Surge Exploration 2019/2020 Plans Include a Focus on BC Gold
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
Surge Exploration 2019/2020 Plans Include a Focus on BC Gold
July 24, 2019 – Vancouver, British Columbia; – Surge Exploration Inc. (“the Company” or
“Surge”) TSX-V: SUR, OTCQB: SURJF, FRA: DJ5C) would like to provide its shareholders with
additional information regarding the history and cu rrent status of the company, as well as, its
proposed operating plan for 2020.
LETTER FROM THE PRESIDENT
TO OUR SHAREHOLDERS AND PARTNERS:
Over the course of the last year, the Company has announced several key initiatives that have resulted
in the Company becoming a land bank of key gold, copper and cobalt mineral exploration properties
in Canada. With the announcement of the refocusing of the Company on April 23, 2019 , Surge and
its management team have added several key copper‐gold mineral exploration properties in British
Columbia Canada, namely the Mineral Mountain Properties (North Central, BC) and the Trapper Lake
Properties (Golden Triangle, BC), to complement our existing BC copper‐gold property, Hedgehog ,
and our Ontario cobalt properties, Teledyne and Glencore Bucke .
Mineral Mountain Properties (Northcentral BC) Trapper Lake Properties (Golden Trian gle / Northwest BC)
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Mr. Tim Fernback, Surge President & CEO, comments “ Given the direction of the cobalt commodity
markets lately hovering at what we regard as low co mmodity prices of US$12‐15/lb, the Company
has decided to focus its resources on its Canadian copper gold properties. Management and the
Board both agree that this effort should provide the biggest opportunity for Surge shareholders going
forward. In particular, our exploration properties in British Columbia’s Omineca and Golden Triangle
Region appear to well situated given the proposed 2 019 exploration activity in the area by our
neighbours. This 2019 activity includes CAD$23.7 million to be spent by Barkerville Gold Mines
Ltd. (TSXV: BGM) nearby our Hedghog Property, CAD$5.4 million to be spent by Sun Metals Corp .
(TSXV: SUNM) nearby our Mineral Mountain Properties and a projected initial 1,000 m of drilling by
Brixton Metals Corp. (TSXV: BBB) which is nearby our Trapper Lake Properties.”
“We are very excited to acquire these key additiona l mineral claims in mining friendly British
Columbia. This area has already generated several promising projects, and is the subject of
significant interest and exploration expenditure in 2019 by many prominent exploration companies
like Sun Metals, Teck Resources, Centerra Gold, Ser engeti Resources, Barkerville Gold Mines, and
Brixton Metals Corp. Furthermore, this region is h ost to numerous operating mines, good
infrastructure including experienced exploration an d supporting services. Our exploration team
believes that this land package is strategically situated to exploit the high copper‐gold values of the
region.”
“In 2019, the Mining Journal of London gave British Columbia the title of Least Risky Global Mining
Jurisdiction and the BC government has made some bi g infrastructure investments including a
CAD$736 million investment in power line transmission to the north and made permanent a popular
flow‐through tax benefit investment incentives which encourages significant investment in
exploration. The fact that large global mining companies like Newmont Goldcorp (NYSE: NEM) are
investing large $$ to buy into the Galore Creek Partnership with Tech Resources (TSE: TECK.B) and
Newcrest Mining Limited (ASX: NCM) has invested US$806.5 million to buy 70% of the Red Chris
Mine from Imperial Metals Corp (TSX: III) inside BC’s Golden Triangle.
Furthermore Mr. Fernback states “Long‐term, the Company believes in the market for cobalt and we
will continue to explore and develop our cobalt properties in Ontario. They are great and important
Company assets because of the predicted emergence of the overall Electric Vehicle (“EV”) market. An
EV like a Tesla Model S needs 51 lbs of cobalt for its battery. Cobalt is an essential component in a
lithium ion rechargeable battery, and this technology used in all sorts of desirable consumer items
such as cars, laptops, cell phones, appliances etc. EVs are expected to drive a large part of this
increased future metal demand. Globally EVs are pr ojected to grow from a small number today to
140 million vehicles by the year 2035. China plans to ban the sale and production of gas powered
cars by the year 2040, as it grapples with ways to improve overall air quality and China is expected
to be the largest global market for EVs. As you c an see the future for cobalt is certainly bright an d
Surge management is extremely bullish on the future demand for this metal.”
We are now planning our 2019 / 2020 Canadian explor ation programs, and plan to both further
enhance and move our mineral exploration properties forward.
Thank you for joining us on this journey, and we look forward to a great 2019 and 2020.
Cheers,
Tim
Tim Fernback
President & CEO
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Qualified Person
The BC properties technical content of this news re lease dealing with the Omineca properties and
the Hedge Hog property has been reviewed by Bruce L aird, P.Geo., an independent consulting
geologist and a qualified person within the context of NI 43‐101.
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.
Golden Triangle – Trapper Lake Property (Copper Gold), British Columbia
The Company owns 100% interest in the Golden Triangle – Trapper Lake Group of 14 mineral claims
which are located in the prolific Golden Triangle R egion of northwestern British Columbia
approximately 90 km ENE from Juneau, Alaska. Surges’ staking program acquired an area of 213 sq.
km within the regionally important geological and s tructural trend. A large portion of the new
property is adjacent to the Thorn Project owned by Brixton Metal’s Corp . (“Brixton”, TSXV:
BBB) with the balance covering prospective open ground containing numerous B.C. Minfile showings
with Cu, Ag, Au values adjoining the boundaries of the Golden Bear Mine of Chevron Resources, a
480,000 oz Au past producer.
In Brixton’s news release dated July 15, 2019 ( Brixton News Release ), they reported results from drill
hole THN19‐150, which was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within
the Camp Creek copper corridor. Brixton reported a drill hole intercept of 1.97 grams per tonne gold
equivalent across 554.70 meters including 135.96M of 1.35 g/t Au, 0.31 Cu, 133.62 g/t Ag or 5.00 g/t
Aueq including 6M of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag. Structural mapping and soil‐rock
geochemistry at the Chivas zone and relogging of se lect core from the Glenfiddich zone were also
conducted as part of the overall exploration program at the Thorn Project.
Mineral Mountain Properties (Copper Gold) British Columbia
The Company owns a 100% interest in the Omineca Gro up of 12 claim blocks which are located 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 royal ty 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 recorded on several claims with results for stream
sediment sampling showing anomalous to highly anoma lous 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.
Prominent among early discoveries in the Omineca re gion were the nearby Lustdust/Stardust
property ( Sun Metals Corp. TSXV: SUNM ) covering a large, coherent integrated porphyry‐sk arn‐
manto, epithermal system; the Kwanika property ( Serengeti 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 copper gold NI 43‐101 compl iant resource. The
Surge tenures are located between the Kemess North project being developed by Centerra Gold ’s
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subsidiary Aurico Metals and Centerra Gold’s operation Mt Milligan mine.
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.
Ontario Cobalt Properties (Cobalt) Ontario
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.
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 r elease 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.