TSX-V Trading Symbol: SURG
OTCQX: SRGXF
Frankfurt Trading Symbol: G6D2
VANCOUVER, BC, Sept. 20, 2021 /CNW/ - Surge Copper Corp.
(TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) ("Surge" or the
"Company") is pleased to announce that drilling has
commenced at the main Berg deposit area, located within the
approximately 350 square kilometre Berg Property in central
British Columbia. Surge is earning
into a 70% interest in the Berg Property from Centerra Gold Inc.
(see December 16, 2020 press
release).
Following the successful rehabilitation of the access trail and
ongoing progress on camp reconstruction (see August 11, 2021 press release, and Figure 3), one
drill rig has successfully been mobilized to site, and has begun
drilling on a collar location in the southwestern quadrant of the
deposit area (see Figures 1 and 2). As road and drill pad
construction progresses, and dependent on weather conditions, the
drill is expected to move to several locations in the northeastern
quadrant of the deposit area, before returning to the southern and
western areas of the deposit in closer proximity to camp.
The 2021 drill program at Berg is expected to comprise
approximately 4,500 metres across up to 15 holes, with a budget of
approximately C$1.3 million and will
be continuously evaluated as operating and weather conditions
evolve toward the end of the season. The objectives of the program
include modernizing the drill hole database including orientation
survey and full-suite geochemical assay data, improving the
understanding of the structural controls on mineralization and
supergene enrichment, and improving drill hole density in the
high-grade domains of the deposit. High-grade potential within the
deposit is illustrated for example by historical hole BRG11-219
which intersected 63 metres of 0.56% copper, 0.070% molybdenum, and
60.5 g/t silver, which included several narrow intervals of bonanza
grade silver within a wider continuous zone averaging 5.6 g/t
silver.
The historical drill hole database at Berg comprises a total of
53,754 metres over 215 holes. Drilling in most areas of the deposit
remains wide spaced and mineralization is open to depth and outward
from the central Berg stock. The deposit has been shown to have
excellent vertical continuity with significant mineralization
intersected greater than 550 metres below surface. A substantial
portion of the historical drilling was not assayed for precious
metals, namely silver, and in the current NI 43-101 resource (see
March 17, 2021 press release) those
intervals have been assigned a silver grade of zero. The deposit is
notable among porphyry deposits located in British Columbia for having a well-developed
supergene enrichment blanket superimposed on the hypogene
mineralization, which is itself characterized by several
generations of veining.
Leif Nilsson, Chief Executive
Officer, commented: "We are thrilled to have a drill turning at
the Berg Project. Significant work has gone into preparing for this
program, not least of which has been the efforts by the field crews
to regain ground-based access to the deposit area. Due to the
shorter seasonal window at Berg, and the work required to
reactivate the camp, this first year's program will be smaller than
what we may plan for 2022, but it will set us up extremely well to
refine our planning during the seasonal break. We look forward to
new drill data coming out of what is one of the most exciting
porphyry copper exploration projects in BC."
Ootsa Exploration Program Update
One core rig is currently drilling at the Ootsa Property which
has seen over 24,000 metres of drilling in 63 holes since
June 2021. Of that, 2,760 metres in
four holes have been focused on testing new targets, 14,056 metres
in 24 holes have been focused on resource related drilling at the
Seel deposit area, and over 7,000 metres in 35 holes have been
focused on the shallow Breccia Zone located to the north of the
Seel deposits. Results from 10 holes have previously been reported,
and results are pending for an additional 53 completed holes.
The Company is about to commence a surface exploration program
focused on priority exploration targets across the Ootsa-Berg claim
package. This work will be supported by final results from the ZTEM
airborne geophysical survey completed this summer, which are
expected in the near term. Soil sampling and mapping will initially
be focused on the Bergette Target where historic drilling has
intersected porphyry mineralization and a 400 metre wide copper in
soil anomaly averaging 1,549 parts per million copper remains
untested by drilling and open to expansion.
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 NI 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
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.