Surge Copper Intersects 80 metres of 1.2% CuEq including 32 metres of 2.0% CuEq at the Seel Breccia Zone
PO Box 10351 888-700 West Georgia Street, Vancouver, BC, Canada, V7Y 1G5
www.surgecopper.com
TSX-V Trading Symbol: SURG
OTCQX: SRGXF
Frankfurt Trading Symbol: G6D2
Telephone: +1 (604) 781-5454
Email: [email protected]
February 23, 2022
NEWS RELEASE
Surge Copper Intersects 80 metres of 1.2% CuEq including 32 metres of 2.0% CuEq
at the Seel Breccia Zone
February 23, 2022, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG)
(OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce
complete assay results for 13 holes from the Seel Breccia Zone at the Company’s 100% owned
Ootsa Property in British Columbia. The Seel Breccia Zone is located 200 metres north of the
East Seel deposit and is known to contain high-grade copper and silver mineralization that
extends from surface along a series of steeply dipping brecciated zones. Drilling during the
summer 2021 program encountered this style of breccia mineralization in stepouts to the north,
east and west of the known zone, and this release contains the fourth and final batch of results
from follow-up drilling in this area. The first, second, and third batches of results were released
on December 7, 2021, January 11, 2022, and February 1, 2022, respectively.
Highlights
Hole S21-314, the last hole of the 2021 S eel Breccia drilling program, intersected 80
metres grading 1.16% copper equivalent from 22 metres downhole depth, including 32
metres grading 2.02% copper equivalent
Hole S21-311 intersected 40 metres grading 0.81% copper equivalent from 82 metres
downhole depth, including 10 metres grading 1.43% copper equivalent
Hole S21-312 intersected 33.3 metres grading 1.05% copper equivalent from 10.7
metres downhole depth, including 22 metres grading 1.30% copper equivalent
Hole S21-310 intersected 34 metres grading 0.73% copper equivalent from 72 metres
downhole depth, including 6 metres grading 1.57% copper equivalent
Shane Ebert, President and VP Exploration, commented: “ Holes S21-313, 314, and S06-42
define a zone of high-grade breccia-style mineralization that starts near surface, is over 100
metres wide, approaches 100 metres deep, and stands out as the widest zone of breccia-style
mineralization along the 300 metre known strike length. We are very encouraged to see these
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high copper and silver grades hold together over a sizable area reinforcing our objective of
identifying potential near-surface high-grade starter material.”
Assay results have been received for 13 holes from the Seel Breccia Zone including holes S21-
279, 292, 303, and 305 to 314. These are the final assay results from the 2021 drilling program
at the Seel Breccia Zone. Twelve of the 13 drill holes intersected mineralization with 7 holes hitting
high grades over downhole widths of 18 to 80 metres. Significant results are summarized in the
table below. Hole locations and orientations are shown on the drill hole map and select holes are
illustrated on the cross-sections below.
Holes S21-313 and 314 were located from the same pad near the eastern end of the Seel Breccia
Zone and demonstrate a sizable coherent zone of high grade approximately 100 metres wide that
starts near surface and extends to depths approaching 100 metres (see Figure 2). Hole S21-314
intersected 80 metres grading 0.89% copper and 22.8 g/t silver (1.16% copper equivalent) from
22 metres downhole, including 32 metres grading 1.58% copper and 39.1 g/t silver (2.02% copper
equivalent). Hole S21-313 intersected 48 metres grading 1.06% copper and 24.7 g/t silver (1.55%
copper equivalent) from 10 metres downhole, including 24 metres grading 1.74% copper and 42.3
g/t silver (2.63% copper equivalent).
Holes S21-279, 292, and 307 to 312 are located in the central part of the Seel Breccia Zone and
drilled at varying dips and azimuths with some holes intersecting the main breccia zone and some
drilled away from the zone and not testing it. Figure 3 shows a cross-section through the zone
defining a near-surface zone of high-grade mineralization exceeding 50 metres wide and
extending to roughly 75 metres depth. Several holes tested the zone below 75 metres depth and
encountered either no mineralization or mineralization over narrow widths indicating the zone may
pinch out at depth in this area. Results from these holes are highlighted by hole S21-310 which
intersected 34 metres grading 0.56% Cu and 9.7 g/t silver (0.73% copper equivalent) from 72
metres downhole, hole S21-311 which intersected 40 metres grading 0.59% Cu and 16.9 g/t silver
(0.81% copper equivalent) from 82 metres downhole, and hole S21-312 which intersected 33.3
metres grading 0.78% Cu and 21.6 g/t silver (1.05% copper equivalent) from 10.7 metres
downhole.
Hole S21-303, 305, and 306 were collared well south of the Breccia Zone and tested it at depth.
These holes confirm the Breccia Zone narrows below 100 metres vertical depth, consistent with
other parts of the deposit.
The Seel Breccia is a near-vertical to steeply south-dipping breccia body ranging from 25 to 100
metres wide, extending to depths up to 100 metres below surface, and having a known strike
length of 300 metres. Smaller parallel and irregular breccia bodies locally surround the main zone.
Drilling during the 2021 field season has significantly expanded near-surface high-grade
mineralization well beyond the zone of historical drilling, and the area is being evaluated for its
potential as a high-grade starter pit.
Results for nine core holes are also pending from the Company’s 2021 Berg drill program.
Summary of Assay Results for Selected Holes
Drill
Hole
From
(m)
To (m) Width
(m)1
CuEq
(%)2
Cu (%) Au (g/t) Ag (g/t)
S21-279 10 26 16 0.24 0.14 0.08 3.9
S21-279 58 70 12 0.24 0.18 0.00 5.0
S21-279 78 108 30 0.17 0.11 0.02 3.7
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S21-292 146 164 18 0.49 0.34 0.02 12.2
including 146 152 6 0.99 0.70 0.01 26.6
S21-303 232 240 8 0.29 0.22 0.01 6.7
S21-305 164 166 2 1.19 0.90 0.01 26.6
S21-306 212 214 2 0.36 0.29 0.00 5.9
S21-307 158 170 12 0.19 0.13 0.00 6.3
S21-309 44 70 26 0.58 0.42 0.05 10.3
including 46 50 4 0.99 0.74 0.03 20.0
S21-310 72 106 34 0.73 0.56 0.07 9.7
including 72 78 6 1.57 1.32 0.01 22.0
including 96 106 10 1.17 0.88 0.15 15.4
S21-311 82 122 40 0.81 0.59 0.04 16.9
including 86 96 10 1.43 1.08 0.06 28.8
including 112 122 10 1.42 1.05 0.05 30.6
S21-312 10.7 44 33.3 1.05 0.78 0.04 21.6
including 22 44 22 1.30 1.00 0.03 25.0
S21-313 10 58 48 1.55 1.06 0.26 24.7
including 18 42 24 2.63 1.74 0.50 42.3
S21-314 22 102 80 1.16 0.89 0.03 22.8
including 30 62 32 2.02 1.58 0.03 39.1
including 78 84 6 1.61 1.25 0.02 32.2
1. Width refers to drill hole intercept s; true widths have not been determined.
2. CuEq (copper equivalent) has been used to express the combined value of copper, gold,
molybdenum, and silver as a percentage of copper, and is provided for illustrative purposes only
and to provide ease of comparison. No allowances have been made for recovery losses that may
occur should mining eventually result. Calculations use metal prices of US$3.00/lb copper,
US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver, using the formula CuEq % =
Cu % + (Au g/t x 0.875) + (Mo % x 3.33) + (Ag g/t x 0.0107).
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Figure 1. Drill hole location map for the Seel Breccia Zone.
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Figure 2. Seel Breccia Zone cross-section B7-B7’ showing results for holes S21-311, 313,
and 314. See Figure 1 for section location.
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Figure 3. Seel Breccia Zone cross-section B3-B3’ showing results for holes S21-276, 281,
282, 292, 295, 296, 304, 307, 308, and 311. See Figure 1 for section location.
West Seel Metallurgical Testwork Program
The Company has commenced a metallurgical testwork program focused on multiple composite
samples from the West Seel deposit. This program will be conducted by ALS Metallurgy at their
laboratory facility in Kamloops, British Columbia, and will build upon the results of prior testwork
programs completed on samples from the Ootsa Pr operty from 2012 to 2014. Further details on
the testwork program will be provided as the program progresses and results become available.
Quality Control
All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is
bagged and sent to ALS Geochemistry in Kamloops, British Columbia for analysis (which is
ISO/IEC 17025 accredited), while the other half is archived and stored on site for verification and
reference purposes. Gold is assayed using a 30g fire assay method and 33 additional elements
are analyzed by Induced Coupled Plasma (ICP) ut ilizing a 4-acid digestion. Duplicate samples,
blanks, and certified standards are included with every sample batch and then checked to ensure
proper quality assurance and quality control.
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Qualified Person
Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa and Berg projects as defined by
National Instrument 43-101 and has approved the technical disclosure contained in this news
release.
Upcoming Catalysts
The Company anticipates updating the market on results from the following activities:
Drill results from 9 drill holes from 2021 Berg drill program
Resource update for the Ootsa project
Inversion and targeting results from r egional airborne geophysics, and update on regional
exploration pipeline
Results from the West Seel metallurgical testwork program
About Surge Copper Corp.
The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project
containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit
Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit constrained
NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured and
Indicated categories.
The Company is also earning into a 70% interest in the Berg Property from Centerra Gold. Berg
is a large, advanced stage exploration project located 28 km northwest of the Ootsa deposits.
Berg contains pit constrained 43-101 compliant resources of copper, molybdenum, and silver in
the Measured and Indicated categories. Combined, the adjacent Ootsa and Berg properties give
Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four
advanced porphyry deposits.
On Behalf of the Board of Directors
“Leif Nilsson”
Chief Executive Officer
For Further information, please contact:
Riley Trimble, Corporate Communications & Development
Telephone: +1 604 416 2978
Email: [email protected]
Twitter: @SurgeCopper
LinkedIn: Surge Copper Corp
https://www.surgecopper.com
Surge Copper Corp. 8
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 contains forward-looking statements, which relate to future events. In some
cases, you can identify forward-looking statements by terminology such as "will", "may", "should",
"expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology.
All statements included herein, other than statements of historical fact, are forward looking
statements, including but not limited to the Company’s plans regarding the Berg Property and the
Ootsa Property. These statements are only predictions and involve known and unknown risks,
uncertainties and other factors that may cause the Company’s actual results, level of activity,
performance, or achievements to be materially different from any future results, levels of activity,
performance, or achievements expressed or impli ed by these forward-looking-statements. Such
uncertainties and risks may include, among others, actual results of the Company's exploration
activities being different than those expected by management, delays in obtaining or failure to
obtain required government or other regulatory approvals, the ability to obtain adequate financing
to conduct its planned exploration programs, inability to procure labour, equipment and supplies
in sufficient quantities and on a timely basis, equipment breakdown, impacts of the current
coronavirus pandemic, and bad weather. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith, and reflect the Company's
current judgment regarding the direction of its business, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections, assumptions, or other future
performance suggestions herein. Except as required by applicable law, the Company does not
intend to update any forward-looking statements to conform these statements to actual results.