Overview
Stage | Permitting |
Mine Type | Underground |
Commodities |
|
Mining Method |
- Drift & Fill
- Longhole stoping
- Transverse stoping
- Longitudinal stoping
- Cemented backfill
- Paste backfill
|
Mine Life | 13 years (as of Jan 1, 2021) |
In the second quarter of 2023, SSR Mining Inc. announced the acquisition of up to 40% interest and immediate operational control in the Hod Maden gold-copper development project (“Hod Maden”) in northeastern Türkiye from Lidya Mines.
At Hod Maden, initial site preparation activities are currently underway and SSR Mining continues to expect an updated technical report and construction decision for the project in 2024. |
Source:
p. 1-2
The Hod Maden Project has been managed by Artmin Madencilik (Artmin). Artmin is a partnership between Lidya Madencilik (70%; a wholly owned subsidiary of Çalik Holding) and Horizon Copper Corp. (30%).
SSR Mining Inc. is pleased to announce that it has reached an agreement to acquire from Lidya Mines an up to 40% interest in, and operational control of, the Hod Maden Project.
As consideration for the 40% ownership interest in Hod Maden, SSR Mining’s payments include:
• $120 million upfront cash payment to acquire a 10% interest in the Project paid on closing of the Transaction on May 8, 2023; and
• $150 million in earn-in structured cash milestone payments to acquire an additional 30% interest in the Project, payable in accordance with an agreed upon schedule beginning at the start of construction and ending on the first anniversary of commercial production.
Following completion of the earn-in structured cash milestone payments, SSR Mining will own 40% of the Project, Lidya M
Contractors
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Summary:
Deposit Geology and Mineralisation
Significant mineralization identified on the property occurs within the Hod Maden Fault Zone, which at surface is a broadly north-northeast striking corridor of gossanous and locally argillic/phyllic hydrothermal alteration, up to 300 m wide, that extends for more than seven kilometres. Locally, it has intense pyrite/chalcopyrite mineralization with a significant component of supergene clay alteration.
The deposit is partitioned into a northern Main Zone and the contiguous South Zone, with the third area of mineralization located 500 m further south at the old Russian Mining area.
Main Zone: At least two styles of high-grade gold-copper mineralisation have been identified at the Main Zone:
(i) The predominant multiphase quartz-sulfide (pyrite-chalcopyrite) ± hematite/jasper breccia bodies; and
(ii) Semi-massive to massive sulphides (pyrite-chalcopyrite).
Prior to 1923, small-scale mining by Russian mining interests of narrow, high grade polymetallic veins was undertaken in the now-named old Russian Mining area. Ancient slags have also been intersected in alluvial material overlying the Main Zone. The two primary mineralisation styles are related to different mineralising events, with the semi to massive sulphide mineralisation representing an earlier mineralisation event and the multiphase breccia a later epigenetic (perhaps deep epithermal?) event. The Main Zone deposit is subvertical ........

Mining Methods
- Drift & Fill
- Longhole stoping
- Transverse stoping
- Longitudinal stoping
- Cemented backfill
- Paste backfill
Summary:
The Hod Maden deposit will be mined entirely utilizing underground mining techniques to minimise disturbance on the surface where a mosque and burial ground are located directly above the deposit. The deposit consists of a main and southern area however very little economic mineralisation is currently modelled in the south area.
The underground mine will be divided into two distinct mining zones with a modified drift and fill (DAF) underground mining technique applied to the Poor Ground Zone (PGZ) above 780mRL (Upper Mine) and long hole stoping (LHS) applied to the more competent ground conditions below 780mRL (Lower Mine). The bulk of the mineralisation is located below 780mRL however gold and copper grades are highest above 780mRL and reduce with deposit depth.
The lower mine will be accessed through a single portal north of the deposit with secondary egress, fresh air intake and primary exhaust through vertical shaft development. The upper mine will be accessed through two shafts located north and south of the mineralisation.
The main area extends 450 m vertically from surface over a strike distance of approximately 300 m. For the lower mine level spacing will be 25 m and for the upper mine, DAF levels will be extracted primarily in 3m high increments.
The lower mine will use electric-hydraulic jumbos for excavation and ground support with diesel powered LHD loaders and articulated dump trucks for material handling. Ground su ........

Source:

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Flow Sheet:
Summary:

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Reserves at July 31, 2020:
The Mineral Resources are estimated at NSR cut-offs of USD63/t for gold/copper zones.
The Mineral Reserve estimation was carried out using a breakeven cut-off value of USD82/t and incremental cut-of values of USD63/t for stopes and USD40/t for development.
Category | Tonnage | Commodity | Grade | Contained Metal |
Proven
|
1,899 kt
|
Gold
|
16.7 g/t
|
1,021 koz
|
Proven
|
1,899 kt
|
Copper
|
1.7 %
|
71 M lbs
|
Proven
|
1,899 kt
|
Gold Equivalent
|
19.4 g/t
|
|
Probable
|
6,798 kt
|
Gold
|
6.5 g/t
|
1,431 koz
|
Probable
|
6,798 kt
|
Copper
|
1.4 %
|
216 M lbs
|
Probable
|
6,798 kt
|
Gold Equivalent
|
8.8 g/t
|
|
Proven & Probable
|
8,696 kt
|
Gold
|
8.8 g/t
|
2,452 koz
|
Proven & Probable
|
8,696 kt
|
Copper
|
1.5 %
|
287 M lbs
|
Proven & Probable
|
8,696 kt
|
Gold Equivalent
|
11.1 g/t
|
|
Measured
|
2,461 kt
|
Gold
|
20.7 g/t
|
1,634 koz
|
Measured
|
2,461 kt
|
Copper
|
2.3 %
|
124 M lbs
|
Measured
|
2,461 kt
|
Gold Equivalent
|
24.3 g/t
|
|
Indicated
|
5,683 kt
|
Gold
|
6.2 g/t
|
1,133 koz
|
Indicated
|
5,683 kt
|
Copper
|
1.7 %
|
206 M lbs
|
Indicated
|
5,683 kt
|
Gold Equivalent
|
8.8 g/t
|
|
Measured & Indicated
|
8,143 kt
|
Gold
|
10.6 g/t
|
2,768 koz
|
Measured & Indicated
|
8,143 kt
|
Copper
|
1.8 %
|
330 M lbs
|
Measured & Indicated
|
8,143 kt
|
Gold Equivalent
|
13.5 g/t
|
|
Inferred
|
1,342 kt
|
Gold
|
5.4 g/t
|
232 koz
|
Inferred
|
1,342 kt
|
Copper
|
0.7 %
|
21 M lbs
|
Inferred
|
1,342 kt
|
Gold Equivalent
|
6.5 g/t
|
|
Corporate Filings & Presentations:
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