Exploration Update ON the 2018 Phase Ii Drilling Program; Glencore Bucke Property
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
EXPLORATION UPDATE ON THE 2018 PHASE
II DRILLING PROGRAM; GLENCORE BUCKE
PROPERTY
Vancouver, BC – October 29 th, 2018 – Surge Exploration Inc. (“the Company” or “Surge”)
(TSXV: SUR, OTC: SURJF, FRA: DJ5C) is pleased to announce an update on the 2018
Exploration Program for the Teledyne Cobalt & Glencore Bucke Properties situated in Bucke
& Lorraine Townships, 6 km east‐northeast of Cobalt, Ontario. The 2018 Exploration
Program was originally announced on September 25th, 2018 and commenced on October 1st,
2018 on the Glencore Bucke Property.
“We are very pleased with the results so far on the Glencore Bucke Phase 2 drilling program,”
commented Tim Fernback, Surge President and CEO. “We have successfully drilled 14
diamond drill holes to date, totalling 1,356 m ( 4,450 ft) on Glencore Bucke. The exploration
program has gone as planned, with no significant issues or challenges, which is nice to see.”
The current exploration plan calls for an additional 1,500 m (4,921 ft) on the Glencore Bucke
Property before moving the drill rig to the Teledyne Cobalt Property where an additional
1,500 m (4,921 ft) is planned. Surge management believes that the 2018 exploration
program is on track to completed by the end of the year, with assay results coming back from
the lab at the beginning of 2019. Mr. Fernback further comments “We continue to work on
planning the Phase 3 diamond drilling programs on the Glencore Bucke and Teledyne Cobalt
Properties proposed for 2019. This work will form the basis of the work required to
complete a 43‐101 compliant resource estimation.”
In addition to the current drilling program, a limited exploration program has commenced
including including geological mapping and prospecting that will define drill targets in
under‐explored areas on the Properties. Management believes that significant potential
remains on the Glencore Bucke and Teledyne Cobalt Properties for the discovery of parallel
mineralized zones.
The 2018 exploration program currently has a crew of nine people working and two drill
rigs active on the Cobalt Ontario properties.
Historical Work Completed
Glencore Bucke Property
In 1981, Teledyne Canada Ltd., completed 36 diamond drill holes totaling 10,903 ft
(3,323.3 m) on the Property, and delineated two mineralized zones, named the Main Zone
2
and Northwest Zone, measuring 500 ft (152.4 m) and 200 ft (70.0 m) in length respectively
(Bresee, 1982). Based on the surface drill program completed by Teledyne, historical
reserves of 60,000 tons in the geologically inferred category, and 15,000 tons in the
probable category, at an average grade of 0.45% Co, 3.0 oz/t Ag was estimated (Linn,
1983).
Teledyne Property
From 1979 through to 1980, Teledyne Canada Ltd., completed 6 surface diamond drill
holes and 22 underground diamond drills for an aggregate of 3,160.8 m (10,370 ft.) on the
Teledyne Cobalt Property. Based on the surface and underground diamond drill programs,
historical reserves of 60,000 tons in the geologically inferred category, and 40,000 tons in
the probable category, at an average grade of 0.45% Co, 0.6 oz/t Ag was estimated (Linn,
1983).
It should be noted that the reserve estimates above are historical estimates as defined by
National Instrument 43-101. The historical reserve estimates contain categories that are not
consistent with current CIM definitions. A qualified person has not done sufficient work to
classify the historical estimate as current mineral resources or mineral reserves. No attempt
was made to reconcile the historical reserve calculations as reported by Teledyne Canada Ltd..
Surge is not treating the historical reserve estimate as a current mineral resource or mineral
reserve.
Once the final assay results are received from the Teledyne and Glencore Bucke Cobalt
Project, Surge will evaluate the results to develop a subsequent 2019 diamond drilling
program for each Property.
QA/QC Program
Surge Exploration Inc. has implemented a quality assurance/quality control (QA/QC)
program for both the Glencore Bucke and Teledyne Property drill programs.
Diamond drill core was logged, then split in half, with one half placed in a labelled bag, and
the remaining half placed back into the core box and stored in a secured compound. A blank
and a standard were inserted in the sampling sequence at every 26 th and 27 th place. All
samples were shipped to Activation Laboratories in Ancaster, Ontario. Each sample is
coarsely crushed and a 250 g aliquot is pulverized for analysis. A 0.25g sample is digested
with a near total digestion (4 acid) and then analyzed using an ICP. QC for the digestion is
14% for each batch, 5 method reagent blanks, 10 in‐house controls, 10 samples duplicates,
and 8 certified reference materials. An additional 13% QC is performed as part of the
instrumental analysis to ensure quality in the areas of instrumental drift. If over limits for
Cu, Pb, Zn, and Co are encountered, a sodium peroxide fusion, acid dissolution followed by
ICP‐OES is completed. For Ag over limits, a four‐acid digestion is completed followed by ICP‐
OES.
Qualified Person
The technical content of this news release has been reviewed and approved Joerg
Kleinboeck, P.Geo., an independent consulting geologist and a qualified person as defined in
NI 43‐101.
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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. The Company has an
exploration office in Santiago, Chile to review mineral exploration opportunities in Chile and
elsewhere in South America.
Cobalt Ontario Properties
The Company has an option to earn an undivided 60% interest in the Glencore Bucke
Property and the Teledyne Property, located in Cobalt Ontario.
Atacama Cobalto Project:
The Atacama Cobalto Project is located in the Atacama Province in northern Chile, 15 km
northwest of the town of Copiapó, where mining is the largest economic activity, and the
mining industry is one of the region’s major employers. The Atacama Cobalto Project
consists of 1,059 hectares and is located only 3 km East of the Cerro Iman Mine. To date, CAP
Minería has drilled over 20,250 m on the Atacama Coblato Project. The option on this project
is subject to TSXV approval.
Hedge Hog Property, 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.
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 resource
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.