TSX-V Trading Symbol: SURG
OTCQX: SRGXF
Frankfurt Trading Symbol: G6D2
Highlights
- Hole S21-294 intersected 42 metres grading 0.87% copper equivalent from 18 metres downhole depth, including 20 metres grading 1.65% copper equivalent
- Hole S21-295 intersected 52 metres grading 0.71% copper equivalent from 8 metres downhole depth, including 20 metres grading 1.53% copper equivalent
- Hole S21-296 intersected 36 metres grading 0.83% copper equivalent from 18 metres downhole depth, including 18 metres grading 1.03% copper equivalent
- Holes S21-294, 295, and 296 are collared from the same setup but are oriented in different directions fanning out across the strike direction of the zone demonstrating good continuity of high grade within the central part of the
Breccia Zone system - Hole S21-298 intersected 30 metres grading 0.98% copper equivalent from 80 metres downhole depth, including 20 metres grading 1.36% copper equivalent, extending at depth the known resource area of the main Seel Breccia body, and potentially opening the zone for further expansion at depth
Assay results have been received for 15 holes from the
Holes S21-294, 295, and 296 were collared from a similar location but oriented in varying azimuth directions and all intersected strong breccia style mineralization demonstrating good continuity in the central part of the zone (see long section in Figure 2 below). Hole S21-294 intersected 42 metres grading 0.62% copper and 16.9 g/t silver (0.87% copper equivalent) from 18 metres downhole, including 20 metres grading 1.17% copper and 32.1 g/t silver (1.65% copper equivalent). Hole S21-295 intersected 52 metres grading 0.51% copper and 15.1 g/t silver (0.71% copper equivalent) from 8 metres downhole, including 20 metres grading 1.09% copper and 33.1 g/t silver (1.53% copper equivalent). Hole S21-296 intersected 36 metres grading 0.62% copper and 16.5 g/t silver (0.83% copper equivalent) from 18 metres downhole, including 18 metres grading 0.78% copper and 20.9 g/t silver (1.03% copper equivalent).
Hole S21-285 was collared approximately 50 metres to the east of hole S21-281 (see Press Release dated
Hole S21-298 was collared in the far eastern extent of the area and undercut historical hole S06-42 from the main Seel Breccia resource area (see Section B5-B5' in Figure 4 below). This hole intersected 30 metres grading 0.73% copper and 21.2 g/t silver (0.98% copper equivalent) from 80 metres downhole, including 20 metres grading 1.04% copper and 27.8 g/t silver (1.36% copper equivalent), demonstrating depth continuity in this area, and potentially opening up the zone for further expansion at depth.
Holes S21-286, 288, 290, 291, and 297 were all angled obliquely to either the dip or strike angle of the prevailing orientation of the zone and therefore did not directly test the main breccia zone and did not intersect significant mineralization.
The Seel Breccia is a near-vertical to steeply south-dipping breccia body ranging from 25 to 50 metres wide, extending to depths exceeding 100 metres below surface, and having a known strike length of approximately 300 metres. Smaller parallel and irregular breccia bodies locally surround the main zone. These initial drill results show potential to significantly expand near-surface high-grade mineralization well beyond the zone of historical drilling, and the area is being evaluated for its potential as a high-grade starter pit.
Results are pending from 20 additional holes testing exploration targets in the near vicinity of the Seel and Ox deposits, including the
Summary of Assay Results for Selected Holes | |||||||
Drill | From | To | Width | CuEq | Cu (%) | Au (g/t) | Ag (g/t) |
S21-283 | 62 | 74 | 12 | 0.25 | 0.18 | 0.03 | 4.6 |
S21-284 | 120 | 124 | 4 | 0.28 | 0.11 | 0.08 | 9.8 |
S21-285 | 56 | 66 | 10 | 1.01 | 0.73 | 0.06 | 20.9 |
S21-285 | 76 | 94 | 18 | 0.54 | 0.42 | 0.02 | 9.9 |
including | 88 | 92 | 4 | 1.22 | 0.94 | 0.03 | 24.0 |
S21-287 | 76 | 94 | 18 | 0.28 | 0.14 | 0.12 | 3.5 |
S21-289 | 14 | 20 | 6 | 0.33 | 0.22 | 0.06 | 4.7 |
S21-293 | 36 | 42 | 6 | 0.47 | 0.09 | 0.40 | 2.9 |
S21-294 | 18 | 60 | 42 | 0.87 | 0.62 | 0.09 | 16.9 |
including | 20 | 40 | 20 | 1.65 | 1.17 | 0.16 | 32.1 |
S21-294 | 142 | 160 | 18 | 0.30 | 0.19 | 0.05 | 6.0 |
S21-295 | 8 | 60 | 52 | 0.71 | 0.51 | 0.04 | 15.1 |
including | 10 | 30 | 20 | 1.53 | 1.09 | 0.10 | 33.1 |
S21-296 | 18 | 54 | 36 | 0.83 | 0.62 | 0.04 | 16.5 |
including | 24 | 42 | 18 | 1.03 | 0.78 | 0.03 | 20.9 |
S21-298 | 80 | 110 | 30 | 0.98 | 0.73 | 0.03 | 21.2 |
including | 90 | 110 | 20 | 1.36 | 1.04 | 0.03 | 27.8 |
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 and to provide ease of comparison. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use metal prices of |
Figure 1. Drill hole location map for the
Figure 2.
Figure 3.
Figure 4.
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 Geochemistry in
Qualified Person
Dr.
About
The Company owns a 100% 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
The Company is also earning into a 70% interest in the Berg Property from Centerra Gold. Berg is a large, advanced stage exploration project located 28 km northwest of the Ootsa deposits. Berg contains pit constrained 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.
On Behalf of the Board of Directors
"Leif Nilsson"
Chief Executive Officer
For Further information, please contact:
Telephone: +1 604 416 2978
Email: info@surgecopper.com
Twitter: @SurgeCopper
LinkedIn:
https://www.surgecopper.com
Neither the
This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward looking statements, including but not limited to the Company's plans regarding the Berg Property and the Ootsa Property. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown, impacts of the current coronavirus pandemic, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith, and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
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