Surge Copper Corp. (TSXV:
SURG) (OTCQX:
SRGXF) (Frankfurt:
G6D2) (“Surge” or the “Company”)
is pleased to announce complete assay results for 11 holes from the
Seel Breccia Zone at the Company’s 100% owned Ootsa Property in
central British Columbia. The Seel Breccia Zone is located 200
metres north of the East Seel deposit and is known to contain
high-grade copper and silver mineralization that extends from
surface along a series of steeply dipping brecciated zones.
Drilling during the summer program encountered this style of
breccia mineralization in a stepout to the north of the known zone,
and this release contains the first of several batches of results
from follow-up exploration drilling in this area.
Highlights
- Hole S21-281 intersected 46
metres grading 1.7% copper equivalent
from 24 metres downhole depth, including
28 metres grading 2.0% copper
equivalent and 10 metres grading
3.6% copper equivalent
- Hole S21-280 intersected 23
metres grading 1.2% copper equivalent
from 3 metres downhole depth, including 12
metres grading 1.6% copper
equivalent
- Holes S21-280 and 281 are
180 metres apart and demonstrate a substantial
increase in dimensions of the known high-grade zone with assays
pending from holes along strike
Leif Nilsson, Chief Executive Officer,
commented: “Delineating near-surface, high-grade mineralization is
an evergreen objective in exploration, as such ‘starter zones’ can
drive significant project value. Higher-grade breccia-style
mineralization is known to occur in the periphery of the Seel
porphyry system and has been encountered in multiple locations,
including the Seel Breccia to the north of the Seel porphyry
deposits. As outlined in this first batch of results, drilling this
summer has significantly expanded this zone, and represents a
potentially high-value exploration target for the Ootsa
project.”
Assay results have been received for 11 holes
from the Seel Breccia Zone including holes S21-270, S21-272 to 278,
and S21-280 to 282. Significant results are summarized in the table
below. Hole locations and orientations are shown on the drill hole
map and select holes are illustrated on the cross sections
below.
Hole S21-280 was collared on the western end of
the zone and intersected 23 metres grading 0.84% copper and 19.9
g/t silver (1.15% copper equivalent) from 3 metres downhole,
including 12 metres grading 1.23% copper and 20.5 g/t silver (1.60%
copper equivalent). Hole S21-281 was collared 180 metres east of
hole S21-280 within the same breccia zone and also returned
high-grade intersecting 46 metres grading 1.24% copper and 34.0 g/t
silver (1.71% copper equivalent) from 24 metres downhole, including
28 metres grading 1.50% copper and 40.7 g/t silver (2.03% copper
equivalent). Holes S21-270, 272, 273, and 274 were collared from
approximately the same location in the middle of the zone, midway
between S21-280 and 281, and each hit moderate zones of breccia
style mineralization starting near surface. Holes S21-275, 276, and
277 were collared along the north side of the zone along its strike
length and angled back toward the south, encountering deeper
portions of the zone and each intersecting moderate zones of
breccia style mineralization with some narrower, higher-grade
subintervals. Holes S21-278 and S21-282 were angled obliquely
against the prevailing orientation of the zone and did not
intersect significant mineralization.
The Seel Breccia is proving to be a near
vertical to steeply south dipping breccia body ranging from 25 to
50 metres wide and extending to depths exceeding 100 metres from
surface. Smaller parallel and irregular breccia bodies locally
surround the main zone. These initial drill results show potential
to significantly expand near surface high-grade mineralization well
beyond the zone of historical drilling, and the area is being
evaluated for its potential as a high-grade starter pit. A
historical resource from 2014 on the Seel Breccia Zone located to
the southeast of the current drilling outlined a zone containing
approximately 1.1 million tonnes grading 0.42% copper, 12.6 g/t
silver, and 0.06 g/t gold.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
Results are pending from 35 additional holes
testing exploration targets in the near vicinity of the Seel and Ox
deposits, including the Seel Breccia Zone. An additional nine core
holes are also pending from the Company’s 2021 Berg drill
program.
Summary of Assay Results for Selected Holes |
Drill Hole |
From (m) |
To (m) |
Width (m)1 |
CuEq (%)2 |
Cu (%) |
Au (g/t) |
Ag (g/t) |
S21-270 |
5 |
26 |
21 |
0.43 |
0.30 |
0.06 |
7.7 |
including |
10 |
16 |
6 |
0.85 |
0.62 |
0.10 |
13.1 |
S21-272 |
13 |
46 |
34 |
0.44 |
0.32 |
0.03 |
8.8 |
including |
32 |
38 |
6 |
1.18 |
0.89 |
0.05 |
23.2 |
S21-272 |
68 |
88 |
20 |
0.31 |
0.23 |
0.02 |
6.5 |
S21-273 |
3 |
18 |
15 |
0.26 |
0.16 |
0.06 |
4.1 |
S21-274 |
3.5 |
14 |
10.5 |
0.28 |
0.17 |
0.07 |
4.7 |
S21-275 |
82 |
116 |
34 |
0.23 |
0.15 |
0.05 |
4.5 |
S21-276 |
76 |
88 |
12 |
0.63 |
0.49 |
0.02 |
10.3 |
including |
76 |
80 |
4 |
1.25 |
1.01 |
0.03 |
20.4 |
S21-277 |
28 |
48 |
20 |
0.38 |
0.27 |
0.03 |
7.5 |
including |
28 |
38 |
10 |
0.59 |
0.43 |
0.04 |
11.0 |
S21-280 |
3 |
26 |
23 |
1.15 |
0.84 |
0.11 |
19.9 |
including |
12 |
24 |
12 |
1.60 |
1.23 |
0.18 |
20.5 |
S21-281 |
24 |
70 |
46 |
1.71 |
1.24 |
0.12 |
34.0 |
including |
38 |
66 |
28 |
2.03 |
1.50 |
0.10 |
40.7 |
including |
38 |
48 |
10 |
3.62 |
2.66 |
0.21 |
73.1 |
1. Width refers to drill hole intercepts; true
widths have not been determined.2. CuEq (copper
equivalent) has been used to express the combined value of copper,
gold, and silver as a percentage of copper, and is provided for
illustrative purposes only and to provide ease of comparison. No
allowances have been made for recovery losses that may occur should
mining eventually result. Calculations use metal prices of
US$3.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and
US$22/oz silver, using the formula CuEq % = Cu % + (Au g/t x 0.875)
+ (Mo % x 3.33) + (Ag g/t x 0.0107). |
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
Quality Control
All drill core is logged, photographed, and cut
in half with a diamond saw. Half of the core is bagged and sent to
ALS Geochemistry in Kamloops, British Columbia for analysis (which
is ISO/IEC 17025 accredited), while the other half is archived and
stored on site for verification and reference purposes. Gold is
assayed using a 30g fire assay method and 33 additional elements
are analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid
digestion. Duplicate samples, blanks, and certified standards are
included with every sample batch and then checked to ensure proper
quality assurance and quality control.
Qualified Person
Dr. Shane Ebert P.Geo., is the Qualified Person
for the Ootsa and Berg projects as defined by National Instrument
43-101 and has approved the technical disclosure contained in this
news release.
Upcoming Catalysts
The Company anticipates updating the market on
results from the following activities:
- Drill results from 35 remaining
drill holes from 2021 Ootsa drill program
- Drill results from 9 drill holes
from 2021 Berg drill program
- Resource update for the Ootsa
project
- Inversion and targeting results
from regional airborne geophysics, and update on regional
exploration pipeline
About Surge Copper Corp.
The Company owns a 100% interest in the Ootsa
Property, an advanced stage exploration project containing the East
Seel, West Seel and Ox porphyry deposits located adjacent to the
open pit Huckleberry Copper Mine, owned by Imperial Metals. The
Ootsa Property contains pit constrained NI 43-101 compliant
resources of copper, gold, molybdenum, and silver in the Measured
and Indicated categories.
The Company is also earning into a 70% interest
in the Berg Property from Centerra Gold. Berg is a large, advanced
stage exploration project located 28 km northwest of the Ootsa
deposits. Berg contains pit constrained 43-101 compliant resources
of copper, molybdenum, and silver in the Measured and Indicated
categories. Combined, the adjacent Ootsa and Berg properties give
Surge a dominant land position in the Ootsa-Huckleberry-Berg
district and control over four advanced porphyry deposits.
On Behalf of the Board of
Directors
“Leif Nilsson”Chief Executive Officer
For Further information, please contact:Riley
Trimble, Corporate Communications & DevelopmentTelephone: +1
604 416 2978Email: info@surgecopper.comTwitter:
@SurgeCopperLinkedIn: Surge Copper
Corphttps://www.surgecopper.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This News Release contains forward-looking
statements, which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "will",
"may", "should", "expects", "plans", or "anticipates" or the
negative of these terms or other comparable terminology. All
statements included herein, other than statements of historical
fact, are forward looking statements, including but not limited to
the Company’s plans regarding the Berg Property and the Ootsa
Property. These statements are only predictions and involve known
and unknown risks, uncertainties and other factors that may cause
the Company’s actual results, level of activity, performance, or
achievements to be materially different from any future results,
levels of activity, performance, or achievements expressed or
implied by these forward-looking-statements. Such uncertainties and
risks may include, among others, actual results of the Company's
exploration activities being different than those expected by
management, delays in obtaining or failure to obtain required
government or other regulatory approvals, the ability to obtain
adequate financing to conduct its planned exploration programs,
inability to procure labour, equipment and supplies in sufficient
quantities and on a timely basis, equipment breakdown, impacts of
the current coronavirus pandemic, and bad weather. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith, and reflect the Company's current
judgment regarding the direction of its business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions, or other future performance
suggestions herein. Except as required by applicable law, the
Company does not intend to update any forward-looking statements to
conform these statements to actual results.
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