20:28:01 EDT Mon 25 May 2020
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Surge Exploration Inc
Symbol SUR
Shares Issued 82,864,260
Close 2019-09-05 C$ 0.08
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Surge acquires B.C. mineral claim adjoining Trapper

2019-09-06 07:51 ET - News Release

Mr. Tim Fernback reports


Surge Exploration Inc. has recently acquired 100-per-cent interest in an additional gold-copper mineral claim adjoining its Trapper Lake property in Northern British Columbia near the Golden Bear mine, a 480,000-ounce Au past producer, currently owned by Newmont Goldcorp Corp. It should be noted that results from nearby and/or adjacent properties are not necessarily indicative or reflective of mineralization that may be hosted on the company's property.

The mineral claim owned by Surge is nearby the Thorn project currently owned by Brixton Metals Corp. located in the Sutlahine River area of northwestern British Columbia (northern tip of the Golden Triangle). Surge's additional staking program complements its previously announced 213-square-kilometre mineral claim staking program Golden Triangle originally announced on July 16, 2019, reiterating the company's commitment to region. This new claim has been acquired to provide additional exploration potential around the boundaries of the former Golden Bear mine.

Tim Fernback, Surge chief executive officer, states: "We are very excited to acquire this key additional mineral claim in B.C.'s prolific Golden Triangle near Newmont Goldcorp 's Golden Bear mine and nearby Brixton Metal's Thorne project. With Brixton Metals announcing on Aug. 8, 2019, that renowned gold mining investor, Mr. Eric Sprott , through 2176423 Ontario Ltd. (a corporation which is beneficially owned by him) acquired 22.25 million units for total consideration of $4,005,000 of its recently completed $7.7-million private placement, this area appears to be quite active for gold exploration. It is notable that following the completion of the August, 2019, private placement, Mr. Sprott's holdings including previously held shares will represent 18.25 per cent of the issued and outstanding common shares of Brixton Metals, on a non-diluted basis."

About the property

The company owns 100-per-cent interest in the Golden Triangle -- Trapper Lake group of 15 mineral claims which are located in the prolific Golden Triangle region of northwestern British Columbia approximately 90 kilometres east-northeast from Juneau, Alaska. Surge's staking program acquired an area of approximately 220 square km within the regionally important geological and structural trend. A large portion of the new property is adjacent to the Thorn project owned by Brixton Metal's Corp., with the balance covering prospective open ground containing numerous B.C. Minfile showings with copper, silver and gold values adjoining the boundaries of Newmont Goldcorp's Golden Bear mine, a 480,000 oz Au past producer.

In Brixton's news release dated July 15, 2019, it reported results from drill hole THN19-150, which was drilled to 829.06-metre depth at the Oban diatreme breccia pipe within the Camp Creek copper corridor. Brixton reported a drill hole intercept of 1.97 grams per tonne gold equivalent across 554.70 metres including 135.96 metres of 1.35 g/t Au, 0.31 per cent Cu, 133.62 g/t Ag or 5.00 g/t AuEq (gold equivalent) including six metres of 3.56 per cent Cu, 3.37 g/t Au and 257.77 g/t Ag. Structural mapping and soil-rock geochemistry at the Chivas zone and relogging of select core from the Glenfiddich zone were also conducted as part of the overall exploration program at the Thorn project.

Again, results from nearby and/or adjacent properties are not necessarily indicative or reflective of mineralization that may be hosted on the company's property.

About Surge Exploration Inc.

The company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada.

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