TSX-V Trading Symbol: SURG
Frankfurt Trading Symbol: G6D2
OTC Pink: SRGXF
VANCOUVER, BC, June 15, 2021 /CNW/ - Surge Copper Corp.
(TSXV: SURG) (Frankfurt: G6D2) ("Surge" or the
"Company") is pleased to announce assay results for
multiple resource definition and exploration holes from the
Company's 100% owned Ootsa Property in British Columbia.
Highlights
- Hole S21-243 intersected 432 metres grading 0.61%
copper equivalent including 156 metres grading 0.76%
copper equivalent
- Hole S21-242 intersected 259 metres grading 0.60%
copper equivalent including 124 metres grading 0.74%
copper equivalent, with the hole ending in mineralization
- Hole S21-235 intersected 506 metres grading 0.43%
copper equivalent
- Drilling at West Seel has resumed with two core drills focused
on further expansion and definition drilling
All drill results from the Company's 20,028 metre winter drill
program have now been received and released. Figure 1 shows the
location of these drill holes and section references. The Company
is pleased to announce that the minimum 5,000 metre summer drill
program at Ootsa has commenced with two core rigs focused on the
West Seel deposit, performing step out drilling in areas where the
deposit remains open. Pending final planning and results as the
summer progresses, the program is anticipated to expand outward to
test additional near-resource exploration targets.
Figure 1. Plan map of drill hole locations for 2020-2021
Ootsa drill program.
Holes S21-235 and 241 to 244 – West Seel Deposit
Holes S21-235 and 241 to 244 were all drilled on the margins of
the West Seel deposit or in the area immediately between the East
and West Seel deposits. All five holes intersected significant
zones of mineralization as summarized in the table below, and the
orientation and total depth of each hole is summarized on Figure
1.
Hole S21-243 is the northeastern most step out on the West Seel
long section and is shown on Figure 2. The hole intersected 0.61%
copper equivalent over 432 metres from 274 metres depth, including
0.76% copper equivalent over 156 metres from 468 metres depth. This
long intercept of strong mineralization continues to extend the
higher-grade core of the West Seel deposit to the northeast.
Hole S21-235 was drilled on the west side of West Seel and is
shown on Figure 3. The hole intersected 0.43% copper equivalent
over 506 metres from 380 metres depth, including 0.68% copper
equivalent over 40 metres from 622 metres depth.
Holes S21-241, 242, and 244 tested the east side of West Seel.
Holes S21-242 and 244 are shown on Figure 4. All three holes
intersected zones of near surface mineralization. Hole S21-241
intersected 0.31% copper equivalent over 122 metres starting at 94
metres depth. Hole S21-242 intersected 0.24% copper equivalent over
42 metres starting at 26 metres depth followed by 0.60% copper
equivalent over 259 metres starting at 458 metres depth. This
includes a higher-grade interval containing 0.74% copper equivalent
over 124 metres starting at 542 metres depth. Hole S21-244
intersected 0.21% copper equivalent over 58 metres from 32 metres
depth followed by 0.29% copper equivalent over 168 metres from 98
metres depth.
Summary of Assay
Results for Selected Holes
|
Drill
Hole
|
From
(m)
|
To
(m)
|
Width
(m)1
|
CuEq
(%)2
|
Cu
(%)
|
Au
(g/t)
|
Mo
(%)
|
Ag
(g/t)
|
S21-235
|
88.0
|
96.0
|
8.0
|
0.66
|
0.02
|
0.71
|
0.000
|
1.3
|
S21-235
|
380.0
|
886.0
|
506.0
|
0.43
|
0.20
|
0.11
|
0.030
|
2.2
|
including
|
438.0
|
460.0
|
22.0
|
0.52
|
0.26
|
0.10
|
0.040
|
3.5
|
including
|
622.0
|
662.0
|
40.0
|
0.68
|
0.32
|
0.19
|
0.046
|
3.9
|
S21-241
|
94.0
|
216.0
|
122.0
|
0.31
|
0.14
|
0.11
|
0.020
|
0.6
|
S21-241
|
134.0
|
216.0
|
82.0
|
0.34
|
0.16
|
0.12
|
0.022
|
0.6
|
including
|
184.0
|
210.0
|
26.0
|
0.47
|
0.20
|
0.19
|
0.029
|
0.7
|
S21-242
|
26.0
|
68.0
|
42.0
|
0.24
|
0.12
|
0.08
|
0.012
|
0.8
|
S21-242
|
420.0
|
717 EOH
|
297.0
|
0.56
|
0.22
|
0.27
|
0.025
|
2.3
|
S21-242
|
458.0
|
717 EOH
|
259.0
|
0.60
|
0.23
|
0.29
|
0.027
|
2.3
|
including
|
542.0
|
666.0
|
124.0
|
0.74
|
0.30
|
0.31
|
0.044
|
2.9
|
S21-243
|
274.0
|
706.0
|
432.0
|
0.61
|
0.29
|
0.20
|
0.035
|
3.0
|
including
|
468.0
|
624.0
|
156.0
|
0.76
|
0.37
|
0.23
|
0.044
|
3.5
|
including
|
522.0
|
624.0
|
102.0
|
0.81
|
0.39
|
0.25
|
0.049
|
3.4
|
S21-244
|
32.0
|
90.0
|
58.0
|
0.21
|
0.10
|
0.06
|
0.013
|
0.8
|
S21-244
|
98.0
|
266.0
|
168.0
|
0.29
|
0.14
|
0.09
|
0.017
|
0.8
|
including
|
152.0
|
202.0
|
50.0
|
0.35
|
0.19
|
0.09
|
0.021
|
0.9
|
|
1.
|
Width refers to drill
hole intercepts; true widths have not been determined. EOH = 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
US$3.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and
US$22/oz silver, using the formula
CuEq % = Cu % + (Au g/t x 0.875) + (Mo % x 3.33) + (Ag g/t x
0.0107).
|
Figure 2. West Seel long section B-B' showing
results for holes S20-219, 220, 224, 226, and S21-240 and 243. See
Figure 1 for section location.
Figure 3. West Seel long section 7NE showing
results for holes S21-235 and the previously reported S21-232. See
Figure 1 for section location.
Figure 4. West Seel long section 10NE showing
results for holes S21-242 and 244, and the previously reported
S21-230. See Figure 1 for section location.
Holes S21-236 to 238 - West Side of East Seel Deposit
Holes S21-236, 237, and 238 tested a zone immediately west of the
East Seel deposit and encountered widespread alteration and Cu-Mo
anomalies but no significant intervals of mineralization.
Ootsa Exploration Program Update
A minimum 5,000 metre drill program has commenced at Ootsa with
two core rigs currently drilling at the West Seel deposit. Drilling
will initially be focused on further resource expansion and
definition at West Seel and may expand outward to test a number of
other exploration targets as the summer progresses.
A Z-axis Tipper Electromagnetic ("ZTEM") airborne geophysical
survey commenced on June 10 and is
currently being flown across the entire Ootsa-Berg claim package.
Field crews are being assembled to conduct initial ground follow-up
on prioritised ZTEM anomalies, and to conduct surface work on
existing exploration targets on the properties, in preparation for
drill testing.
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 Activation
Laboratories Ltd. in Kamloops, British
Columbia for analysis (which is ISO/IEC 17025 accredited),
while the other half is archived and stored on site for
verification and reference purposes. Gold is assayed using a 30g
fire assay method and 37 additional elements are analyzed by
Induced Coupled Plasma (ICP) utilizing a 4-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 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.