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Surge Copper Corp
Symbol SURG
Shares Issued 134,092,134
Close 2021-05-12 C$ 0.483
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Surge Copper plans ZTEM survey, drilling at Huckleberry

2021-05-12 10:52 ET - News Release

Mr. Leif Nilsson reports

SURGE COPPER ANNOUNCES 2021 EXPLORATION PLANS

Surge Copper Corp. has provided an outline of its 2021 planned exploration programs and strategy across its 121,800-hectare contiguous mineral claims, located in the Huckleberry district in central British Columbia.

Highlights:

  • First-ever Z-axis tipper electromagnetic (ZTEM) geophysical survey to be flown across entire district in collaboration with Imperial Metals Corp.;
  • Minimum 5,000-metre drill program at the West Seel deposit area, targeting further resource expansion and definition, in anticipation of a resource toward the end of the year;
  • Minimum 5,000-metre drill program at the Berg deposit, targeting improved definition and expansion of the near-surface high-grade zones;
  • Reconnaissance exploration activity at the advanced-stage Bergette exploration target to move previously undrilled areas of this target into a drill-ready state, with the potential for a few scout drilling holes;
  • Large regional reconnaissance exploration, prospecting, rock-chip and soil sampling, and geological mapping, including preliminary follow-up on high-priority targets resulting from ZTEM survey as well as historical precious metals targets, including the Captain mine, Troitsa Peak and Hope prospects;
  • Minimum 3,000-metre trenching and scout drill program on multiple new targets.

Leif Nilsson, chief executive officer, commented: "In the last five months, through multiple transactions and direct staking, Surge has consolidated a strategically significant land position in what we believe is one of the most prospective areas of British Columbia for porphyry copper exploration and which also boasts excellent regional infrastructure. During the recent winter program, we completed 20,028 metres of resource expansion and exploration drilling at the Seel deposits, representing approximately one-fifth of the total historical drilling investment at those deposits. Our objective with the next program is threefold: first to materially finish the job of determining the size and extents of the Seel deposits, second to improve the definition of -- and possibly expand -- the high-grade, near-surface zones at Berg and third to begin to systematically advance many of the regional exploration opportunities in the district, including new targets that may come out of the ZTEM survey and historical gold showings."

Program details

Schedulling and preparations are currently under way to conduct the ZTEM survey in the early part of the summer. The ZTEM system, which is a proprietary technology of Geotech Ltd., can achieve superior imaging capabilities at greater depths due to the use of passive ambient electomagnetic fields generated in the earth's atmosphere by global thunderstorm activity.

Two drill rigs will be mobilized to the Ootsa site in early June and will be focused on completing the Seel drilling over a two-month period. Simultaneously, early access improvement work will commence in partnership with a local forestry company to re-establish access to the Berg deposit to facilitate late summer exploration activities in the area. During mid-summer to late summer, one or two drill rigs will be mobilized to the Berg area to complete the definition drilling campaign. Throughout the summer, field crews will be actively mapping and prospecting high-priority areas through both the Ootsa and Berg properties.

At the conclusion of the summer drill program, the company anticipates that the drill hole database at West Seel will be sufficiently advanced to complete a resource update later in the year. Combined with the systematic regional exploration activity taking place during the summer program, Surge expects to have significantly advanced the mineral resources and understanding of the regional potential on this large land package.

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.

The company is also earning into a 70-per-cent interest in the Berg property from Centerra Gold. Berg is a large, advanced-stage exploration project located 28 kilometres northwest of the Ootsa deposits. Berg contains pit-constrained NI 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.

We seek Safe Harbor.

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