13:56:40 EDT Wed 16 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Surge Exploration Inc
Symbol C : SUR
Shares Issued 83,864,260
Close 2019-09-16 C$ 0.07
Recent Sedar Documents

Surge finishes trenching, pitting program at Hedgehog

2019-09-17 08:30 ET - News Release

Mr. Tim Fernback reports

EXPLORATION UPDATE FOR SURGE'S GOLD-COPPER PROPERTY NEAR BARKERVILLE BC - THE HEDGEHOG PROJECT

Surge Exploration Inc. has provided an update on progress being made at the Hedgehog project located near the historic gold mining community of Barkerville in east-central British Columbia.

In 2018, Surge collected 843 soil samples at the Hedgehog project from which anomalous results are being evaluated in the 2019 exploration program. A trenching and excavator pitting program was completed in August, 2019, central to the overall exploration objective in the region. Twenty-nine excavations were completed using a large excavator with 25 successfully reaching bedrock allowing sampling. Samples have now been submitted to the assay lab and results are expected by late September, 2019. Two targets are being explored in this project which is prospective for both Cyprus-style massive copper-gold-silver-cobalt mineralization and Barkerville gold mines-style gold mineralization (see Surge news release dated July 31, 2019).

The largest exploration program in the vicinity of the Hedgehog project is being conducted by Barkerville Gold Mines Ltd., which controls a very large claim block extending in a northwest-southeast direction for approximately 75 kilometres. The southern boundary of the Hedgehog project extends to within 500 metres of the Barkerville lands and is located approximately 10 kilometres to the north of the historic Barkerville mines. On July 11, 2019, Barkerville published a revised mineral resource estimate of 13.5 million tonnes grading 5.6 grams per tonne gold containing 2.44 million ounces gold in the combined and measured category and 11.9 million tonnes grading 5.0 g/t gold containing 1.92 million ounces gold in the inferred category (National Instrument 43-101 report authored by Christine Beausoleil, PGeo, filed by Barkerville on SEDAR on July 11, 2019). Drilling on the Barkerville lands totals approximately 400,000 metres in more than 3,400 drill holes and continues with multiple drill rigs in operation. It should be noted that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company's properties.

Tim Fernback, Surge president and chief executive officer, stated: "We are very happy with the progress on the 2019 Hedgehog exploration program to date, with it going as planned by our exploration team. The area surrounding Hedgehog is home to quite a bit of historic and current gold mining activity, and we are excited to see the assay results from the program as we continue to develop this project."

The Hedgehog project is subject to an option agreement whereby the company may earn a 60-per-cent interest in the project by making payments (cash and or shares) totalling $500,000 and completing work commitments totalling $2.5-million over a five-year term.

J.W. (Bill) Morton, PGeo, a qualified person within the context of NI 43-101, has prepared and takes responsibility for this news release.

About Surge Exploration Inc.

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

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.