing underground access and drill these areas. If approved, drilling is anticipated to commence in the second half of 2020.



    



SSR Mining Inc.
PAGE 2





Marigold mine, U.S.

During the fourth quarter of 2018, drilling focused on converting Inferred Mineral Resources and adding to Mineral Resources in the Mackay pit, while drilling during 2019 has focused on increasing Mineral Resources and Mineral Reserves in the Mackay pit and the North and South extensions of Red Dot. A total of 68,965 meters was drilled during the Exploration Period. The drill program included three core holes as part of the geotechnical study for the Red Dot pit designs and nine core holes for quality control within the Red Dot deposit.

During 2019, we have received results from 98 drillholes, which, combined with the drill program completed in 2018, are expected to further expand Mineral Reserves and add to Mineral Resources at Red Dot at year-end 2019.

Drilling locations at Marigold for the Exploration Period are shown in Figure 1, with highlighted results illustrated in the east-west cross-section in Figure 2 and the north-south longitudinal section in Figure 3. Table 1 lists selected drill results for the Exploration Period, while Table 2 provides the collar coordinates and drillhole lengths.

In 2018 and 2019, we acquired four parcels totaling 130 hectares of land located within the Marigold mine land package, as stated in our news release dated June 27, 2019. One of these parcels is located near South Red Dot, as shown in Figure 1. During the Exploration Period, we intersected higher grade mineralization at South Red Dot (see Figure 3), indicating the prospectivity of this land parcel and its potential to increase our Mineral Resources estimate at Marigold at year-end 2019.

The Red Dot area contained a Mineral Resources estimate as outlined in our year-end 2017 Mineral Reserves and Mineral Resources estimate (see news release dated February 22, 2018) but did not demonstrate economic viability utilizing a $1,250 per ounce of gold price. As a result, in 2018, we initiated an extensive drill program at the Red Dot area with the goals of upgrading Mineral Resources to Mineral Reserves and increasing the amount of contained gold by improving our geological understanding and defining higher-grade structures at this area. The 2018 Red Dot area drill program was successful in that it achieved, in part, our goal of converting Red Dot Mineral Resources by adding 350,000 ounces of gold to Mineral Reserves as reported in our year-end 2018 Mineral Reserves and Mineral Resources estimate (see news release dated February 21, 2019), which we refer to as Red Dot Phase 1.

During the first half of 2019, the Red Dot exploration program focused on geotechnical drilling and engineering with the goal of declaring additional Mineral Reserves at Red Dot. We also completed preliminary pit designs and related economic evaluations referred to as the Marigold Equipment Replacement Study. These evaluations were completed with strict economic return and investment thresholds and were based on current assumptions, which include a gold price of $1,250 per ounce. Red Dot is anticipated to extend the Marigold mine life into the early 2030’s, without requiring expansion of the mining fleet or the associated expansion capital.


    



SSR Mining Inc.
PAGE 3




Exploration and permitting activities are currently underway in the Mackay pit, North and South Red Dot, Valmy, East Basalt and the newly-acquired Trenton Canyon areas, aimed at extending known gold mineralization and discovery during 2019 and beyond. We expect to commence the first phase of our exploration program at the Trenton Canyon property, which lies immediately south of Marigold, in the third quarter of 2019.


Seabee Gold Operation, Canada

At the Santoy mine complex, drilling throughout the Exploration Period focused on increasing Mineral Resources and defining Mineral Reserves at the Santoy Gap Hanging Wall (“Gap HW”), Santoy 8A and Santoy 9A and 9C zones. Greenfields exploration activities at the Seabee Gold Operation and Fisher property are focused on targeting new gold discoveries at the Batman Lake and Mac areas, respectively. Over the Exploration Period, 190 drillholes totaling 75,921 meters of core drilling were completed from underground and surface programs at the properties. Underground and surface exploration is on-going.

The Gap HW drill program has realized consistent positive results from areas up and down plunge from the initial Inferred Mineral Resources outlined at year-end 2018. The Gap HW Mineral Resources are located within 250 meters of Santoy 9 mineralization and extend parallel to the Santoy decline for approximately 300 meters. Currently, the mineralized structure demonstrates a plunge length of 1,200 meters associated with a folded granodiorite sill. As of the end of the Exploration Period, we have completed 77 drillholes at Gap HW, with 44 drillholes containing resource widths and grades of more than 3 g/t gold over 3 meters. Once compiled, we expect these results to add Mineral Resources at Santoy at year-end 2019. Highlighted drill results are shown in a longitudinal section of the Santoy mine complex in Figure 4 and a cross-section of the Gap HW in Figure 5. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

During the Exploration Period, we completed 36 drillholes at Santoy 8A and 33 drillholes at Santoy 9, which aided in converting Inferred Mineral Resources to Mineral Reserves at year-end 2018. Our 2019 exploration program aims to increase Inferred Mineral Resources in these areas.

At the Batman Lake area, located 800 meters south of the Santoy mine, we completed four drillholes totaling 1,062 meters during the Exploration Period, of which three drillholes intersected a new mineralized area called the Riddler zone. This zone, averaging four meters of intercepted width, contained visible gold and exhibits plunge continuity of nearly 400 meters from 100 meters below surface. The best intercept returned 6.28 g/t gold over 1.5 meters in drillhole BAT-19-001 and demonstrates additional exploration potential within 800 meters of the Santoy mine complex, with additional drilling planned to investigate this mineralization, which remains open at depth.

At the Fisher project, our objective is to discover a new zone with potential for Inferred Mineral Resources. Work during the fourth quarter of 2018 focused on the Mac target, where we completed a drill program including ten drillholes totaling 3,552 meters. During 2019, at the Fisher project we have completed 20 drillholes totaling 7,640 meters, including a further seven drillholes and 3,522 meters at the Mac target. The program was successful in intersecting gold mineralization at the Mac vein in five drillholes with an average drilled width of two meters. Hole FIS-19-035 intercepted 3.76 g/t gold over 4.2 meters, representing the first occurrence at the Fisher project of mineable width and above cut-off grade gold mineralization.

    



SSR Mining Inc.
PAGE 4




Next exploration steps at the Seabee Gold Operation include completing exploration for additional Inferred Mineral Resources up and down plunge from the existing Gap HW Inferred Mineral Resources. We expect to evaluate Gap HW mining alternatives during 2020. Field programs targeting greenfields discovery are underway at the Seabee Gold Operation and Fisher property.

Table 3 lists selected drill results at the Santoy mine complex and the Batman Lake and Fisher project areas for the Exploration Period.


Pitarrilla Project, Mexico

The Pitarrilla project was the subject of a feasibility study completed in 2012. The feasibility study contemplated an open pit mine and capital intensive processing facilities capable of recovering silver and base metals from surface oxides, transition zone and deeper sulphide Mineral Resources using a long-term silver price of $25 per ounce.

In 2018, we evaluated a smaller scale, underground mine alternative, targeting higher-grade sulphide Mineral Resources using prevailing metals prices and lower capital, aligned with the reduced scope. While this evaluation resulted in a modest, positive return, our minimum investment criteria were not satisfied. However, the 2018 underground mine evaluation indicated that there is potential to increase the sulphide mineralization tonnage and metal grades for improved project economics with additional exploration activities. This is a result of moderately-spaced vertical exploration holes associated with the 2012 open pit mine scenario and sub-vertical structures controlling the higher-grade sulphide mineralization.

During the second quarter of 2019, we requested proposals from contractors to extend an existing exploration decline approximately 850 meters allowing for an in-fill drilling program of the Pitarrilla project sulphide Mineral Resources over an 18-month time period. We are in the process of evaluating and selecting a contractor to access and drill these Mineral Resources. If approved, drilling is expected to commence in the second half of 2020.

A cross-section for the proposed exploration drill program at the Pitarrilla project is shown in Figure 6.

















    



SSR Mining Inc.
PAGE 5




Figure 1. Drillhole location plan map for the exploration drill programs at the Marigold mine, Nevada, U.S. during the Exploration Period.

a20190730corpexplorat_image1.gif

    



SSR Mining Inc.
PAGE 6




Figure 2. Drill cross-section along A-A’ highlighting the North Red Dot area at the Marigold mine, Nevada, U.S.

a20190730corpexplorat_image2.gif

Figure 3. Drill longitudinal section along B-B’ highlighting the South Red Dot area at the Marigold mine, Nevada, U.S.

a20190730corpexplorat_image3.gif


    



SSR Mining Inc.
PAGE 7




Figure 4. Longitudinal section for the exploration drill program at the Santoy mine complex, Seabee Gold Operation, Saskatchewan, Canada during the Exploration Period.

a20190730corpexplorat_image4.gif























    



SSR Mining Inc.
PAGE 8




Figure 5. Cross-section for the exploration drill program, looking mine grid west, at the Santoy Gap Hanging Wall, Seabee Gold Operation, Saskatchewan, Canada during the Exploration Period.

a20190730corpexplorat_image5.gif



















    



SSR Mining Inc.
PAGE 9




Figure 6. Cross section for the proposed exploration drill program at the Pitarrilla project, Durango, Mexico.

a20190730corpexplorat_image6.gif






















    



SSR Mining Inc.
PAGE 10




Table 1. Selected drillhole results from the Marigold mine, Nevada, U.S. for the Exploration Period.

Hole ID
From (meters)
To (meters)
Width (meters)
Gold
 (g/t)
Area
MRA6780
376.4
458.7
82.3
0.47
Red Dot
MRA6790
318.5
371.9
53.3
5.02
North Red Dot
(including)
352.0
371.9
19.8
12.53
North Red Dot
MRA6793
158.5
184.4
25.9
2.80
Mackay Pit
(including)
158.5
166.1
7.6
8.80
Mackay Pit
MRA6797
384.0
423.7
39.6
4.00
North Red Dot
(including)
385.6
405.4
19.8
6.59
North Red Dot
MRA6800
391.7
428.2
36.6
2.27
North Red Dot
(including)
399.3
411.5
12.2
4.38
North Red Dot
MRA6802
309.4
364.2
54.9
0.63
North Red Dot
MRA6804
233.2
262.1
29.0
1.22
Mackay Pit
MRA6809
269.7
304.8
35.1
0.70
Red Dot
and
335.3
367.3
32.0
0.99
Red Dot
MRA6810
271.3
300.2
29.0
0.91
Red Dot
MRA6819
388.6
413.0
24.4
0.85
North Red Dot
MRA6822
190.5
221.0
30.5
0.73
Red Dot
MRA6834
317.0
399.3
82.3
0.67
Red Dot
and
399.3
438.9
39.6
0.74
Red Dot
MRA6838
195.1
211.8
16.8
2.75
Red Dot
(including)
196.6
205.7
9.1
4.69
Red Dot
and
281.9
355.1
73.2
0.44
Red Dot
MRA6843
324.6
365.8
41.1
0.58
South Red Dot
MRA6845
371.9
425.2
53.3
2.85
North Red Dot
MRA6849
303.3
388.6
85.3
1.76
North Red Dot
(including)
349.0
359.7
10.7
3.93
North Red Dot
MRA6855
312.4
356.6
44.2
0.61
North Red Dot
MRA6856
150.9
164.6
13.7
1.91
South Red Dot
MRA6859
309.4
364.2
54.9
0.49
South Red Dot
MRA6862
361.2
374.9
13.7
1.49
North Red Dot
MRA6870
435.9
458.7
22.9
1.52
North Red Dot
MRA6871
333.8
362.7
29.0
0.90
South Red Dot
MRA6878
225.6
342.9
117.3
0.31
South Red Dot
MRA6894
214.9
265.2
50.3
1.07
South Red Dot
MRA6900
4.6
19.8
15.2
2.07
Mackay Pit
MRA6907
39.6
64.0
24.4
0.89
Mackay Pit
MRA6908
16.8
35.1
18.3
1.24
Mackay Pit
MRA6912
24.4
61.0
36.6
0.63
Mackay Pit
MRA6915
74.7
94.5
19.8
1.03
Mackay Pit
MRA6920
210.3
253.0
42.7
0.51
South Red Dot
MRA6928
205.7
251.5
45.7
0.46
South Red Dot
MRA6929
213.4
260.6
47.2
1.70
South Red Dot
(including)
217.9
234.7
16.8
3.36
South Red Dot

    



SSR Mining Inc.
PAGE 11




Hole ID
From (meters)
To (meters)
Width (meters)
Gold
 (g/t)
Area
MRA6937
243.8
309.4
65.5
0.48
South Red Dot
MRA6942
198.1
265.2
67.1
0.40
South Red Dot
MRA6943
262.1
303.3
41.1
0.85
South Red Dot
MRA6944
269.7
310.9
41.1
0.60
North Red Dot
and
342.9
457.2
114.3
0.79
North Red Dot
(including)
355.1
371.9
16.8
3.17
North Red Dot
Notes: Width in meters represents downhole intersected length, which may or may not be a true thickness of the mineralization. Drillholes presented in this table have gram-meter product greater than 20. “Width” may not equal the difference between “To” and “From” due to rounding.

Table 2. Collar locations from the exploration drill programs at the Marigold mine, Nevada, U.S. for the Exploration Period.

HOLE ID
UTM-N (Nad27 Zone11)
UTM-E (Nad27 Zone11)
Elevation (masl)
Azimuth (deg.)
Dip (deg.)
Length (meters)
Area
MRA6780
4507669
484606
1619
86
-71
459
Red Dot
MRA6786
4508647
484878
1558
91
-57
261
Red Dot
MRA6787
4507729
484922
1577
89
-81
367
Red Dot
MRA6788
4507029
484662
1608
86
-75
428
South Red Dot
MR6789
4507793
484814
1608
88
-89
428
Red Dot
MRA6790
4508005
484777
1590
91
-76
372
North Red Dot
MRA6791
4508157
485322
1540
89
-80
261
Mackay Pit
MRA6792
4508157
485322
1540
89
-60
245
Mackay Pit
MRA6793
4508035
485232
1539
91
-80
245
Mackay Pit
MRA6794
4507029
484754
1595
85
-75
404
South Red Dot
MRA6795
4507974
485331
1538
88
-60
276
Mackay Pit
MRA6796
4507974
485332
1538
87
-46
288
Mackay Pit
MRA6797
4507970
484759
1599
95
-75
425
North Red Dot
MRA6798
4507576
484903
1580
88
-81
367
Red Dot
MRA6799
4507908
484780
1610
89
-76
367
North Red Dot
MRA6800
4507939
484751
1608
90
-74
428
North Red Dot
MRA6801
4508282
484831
1571
91
-75
352
North Red Dot
MRA6802
4508003
484860
1569
88
-75
398
North Red Dot
MRA6803
4507303
485136
1615
79
-86
383
Mackay Pit
MRA6804
4507303
485137
1615
87
-76
367
Mackay Pit
MRA6805
4507711
484668
1612
91
-80
372
North Red Dot
MR6806
4508190
484821
1575
99
-89
383
North Red Dot
MRA6807
4508190
484821
1575
91
-74
349
North Red Dot
MRA6808
4507090
485018
1615
90
-69
367
Red Dot
MRA6809
4507425
484606
1605
87
-76
367
Red Dot
MRA6810
4507636
484906
1577
83
-75
367
Red Dot
MRA6811
4507636
484906
1577
83
-65
367
Red Dot
MRA6812
4507241
484588
1610
95
-80
428
Red Dot

    



SSR Mining Inc.
PAGE 12




HOLE ID
UTM-N (Nad27 Zone11)
UTM-E (Nad27 Zone11)
Elevation (masl)
Azimuth (deg.)
Dip (deg.)
Length (meters)
Area
MRA6813
4507413
485153
1610
83
-62
322
Red Dot
MRA6814
4508216
485507
1524
90
-71
255
Mackay Pit
MRA6815
4508188
485516
1524
89
-85
215
Mackay Pit
MRA6816
4507638
484831
1583
78
-75
383
Red Dot
MRA6817
4507152
484980
1599
84
-74
383
Red Dot
MRA6818
4507152
484980
1599
85
-65
383
Red Dot
MRA6819
4507878
484810
1616
90
-74
413
North Red Dot
MRA6820
4508095
485520
1523
88
-64
215
Mackay Pit
MRA6821
4508157
485398
1524
88
-64
215
Mackay Pit
MRA6822
4507633
485070
1584
85
-55
322
Red Dot
MRA6823
4507633
485071
1584
85
-64
322
Red Dot
MRA6824
4507432
485238
1629
91
-71
337
Mackay Pit
MRA6825
4507431
485238
1629
92
-51
352
Mackay Pit
MRA6826
4507610
485070
1588
86
-69
337
Red Dot
MRA6827
4507455
485240
1632
91
-75
337
Mackay Pit
MRA6828
4507576
485186
1608
87
-63
306
Red Dot
MRA6829
4507578
485011
1587
84
-79
347
Red Dot
MRA6830
4507578
485013
1587
93
-69
328
Red Dot
MRA6831
4507577
485186
1608
88
-55
306
Red Dot
MRA6832
4507577
485187
1608
86
-47
306
Red Dot
MRA6833
4507605
485170
1609
84
-65
322
Red Dot
MRA6834
4507394
484695
1595
84
-79
443
Red Dot
MRA6835
4507029
484839
1601
87
-69
383
South Red Dot
MRA6836
4507852
484710
1621
89
-76
428
North Red Dot
MRA6837
4507731
484900
1577
86
-81
367
North Red Dot
MRA6838
4507268
484609
1605
87
-84
459
Red Dot
MRA6839
4507721
484665
1611
79
-83
428
North Red Dot
MRA6840
4507029
485031
1618
85
-65
383
South Red Dot
MRA6841
4507029
485030
1618
82
-79
383
South Red Dot
MRA6842
4507608
484592
1607
84
-74
338
Red Dot
MRA6843
4507029
485031
1618
82
-54
383
South Red Dot
MRA6844
4507879
484742
1619
85
-83
459
North Red Dot
MRA6845
4508095
484743
1582
83
-76
459
North Red Dot
MRA6846
4507791
484722
1610
86
-73
413
North Red Dot
MRA6847
4507793
484673
1611
85
-80
209
North Red Dot
MRA6848
4506846
484970
1625
88
-56
401
South Red Dot
MRA6849
4508073
484808
1580
89
-71
459
North Red Dot
DDH6850
4507026
484885
1601
189
-78
366
Red Dot
DDH6851
4507077
484563
1609
59
-71
362
Red Dot
DDH6852
4507517
484713
1598
322
-78
350
Red Dot
MRA6853
4508154
484745
1580
85
-71
459
North Red Dot
MRA6854
4507853
484673
1623
84
-75
459
North Red Dot
MRA6855
4508157
484802
1578
86
-64
428
North Red Dot

    



SSR Mining Inc.
PAGE 13




HOLE ID
UTM-N (Nad27 Zone11)
UTM-E (Nad27 Zone11)
Elevation (masl)
Azimuth (deg.)
Dip (deg.)
Length (meters)
Area
MRA6856
4506694
485112
1626
93
-61
367
South Red Dot
MRA6857
4506692
484666
1616
89
-60
428
South Red Dot
MRA6858
4507671
484807
1591
82
-76
224
North Red Dot
MRA6859
4506994
484941
1605
86
-75
413
South Red Dot
MRA6860
4507850
484814
1615
87
-66
413
North Red Dot
MRA6861
4506994
484942
1605
85
-66
413
South Red Dot
MRA6862
4508126
484751
1581
83
-71
459
North Red Dot
MRA6863
4507946
484667
1612
87
-75
459
North Red Dot
DDH6864
4507212
484756
1591
89
-74
427
Red Dot
DDH6865
4507212
484808
1591
89
-75
400
Red Dot
MRA6866
4507975
484681
1612
86
-75
386
North Red Dot
MRA6867
4508030
484799
1586
85
-75
306
North Red Dot
DDH6868
4507181
484796
1592
88
-65
426
Red Dot
DDH6869
4507181
484759
1591
95
-69
397
Red Dot
MRA6870
4507919
484677
1620
83
-70
459
North Red Dot
MRA6871
4506692
484931
1614
91
-64
398
South Red Dot
MRA6872
4506788
485016
1626
92
-60
413
South Red Dot
MRA6873
4506814
484999
1626
89
-60
410
South Red Dot
MRA6874
4506878
484999
1625
86
-58
419
South Red Dot
MRA6875
4506731
485022
1626
88
-62
459
South Red Dot
DDH6876
4507181
484710
1599
86
-70
407
Red Dot
DDH6877
4507210
484698
1598
93
-75
433
Red Dot
MRA6878
4506907
484973
1625
88
-70
428
South Red Dot
MRA6879
4506905
484970
1625
86
-50
419
South Red Dot
MRA6880
4506953
485042
1621
109
-45
325
South Red Dot
MRA6881
4506694
484848
1608
88
-60
413
South Red Dot
MRA6882
4506691
485012
1626
88
-60
416
South Red Dot
MRA6883
4506815
484997
1626
93
-44
355
South Red Dot
MR6884
4506785
485012
1626
137
-89
398
South Red Dot
MRA6885
4506785
485012
1626
88
-79
398
South Red Dot
DDH6886
4507242
484794
1590
92
-67
442
Red Dot
MRA6887
4506729
485021
1626
88
-76
459
South Red Dot
DDH6888
4507242
484753
1590
90
-69
442
Red Dot
DDH6889
4507243
484688
1602
89
-69
442
Red Dot
MRA6890
4506694
485113
1626
88
-49
337
South Red Dot
MRA6891
4506847
484971
1625
88
-66
440
South Red Dot
MRA6892
4506847
484971
1625
86
-44
459
South Red Dot
MRA6893
4506907
484972
1625
89
-60
428
South Red Dot
MRA6894
4506785
485112
1625
90
-55
306
South Red Dot
MRA6895
4508098
485648
1495
267
-85
215
Mackay Pit
MRA6896
4508093
485649
1495
110
-80
215
Mackay Pit
MRA6897
4508095
485648
1495
93
-61
194
Mackay Pit
MRA6898
4508036
485639
1502
284
-75
215
Mackay Pit

    



SSR Mining Inc.
PAGE 14




HOLE ID
UTM-N (Nad27 Zone11)
UTM-E (Nad27 Zone11)
Elevation (masl)
Azimuth (deg.)
Dip (deg.)
Length (meters)
Area
MRA6899
4508035
485630
1503
283
-51
245
Mackay Pit
MRA6900
4508010
485570
1509
307
-74
215
Mackay Pit
MRA6901
4508010
485569
1509
310
-60
230
Mackay Pit
MR6902
4508010
485570
1509
269
-90
215
Mackay Pit
MRA6903
4508034
485631
1503
103
-80
215
Mackay Pit
MRA6904
4508035
485632
1502
86
-49
194
Mackay Pit
MRA6905
4508004
485574
1509
94
-74
215
Mackay Pit
MRA6906
4508004
485574
1509
89
-59
230
Mackay Pit
MRA6907
4507995
485541
1512
103
-53
245
Mackay Pit
MRA6908
4507995
485541
1512
98
-70
215
Mackay Pit
MR6909
4507975
485469
1519
217
-89
230
Mackay Pit
MRA6910
4507975
485470
1519
90
-69
245
Mackay Pit
MRA6912
4507943
485406
1528
88
-75
268
Mackay Pit
MR6913
4507943
485406
1528
106
-89
230
Mackay Pit
MRA6914
4507882
485355
1536
86
-84
245
Mackay Pit
MRA6915
4507914
485379
1532
93
-69
245
Mackay Pit
MR6916
4507856
485314
1541
128
-89
203
Mackay Pit
MRA6917
4507856
485314
1541
90
-80
276
Mackay Pit
MRA6918
4506655
485104
1629
92
-80
367
South Red Dot
MRA6919
4506654
485105
1629
88
-70
398
South Red Dot
MRA6920
4506654
485105
1629
91
-60
367
South Red Dot
MRA6921
4508217
485450
1478
92
-69
154
Mackay Pit
MRA6922
4508218
485413
1478
89
-70
123
Mackay Pit
MRA6923
4506601
485108
1629
90
-80
319
South Red Dot
MRA6924
4506601
485107
1629
91
-65
370
South Red Dot
MR6925
4506570
485110
1629
66
-89
367
South Red Dot
MRA6926
4506570
485110
1629
87
-74
367
South Red Dot
MR6927
4506634
485104
1629
270
-90
367
South Red Dot
MRA6928
4506551
485113
1629
87
-74
398
South Red Dot
MRA6929
4506570
485110
1629
89
-65
367
South Red Dot
MRA6930
4506551
485114
1629
91
-60
367
South Red Dot
MRA6931
4506725
485052
1626
88
-60
343
South Red Dot
MRA6932
4506754
485119
1625
87
-80
312
South Red Dot
MRA6933
4506662
485025
1627
94
-75
413
South Red Dot
MR6934
4506630
485015
1628
109
-89
379
South Red Dot
MRA6935
4506541
484991
1628
87
-75
453
South Red Dot
MRA6936
4506508
485046
1630
84
-69
331
South Red Dot
MRA6937
4506511
484991
1628
95
-69
383
South Red Dot
MRA6938
4506542
485047
1630
91
-74
337
South Red Dot
MRA6939
4506603
484982
1627
90
-71
367
South Red Dot
MR6940
4506572
484984
1628
87
-90
367
South Red Dot
MRA6941
4506572
484985
1628
86
-70
392
South Red Dot
MRA6942
4506602
484904
1615
92
-70
383
South Red Dot

    



SSR Mining Inc.
PAGE 15




HOLE ID
UTM-N (Nad27 Zone11)
UTM-E (Nad27 Zone11)
Elevation (masl)
Azimuth (deg.)
Dip (deg.)
Length (meters)
Area
MRA6943
4506843
484851
1606
87
-74
416
South Red Dot
MRA6944
4507913
484708
1623
84
-70
459
North Red Dot
MRA6945
4506877
484870
1606
91
-70
422
South Red Dot
MRA6946
4506877
484871
1606
93
-46
413
South Red Dot
MRA6947
4506872
484849
1604
86
-79
428
South Red Dot
MRA6948
4507825
485289
1545
91
-78
221
Mackay Pit
MRA6949
4507796
485267
1548
90
-74
276
Mackay Pit
MRA6950
4507796
485268
1548
88
-60
276
Mackay Pit
MRA6951
4507670
485080
1568
85
-69
367
North Red Dot
MRA6952
4508007
484718
1602
88
-76
459
North Red Dot
MRA6953
4508034
484699
1599
85
-75
459
North Red Dot
MR6954
4506752
484928
1611
123
-90
383
South Red Dot
MRA6955
4503250
485775
1792
91
-73
367
East Basalt
MRA6956
4503221
485762
1796
89
-68
367
East Basalt
MRA6957
4508006
484776
1590
84
-66
459
North Red Dot
MRA6958
4507974
484752
1601
85
-67
459
North Red Dot
MRA6959
4506693
484751
1605
92
-60
413
South Red Dot
MRA6960
4503545
485967
1838
90
-65
367
East Basalt
MRA6961
4503529
485944
1836
90
-75
367
East Basalt
MRA6962
4503529
485944
1836
85
-60
367
East Basalt
MRA6963
4504712
487137
1853
273
-65
343
Valmy
MR6964
4504651
487125
1851
36
-90
367
Valmy
MRA6965
4504625
487124
1851
263
-58
383
Valmy
MRA6967
4507943
484793
1603
88
-75
459
North Red Dot
MR6968
4503341
485894
1867
261
-89
367
East Basalt
MRA6969
4503341
485895
1867
88
-79
367
East Basalt
MRA6970
4503341
485895
1867
90
-70
367
East Basalt
MR6971
4504591
487116
1853
218
-89
411
Valmy
MR6972
4504589
487156
1856
321
-89
398
Valmy
MR6974
4505236
487534
1775
139
-89
367
Cross Fire
MR6975
4505205
487561
1773
135
-89
428
Cross Fire
MR6976
4504432
487363
1895
324
-89
440
Valmy
MRA6977
4504289
487504
1921
267
-73
398
Valmy
MRA6978
4504956
487459
1858
264
-64
459
Cross Fire
MRA6979
4504955
487455
1858
275
-65
410
Cross Fire

Notes: The numerical gaps in the drillhole sequence result from drillholes reported previously or drillholes expected to be drilled in 2019. Data is provided if the drillhole has a Mineral Resource intercept of at least six meters at 0.3 g/t gold.







    



SSR Mining Inc.
PAGE 16




Table 3. Selected drillhole results from Seabee Gold Operation, Saskatchewan, Canada for the Exploration Period.

Hole ID
From (meters)
To (meters)
Mine E (midpoint)1
Mine N (midpoint)1
Elevation (midpoint)1
Gold (g/t)2
True Width (meters)
Zone
SUG-18-023
454.9
461.6
3754.0
5307.0
-784.3
20.17
2.08
Santoy 9A
SUG-18-636
200.6
213.6
4101.4
5258.6
-423.1
9.96
10.66
Gap HW
SUG-18-637
174.8
188.7
4120.0
5229.6
-393.0
4.48
11.75
Gap HW
SUG-18-638
196.5
210.0
4115.1
5255.2
-417.5
6.59
10.16
Gap HW
SUG-18-639
286.5
297.0
4123.9
5347.7
-441.9
4.21
7.05
Gap HW
SUG-18-641
384.0
390.4
3996.9
5395.7
-550.3
5.33
1.70
Gap HW
JOY-18-837
682.2
686.2
3674.9
5171.2
-672.4
18.08
3.14
Santoy 9A
JOY-18-850
15.2
15.8
4318.4
4727.5
-1.1
23.50
0.56
Santoy 9C
JOY-18-851
29.6
33.0
4318.8
4736.9
-20.5
9.43
2.02
Santoy 9C
SUG-18-967
160.5
163.6
4222.2
5287.1
-616.7
18.15
2.38
Santoy 8A
SUG-18-968
218.6
223.1
4226.9
5329.7
-672.2
19.23
2.65
Santoy 8A
SUG-18-978
212.7
220.3
4156.7
5305.9
-663.5
9.78
5.04
Santoy 8A
SUG-19-006
135.5
139.9
4464.5
5103.8
-109.0
23.27
4.00
Gap HW
SUG-19-009
238.9
244.5
4357.2
5143.7
-168.1
4.88
2.19
Gap HW
SUG-19-012
134.3
138.6
4482.7
5137.5
-98.8
5.05
3.95
Gap HW
SUG-19-013
210.0
222.2
4398.5
5176.7
-183.5
9.26
5.30
Gap HW
SUG-19-600
216.0
221.5
4087.6
5267.4
-439.3
10.98
4.06
Gap HW
SUG-19-601
266.0
313.7
4064.0
5333.0
-481.4
7.01
18.20
Gap HW
SUG-19-602
377.2
384.0
4018.3
5403.4
-542.3
5.70
3.50
Gap HW
SUG-19-604
507.2
514.5
4062.5
5552.3
-529.6
8.44
3.95
Gap HW
SUG-19-605
435.0
441.0
4209.1
5494.9
-458.4
13.72
4.24
Gap HW
SUG-19-606
417.5
420.6
4235.2
5472.3
-435.9
6.28
2.20
Gap HW
JOY-19-852
330.0
333.7
4192.6
5182.2
-311.0
3.55
3.37
Gap HW
JOY-19-855
298.8
303.6
4249.9
5183.2
-283.5
12.04
4.06
Gap HW
JOY-19-856
266.5
274.9
4278.5
5173.7
-244.6
4.95
4.23
Gap HW
JOY-19-857
287.1
290.6
4274.3
5239.0
-284.6
4.20
3.18
Gap HW
JOY-19-860
401.6
405.7
4197.0
5293.0
-372.7
3.90
3.46
Gap HW
JOY-19-866
176.2
181.2
4355.5
5082.0
-133.4
4.07
4.93
Gap HW
JOY-19-882
192.2
195.0
4400.8
5071.7
-125.8
12.03
2.69
Gap HW
JOY-19-884
190.0
199.7
4451.4
5147.6
-129.2
4.28
9.48
Gap HW
JOY-19-886
187.6
195.0
4445.8
5227.5
-126.7
4.01
6.98
Gap HW
JOY-19-887
86.4
91.4
4408.4
5047.0
-80.9
4.86
4.51
Gap HW
JOY-19-888
89.7
100.1
4427.0
5060.6
-90.7
5.69
9.05
Gap HW
JOY-19-889
80.5
86.5
4454.1
5077.7
-72.9
12.95
4.93
Gap HW
JOY-19-890
112.0
118.7
4491.0
5095.5
-84.9
3.91
4.19
Gap HW
JOY-19-891
560.9
568.0
3993.5
5541.5
-539.0
9.16
5.80
Gap HW
and
582.0
585.2
3994.2
5535.2
-557.1
4.38
2.60
Gap HW
JOY-19-893
520.5
523.5
3955.2
5472.4
-466.3
7.09
2.90
Gap HW
and
647.0
654.1
3948.3
5402.0
-573.6
6.70
6.80
Gap HW
JOY-19-896
382.7
389.2
4440.8
5404.1
-364.2
5.73
3.40
Gap HW
and
490.4
495.0
4474.2
5381.2
-462.9
3.65
2.50
Gap HW

    



SSR Mining Inc.
PAGE 17




Hole ID
From (meters)
To (meters)
Mine E (midpoint)1
Mine N (midpoint)1
Elevation (midpoint)1
Gold (g/t)2
True Width (meters)
Zone
JOY-19-900
647.6
655.4
3988.4
5345.4
-540.5
11.05
5.80
Gap HW
SUG-19-900
281.5
283.1
4091.4
5321.0
-708.5
10.32
0.93
Santoy 8A
SUG-19-902
317.0
322.5
4123.3
5315.4
-756.8
11.51
3.51
Santoy 9A
SUG-19-903
380.7
383.9
4004.2
5304.0
-775.8
8.04
1.78
Santoy 9A
SUG-19-906
293.2
295.1
4131.2
5288.7
-738.0
41.43
1.32
Santoy 9A
BAT-19-001 3
113.3
114.8
600364.0
6168678.0
377.0
6.28
1.49
Riddler
BAT-19-002 3
72.0
72.5
600343.0
6168732.0
410.0
6.08
0.50
Riddler
BAT-19-003 3
188.6
189.6
600271.0
6169032.0
280.0
6.36
1.00
Riddler
JOY-19-871 3
69.2
70.1
600204.0
6169731.0
376.0
5.77
0.90
Santoy 8E
JOY-19-873 3
283.2
284.7
600029.0
6170017.0
176.0
5.97
1.50
Santoy 8E
EDD-19-008 3
197.0
197.9
598896.0
6164849.0
251.0
3.57
0.89
DD
FIS-18-021 3
255.2
255.9
604073.0
6160289.0
214.0
9.73
0.66
Mac
FIS-19-030 3
138.5
140.0
604061.0
6160681.0
273.0
6.80
1.50
Mac
FIS-19-035 3
107.5
109.0
603929.0
6161441.0
300.0
7.31
1.55
Mac
and
362.2
366.4
603787.0
6161422.0
88.0
3.76
4.18
Mac
(including)
365.6
366.4
603786.0
6161422.0
87.0
13.72
0.73
Mac

Notes: Drillholes presented in this table have gram-meter product greater than 9. For the Riddler, Santoy 8E, DD and Mac areas, width in meters represents downhole intersected length, which may or may not be a true thickness of the mineralization.
1 Midpoints of the intercept determined where mineralized structure intersected. 
2 Gold values cut to 75 g/t.
3 Coordinates in UTM NAD83 Zone 13 Datum.

Sampling and Analytical Procedures

All drill samples in respect of the Marigold mine drilling program were sent for processing and analysis to the offices of American Assay Laboratories, Inc. (“AAL”) in Sparks, Nevada which is an ISO 17025 accredited laboratory independent from SSR Mining. Fire assay was completed on a 30-gram sample (AAL method code FA-PB30-ICP) with an Inductively Coupled Plasma finish after a two acid digestion. Samples with assay results greater than 10 g/t gold were fire assayed on a 30-gram sample (AAL method code Grav Au30) with a gravimetric finish. We employ a rigorous Quality Assurance/Quality Control (“QA/QC”) program, which includes real-time assay quality monitoring through the regular insertion of blanks, duplicates, and certified reference material, as well as reviewing laboratory-provided QA/QC data.

All drill samples in respect of the Seabee Gold Operation drilling program were assayed by our onsite non-accredited assay laboratory, which is not independent from SSR Mining. Duplicate check assays were conducted at site as well as at TSL Laboratories Inc. in Saskatoon, Saskatchewan, which is independent from SSR Mining. Results of the spot checks were consistent with those reported. Sampling interval was established by minimum or maximum sampling lengths and geological and/or structural criteria. Two hundred gram samples were pulverized until greater than 80 percent passed through 150 mesh screen. Thirty-gram pulp samples were then analyzed for gold by fire assay with gravimetric finish (0.01 g/t gold detection limit).


    



SSR Mining Inc.
PAGE 18




Qualified Persons

The scientific and technical data contained in this news release relating to the Marigold mine has been reviewed and approved by James N. Carver, SME Registered Member and a qualified person under National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Carver is our Chief Geologist at the Marigold mine. The scientific and technical data contained in this news release relating to the Seabee Gold Operation has been reviewed and approved by Jeffrey Kulas, P. Geo., a qualified person under NI 43-101. Mr. Kulas is our Manager Geology, Mining Operations at the Seabee Gold Operation. The qualified persons have verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying such information, and are not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein.

About SSR Mining

SSR Mining Inc. is a Canadian-based precious metals producer with three operations, including the Marigold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the 75%-owned and operated Puna Operations joint venture in Jujuy, Argentina. We also have two feasibility stage projects and a portfolio of exploration properties in North and South America. We are committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.


SOURCE: SSR Mining Inc.


For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: invest@ssrmining.com

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


Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”) concerning the anticipated developments in our operations in future periods, and other events or conditions that may occur or exist in the future. All statements, other than statements of historical fact, are forward-looking statements.


    



SSR Mining Inc.
PAGE 19




Generally, forward-looking statements can be identified by the use of words or phrases such as “expects,” “anticipates,” “plans,” “projects,” “estimates,” “assumes,” “intends,” “strategy,” “goals,” “objectives,” “potential,” or variations thereof, or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions. The forward-looking statements in this news release relate to, among other things: our ability to discover and increase Mineral Resources, replace and increase Mineral Reserves, convert Mineral Resources to Mineral Reserves and convert Inferred Mineral Resources to Indicated Mineral Resources at the Marigold mine and the Seabee Gold Operation, including (a) converting Mineral Resources and adding Mineral Reserves at Red Dot at year-end 2019 and increasing Mineral Resources and Mineral Reserves at the Marigold mine at year-end 2019 and (b) increasing Mineral Resources at Santoy Gap HW at year-end 2019, increasing Inferred Mineral Resources near the Santoy mine at year-end 2019 and adding Inferred Mineral Resources at the Seabee Gold Operation and Fisher property at year-end 2019; expected timing for our exploration program at the Trenton Canyon property in the third quarter of 2019; expected timing for evaluation of Santoy GAP HW mining alternatives in 2020; our expected drill programs at each of the Marigold mine, the Seabee Gold Operation and the Pitarrilla project; estimated mine life, including anticipated extension of the mine life of the Marigold mine and the Seabee Gold Operation; estimated project economics; anticipated timing for the commencement of drilling at the Pitarrilla project in the second half of 2020; future production of gold, silver and other metals; estimated production rates for gold, silver and other metals produced by us; ongoing or future development plans and capital replacement, improvement or remediation programs; and our plans and expectations for our properties and operations.


    



SSR Mining Inc.
PAGE 20




These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, the following: uncertainty of production, development plans and cost estimates for the Marigold mine, the Seabee Gold Operation, Puna Operations and our projects; our ability to replace Mineral Reserves; commodity price fluctuations; political or economic instability and unexpected regulatory changes; currency fluctuations; the possibility of future losses; general economic conditions; counterparty and market risks related to the sale of our concentrates and metals; uncertainty in the accuracy of Mineral Reserves and Mineral Resources estimates and in our ability to extract mineralization profitably; differences in U.S. and Canadian practices for reporting Mineral Reserves and Mineral Resources; lack of suitable infrastructure or damage to existing infrastructure; future development risks, including start-up delays and cost overruns; our ability to obtain adequate financing for further exploration and development programs and opportunities; uncertainty in acquiring additional commercially mineable mineral rights; delays in obtaining or failure to obtain governmental permits, or non-compliance with our permits; our ability to attract and retain qualified personnel and management; the impact of governmental regulations, including health, safety and environmental regulations, including increased costs and restrictions on operations due to compliance with such regulations; unpredictable risks and hazards related to the development and operation of a mine or mineral property that are beyond our control; reclamation and closure requirements for our mineral properties; potential labour unrest, including labour actions by our unionized employees at Puna Operations; indigenous peoples' title claims and rights to consultation and accommodation may affect our existing operations as well as development projects and future acquisitions; certain transportation risks that could have a negative impact on our ability to operate; assessments by taxation authorities in multiple jurisdictions; recoverability of value added tax and Puna credits balance and significant delays in the collection process in Argentina; claims and legal proceedings, including adverse rulings in litigation against us and/or our directors or officers; compliance with anti-corruption laws and internal controls, and increased regulatory compliance costs; complying with emerging climate change regulations and the impact of climate change; fully realizing our interest in deferred consideration received in connection with recent divestitures; fully realizing the value of our shareholdings in our marketable securities, due to changes in price, liquidity or disposal cost of such marketable securities; uncertainties related to title to our mineral properties and the ability to obtain surface rights; the sufficiency of our insurance coverage; civil disobedience in the countries where our mineral properties are located; operational safety and security risks; actions required to be taken by us under human rights law; competition in the mining industry for mineral properties; our ability to complete and successfully integrate an announced acquisition; reputation loss resulting in decreased investor confidence; increased challenges in developing and maintaining community relations and an impediment to our overall ability to advance our projects; risks normally associated with the conduct of joint ventures; an event of default under our 2013 convertible notes or our 2019 convertible notes may significantly reduce our liquidity and adversely affect our business; failure to meet covenants under our senior secured revolving credit facility; information systems security threats; conflicts of interest that could arise from certain of our directors' and officers' involvement with other natural resource companies; other risks related to our common shares; and those other various risks and uncertainties identified under the heading “Risk Factors” in our most recent Annual Information Form filed with the Canadian securities regulatory authorities and included in our most recent Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (“SEC”).


    



SSR Mining Inc.
PAGE 21




This list is not exhaustive of the factors that may affect any of our forward-looking statements. Our forward-looking statements are based on what our management currently considers to be reasonable assumptions, beliefs, expectations and opinions based on the information currently available to it. Assumptions have been made regarding, among other things: our ability to carry on our exploration and development activities; our ability to meet our obligations under our property agreements; the timing and results of drilling programs; the discovery of Mineral Resources and Mineral Reserves on our mineral properties; the timely receipt of required approvals and permits, including those approvals and permits required for successful project permitting, construction and operation of our projects; the price of the minerals we produce; the costs of operating and exploration expenditures; our ability to operate in a safe, efficient and effective manner; our ability to obtain financing as and when required and on reasonable terms; our ability to continue operating the Marigold mine and the Seabee Gold Operation; dilution and mining recovery assumptions; the success of mining, processing, exploration and development activities; the accuracy of geological, mining and metallurgical estimates; no significant unanticipated operational or technical difficulties; maintaining good relations with the communities surrounding the Marigold mine and the Seabee Gold Operation; no significant events or changes relating to regulatory, environmental, health and safety matters; certain tax matters; and no significant and continuing adverse changes in general economic conditions or conditions in the financial markets (including commodity prices, foreign exchange rates and inflation rates). You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. We cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management’s assumptions may prove to be incorrect. Our forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and we do not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the SEC set out in SEC Industry Guide 7. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Under SEC standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically produced or extracted at the time the reserve determination is made. In addition, the SEC’s disclosure standards normally do not permit the inclusion of information concerning “Measured Mineral Resources,” “Indicated Mineral Resources” or “Inferred Mineral Resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. U.S. investors should understand that “Inferred Mineral Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Moreover, the requirements of NI 43-101 for identification of “reserves” are also not the same as those of the SEC, and reserves reported by us in compliance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.


    



SSR Mining Inc.
PAGE 22