TSX-V Trading Symbol: SURG
Frankfurt Trading Symbol: G6D2
VANCOUVER, BC, May 12, 2021 /CNW/ - Surge Copper Corp.
(TSXV: SURG) (Frankfurt: G6D2) ("Surge" or the
"Company") is pleased to provide an outline of its 2021
planned exploration programs and strategy across its 121,800
hectare contiguous mineral claims located in the Huckleberry
district in central British
Columbia.
Highlights
- First-ever Z-axis Tipper Electromagnetic ("ZTEM") geophysical
survey to be flown across entire district in collaboration with
Imperial Metals Corporation
- Minimum 5,000 metre drill program at the West Seel deposit
area, targeting further resource expansion and definition, in
anticipation of a resource toward the end of the year
- Minimum 5,000 metre drill program at the Berg deposit targeting
improved definition and expansion of the near-surface high-grade
zones
- Reconnaissance exploration activity at the advanced-stage
Bergette exploration target to move previously un-drilled areas of
this target into a drill-ready state, with the potential for a few
scout drilling holes
- Large regional reconnaissance exploration, prospecting,
rock-chip and soil sampling, and geological mapping including
preliminary follow-up on high priority targets resulting from ZTEM
survey as well as historical precious metals targets including the
Captain Mine, Troitsa Peak, and Hope prospects (see Figure 1)
- Minimum 3,000 metre trenching and scout drill program on
multiple new targets
Leif Nilsson, CEO, commented:
"In the last five months, through multiple transactions and
direct staking, Surge has consolidated a strategically significant
land position in what we believe is one of the most prospective
areas of British Columbia for
porphyry copper exploration, and which also boasts excellent
regional infrastructure. During the recent winter program, we
completed 20,028 metres of resource expansion and exploration
drilling at the Seel deposits, representing approximately one-fifth
of the total historical drilling investment at those deposits. Our
objective with the next program is threefold: first to materially
finish the job of determining the size and extents of the Seel
deposits, second to improve the definition of and possibly expand
the high-grade, near-surface zones at Berg, and third to begin to
systematically advance many of the regional exploration
opportunities in the district including new targets that may come
out of the ZTEM survey and historical gold showings."
Program Details
Scheduling and preparations are currently underway to conduct
the ZTEM survey in the early part of the summer. The ZTEM system,
which is a proprietary technology of Geotech Ltd., can achieve
superior imaging capabilities at greater depths due to the use of
passive ambient electomagnetic fields generated in the earth's
atmosphere by global thunderstorm activity. Further information
about the technology can be found by clicking HERE.
Two drill rigs will be mobilized to the Ootsa site in early June
and will be focused on completing the Seel drilling over a
two-month period. Simultaneously, early access improvement work
will commence in partnership with a local forestry company to
re-establish access to the Berg deposit to facilitate late summer
exploration activities in the area. During mid to late summer, one
or two drill rigs will be mobilized to the Berg area to complete
the definition drilling campaign. Throughout the summer, field
crews will be actively mapping and prospecting high priority areas
through both the Ootsa and Berg properties.
At the conclusion of the summer drill program, the Company
anticipates that the drill hole database at West Seel will be
sufficiently advanced to complete a resource update later in the
year. Combined with the systematic regional exploration activity
taking place during the summer program, Surge expects to have
significantly advanced the mineral resources and understanding of
the regional potential on this large land package.
Qualified Person
Dr. Shane Ebert P.Geo., 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% 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 NI 43-101 compliant resources of
copper, gold, molybdenum, and silver in the Measured and Indicated
categories.
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 or +1 604 558 5847
info@surgecopper.com
http://www.surgecopper.com
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 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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SOURCE Surge Copper Corp.