VANCOUVER, British Columbia,
Sept. 6, 2019 /CNW/ -- Surge
Exploration Inc. ("the Company" or "Surge") (TSXV: SUR) (OTC:
SURJF) (FRA: DJ5C) announces that it has recently acquired 100%
interest in an additional Gold-Copper mineral claim adjoining its
Trapper Lake Property in Northern British
Columbia near the Golden Bear Mine, a 480,000 oz Au
past producer, currently owned by Newmont Goldcorp
Corporation. It should be noted that results from nearby and/or
adjacent properties are not necessarily indicative or reflective of
mineralization that may be hosted on the Company's property.
The mineral claim owned by Surge is nearby the Thorn Project
currently owned by Brixton Metals Corp. ("Brixton") located
in the Sutlahine River area of northwestern British Columbia (northern tip of the "Golden
Triangle"). Surges' additional staking program complements its
previously announced 213 sq. km mineral claim staking program
Golden Triangle originally announced on July
16, 2019 , reiterating the Company's commitment to
region. This new claim has been acquired to provide additional
exploration potential around the boundaries of the former Golden
Bear Mine.
Tim Fernback, Surge CEO states,
"We are very excited to acquire this key additional mineral claim
in BC's prolific Golden Triangle near Newmont Goldcorp's
Golden Bear Mine and nearby Brixton Metal's Thorne Project.
With Brixton Metals announcing on August 8, 2019 that renowned gold mining
investor, Mr. Eric Sprott,
through 2176423 Ontario Ltd. (a corporation which is beneficially
owned by him) acquired 22,250,000 Units for total consideration of
$4,005,000 of its recently completed
$7.7 million private placement, this
area appears to be quite active for gold exploration. It is notable
that following the completion of the August
2019 private placement, Mr. Sprott's holdings including
previously held shares will represent 18.25% of the issued and
outstanding common shares of Brixton Metals, on a non-diluted
basis."
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 15 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 approximately 220 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, 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. Again, results from nearby and/or adjacent
properties are not necessarily indicative or reflective of
mineralization that may be hosted on the Company's property.
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.
On Behalf of the Board of Directors
"Tim Fernback"
Tim
Fernback
President & CEO
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.
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945-2656
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SOURCE Surge Exploration Inc.
