Waseco Resources Inc. reported that its wholly owned U.S. subsidiary, has entered into an Option Agreement with a wholly owned subsidiary of SSR Mining Inc. (“SSRM”), relating to the company’s Battle Mountain Ridge (“BMR”) leased gold property in Nevada. The 29 claim BMR property is strategically located on the Battle Mountain-Eureka Trend, immediately adjacent to the Trenton Canyon Mine, which SSRM recently acquired from Newmont. It is approximately 10 km south of SSRM’s current Marigold Mine operations. BMR hosts oxide gold mineralization identified by drilling programs carried out by several previous operators over the past 30 years. To date, three gold zones have been identified on the property. The South and West zones are oxide hosted and drilling by Waseco has extended the West Zone laterally. Additionally and importantly, Waseco has made a sulphide hosted gold discovery near the Northern property boundary with SSRM. This zone appears to be on trend with a recently announced discovery by SSRM, on its Marigold property, approximately 1.5km to the north-west from the BMR property boundary, where SSRM announced a gold intercept of 5.19g Au over 94.5 meters. Under the terms of the Agreement, SSRM has agreed to carry out exploration expenditures of USD 1.5 million within the next 5 years and assume all of the carrying costs of the BMR property during the option period. At the end of the exploration phase, SSRM may acquire Waseco’s interests by paying USD 25 per ounce of gold in all resource categories discovered (measured, indicated and inferred). This acquisition will involve a minimum payment to the Company of USD 1 Million and a maximum payment of USD 6 Million as well as a 1% NSR royalty on production payable to the Company. Waseco will also receive a USD 100,000 payment and re-imbursement of certain expenses on the effective date of the Option Agreement. The transaction is subject to TSX-V approval.