VANCOUVER, British Columbia,
July 31, 2019 /CNW/ -- Surge
Exploration Inc. ("the Company" or "Surge") (TSX-V: SUR)
(OTCQB: SURJF) (FRA: DJ5C) announces it is starting the 2019
exploration program on its Hedge Hog project (copper-gold). The
Hedge Hog project is located in Central BC several kilometres north
of the historical community of Barkerville, BC (see Barkerville
Gold Mines Ltd. ("Barkerville")) for additional
current activity in this area). The community of Quesnel BC is located 60 kilometers to the
west of the property. Surge has an option to earn in a 60% interest
in the Hedge Hog project from Eastfield Resources
Ltd. by making cash and/or share payments totalling
$500,000 and completing exploration
expenses totalling $2,500,000 over a
five-year term.
Central to the Hedge Hog project is an area where massive
sulfide boulders with high concentrations of copper, silver and
cobalt were discovered twenty years ago. The most extensive
exploration in the area of the current Hedge Hog claim was by
Hudson Bay Exploration and Development (later Hudbay Minerals
Inc. ("Hudbay") between 1999 and 2001. Hudbay completed
airborne and ground based geophysical surveys, extensive
geochemical surveys, mechanical excavator trenching and four short
diamond drill holes (556 metres total). The most successful
undertaking by Hudbay was trenching in an area called the Lottie
target where a massive sulfide boulder (chalcopyrite rich) grading
24.3% copper and 19.6 g/t silver had been discovered in 1999. In
one mechanical trench near the 1999 discovery five additional
massive chalcopyrite rich boulders were sampled with an average
grade of 8.8% copper, 9.6 g/t silver (the Hudbay boulder assay
results are historic and replicate samples are not available and
consequently have not been confirmed). In 2018, Surge
collected 843 soil samples at Hedge Hog. The current program will
consist of test pitting using a mechanical excavator of anomalous
sample sites from the 2018 work. A multi-year exploration permit
authorizing a wide spectrum of activities including geochemical and
geophysical surveys, mechanical excavator trenching and diamond
drilling was issued to Eastfield in 2018.
Mr. Tim Fernback, Surge President
& CEO, comments, "Our Hedge Hog exploration property in
British Columbia's Cariboo Mining
District appears to well situated given the proposed 2019
exploration activity in the area by our neighbours. This 2019
activity includes CAD$23.7
million to be spent by Barkerville Gold Mines
Ltd. nearby our Hedge Hog Property. This region is host
to numerous operating mines, good infrastructure including
experienced exploration and supporting services. Our exploration
team believes that this land package is strategically situated to
exploit the high copper-gold values of the region."
Qualified Person
The technical content of this news release has been reviewed by
Bruce Laird, P.Geo., an independent
consulting geologist and a qualified person within the context of
NI 43-101.
About Surge Exploration Inc.
The Company is a Canadian-based mineral exploration company
which has been active in the resource sector in British Columbia and elsewhere in
Canada.
Golden Triangle – Trapper Lake Property (Copper Gold),
British Columbia
The Company owns 100% interest in the Golden Triangle – Trapper
Lake Group of 14 mineral claims which are located in the prolific
Golden Triangle Region of northwestern British Columbia approximately 90 km ENE
from Juneau, Alaska. Surges' staking program acquired an area
of 213 sq. km within the regionally important geological and
structural trend. A large portion of the new property is adjacent
to the Thorn Project owned by Brixton Metal's Corp.
("Brixton") with the balance covering prospective open ground
containing numerous B.C. Minfile showings with Cu, Ag, Au values
adjoining the boundaries of the Golden Bear Mine of Chevron
Resources, a 480,000 oz Au past producer.
In Brixton's news release dated July 15,
2019 (Brixton News Release), they reported results from
drill hole THN19-150, which was drilled to 829.06 metres depth at
the Oban diatreme breccia pipe within the Camp Creek copper
corridor. Brixton reported a drill hole intercept of 1.97
grams per tonne gold equivalent across 554.70 meters including
135.96M of 1.35 g/t Au, 0.31 Cu,
133.62 g/t Ag or 5.00 g/t Aueq including 6M of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag.
Structural mapping and soil-rock geochemistry at the Chivas zone
and relogging of select core from the Glenfiddich zone were also
conducted as part of the overall exploration program at the Thorn
Project.
Mineral Mountain Properties (Copper Gold) British Columbia
The Company owns a 100% interest in the Omineca Group of 12
claim blocks which are located in the Omineca Mining Division of
north-central British Columbia,
approximately 150 km north of Fort St. James. The claims are
not subject to any royalty terms, back-in rights, payments or any
other agreements and encumbrances.
B.C. Minfile assessment report data indicates that most of the
area covered by the Omineca Group claim blocks were at one time or
another covered by staking during surges of exploration in B.C.
dating from the 1940's to present day. Largely the claims
appear to have been minimally explored with little
follow-up. However, some work was recorded on several claims
with results for stream sediment sampling showing anomalous to
highly anomalous results for gold in a few areas. These areas
were recommended for detailed follow-up, however due to a previous
commodity price downturn no further work was recorded.
Prominent among early discoveries in the Omineca region were the
nearby Lustdust/Stardust property (Sun Metals Corp.)
covering a large, coherent integrated porphyry-skarn-manto,
epithermal system; the Kwanika property (Serengeti Resources
Inc./POSCO Daewoo) a promising advanced stage copper-gold
project; the Lorraine property (Teck
Resources and Sun Metals) host to a
significant copper gold NI 43-101 compliant resource. The
Surge tenures are located between the Kemess North project being
developed by Centerra Gold's subsidiary Aurico
Metals and Centerra Gold's operation Mt
Milligan mine.
Hedge Hog Property, (Copper Gold) British Columbia
The Company has an option to earn an undivided 60% interest
seven mineral tenure covering 2,418 hectares (5,972 acres) located
approximately 80 km northeast of the town of Quesnel, BC and 20 km north of the historic
gold mining towns of Wells and Barkerville.
Ontario Cobalt Properties (Cobalt) Ontario
The Company has an option to earn an undivided 60% interest in
the Glencore Bucke Property and the Teledyne Property, located in
Cobalt, Ontario Canada.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward‐looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Except for statements
of historical facts, comments that address resource potential,
upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and
others are forward‐looking. Forward‐looking statements are not
guarantees of future performance and actual results may vary
materially from those statements. General business conditions are
factors that could cause actual results to vary materially from
forward‐looking statements.
Contact:
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945-2656
View original content to download
multimedia:http://www.prnewswire.com/news-releases/surge-exploration-commences-fieldwork-at-its-copper-gold-project-near-barkerville-bc---hedge-hog-property-300893973.html
SOURCE Surge Exploration Inc.