The Marigold Property is part of SSR Mining’s Marigold Mine. In production since 1989, the Marigold Mine is a large run-of-mine heap leach operation with multiple open pits, waste rock stockpiles, leach pads and facilities for carbon absorption, carbon processing and gold refining.
Situated on the Battle Mountain-Eureka gold trend of east-central Nevada, the Marigold Property consists of 205 unpatented lode mining claims covering 7.8 square kilometres within the SSR Mining operation. SSR Mining has outlined three resources within the Marigold claims: 8N, 8D and 8 South Extension. In a 43-101 technical report on the Marigold Mine, dated December 31, 2017 and released July 31, 2018, SSR Mining highlighted drill results in the following areas within their current mine expansion exploration:
A qualified person has not completed sufficient work to be able to verify SSR Mining’s drill data.
Marigold Produced 220,227 ounces of gold in 2019. Based on the Marigold updated life of mine plan announced on June 18, 2018 which projects out to 2027, the mine is expected to produce on average approximately 211,000 ounces of gold per year. The gold doré bars produced at the mine are shipped to a third party refinery.
The 8N, 8D and 8 South Extension are included in SSR Mining’s Marigold expansion drilling plans and are under development. Ely Gold expects the property will be in production and generating revenue by 2022.