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Surge Copper Corp
Symbol SURG
Shares Issued 133,192,134
Close 2021-05-07 C$ 0.44
Recent Sedar Documents

Surge Copper drills 830 m of 0.38% CuEq at Ootsa

2021-05-10 06:14 ET - News Release

Mr. Leif Nilsson reports

SURGE COPPER INTERSECTS 830 METRES OF 0.38% CUEQ AND 378 METRES OF 0.40% CUEQ AT WEST SEEL

Surge Copper Corp. has released additional assay results for multiple resource definition and exploration holes from the company's 100-per-cent-owned Ootsa property in British Columbia.

Highlights:

  • Hole S21-240 intersected 830 metres grading 0.38 per cent copper equivalent including 170 metres grading 0.47 per cent copper equivalent.
  • Holes S21-231 and 234 both hit high-grade mineralization on the southeast side of West Seel including 0.70 per cent copper equivalent over 62 metres and 0.62 per cent copper equivalent over 86 metres.
  • Hole S21-239 intersected 190 metres grading 0.45 per cent copper equivalent including 66 metres grading 0.65 per cent copper equivalent.
  • Results from eight additional holes are pending, including stepout holes to the west, the north and the gap zone area between the Seel deposits.

Dr. Shane Ebert, vice-president, exploration, commented: "This latest batch of holes are all stepouts testing the margins of the West Seel deposit and continue to significantly expand the size of the deposit and help define key structural controls. Hole S21-240, on the north side of the deposit, has returned an impressive interval of 830 metres of continuous mineralization grading 0.38 per cent copper equivalent, along with higher-grade zones. The holes on the southeast side of the deposit have also returned strong grades starting around 200 metres below surface with mineralization remaining open to the southeast. This southeast part of the West Seel deposit is an area where additional drilling has the potential to add significant tonnage to the deposit."

Holes S21-229 to 234, 239 and 240 -- West Seel deposit

Holes S21-229 to 234, 239 and 240 were all drilled at the West Seel deposit, and all eight holes were targeted to help define the outer margins of the deposit. Significant results are summarized in the associated table. An image on the company's website shows the locations of the 2020/2021 drill holes and section references.

Holes S21-231 and 234 were drilled on the southeast side of the West Seel deposit. Hole S21-231 was drilled at an azimuth of 315 and a dip of minus 65 degrees and to a total depth of 807 metres, and it intersected 0.40 per cent copper equivalent over 378 metres from 386 m depth, including 0.70 per cent copper equivalent over 62 metres from 434 m depth. Hole S21-234 was drilled at an azimuth of 315 and a dip of minus 65 degrees and to a total depth of 795 metres, and it intersected 0.44 per cent copper equivalent over 202 metres from 206 m depth, including 0.62 per cent copper equivalent over 86 metres from 312 m depth. The potential to expand higher grade to the southeast is highlighted in images on the company's website.

Holes S21-230, 233 and 239 are located on the west side of West Seel, and all three have extended the deposit at depth and to the west. Hole S21-230 was a vertical hole drilled to a depth of 888 metres. Hole S21-233 was drilled at an azimuth of 135 and a dip of minus 75 degrees and to a total depth of 737.5 metres, and it intersected 0.35 per cent copper equivalent over 395.5 metres from 342 m depth, including 0.48 per cent copper equivalent over 148 metres from 474 m depth. Hole S21-239 was drilled at an azimuth of 135 and a dip of minus 75 degrees and to a total depth of 746.5 metres. The hole intersected 0.45 per cent copper equivalent over 190 metres from 354 m depth, including 0.65 per cent copper equivalent over 66 metres from 356 m depth.

Hole S21-240 is located on the north side of the deposit and was drilled at an azimuth of 215 and a dip of minus 51 degrees and to a total depth of 1,240.5 metres. The hole intersected 0.38 per cent copper equivalent over 830 metres from 248 m depth, including 0.47 per cent copper equivalent over 170 metres from 658 m depth.

                            SUMMARY OF ASSAY RESULTS FOR SELECTED HOLES 

Drill hole          From         To    Width (1)   CuEq (2)         Cu         Au         Mo         Ag 
                     (m)        (m)          (m)        (%)        (%)      (g/t)        (%)      (g/t)

S21-230            478.0      706.0        228.0       0.28       0.17       0.06      0.014        1.4
including          598.0      638.0         40.0       0.49       0.35       0.10      0.010        1.6
S21-231            386.0      764.0        378.0       0.40       0.18       0.17      0.013        2.1
including          434.0      496.0         62.0       0.70       0.34       0.28      0.023        4.0
S21-233            342.0      737.5        395.5       0.35       0.17       0.08      0.028        1.8
including          474.0      622.0        148.0       0.48       0.23       0.10      0.042        2.2
S21-234            206.0      408.0        202.0       0.44       0.20       0.19      0.015        1.7
including          312.0      398.0         86.0       0.62       0.27       0.28      0.023        2.7
S21-239            354.0      544.0        190.0       0.45       0.23       0.13      0.025        2.0
including          356.0      422.0         66.0       0.65       0.31       0.18      0.044        3.0
S21-240            248.0    1,078.0        830.0       0.38       0.18       0.12      0.022        2.1
including          448.0      506.0         58.0       0.57       0.26       0.22      0.020        4.1
including          658.0      828.0        170.0       0.47       0.19       0.15      0.041        1.7

(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, 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 
$3 (U.S.)/pound copper, $1,800 (U.S.)/oz gold, $10 (U.S.)/lb molybdenum and 
$22 (U.S.)/oz silver, using the formula CuEq per cent equals copper per cent plus 
(gold g/t times 0.875) plus (molybdenum per cent times 3.33) plus (silver g/t times 
0.0107).
 

Hole S21-229 was located on the northwest side of the deposit and was drilled toward the north at an angle of minus 50 degrees to a total depth of 798 metres. Hole S21-232 was located on the south side of the deposit and was drilled toward the southeast at an angle of minus 70 degrees to a total depth of 756 metres. Neither hole encountered significant mineralization, and each hole helps define the limit of mineralization in those areas.

Drill program update

The fall 2020 to winter 2021 drilling program has been completed. During the program 20,028 metres were drilled in 27 holes, and all holes have been logged, sampled and submitted for assay. Assay results for 19 holes have been received and released, and results for a further eight holes are pending.

Drilling is scheduled to resume in late May to early June following spring breakup and snowmelt in the area. Further details on the summer drill program will be provided in a subsequent release.

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, B.C., for analysis (which is International Organization for Standardization/International Electrotechnical Commission 17025 accredited), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed using a 30-gram fire assay method, and 37 additional elements are analyzed by induced coupled plasma (ICP) utilizing a four-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, PGeo, 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-per-cent 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.

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