Surge Copper Announces Acquisition of Additional Claims in Huckleberry District and Appointment of New Board Chair
PO Box 10351 888-700 West Georgia Street, Vancouver, BC, Canada, V7Y 1G5
www.surgecopper.com
TSX-V: SURG
OTCQX: SRGXF
Frankfurt: G6D2
Telephone: +1 (604) 781-5454
Email: [email protected]
September 28, 2021
NEWS RELEASE
Surge Copper Announces Acquisition of Additional Claims in Huckleberry District and
Appointment of New Board Chair
September 28, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV: SURG)
(OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce that
it has executed a definitive asset purchase agreement to acquire a 100% interest in the Sylvia
mineral claims located in the northern area of the Huckleberry district in central British Columbia,
contiguous with the Berg Property and the Company’s other 100% owned claims in the area (see
Figure 1).
The Sylvia claims host an underexplored porphyry target consisting of a 500 by 2,000 metre
sulfide alteration zone that straddles the south contact of a granodiorite stock. Historical drilling in
1974 by Hudson Bay Oil and Gas Company Ltd. intercepted 63 metres grading 0.33% copper
and 0.02% molybdenum, starting at 9.1 metres downhole, with the hole ending in mineralization
(BC Assessment Report 5213). The claim area was also included in the recently completed
district-wide airborne geophysical survey, allowing the Company to accelerate its exploration
planning in the area. The Sylvia claims comprise two mineral claims totalling approximately 572
hectares. Under the terms of the agreement, Surge will issue to three vendors a total of 390,000
common shares and will grant the vendors a 2% net smelter return royalty on the claims, subject
to a perpetual buyback right on half of the royalty for C$1 million. The terms of the agreement and
issuance of Surge shares are subject to TSX Venture Exchange approval, and the shares will be
subject to a statutory four-month hold period.
The acquisition of these claims provides the Company with another quality porphyry exploration
target with known copper mineralization within this highly prospective porphyry district. The Sylvia
claims occur in relatively flat, low-lying terrain with direct road access, allowing for low cost and
potentially year-round exploration of the target.
Surge Copper Corp. 2
Figure 1. Ootsa-Berg regional claim map showing newly acquired Sylvia claims.
Appointment of New Board Chair
The Company is also pleased to announce the appointment of Christian Kargl-Simard as Non-
Executive Chairman of the Board. Christian has served as a director of Surge since the
September 2020 recapitalization of the Company and has played an important role in the
development of the business over the last twelve months. Christian has served as President, CEO,
and director of Adventus Mining Corporation since December 2016. Patrick Glazier, who has
served as Chairman of the Company since 2016, remains an independent director of the
Company.
Christian Kargl-Simard commented: “It’s an honour to be appointed as Chairman of Surge, and
to be working with such a high-calibre board. In just one year the business has advanced rapidly,
having raised over C$20 million in new equity, completed several district consolidation deals
including the Berg transaction, and drilled over 44,000 metres. This district is one of the most
prospective for copper in British Columbia, and we look forward to making new discoveries on the
back of our district-wide geophysical survey, and working to realize the mining potential of our
resources.”
Qualified Person
Surge Copper Corp. 3
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.
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 NI 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”
CEO and Director
For Further information, please contact:
Telephone: +1 604 416 2978
http://www.surgecopper.com
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 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, 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
Surge Copper Corp. 4
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.