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Surge Copper Corp
Symbol SURG
Shares Issued 165,493,815
Close 2021-11-03 C$ 0.34
Recent Sedar Documents

Surge Copper drills 296 m of 0.53% CuEq at Ootsa

2021-11-04 07:28 ET - News Release

Mr. Leif Nilsson reports

SURGE COPPER INTERSECTS 296 METRES OF 0.53% CUEQ INCLUDING 66 METRES OF 0.75% CUEQ IN INFILL AND STEP OUT DRILLING AT THE OOTSA PROPERTY

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

Highlights:

  • Hole S21-264 was targeting extensions of mineralization into the Gap zone connecting West and East Seel. This 60-degree angled hole intersected 296 metres grading 0.53 per cent copper equivalent from a downhole depth of 448 metres including 66 metres grading 0.75 per cent copper equivalent.
  • Hole S21-267 was targeting the northern limits of the East Seel deposit and intersected 305 metres grading 0.46 per cent copper equivalent from a downhole depth of 52 metres, and included 20 metres grading 1.04 per cent copper equivalent.
  • Drilling at the Far East target, located 300 metres northeast of the East Seel deposit, has expanded a modest zone of near-surface mineralization that remains open to the east.

Assay results have been received for holes S21-262, 264, 267 and 269, with significant assay results summarized in the associated table. Holes S21-262 and 264 tested the southwestern margin of the East Seel deposit and the area between the East and West Seel deposits known as the Gap zone, and have defined a large mineralized zone at depth in that area. Hole S21-267 tested the northeast edge of the East Seel deposit and hole S21-269 expanded a modest zone of near-surface mineralization 300 metres northeast of East Seel at the Far East target.

East Seel and Gap zone drilling

Hole S21-267 tested the northeast margin of the East Seel deposit and ended within known East Seel mineralization. The hole successfully expanded near-surface mineralization on the northeast margin of East Seel, returning 0.46 per cent copper equivalent over 305 metres including 0.57 per cent copper equivalent over 106 metres and 1.04 per cent copper equivalent over 20 metres.

Holes S21-262 and 264 were collared on the west side of the East Seel deposit and drilled toward the southwest testing the Gap zone. Both holes help to expand and define a zone of near-surface low-grade mineralization at the Gap zone, and a larger zone of deeper mineralization that remains open at depth.

Far East target drilling

Hole S21-269 was a 100-metre stepout to the northeast of the Far East target and expanded a modest zone of near-surface mineralization located 100 to 300 metres northeast of the East Seel deposit. Hole S21-269 successfully expanded the Far East target 100 metres to the northeast returning 90 metres grading 0.28 per cent copper equivalent starting below gravel cover at 34 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)

S21-262              40            64          24        0.30        0.14        0.08     0.026         0.9
S21-262              74           118          44        0.24        0.12        0.05     0.018         1.1
S21-262             392           406          14        0.33        0.15        0.14     0.012         1.0
S21-262             700       830 EOH         130        0.49        0.26        0.19     0.012         2.2
including           718           770          52        0.84        0.36        0.38     0.037         2.7
S21-264              74           104          30        0.20        0.11        0.09     0.003         0.7
S21-264             136           164          28        0.23        0.13        0.08     0.005         1.0
S21-264             210           296          86        0.21        0.08        0.04     0.027         0.7
S21-264             386           408          22        0.37        0.15        0.18     0.014         0.9
S21-264             448       744 EOH         296        0.53        0.23        0.24     0.020         1.7
including           492           558          66        0.75        0.30        0.40     0.023         1.7
S21-267              52       357 EOH         305        0.46        0.21        0.26     0.001         1.2
including           124           230         106        0.57        0.26        0.34     0.001         1.1
including           286           306          20        1.04        0.50        0.59     0.000         2.8
S21-269              34           124          90        0.28        0.16        0.10     0.005         1.2
including            48            66          18        0.38        0.23        0.14     0.004         1.0

(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.)/pound copper, $1,800 (U.S.)/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 
(molybdenum per cent times 3.33) plus (Ag g/t times 0.0107).

Ootsa 2021 drilling summary

The summer 2021 core drilling program at Ootsa comprised a total of 26,556 metres of drilling in 72 holes. Thus far, following this news release, results from 24 holes have been released, with results from 48 additional holes pending. Results from 45 holes focused on the shallow Breccia zone located to the north of the Seel deposits are pending, as are holes from select regional exploration targets, and the bottom portion of hole S21-268, which is the last remaining hole to be reported from West Seel drilling.

Berg exploration program update

The 2021 core drilling program at the Berg deposit area has been completed for the season and will resume next summer. Nine core holes were completed at Berg for a total of 2,855 metres of drilling. All of the Berg drill core has been logged and sampled and submitted to the lab for assay.

Coming catalysts

The company anticipates updating the market on results from the following activities:

  • Drill results from 48 remaining drill holes from 2021 Ootsa drill program;
  • Drill results from nine drill holes from 2021 Berg drill program;
  • Resource update for the Ootsa project;
  • Inversion and targeting results from regional airborne geophysics and update on regional exploration pipeline.

The company is well financed with over $10-million in the treasury.

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 ALS 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 33 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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