Surge Closes Transaction to Acquire Additional Claims on its Mineral Mountain Property in BC
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
Surge Closes Transaction to Acquire Additional
Claims on its Mineral Mountain Property in BC
Vancouver, BC / TheNewswire / July 8, 2019 – Surge Exploration Inc. (“the Company” or “Surge”)
(TSXV: SUR, OTC: SURJF, FRA: DJ5C) is pleased to an nounce that further to its news release dated
May 6, 2019 and the TSX Venture Exchange’s (“Exchange”) conditional acceptance letter dated June
7, 2019, the Company has closed its property transa ction whereby the Company has entered into
Purchase and Sale Agreement with Venture Capital IQ Inc. (the “Vendor”) dated May 2, 2019 (the
“Agreement”). Surge acquired a 100% interest in four additional mineral claims to add to its current
sizable land position within British Columbia’s pro lific Omineca Mining District. Surge now has
Copper‐Gold mineral claims totalling 26,455 hectares (265 sq km) in the area.
Pursuant to the terms of the Agreement the Company paid the Vendor a payment of $16,000 upon
signing the Agreement and issued 2,000,000 common s hares upon Exchange Approval. All shares
issued are subject to a four month and a day hold period expiring on November 9, 2019 in accordance
with applicable securities laws.
For more information on the transaction and the Property, please see the Company’s news releases
dated May 6, 2019 and May 31, 2019.
About the Property
The Omineca Group of 12 claim blocks (see map) lie in the Omineca Mining Division of north‐central
British Columbia, approximately 150 km north of Fort St. James. The claims are not subject to any
royalty terms, back‐in rights, payments or any other agreements and encumbrances.
B.C. Minfile assessment report data indicates that most of the area covered by the Omineca Group
claim blocks were at one time or another covered by staking during surges of exploration in B.C.
dating from the 1940’s to present day. Largely the claims appear to have been minimally explored
with little follow‐up. However, some work was reco rded on several claims with results for stream
sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These
areas were recommended for detailed follow‐up, howe ver due to a previous commodity price
downturn no further work was recorded.
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Prominent among early discoveries in the Omineca re gion were the nearby Lustdust/Stardust
property (Sun Metals Corp. TSXV: SUNM) covering a l arge, coherent integrated porphyry‐skarn‐
manto, epithermal system; the Kwanika property (Ser engeti Resources Inc./POSCO Daewoo TSXV:
SIR) a promising advanced stage copper‐gold project ; the Lorraine property (Teck Resources and
Sun Metals) host to a significant coppergold NI 43‐ 101 compliant resource. The Surge tenures are
located between the Kemess North project being deve loped by Centerra Gold’s subsidiary Aurico
Metals and Centerra Gold’s operation Mt Milligan mine.
Map of Properties
Surge Exploration
Copper Porphyry
Property
New Claim Area
2
kilometres
4
Office:
Author: BL
Drawing:
Date: 5/3/2019
Scale: 1:100000 Projection: UTM Zone 10 (NAD 83)
0 1
3
Qualified Person
The technical content of this news release has been reviewed by Bruce Laird, P.Geo., an independent
consulting geologist and a qualified person as defi ned in NI 43‐101 and by J.W. Morton P.Geo,
Technical Adviser to the company who takes responsibility for the content of this news..
Regional Property
Map
Surge Exploration
0 2.5 5
kilometres
10
Scale: 1:250000
Drawing:
Author: BL
Office:
Projection: UTM Zone 10 (NAD 83)
Surge Exploration
Deposit
Forestry Road
Sun Metals
Provincial Park
Teck
Kwanika Copper Corp
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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 op portunities in Chile and elsewhere in South
America.
Ontario Cobalt Properties (Cobalt):
The Company has an option to earn an undivided 60% interest in the Glencore Bucke Property and
the Teledyne Property, located in Cobalt, Ontario Canada.
Hedge Hog Property, (Copper Gold) 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 state ments which include, but are not limited to, commen ts 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.