Surge Successfully Sells its Trapper Lake Land Positions to Brixton Metals
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
Surge Successfully Sells its Trapper Lake Land Positions
to Brixton Metals
Vancouver, BC – January 6, 2020 – Surge Exploration Inc. (“the Company” or “Surge”) (TSXV: SUR,
OTC: SURJF, FRA: DJ5C) announces that pursuant to a Purchase and Sale Agreement with Brixton
Metals Corp. (“Brixton”) the Company has sold its Trapper Lake mineral claims, consisting of an area
of 32,616 hectares, located in the Sutlahine River area of northwestern British Columbia (northern
tip of British Columbia’s famed Golden Triangle) for 350,000 shares of Brixton. The Trapper Lake
property adjoins the Thorn Project owned by Brixton.
A finder’s fee may be paid in connection with the sale of the claims. The finder’s fee is subject to TSX
Venture Exchange approval.
Tim Fernback, President & CEO of Surge Exploration states “We are very pleased to prove out our
business model of finding great properties and then selling them to strategic investors. This land
bank concept has great economic potential for our shareholders. By strategically selling these
mineral claims to Brixton, we become an equity owner in Brixton going forward and this is a good
win for our shareholders.”
Surges’ 2019 mineral staking program acquired an area of 213 sq. km within this regionally
important geological and structural trend with a large portion of the mineral claims being adjacent
to Brixton’s Thorn Project 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. Structural
mapping and soil‐rock geochemistry at the Chivas zone and relogging of select core from the
Glenfiddich zone were also conducted. The objective of the program was to test for porphyry
mineralization at depth at the Oban zone and to refine the two porphyry targets, Chivas and Camp
Creek, for the next round of drilling.
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Map of Properties Sold to Brixton
Qualified Person
J.W. (Bill) Morton, professional geoscientist, a qualified person within the context of National
Instrument 43‐101, has reviewed this news release and concludes it correctly reflects information as
reported in the various news releases and assessment reports from which it was derived and
approves the scientific and technical disclosure cited in the news release.
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.
Vancouver Island Caledonia (Poly Metallic) Project, British Columbia
Surge Exploration Inc. has entered into a Property Option Agreement to acquire a 100% interest in
seven (7) mineral claims known as the Caledonia, Cascade and Bluebell, subject to a NSR between
1‐2%. Located in the Nanaimo Mining District of northern Vancouver Island, the claims are adjacent
to the joint venture partnership between Freeport-McMoRan and Northisle Copper and Gold
Inc. Under the terms of this joint venture partnership agreement, Freeport-McMoRan can earn up
to a 65% with C$24 million in exploration expenditures over seven years. Freeport-McMoRan is
currently one of the world’s largest copper producers.
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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.
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 m