Surge Announces the 2018-2019 Cobalt Exploration Drilling Program FOR Its Teledyne Cobalt and Glencore Bucke Properties
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945-2656
NEWS RELEASE
SURGE ANNOUNCES THE 2018-2019 COBALT
EXPLORATION DRILLING PROGRAM FOR ITS
TELEDYNE COBALT AND GLENCORE BUCKE
PROPERTIES
Vancouver, BC – September 2 5th, 2018 – Surge Exploration Inc. (“the Company” or
“Surge”) (TSXV: SUR, OTC: SURJF, FRA: DJ5C) is pleased to announce the proposed 2018 and
2019 Exploration Programs for its Teledyne Cobalt & Glencore Bucke Properties located in
Ontario Canada situated in Bucke & Lorraine Townships, 6 km east -northeast of Cobalt,
Ontario. After recent discussions with its geological team and US Corporate Advisor,
Wellington Shields & Co. , it was determined that an additional 5,500 m of drilling was
needed to work towards the completion of a NI 43-101 resource estimate on the properties.
This work will commence starting October 1st, 2018.
Alongside the proposed drilling program, a proposed exploration program will also involve
surface exploration work which includes geological mapping and prospecting that is
recommended to further evaluate the geological potential of each cobalt property .
Management believes that potential remains on the Glencore Bucke Property for the
discovery of parallel mineralized zones to that of the Northwest and Main zones, and west of
the Teledyne Main Zone on the Teledyne Cobalt Property.
Drilling Plan: Glencore Bucke Cobalt Property
A two-phase diamond drilling program of up to 4,000 m (13,123 ft.) has been planned by
Surge to continue to test the mineralization along strike of the Northwest and Main zones,
with the intent of completing a NI 43-101 resource estimate upon its completion, as well as
testing any other targets that may be generated from the surface mapping and prospecting
programs.
Drilling Plan: Teledyne Cobalt Property
A two-phase drilling program of up to 1 ,500 m (4,921 ft.) has been planned to extend the
known mineralization on the Main Zone and follow up on targets generated from the Phase
2 surface exploration program.
The proposed multi -phase diamond drilling programs follow up the successful completion
of the Teledyne & Glencore Bucke Phase 1 diamond drilling programs during the fall of 2017.
Here, a combined 32 diamond drill holes totaling over 4,100 m (13,451 ft.) of drilling was
completed.
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Historical Work Completed
Glencore Bucke Property
In 1981, Teledyne Canada Ltd., completed 36 diamond drill holes total ing 10,903 ft (3323.3
m) on the Property, and delineated two mineralized zones, named the Main Zone 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 curr ent 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.
Mr. Tim Fernback, President & CEO of Surge comments “Following up on a successful Phase
1 exploration program at both Glencore Bucke and Teledyne , Surge and its partners, have
prepared additional drilling exploration programs on both properties with the intent to
complete a NI 43 -101 resource estimation on both properties. We are very excited about
commencing our multi -phase phase diamond drilling o n both the Teledyne and Glencore
Bucke properties on October 1st this year.”
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.
About Wellington Shields & Co.
Wellington Shields is a registered full -service broker dealer and long standing member of
the New York Stock Exchange (“NYSE”). The origins of Wellington Shields & Co. LLC date
back to 1925. We are a full-service financial firm providing comprehensive financial advice
and superior service to the individual and institutional investor. Wellington Shields & Co.
LLC, headquartered in N ew York, serves clients through a network of professionals in
offices throughout the East Coast of the United States. We are members of the NYSE,
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National Association of Securities Dealers (“NASD”), Financial Industry Regulatory
Authority (“FINRA”), and the Securities Investor Protection Corporation (“SIPC”).
Wellington Shields has a corporate focus on wealth preservation, minimizing taxes, and
providing superior service and their core services include investment advisory, investment
banking, brokerage, mutual funds, research, and insurance.
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 a ctivity, 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 it s 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 th at 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.