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Surge Copper Corp
Symbol SURG
Shares Issued 134,092,134
Close 2021-06-14 C$ 0.42
Recent Sedar Documents

Surge Copper drills 432 m of 0.61% CuEq at Ootsa

2021-06-15 07:52 ET - News Release

Mr. Leif Nilsson reports

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

Highlights:

  • Hole S21-243 intersected 432 metres grading 0.61 per cent copper equivalent, including 156 metres grading 0.76 per cent copper equivalent.
  • Hole S21-242 intersected 259 metres grading 0.60 per cent copper equivalent, including 124 metres grading 0.74 per cent copper equivalent, with the hole ending in mineralization.
  • Hole S21-235 intersected 506 metres grading 0.43 per cent 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. An image on the company's website 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 stepout 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.

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 associated table, and the orientation and total depth of each hole are summarized in an image on the company's website.

Hole S21-243 is the northeastern-most stepout on the West Seel long section and is shown in an image on the company's website. The hole intersected 0.61 per cent copper equivalent over 432 metres from 274 m depth, including 0.76 per cent copper equivalent over 156 metres from 468 m 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 in an image on the company's website. The hole intersected 0.43 per cent copper equivalent over 506 metres from 380 m depth, including 0.68 per cent copper equivalent over 40 metres from 622 m depth.

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

S21-235         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 means 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 $3 (U.S.) per pound 
copper, $1,800 (U.S.) per ounce gold, $10 (U.S.)/lb molybdenum and $22 (U.S.)/oz 
silver, using the formula CuEq per cent equals Cu per cent plus (Au g/t times 0.875)
plus (Mo per cent times 3.33) plus (Ag g/t times 0.0107).   

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 (ZTEM) 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 prioritized 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, 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 g 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 National Instrument 43-101-compliant resources of copper, gold, molybdenum and silver in the measured and indicated categories.

We seek Safe Harbor.

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