Day: June 9, 2020

Greg Crowe, President and CEO commented: “The most intriguing aspect about Cherokee is the increasing number of new mineralized discoveries along with our evolving understanding of the various styles of mineralization hosted within the property. Every field season yields additional targets and continues expanding the upside potential of this already robust silver-gold-copper prospect.”

While exploration and mining in Mexico have been hampered by suspensions and slowdowns of operations due to the COVID-19 pandemic, the country will get through this challenge and gradually resume normal operations.

The president then urged Canada’s ambassador to prevail on the companies that there was no need to seek legal redress because “it’s very clear that they have these debts with the tax authority, and that (Canada) help us to convince them.”

Taj Singh, President and CEO of Discovery commented, “With the closing of the financing we now have over $40 million of cash on our balance sheet, putting us in a strong position as we restart our exploration activities at Cordero. We look forward to safely resuming operations later this month and carrying on with the positive momentum we have generated from our excellent exploration results to date.”

The Company intends to use the proceeds from the Private Placement for exploration of the Alamos Silver Project and general working capital purposes. All securities issued and issuable under the Private Placement are subject to a four-month hold period from the date of closing of the Private Placement, in addition to any other restrictions under applicable law.

SSR Mining Inc. and Alacer Gold Corp. are pleased to announce today that they have filed a joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on July 10, 2020.