Trenton Canyon, Nevada

The Trenton Canyon royalty position is located in both Humboldt and Lander Counties, Nevada. A 0.3% gross production royalty covers 52 unpatented mining claims within SSR’s Marigold complex. Near surface oxidized gold mineralization has been intersected over a 4,000 foot corridor within the claims and over 1,000 feet in width. Thick intervals of high-grade, sulfide-rich gold mineralization have been encountered at depth. Other areas of mineralization within the claim blocks have yet to be followed up. However, soil sampling and trenching have identified 1 to 8 g/t gold at surface in multiple areas.

The map below shows the 0.3% royalty position in red, the Newmont resources from 2000 (based on $275 gold price) and color coded drill holes completed by SSR from 2021 to 2023. Blue holes failed to intersect any significant gold values, green holes intersected gold values of >0.3 g/t over 20 feet, orange holes intersected gold values of >1.0 g/t over 20 feet, and red holes intersected >2.5 g/t gold over 20 feet.  A close up of the drilling within and adjacent to northern claims indicate significant intercepts including MRA7708 with 12.2 meters grading 3.89 g/t gold, MRA 7561 with 16.8 meters grading 2.62 g/tMRA7795 15.2 meters grading 11.1 g/t gold.

Figure 4. Trenton Canyon plan view highlighting recent and historical drilling (CNW Group/SSR Mining Inc.)