VANCOUVER, BC, Dec. 14, 2020 /CNW/ - Surge Copper Corp. (the
"Company" or "Surge Copper") (TSXV: SURG), is pleased to announce
assay results for drill hole S20-219 from the Company's 100% owned
Ootsa Property in British
Columbia.
A 10,000 metre drill program is currently underway along the
gold rich Seel Trend at Ootsa. One drill is focused on
testing the expansion and near-deposit exploration potential at the
East and West Seel porphyry Cu-Au deposits, the second is testing
new exploration targets.
HIGHLIGHTS
- Hole S20-219, drilled at the West Seel Deposit, returned
0.51% copper equivalent over 700 metres including 0.60% copper
equivalent over 422 metres.
- Hole S20-219 intersected the longest continuously mineralized
interval drilled at the Ootsa Property to date with mineralization
starting at the top of bedrock at 15 metres depth and extending
continuously to the end of the hole at 1028 metres depth returning
0.42% copper equivalent over 1013 metres.
- A higher-grade zone returning 0.76% copper equivalent over
110 metres was encountered between 436 and 546 metres
depth.
- The results demonstrate a large and robust mineralizing system
at West Seel with a significant high-grade core.
Hole S20-219
Hole S20-219 was drilled at the West Seel
Deposit at an azimuth of 208 degrees and a dip of -50 degrees to a
total depth of 1028 metres. The hole successfully tested a
200 metre by 200 metre zone at surface with limited drill data
before passing through 600 metres of the known deposit, then
extended known mineralization roughly 228 metres down dip to the
southwest.
Hole S20-219 represents the longest continuous zone of
mineralization drilled to date on the Ootsa property and the best
hole on a copper equivalent grade times thickness basis.
Assay results for hole S20-219 are summarized in the table
below.
Summary of assay results for Hole S20-219
Drill
Hole
|
From
(m)
|
To
(m)
|
Width
(m)*
|
Cu
Eq.%**
|
Cu
%
|
Au
g/t
|
Mo
%
|
Ag
g/t
|
S20-219
|
15.0
|
1028.0
(EOH)
|
1013.0
|
0.42
|
0.20
|
0.13
|
0.025
|
2.9
|
including
|
204.0
|
904.0
|
700.0
|
0.51
|
0.23
|
0.16
|
0.031
|
3.1
|
including
|
294.0
|
716.0
|
422.0
|
0.60
|
0.25
|
0.20
|
0.042
|
3.3
|
including
|
436.0
|
546.0
|
110.0
|
0.76
|
0.33
|
0.20
|
0.061
|
4.8
|
including
|
476.0
|
544.0
|
68.0
|
0.82
|
0.35
|
0.21
|
0.070
|
5.1
|
|
|
*
|
Width refers to drill
hole intercepts, true widths have not been determined.
|
**
|
Cu Eq. (copper
equivalent) has been used to express the combined value of copper,
molybdenum, gold 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/lb
copper, $1800/oz gold, $22 silver, and $10/lb molybdenum using the
formula Cu Eq.% = Cu% + (Au g/t x 0.877) + (Ag g/t x 0.0107) + (Mo%
x 3.33).
|
Dr. Shane Ebert CEO of Surge commented, "The results from hole
S20-219 highlight the scale and grade of the West Seel system,
which could lead to material increase to the current NI 43-101
resource estimate, and eventually lead to combining the East and
West Seel conceptual pit designs into one very large conceptual
pit. The hole has extended mineralization both near surface
to the northeast, and at depth to southwest. This is a great
start to our deposit expansion drill program. The West Seel
Deposit is known to contain a sizable high-grade core to the
system, especially compared to operating BC porphyry mines, and
understanding and fully defining that high grade zone and the
larger deposit outline is a key objective of the current
program."
Mineralized drill core from hole S20-219. Left, 425 metres
depth, biotite hornfels with disseminated and fracture-controlled
pyrite-chalcopyrite-pyrrhotite cut by
quartz-chalcopyrite-molybdenite veins. Right, 430 metres depth,
mineralized zone cut by quartz-molybdenite-chalcopyrite
veins.
Drill Program Update
Two drills are active on the
property and 7 diamond drill holes have been completed, processed,
and submitted to the lab for assay. Hole S20-226 is currently
in progress at West Seel. Hole S20-225 is currently in
progress testing the West Target. Figure 1 shows the
locations of the 2020 drill holes, Figure 2 shows long section B –
B' from West Seel illustrating mineralization from hole
S20-219.
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.
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.
There are 2 drills working at the project with drilling
focused on defining the extent of the large West Seel deposit and
testing new targets along the Seel Trend.
Dr. Shane Ebert P.Geo., is the
Qualified Person for the Ootsa project as defined by National
Instrument 43-101 and has approved the technical disclosure
contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Shane Ebert"
President and Chief Executive Officer
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. 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 or financing, inability to procure
equipment and supplies in sufficient quantities and on a timely
basis, equipment breakdown 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 suggests 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.