Mr. Randall Thompson Resigns from Surge Copper’S Board of Directors
S U R G E
C O P P E R C O R P
MR. RANDALL THOMPSON RESIGNS FROM
SURGE COPPER’S BOARD OF DIRECTORS
January 31, 2020, Vancouver, British Columbia – Surge Copper Corp. (the “Company” or “Surge
Copper”) (TSX-V:SURG), announces that Mr. Randall Thompson, the current Vice President of
Operations for Imperial Metals, has tendered his resignation as a director of the Company in order
to focus his efforts on his existing commitments.
Dr. Shane Ebert, CEO of Surge Copper commented, “We thank Randall for his valued
contributions and all of us on the Surge Copper team wish him well in his future endeavors”.
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. The property contains NI 43-101 compliant resources of 224 million
tonnes in the Measured and Indicated categories with contained metals of 1.1 billion pounds of
copper and 1 million ounces of gold as summarized in the table below.
Ootsa Project Pit Constrained Mineral Resource Estimate at $8.50/t NSR Cut-off Value
Category Tonnes
(‘000’s)
CuEq
%
Cu
%
Au
g/t
Mo
%
Ag
g/t
CuEq
M lbs
Cu
M lbs
Au
K oz
Mo
M lbs
Ag
K oz
Measured 187,148 0.38 0.23 0.15 0.021 2.8 1,568 934 916 85 17,089
Indicated 37,041 0.35 0.21 0.12 0.023 2.8 286 175 146 19 3,368
M&I 224,189 0.37 0.22 0.15 0.021 2.8 1,854 1,109 1,062 104 20,457
On February 9, 2016, the Company announced a positive Preliminary Economic Assessment
(PEA) for the Ootsa Property with potential for low capital cost, low risk and rapid pay back
utilizing existing infrastructure in the district with a contract mining and toll milling scenario. The
study recommends the Company continue to advance the Ootsa Project with extended and
advanced technical studies with the intention of moving the project toward a production decision.
The current technical report supporting the resource statement and PEA is available on SEDAR or the
Company’s website at www.surgecopper.com and has an effective date of January 2016. The resource
estimate uses $8.50 per tonne NSR cut-off value. Mineral resources are not mineral reserves and by
definition do not demonstrate economic viability. There is no certainty that all or any part of the mineral
resource will be converted into mineral reserves. A ‘Measured Mineral Resource’ is that part of a mineral
resource for which quantity, grade or quality, densities, shape and physical characteristics are so well
established that they can be estimated with confidence sufficient to allow the appropriate application of
technical and economic parameters, to support production planning and evaluation of the economic
viability of the deposit. An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which
quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of
confidence sufficient to allow the appropriate application of technical and economic parameters, to support
mine planning and evaluation of the economic viability of the deposit. Copper Equivalent (CuEq)
calculations are based on base case metal price (US$3/lb Cu, US$1260/oz Au, US$10.30/lb Mo, and
US$17/oz Ag) and process recovery assumptions, and take into account smelter payable rates and refining
costs. M&I = measured and indicated. The resource update and Preliminary Economic Assessment was
completed by P&E Mining Consultants Inc. in accordance with National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by National
Instrument 43-101 and has approved the technical disclosure contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Shane Ebert”
President and Chief Executive Officer
For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
http://www.surgecopper.com
Or
Don Mosher
Corporate Development
Telephone: 604-685-6465
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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. 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 implied 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 or financing, inability to procure
equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown 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 suggests 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.