Good News today: SSR Mining Provides November 2018 Exploration UpdateSeabee Gold Operation, Canada
At the Seabee Gold Operation, total year to date diamond drilling includes 35,258 meters from underground in 104 holes and 15,390 meters from surface in 61 holes. Recent results increase confidence in the continuity of gold mineralization at Santoy Gap HW (see Figure 1). Drilling during the third quarter at Santoy Gap HW included results from 30 drill holes. These holes, along with exploration results since September 2017, have provided clarity to the controlling structure along with continued high grade gold intercepts. These are found on the footwall side of an S-folded attenuated granodiorite intrusion that dips and plunges in a similar manner to the Santoy Gap deposits. On the 46 level, as shown in Figures 2 and 3, this mineralized zone is located 100 meters from existing infrastructure, and can be accessed easily.
We expect this new discovery at Santoy Gap HW to contribute new, additional Mineral Resources when we report our Mineral Resources and Mineral Reserves estimates for year-end 2018.
At Santoy 8A we completed 72 holes in the Exploration Period towards converting Inferred Mineral Resources to Indicated Mineral Resources, and this work is on-going. Results to date have been positive and increase our confidence that the majority of the Santoy 8A area that we have drilled will be upgraded in classification providing additional Mineral Reserves at year-end 2018.
At the early-stage Fisher project our objective is to discover a new zone with Inferred Mineral Resource potential. Work during 2018 has comprised mapping, prospecting, soil and overburden sampling, and drilling of 18 holes for a total of 10,416 meters. Results from the prospecting and drilling have identified new gold bearing quartz vein shear zone exposures, while the first pass drill results have yielded anomalous gold results. The widespread nature of the gold occurrences at Fisher and their geologic similarities to the Seabee and Santoy mines reinforces our view of prospectivity of this extensive property package. Drilling is
presently underway on these new targets.
The Fisher project includes Taiga's ground. TGC closed at a dime today!