VANCOUVER, British Columbia,
Sept. 17, 2019 /CNW/ -- Surge
Exploration Inc. (the "Company "or "Surge")
(TSXV: SUR) (OTC: SURJF), (FRA: DJ5C) is
pleased to report on progress being made at the Hedgehog
project located near the historic gold mining community of
Barkerville in east central British
Columbia.
In 2018, Surge collected 843 soil samples at the Hedgehog
project from which anomalous results are being evaluated in the
2019 exploration program. A trenching and excavator pitting program
was completed in August 2019, central
to the overall exploration objective in the region. Twenty-nine
(29) excavations were completed using a large excavator with
twenty-five (25) successfully reaching bedrock allowing sampling.
Samples have now been submitted to the assay lab and results are
expected by late September 2019. Two
targets are being explored in this project which is prospective for
both Cyprus style massive
copper-gold-silver-cobalt mineralization and Barkerville Gold Mines
style gold mineralization (see Surge News Release dated
July 31, 2019).
The largest exploration program in the vicinity of the Hedgehog
project is being conducted by Barkerville Gold Mines Ltd.
(TSX-V: BGM) ("BGM") which controls a very large
claim block extending in a northwest-southeast direction for
approximately 75 kilometers. The southern boundary of the Hedgehog
project extends to within 500 meters of the BGM lands and is
located approximately 10 kilometres to the north of the historic
Barkerville mines. On July 11, 2019,
BGM published a revised mineral resource estimate of 13.5
million tonnes grading 5.6 g/t Au containing 2.44 million ounces
gold in the combined and measured category and 11.9 million tonnes
grading 5.0 g/t gold containing 1.92 million ounces gold in the
inferred category (Ni-43-101 report authored by Christine Beausoleil P.Geo, filed by BGM
on Sedar on July 11, 2019). Drilling
on the BGM lands totals approximately 400,000 meters in more
than 3,400 drill holes and continues with multiple drill rigs in
operation. It should be noted that mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company's properties.
Mr. Tim Fernback, Surge President
& CEO states "We are very happy with the progress on the 2019
Hedgehog exploration program to date, with it going as planned by
our exploration team. The area surrounding Hedgehog is home
to quite a bit of historic and current gold mining activity, and we
are excited to see the assay results from the program as we
continue to develop this project."
The Hedgehog project is subject to an option agreement whereby
the Company may earn a 60% interest in the project by making
payments (cash and or shares) totalling $500,000 and completing work commitments
totalling $2,500,000 over a five-year
term.
J.W. (Bill) Morton P.Geo, a
qualified person within the context of NI-43-101, has prepared and
takes responsibility for this news release.
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 23 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 totals an area of
approximately 325 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", TSXV: BBB) 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. Of note, mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company's properties.
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. TSXV:
SUNM) covering a large, coherent integrated
porphyry-skarn-manto, epithermal system; the Kwanika property
(Serengeti Resources Inc./POSCO Daewoo TSXV: SIR) 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. Of note, mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company's properties.
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 resou rce
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.
Tim
Fernback
President & CEO
Suite 1220 ‐
789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945-2656
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SOURCE Surge Exploration Inc.
