Surge Battery Metals Acquires Quesnel Nickel Project
Surge Battery Metals Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.surgebatterymetals.com
Surge Battery Metals Acquires Quesnel Nickel Project
NEWS RELEASE , Vancouver, BC – April 26, 2021: Surge Battery Minerals Inc. (the “Company” or
“Surge”) (TSXV: NILI, OTC: NILIF, FRA: DJ5C) is pleased to report it has negotiated an Option
Agreement with Green River Gold Corp. (CSE: CCR) for the acquisition of an 80% interest in a large
contiguous block of 8 mineral claims comprising 2,219.34 hectares. The property is located 25 km
east of the town of Quesnel in the central interior of British Columbia and is accessible year-round
via provincial highway 26 and various well-maintained forestry roads.
Greg Reimer, Surge’s President & CEO comments “The Quesnel Nickel Project is at an early
exploration stage with a very good possibility for hosting nickel alloy mineralization (awaruite)
similar to the Decar District of FPX Nickel (TSXV: FPX). The project area covers a favorable linear
NW-SE striking geological unit approximately 15km by 3km hosting nickel mineralization in
serpentinite and sheared ultramafic rock, a similar geological host as the Trembleur ultramafic rocks
found at Decar. With 2,434,965 tonnes of contained metal at a grade of 0.12% Ni, Decar has been
recognized by www.mining.com as the third top nickel project in the world.” (See article here)
Government aeromagnetic data over the Quesnel Nickel Project indicates the presence of highly
magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of the
favorable geologic unit. This is similar to the aeromagnetic response in the area of nickel-alloy
mineralization found throughout in the Decar District.
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Within the Quesnel Nickel Project area there are 4 BC MINFILE occurrences as follows:
• 093A 013 – Sovereign Creek – developed prospect containing talc and magnesite, and co-incident
showing containing nickel sulfides.
• 093A 130 – Sovereign – showings containing talc and nickel sulfides.
• 093A 139 - Fontaine Creek – showing containing asbestos.
• 093H 061 – R.T. – showing containing nickel, chromium, and cobalt.
The four BC MINFILE occurrences are based on exploration work documented in 16 BC ARIS and 12
BC Property File reports, as well as various government agency reports and maps.
Within the property, limited rock sampling and analyses indicates nickel grades of 0.1 to 0.2% have
been found in ultramafic rocks, comparable to those in the Decar District. Preliminary metallurgical
work completed in 1971 has suggested the presence of nickel sulphide or nickel alloy minerals, but
no Davis Tube analyses appear to have been conducted on any of the samples to confirm the presence
of nickel alloys minerals, such as awaruite.
A September 10, 1971 report by Findlay Consultants Limited of Morrisburg, Ontario, publicly
available in BC Property File stated the following in a report to Cypress Exploration: “Mr. Trifaux
(owner) has submitted a list of 17 undocumented grab sample assays with nickel values ranging from
0.15 to 0.26 per cent and an arithmetic mean of 0.22 per cent to Dr. O.R. Eckstrand, Geological Survey,
Ottawa”. Furthermore “the owner (Trifaux) has had a preliminary metallurgical (separation) study
conducted by Ferromagnetic Laboratories, Montreal. This study indicated that up to 54 per cent of
the total rock nickel was recoverable in -200 mesh grind magnetic separations – indicating that about
half the nickel is in non-silicate (sulphide, F./Ni alloy, magnetite, etc.) matrix”. This information
should not be relied upon since it has not been independently confirmed by the Company.
Mr. Reimer goes on to state: “The Quesnel Nickel Project is an exciting, early-stage nickel project with
the correct geological and geophysical characteristics to host nickel-alloy mineralization, with many
similar features to the Decar District. We intend to immediately file our work permits to be approved
and to start work early this summer.”
Terms of the Option
To exercise the Option, the Optionee must issue shares to the Optionor, in the aggregate sums shown
in the following table:
Date Shares to be Issued
Upon signing the agreement 500,000
1st Anniversary date of the
effective date
150,000
2nd Anniversary date of the
effective date
200,000
3rd Anniversary date of the
effective date
250,000
4th Anniversary date of the
effective date
300,000
In addition to the issuance of shares as described, the Optionee must incur no less than $800,000 in
Mining Work expenditures on the Property by the end of the 4th Anniversary date of the effective date
of the Option Agreement. Upon the Optionee exercising its 80% interest in the Property a joint
venture shall be formed with each party to contribute their share of future development and
production costs. In the event the Optionor does not choose to contribute their share of future costs
then their 20% interest would convert to a 2% NSR.
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The Company has also agreed to pay a finder’s fee in the amount of 200,000 shares in connection
with the Acquisition. All finder’s fees are subject to Exchange approval.
All securities issued in connection with the Acquisition are subject to a four-month and a day hold
in accordance with applicable Canadian Securities Laws.
Jacques Houle, P. Eng., a qualified person within the context of NI 43-101, has reviewed and approved
the contents of this news release.
About Surge Battery Metals Inc. surgebatterymetals.com
The Company is a Canadian-based mineral exploration company which has been active in the
resource sector in British Columbia and elsewhere in Canada.
On Behalf of the Board of Directors
“Greg Reimer”
Greg Reimer, 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 guaranteeing 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.