Highlights from drilling embrace the next stepout holes:
- 40.7 metres of seven.48 g/t gold (together with 5 metres of 29.99 g/t gold) from 155 metres depth in gap AR274;
- 24.5 metres of 4.18 g/t gold (together with 1 metre of 35.1 g/t gold) from 246 metres in gap AR280; and
- 62.7 metres of two.98 g/t gold (together with 3.4 metres of 13.43 g/t gold) from 163 metres in gap AR356.
SSR accomplished a optimistic preliminary financial evaluation final November for its 80%-owned Copler district, together with the Copler mine, which produces sulphide ore and Ardich, a predominately oxide deposit.
The corporate says Ardich is a key natural progress initiative, with the PEA highlighting the potential for the deposit to contribute 1.1 million oz. of gold over an 11-year mine life for a capital funding of C$50 million.
SSR presently has seven drills onsite at Ardich conducting infill and stepout drilling.
“These are nice outcomes and we’re keen to construct them into our fashions as we intention to each enhance on the Ardich PEA case introduced within the present technical report and ship an preliminary mineral reserve assertion for the challenge,” stated Rod Antal, SSR’s president and CEO. “Allowing and different works required to deliver Ardich into manufacturing proceed in parallel with the exploration and useful resource definition drilling.”
The corporate additionally accomplished a supplemental flotation circuit at its sulphide processing plant at Copler in June. Commissioning and rampup are anticipated to be full within the third quarter.
Ardich is positioned 1.5 km north of SSR’s 50%-owed Cakmakepe mine (an oxide deposit), itself positioned about 5 km away from its 80%-owned Copler operation. Many of the sources up to now outlined at Ardich (96%) are on floor that’s 80% held by SSR.
The Copler mine is anticipated to supply 310,000 to 340,000 oz. gold this yr at all-in sustaining prices of $760-810 per oz.
(This text first appeared within the Canadian Mining Journal)