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Surge Copper Intersects 432 metres of 0.61% CuEq and 506 metres of 0.43% CuEq in Final Winter Drilling Results from West Seel

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Surge Copper Intersects 432 metres of 0.61% CuEq and 506 metres of 0.43% CuEq in Final Winter Drilling Results from West Seel

 

 

 

 

 

Surge Copper Corp. (TSX-V: SURG) (Frankfurt: G6D2) is pleased to announce assay results for multiple resource definition and exploration holes from the Company’s 100% owned Ootsa Property in British Columbia.

 

Highlights

  • Hole S21-243 intersected 432 metres grading 0.61% copper equivalent including 156 metres grading 0.76% copper equivalent
  • Hole S21-242 intersected 259 metres grading 0.60% copper equivalent including 124 metres grading 0.74% copper equivalent, with the hole ending in mineralization
  • Hole S21-235 intersected 506 metres grading 0.43% copper equivalent
  • Drilling at West Seel has resumed with two core drills focused on further expansion and definition drilling

 

All drill results from the Company’s 20,028 metre winter drill program have now been received and released. Figure 1 shows the location of these drill holes and section references. The Company is pleased to announce that the minimum 5,000 metre summer drill program at Ootsa has commenced with two core rigs focused on the West Seel deposit, performing step out drilling in areas where the deposit remains open. Pending final planning and results as the summer progresses, the program is anticipated to expand outward to test additional near-resource exploration targets.

 

Figure 1. Plan map of drill hole locations for 2020-2021 Ootsa drill program.

 

Holes S21-235 and 241 to 244 – West Seel Deposit

 

Holes S21-235 and 241 to 244 were all drilled on the margins of the West Seel deposit or in the area immediately between the East and West Seel deposits. All five holes intersected significant zones of mineralization as summarized in the table below, and the orientation and total depth of each hole is summarized on Figure 1.

 

Hole S21-243 is the northeastern most step out on the West Seel long section and is shown on Figure 2. The hole intersected 0.61% copper equivalent over 432 metres from 274 metres depth, including 0.76% copper equivalent over 156 metres from 468 metres depth. This long intercept of strong mineralization continues to extend the higher-grade core of the West Seel deposit to the northeast.

 

Hole S21-235 was drilled on the west side of West Seel and is shown on Figure 3. The hole intersected 0.43% copper equivalent over 506 metres from 380 metres depth, including 0.68% copper equivalent over 40 metres from 622 metres depth.

 

Holes S21-241, 242, and 244 tested the east side of West Seel. Holes S21-242 and 244 are shown on Figure 4. All three holes intersected zones of near surface mineralization. Hole S21-241 intersected 0.31% copper equivalent over 122 metres starting at 94 metres depth. Hole S21-242 intersected 0.24% copper equivalent over 42 metres starting at 26 metres depth followed by 0.60% copper equivalent over 259 metres starting at 458 metres depth. This includes a higher-grade interval containing 0.74% copper equivalent over 124 metres starting at 542 metres depth. Hole S21-244 intersected 0.21% copper equivalent over 58 metres from 32 metres depth followed by 0.29% copper equivalent over 168 metres from 98 metres depth.

 

Summary of Assay Results for Selected Holes
Drill Hole From
(m)
To (m) Width
(m)1
CuEq
(%)2
Cu (%) Au (g/t) Mo (%) Ag (g/t)
S21-235 88.0 96.0 8.0 0.66 0.02 0.71 0.000 1.3
S21-235 380.0 886.0 506.0 0.43 0.20 0.11 0.030 2.2
including 438.0 460.0 22.0 0.52 0.26 0.10 0.040 3.5
including 622.0 662.0 40.0 0.68 0.32 0.19 0.046 3.9
S21-241 94.0 216.0 122.0 0.31 0.14 0.11 0.020 0.6
S21-241 134.0 216.0 82.0 0.34 0.16 0.12 0.022 0.6
including 184.0 210.0 26.0 0.47 0.20 0.19 0.029 0.7
S21-242 26.0 68.0 42.0 0.24 0.12 0.08 0.012 0.8
S21-242 420.0 717 EOH 297.0 0.56 0.22 0.27 0.025 2.3
S21-242 458.0 717 EOH 259.0 0.60 0.23 0.29 0.027 2.3
including 542.0 666.0 124.0 0.74 0.30 0.31 0.044 2.9
S21-243 274.0 706.0 432.0 0.61 0.29 0.20 0.035 3.0
including 468.0 624.0 156.0 0.76 0.37 0.23 0.044 3.5
including 522.0 624.0 102.0 0.81 0.39 0.25 0.049 3.4
S21-244 32.0 90.0 58.0 0.21 0.10 0.06 0.013 0.8
S21-244 98.0 266.0 168.0 0.29 0.14 0.09 0.017 0.8
including 152.0 202.0 50.0 0.35 0.19 0.09 0.021 0.9
1. Width refers to drill hole intercepts; true widths have not been determined. EOH = end of hole.
2. CuEq (copper equivalent) has been used to express the combined value of copper, gold, molybdenum, and
silver as a percentage of copper, and is provided for illustrative purposes only. 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).

 

 

Figure 2. West Seel long section B-B’ showing results for holes S20-219, 220, 224, 226, and S21-240 and 243. See Figure 1 for section location.

 

Figure 3. West Seel long section 7NE showing results for holes S21-235 and the previously reported S21-232. See Figure 1 for section location.

 

Figure 4. West Seel long section 10NE showing results for holes S21-242 and 244, and the previously reported S21-230. See Figure 1 for section location.

 

Holes S21-236 to 238 – West Side of East Seel Deposit

Holes S21-236, 237, and 238 tested a zone immediately west of the East Seel deposit and encountered widespread alteration and Cu-Mo anomalies but no significant intervals of mineralization.

 

Ootsa Exploration Program Update

 

A minimum 5,000 metre drill program has commenced at Ootsa with two core rigs currently drilling at the West Seel deposit. Drilling will initially be focused on further resource expansion and definition at West Seel and may expand outward to test a number of other exploration targets as the summer progresses.

 

A Z-axis Tipper Electromagnetic airborne geophysical survey commenced on June 10 and is currently being flown across the entire Ootsa-Berg claim package. Field crews are being assembled to conduct initial ground follow-up on prioritised ZTEM anomalies, and to conduct surface work on existing exploration targets on the properties, in preparation for drill testing.

 

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 Activation Laboratories Ltd. 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 37 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.

 

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.

 

 

 

Posted June 15, 2021

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