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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 ANNOUNCES POSITIVE EXPLORATION RESULTS FOR THE ÇAKMAKTEPE EXTENSION PROJECT (ARDICH), INCLUDING 28.3 METERS AT 8.23 G/T AU
PR Newswire
DENVER, Oct. 5, 2022

DENVER, Oct. 5, 2022 /PRNewswire/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (A…

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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

PR Newswire

DENVER, Oct. 5, 2022 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") is pleased to announce positive results from 151 diamond drill holes for the Çakmaktepe Extension (Ardich) 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 ("TRS") 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 ("EIA") 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.

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.)

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.

SSR Mining Contacts:

F. Edward Farid, Executive Vice President, Chief Corporate Development Officer
Alex Hunchak, Director, Corporate Development and Investor Relations

SSR Mining Inc.
E-Mail: invest@ssrmining.com
Phone: +1 (888) 338-0046

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 Information

Except for statements of historical fact relating to us, certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information may be contained in this document and our other public filings. Forward-looking information relates to statements concerning our outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.

Forward-looking information and statements in this news release are based on certain key expectations and assumptions made by us. Although we believe that the expectations and assumptions on which such forward-looking information and statements are based are reasonable, undue reliance should not be placed on the forward-looking information and statements because we can give no assurance that they will prove to be correct. Forward-looking information and statements are subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release. The key risks and uncertainties include, but are not limited to: local and global political and economic conditions; governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, government ownership requirements, changes in environmental, tax and other laws or regulations and the interpretation thereof; developments with respect to the COVID-19 pandemic, including the duration, severity and scope of the pandemic and potential impacts on mining operations; and other risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission on EDGAR and the Canadian securities regulatory authorities on SEDAR.

Forward-looking information and statements in this news release include any statements concerning, among other things: preliminary cost reporting in this document; production, operating, cost, and capital expenditure guidance; our operational and development targets and catalysts and the impact of any suspension on operations; forecasts and outlook, including related to production guidance; timing and expectations regarding the impact of any interruptions caused on our operations; the results of any gold reconciliations; the ability to discover additional oxide gold ore; matters relating to proposed exploration; communications with local stakeholders; maintaining community and government relations; negotiations of joint ventures; negotiation and completion of transactions; commodity prices; Mineral Resources, Mineral Reserves, conversion of Mineral Resources, realization of Mineral Reserves, and the existence or realization of Mineral Resource estimates; the development approach; the timing and amount of future production; the timing of studies, announcements, and analysis; the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.

Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of our filings on EDGAR and SEDAR, and include: the inherent speculative nature of exploration results; the ability to explore; communications with local stakeholders; maintaining community and governmental relations; status of negotiations of joint ventures; weather conditions at our operations; commodity prices; the ultimate determination of and realization of Mineral Reserves; existence or realization of Mineral Resources; the development approach; availability and receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; interest rates; access to capital markets and associated cost of funds; availability of a qualified work force; ability to negotiate, finalize, and execute relevant agreements; lack of social opposition to our mines or facilities; lack of legal challenges with respect to our properties; the timing and amount of future production; the ability to meet production, cost, and capital expenditure targets; timing and ability to produce studies and analyses; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process, and sell mineral products on economically favorable terms; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, geopolitical, regulatory and political factors that may influence future events or conditions. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

The above list is not exhaustive of the factors that may affect any of the Company's forward-looking information. You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in our filings on our website at www.ssrmining.com, on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au and other unforeseen events or circumstances. Other than as required by law, we do not intend, and undertake no obligation to update any forward-looking information to reflect, among other things, new information or future events. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

Qualified Persons

The scientific and technical information concerning our mineral projects in this news release have been reviewed and approved by a "qualified person" under S-K 1300. For details on the "qualified persons" approving such information, a description of the key assumptions, parameters and methods used to estimate mineral reserves and mineral resources for SSR Mining Inc.'s material properties included in this news release, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors, please review the Technical Report Summaries for each of the Company's material properties which are available at www.sec.gov.

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

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ssr-mining-announces-positive-exploration-results-for-the-cakmaktepe-extension-project-ardich-including-28-3-meters-at-8-23-gt-au-301641070.html

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Government

The War Between Knowledge And Stupidity

The War Between Knowledge And Stupidity

Authored by Bert Olivier via The Brownstone Institute,

Bernard Stiegler was, until his premature…

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The War Between Knowledge And Stupidity

Authored by Bert Olivier via The Brownstone Institute,

Bernard Stiegler was, until his premature death, probably the most important philosopher of technology of the present. His work on technology has shown us that, far from being exclusively a danger to human existence, it is a pharmakon – a poison as well as a cure – and that, as long as we approach technology as a means to ‘critical intensification,’ it could assist us in promoting the causes of enlightenment and freedom.

It is no exaggeration to say that making believable information and credible analysis available to citizens at present is probably indispensable for resisting the behemoth of lies and betrayal confronting us. This has never been more necessary than it is today, given that we face what is probably the greatest crisis in the history of humanity, with nothing less than our freedom, let alone our lives, at stake. 

To be able to secure this freedom against the inhuman forces threatening to shackle it today, one could do no better than to take heed of what Stiegler argues in States of Shock: Stupidity and Knowledge in the 21st Century (2015). Considering what he writes here it is hard to believe that it was not written today (p. 15): 

The impression that humanity has fallen under the domination of unreason or madness [déraison] overwhelms our spirit, confronted as we are with systemic collapses, major technological accidents, medical or pharmaceutical scandals, shocking revelations, the unleashing of the drives, and acts of madness of every kind and in every social milieu – not to mention the extreme misery and poverty that now afflict citizens and neighbours both near and far.

While these words are certainly as applicable to our current situation as it was almost 10 years ago, Stiegler was in fact engaged in an interpretive analysis of the role of banks and other institutions – aided and abetted by certain academics – in the establishment of what he terms a ‘literally suicidal financial system’ (p. 1). (Anyone who doubts this can merely view the award-winning documentary film of 2010, Inside Job, by Charles Ferguson, which Stiegler also mentions on p.1.) He explains further as follows (p. 2): 

Western universities are in the grip of a deep malaise, and a number of them have found themselves, through some of their faculty, giving consent to – and sometimes considerably compromised by – the implementation of a financial system that, with the establishment of hyper-consumerist, drive-based and ‘addictogenic’ society, leads to economic and political ruin on a global scale. If this has occurred, it is because their goals, their organizations and their means have been put entirely at the service of the destruction of sovereignty. That is, they have been placed in the service of the destruction of sovereignty as conceived by the philosophers of what we call the Enlightenment…

In short, Stiegler was writing about the way in which the world was being prepared, across the board – including the highest levels of education – for what has become far more conspicuous since the advent of the so-called ‘pandemic’ in 2020, namely an all-out attempt to cause the collapse of civilisation as we knew it, at all levels, with the thinly disguised goal in mind of installing a neo-fascist, technocratic, global regime which would exercise power through AI-controlled regimes of obedience. The latter would centre on ubiquitous facial recognition technology, digital identification, and CBDCs (which would replace money in the usual sense). 

Given the fact that all of this is happening around us, albeit in a disguised fashion, it is astonishing that relatively few people are conscious of the unfolding catastrophe, let alone being critically engaged in disclosing it to others who still inhabit the land where ignorance is bliss. Not that this is easy. Some of my relatives are still resistant to the idea that the ‘democratic carpet’ is about to be pulled from under their feet. Is this merely a matter of ‘stupidity?’ Stiegler writes about stupidity (p.33):

…knowledge cannot be separated from stupidity. But in my view: (1) this is a pharmacological situation; (2) stupidity is the law of the pharmakon; and (3) the pharmakon is the law of knowledge, and hence a pharmacology for our age must think the pharmakon that I am also calling, today, the shadow. 

In my previous post I wrote about the media as pharmaka (plural of pharmakon), showing how, on the one hand, there are (mainstream) media which function as ‘poison,’ while on the other there are (alternative) media that play the role of ‘cure.’ Here, by linking the pharmakon with stupidity, Stiegler alerts one to the (metaphorically speaking) ‘pharmacological’ situation, that knowledge is inseparable from stupidity: where there is knowledge, the possibility of stupidity always asserts itself, and vice versa. Or in terms of what he calls ‘the shadow,’ knowledge always casts a shadow, that of stupidity. 

Anyone who doubts this may only cast their glance at those ‘stupid’ people who still believe that the Covid ‘vaccines’ are ‘safe and effective,’ or that wearing a mask would protect them against infection by ‘the virus.’ Or, more currently, think of those – the vast majority in America – who routinely fall for the Biden administration’s (lack of an) explanation of its reasons for allowing thousands of people to cross the southern – and more recently also the northern – border. Several alternative sources of news and analysis have lifted the veil on this, revealing that the influx is not only a way of destabilising the fabric of society, but possibly a preparation for civil war in the United States. 

There is a different way of explaining this widespread ‘stupidity,’ of course – one that I have used before to explain why most philosophers have failed humanity miserably, by failing to notice the unfolding attempt at a global coup d’etat, or at least, assuming that they did notice it, to speak up against it. These ‘philosophers’ include all the other members of the philosophy department where I work, with the honourable exception of the departmental assistant, who is, to her credit, wide awake to what has been occurring in the world. They also include someone who used to be among my philosophical heroes, to wit, Slavoj Žižek, who fell for the hoax hook, line, and sinker.

In brief, this explanation of philosophers’ stupidity – and by extension that of other people – is twofold. First there is ‘repression’ in the psychoanalytic sense of the term (explained at length in both the papers linked in the previous paragraph), and secondly there is something I did not elaborate on in those papers, namely what is known as ‘cognitive dissonance.’ The latter phenomenon manifests itself in the unease that people exhibit when they are confronted by information and arguments that are not commensurate, or conflict, with what they believe, or which explicitly challenge those beliefs. The usual response is to find standard, or mainstream-approved responses to this disruptive information, brush it under the carpet, and life goes on as usual.

‘Cognitive dissonance’ is actually related to something more fundamental, which is not mentioned in the usual psychological accounts of this unsettling experience. Not many psychologists deign to adduce repression in their explanation of disruptive psychological conditions or problems encountered by their clients these days, and yet it is as relevant as when Freud first employed the concept to account for phenomena such as hysteria or neurosis, recognising, however, that it plays a role in normal psychology too. What is repression? 

In The Language of Psychoanalysis (p. 390), Jean Laplanche and Jean-Bertrand Pontalis describe ‘repression’ as follows: 

Strictly speaking, an operation whereby the subject attempts to repel, or to confine to the unconscious, representations (thoughts, images, memories) which are bound to an instinct. Repression occurs when to satisfy an instinct – though likely to be pleasurable in itself – would incur the risk of provoking unpleasure because of other requirements. 

 …It may be looked upon as a universal mental process to so far as it lies at the root of the constitution of the unconscious as a domain separate from the rest of the psyche. 

In the case of the majority of philosophers, referred to earlier, who have studiously avoided engaging critically with others on the subject of the (non-)‘pandemic’ and related matters, it is more than likely that repression occurred to satisfy the instinct of self-preservation, regarded by Freud as being equally fundamental as the sexual instinct. Here, the representations (linked to self-preservation) that are confined to the unconscious through repression are those of death and suffering associated with the coronavirus that supposedly causes Covid-19, which are repressed because of being intolerable. The repression of (the satisfaction of) an instinct, mentioned in the second sentence of the first quoted paragraph, above, obviously applies to the sexual instinct, which is subject to certain societal prohibitions. Cognitive dissonance is therefore symptomatic of repression, which is primary. 

Returning to Stiegler’s thesis concerning stupidity, it is noteworthy that the manifestations of such inanity are not merely noticeable among the upper echelons of society; worse – there seems to be, by and large, a correlation between those in the upper classes, with college degrees, and stupidity.

In other words, it is not related to intelligence per se. This is apparent, not only in light of the initially surprising phenomenon pertaining to philosophers’ failure to speak up in the face of the evidence, that humanity is under attack, discussed above in terms of repression. 

Dr Reiner Fuellmich, one of the first individuals to realise that this was the case, and subsequently brought together a large group of international lawyers and scientists to testify in the ‘court of public opinion’ (see 29 min. 30 sec. into the video) on various aspects of the currently perpetrated ‘crime against humanity,’ has drawn attention to the difference between the taxi drivers he talks to about the globalists’ brazen attempt to enslave humanity, and his learned legal colleagues as far as awareness of this ongoing attempt is concerned. In contrast with the former, who are wide awake in this respect, the latter – ostensibly more intellectually qualified and ‘informed’ – individuals are blissfully unaware that their freedom is slipping away by the day, probably because of cognitive dissonance, and behind that, repression of this scarcely digestible truth.

This is stupidity, or the ‘shadow’ of knowledge, which is recognisable in the sustained effort by those afflicted with it, when confronted with the shocking truth of what is occurring worldwide, to ‘rationalise’ their denial by repeating spurious assurances issued by agencies such as the CDC, that the Covid ‘vaccines’ are ‘safe and effective,’ and that this is backed up by ‘the science.’ 

Here a lesson from discourse theory is called for. Whether one refers to natural science or to social science in the context of some particular scientific claim – for example, Einstein’s familiar theory of special relativity (e=mc2) under the umbrella of the former, or David Riesman’s sociological theory of ‘inner-’ as opposed to ‘other-directedness’ in social science – one never talks about ‘the science,’ and for good reason. Science is science. The moment one appeals to ‘the science,’ a discourse theorist would smell the proverbial rat.

Why? Because the definite article, ‘the,’ singles out a specific, probably dubious, version of science compared to science as such, which does not need being elevated to special status. In fact, when this is done through the use of ‘the,’ you can bet your bottom dollar it is no longer science in the humble, hard-working, ‘belonging-to-every-person’ sense. If one’s sceptical antennae do not immediately start buzzing when one of the commissars of the CDC starts pontificating about ‘the science,’ one is probably similarly smitten by the stupidity that’s in the air. 

Earlier I mentioned the sociologist David Riesman and his distinction between ‘inner-directed’ and ‘other-directed’ people. It takes no genius to realise that, to navigate one’s course through life relatively unscathed by peddlers of corruption, it is preferable to take one’s bearings from ‘inner direction’ by a set of values which promotes honesty and eschews mendacity, than from the ‘direction by others.’ Under present circumstances such other-directedness applies to the maze of lies and misinformation emanating from various government agencies as well as from certain peer groups, which today mostly comprise the vociferously self-righteous purveyors of the mainstream version of events. Inner-directness in the above sense, when constantly renewed, could be an effective guardian against stupidity. 

Recall that Stiegler warned against the ‘deep malaise’ at contemporary universities in the context of what he called an ‘addictogenic’ society – that is, a society that engenders addictions of various kinds. Judging by the popularity of the video platform TikTok at schools and colleges, its use had already reached addiction levels by 2019, which raises the question, whether it should be appropriated by teachers as a ‘teaching tool,’ or whether it should, as some people think, be outlawed completely in the classroom.

Recall that, as an instance of video technology, TikTok is an exemplary embodiment of the pharmakon, and that, as Stiegler has emphasised, stupidity is the law of the pharmakon, which is, in turn, the law of knowledge. This is a somewhat confusing way of saying that knowledge and stupidity cannot be separated; where knowledge is encountered, its other, stupidity, lurks in the shadows. 

Reflecting on the last sentence, above, it is not difficult to realise that, parallel to Freud’s insight concerning Eros and Thanatos, it is humanly impossible for knowledge to overcome stupidity once and for all. At certain times the one will appear to be dominant, while on different occasions the reverse will apply. Judging by the fight between knowledge and stupidity today, the latter ostensibly still has the upper hand, but as more people are awakening to the titanic struggle between the two, knowledge is in the ascendant. It is up to us to tip the scales in its favour – as long as we realise that it is a never-ending battle. 

Tyler Durden Fri, 03/15/2024 - 23:00

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“I Can’t Even Save”: Americans Are Getting Absolutely Crushed Under Enormous Debt Load

"I Can’t Even Save": Americans Are Getting Absolutely Crushed Under Enormous Debt Load

While Joe Biden insists that Americans are doing great…

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"I Can't Even Save": Americans Are Getting Absolutely Crushed Under Enormous Debt Load

While Joe Biden insists that Americans are doing great - suggesting in his State of the Union Address last week that "our economy is the envy of the world," Americans are being absolutely crushed by inflation (which the Biden admin blames on 'shrinkflation' and 'corporate greed'), and of course - crippling debt.

The signs are obvious. Last week we noted that banks' charge-offs are accelerating, and are now above pre-pandemic levels.

...and leading this increase are credit card loans - with delinquencies that haven't been this high since Q3 2011.

On top of that, while credit cards and nonfarm, nonresidential commercial real estate loans drove the quarterly increase in the noncurrent rate, residential mortgages drove the quarterly increase in the share of loans 30-89 days past due.

And while Biden and crew can spin all they want, an average of polls from RealClear Politics shows that just 40% of people approve of Biden's handling of the economy.

Crushed

On Friday, Bloomberg dug deeper into the effects of Biden's "envious" economy on Americans - specifically, how massive debt loads (credit cards and auto loans especially) are absolutely crushing people.

Two years after the Federal Reserve began hiking interest rates to tame prices, delinquency rates on credit cards and auto loans are the highest in more than a decade. For the first time on record, interest payments on those and other non-mortgage debts are as big a financial burden for US households as mortgage interest payments.

According to the report, this presents a difficult reality for millions of consumers who drive the US economy - "The era of high borrowing costs — however necessary to slow price increases — has a sting of its own that many families may feel for years to come, especially the ones that haven’t locked in cheap home loans."

The Fed, meanwhile, doesn't appear poised to cut rates until later this year.

According to a February paper from IMF and Harvard, the recent high cost of borrowing - something which isn't reflected in inflation figures, is at the heart of lackluster consumer sentiment despite inflation having moderated and a job market which has recovered (thanks to job gains almost entirely enjoyed by immigrants).

In short, the debt burden has made life under President Biden a constant struggle throughout America.

"I’m making the most money I've ever made, and I’m still living paycheck to paycheck," 40-year-old Denver resident Nikki Cimino told Bloomberg. Cimino is carrying a monthly mortgage of $1,650, and has $4,000 in credit card debt following a 2020 divorce.

Nikki CiminoPhotographer: Rachel Woolf/Bloomberg

"There's this wild disconnect between what people are experiencing and what economists are experiencing."

What's more, according to Wells Fargo, families have taken on debt at a comparatively fast rate - no doubt to sustain the same lifestyle as low rates and pandemic-era stimmies provided. In fact, it only took four years for households to set a record new debt level after paying down borrowings in 2021 when interest rates were near zero. 

Meanwhile, that increased debt load is exacerbated by credit card interest rates that have climbed to a record 22%, according to the Fed.

[P]art of the reason some Americans were able to take on a substantial load of non-mortgage debt is because they’d locked in home loans at ultra-low rates, leaving room on their balance sheets for other types of borrowing. The effective rate of interest on US mortgage debt was just 3.8% at the end of last year.

Yet the loans and interest payments can be a significant strain that shapes families’ spending choices. -Bloomberg

And of course, the highest-interest debt (credit cards) is hurting lower-income households the most, as tends to be the case.

The lowest earners also understandably had the biggest increase in credit card delinquencies.

"Many consumers are levered to the hilt — maxed out on debt and barely keeping their heads above water," Allan Schweitzer, a portfolio manager at credit-focused investment firm Beach Point Capital Management told Bloomberg. "They can dog paddle, if you will, but any uptick in unemployment or worsening of the economy could drive a pretty significant spike in defaults."

"We had more money when Trump was president," said Denise Nierzwicki, 69. She and her 72-year-old husband Paul have around $20,000 in debt spread across multiple cards - all of which have interest rates above 20%.

Denise and Paul Nierzwicki blame Biden for what they see as a gloomy economy and plan to vote for the Republican candidate in November.
Photographer: Jon Cherry/Bloomberg

During the pandemic, Denise lost her job and a business deal for a bar they owned in their hometown of Lexington, Kentucky. While they applied for Social Security to ease the pain, Denise is now working 50 hours a week at a restaurant. Despite this, they're barely scraping enough money together to service their debt.

The couple blames Biden for what they see as a gloomy economy and plans to vote for the Republican candidate in November. Denise routinely voted for Democrats up until about 2010, when she grew dissatisfied with Barack Obama’s economic stances, she said. Now, she supports Donald Trump because he lowered taxes and because of his policies on immigration. -Bloomberg

Meanwhile there's student loans - which are not able to be discharged in bankruptcy.

"I can't even save, I don't have a savings account," said 29-year-old in Columbus, Ohio resident Brittany Walling - who has around $80,000 in federal student loans, $20,000 in private debt from her undergraduate and graduate degrees, and $6,000 in credit card debt she accumulated over a six-month stretch in 2022 while she was unemployed.

"I just know that a lot of people are struggling, and things need to change," she told the outlet.

The only silver lining of note, according to Bloomberg, is that broad wage gains resulting in large paychecks has made it easier for people to throw money at credit card bills.

Yet, according to Wells Fargo economist Shannon Grein, "As rates rose in 2023, we avoided a slowdown due to spending that was very much tied to easy access to credit ... Now, credit has become harder to come by and more expensive."

According to Grein, the change has posed "a significant headwind to consumption."

Then there's the election

"Maybe the Fed is done hiking, but as long as rates stay on hold, you still have a passive tightening effect flowing down to the consumer and being exerted on the economy," she continued. "Those household dynamics are going to be a factor in the election this year."

Meanwhile, swing-state voters in a February Bloomberg/Morning Consult poll said they trust Trump more than Biden on interest rates and personal debt.

Reverberations

These 'headwinds' have M3 Partners' Moshin Meghji concerned.

"Any tightening there immediately hits the top line of companies," he said, noting that for heavily indebted companies that took on debt during years of easy borrowing, "there's no easy fix."

Tyler Durden Fri, 03/15/2024 - 18:00

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Sylvester researchers, collaborators call for greater investment in bereavement care

MIAMI, FLORIDA (March 15, 2024) – The public health toll from bereavement is well-documented in the medical literature, with bereaved persons at greater…

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MIAMI, FLORIDA (March 15, 2024) – The public health toll from bereavement is well-documented in the medical literature, with bereaved persons at greater risk for many adverse outcomes, including mental health challenges, decreased quality of life, health care neglect, cancer, heart disease, suicide, and death. Now, in a paper published in The Lancet Public Health, researchers sound a clarion call for greater investment, at both the community and institutional level, in establishing support for grief-related suffering.

Credit: Photo courtesy of Memorial Sloan Kettering Comprehensive Cancer Center

MIAMI, FLORIDA (March 15, 2024) – The public health toll from bereavement is well-documented in the medical literature, with bereaved persons at greater risk for many adverse outcomes, including mental health challenges, decreased quality of life, health care neglect, cancer, heart disease, suicide, and death. Now, in a paper published in The Lancet Public Health, researchers sound a clarion call for greater investment, at both the community and institutional level, in establishing support for grief-related suffering.

The authors emphasized that increased mortality worldwide caused by the COVID-19 pandemic, suicide, drug overdose, homicide, armed conflict, and terrorism have accelerated the urgency for national- and global-level frameworks to strengthen the provision of sustainable and accessible bereavement care. Unfortunately, current national and global investment in bereavement support services is woefully inadequate to address this growing public health crisis, said researchers with Sylvester Comprehensive Cancer Center at the University of Miami Miller School of Medicine and collaborating organizations.  

They proposed a model for transitional care that involves firmly establishing bereavement support services within healthcare organizations to ensure continuity of family-centered care while bolstering community-based support through development of “compassionate communities” and a grief-informed workforce. The model highlights the responsibility of the health system to build bridges to the community that can help grievers feel held as they transition.   

The Center for the Advancement of Bereavement Care at Sylvester is advocating for precisely this model of transitional care. Wendy G. Lichtenthal, PhD, FT, FAPOS, who is Founding Director of the new Center and associate professor of public health sciences at the Miller School, noted, “We need a paradigm shift in how healthcare professionals, institutions, and systems view bereavement care. Sylvester is leading the way by investing in the establishment of this Center, which is the first to focus on bringing the transitional bereavement care model to life.”

What further distinguishes the Center is its roots in bereavement science, advancing care approaches that are both grounded in research and community-engaged.  

The authors focused on palliative care, which strives to provide a holistic approach to minimize suffering for seriously ill patients and their families, as one area where improvements are critically needed. They referenced groundbreaking reports of the Lancet Commissions on the value of global access to palliative care and pain relief that highlighted the “undeniable need for improved bereavement care delivery infrastructure.” One of those reports acknowledged that bereavement has been overlooked and called for reprioritizing social determinants of death, dying, and grief.

“Palliative care should culminate with bereavement care, both in theory and in practice,” explained Lichtenthal, who is the article’s corresponding author. “Yet, bereavement care often is under-resourced and beset with access inequities.”

Transitional bereavement care model

So, how do health systems and communities prioritize bereavement services to ensure that no bereaved individual goes without needed support? The transitional bereavement care model offers a roadmap.

“We must reposition bereavement care from an afterthought to a public health priority. Transitional bereavement care is necessary to bridge the gap in offerings between healthcare organizations and community-based bereavement services,” Lichtenthal said. “Our model calls for health systems to shore up the quality and availability of their offerings, but also recognizes that resources for bereavement care within a given healthcare institution are finite, emphasizing the need to help build communities’ capacity to support grievers.”

Key to the model, she added, is the bolstering of community-based support through development of “compassionate communities” and “upskilling” of professional services to assist those with more substantial bereavement-support needs.

The model contains these pillars:

  • Preventive bereavement care –healthcare teams engage in bereavement-conscious practices, and compassionate communities are mindful of the emotional and practical needs of dying patients’ families.
  • Ownership of bereavement care – institutions provide bereavement education for staff, risk screenings for families, outreach and counseling or grief support. Communities establish bereavement centers and “champions” to provide bereavement care at workplaces, schools, places of worship or care facilities.
  • Resource allocation for bereavement care – dedicated personnel offer universal outreach, and bereaved stakeholders provide input to identify community barriers and needed resources.
  • Upskilling of support providers – Bereavement education is integrated into training programs for health professionals, and institutions offer dedicated grief specialists. Communities have trained, accessible bereavement specialists who provide support and are educated in how to best support bereaved individuals, increasing their grief literacy.
  • Evidence-based care – bereavement care is evidence-based and features effective grief assessments, interventions, and training programs. Compassionate communities remain mindful of bereavement care needs.

Lichtenthal said the new Center will strive to materialize these pillars and aims to serve as a global model for other health organizations. She hopes the paper’s recommendations “will cultivate a bereavement-conscious and grief-informed workforce as well as grief-literate, compassionate communities and health systems that prioritize bereavement as a vital part of ethical healthcare.”

“This paper is calling for healthcare institutions to respond to their duty to care for the family beyond patients’ deaths. By investing in the creation of the Center for the Advancement of Bereavement Care, Sylvester is answering this call,” Lichtenthal said.

Follow @SylvesterCancer on X for the latest news on Sylvester’s research and care.

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Article Title: Investing in bereavement care as a public health priority

DOI: 10.1016/S2468-2667(24)00030-6

Authors: The complete list of authors is included in the paper.

Funding: The authors received funding from the National Cancer Institute (P30 CA240139 Nimer) and P30 CA008748 Vickers).

Disclosures: The authors declared no competing interests.

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