Surge Copper Intersects 368 metres of 0.58% CuEq
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]
March 21, 2022
NEWS RELEASE
Surge Copper Intersects 368 metres of 0.58% CuEq
including 110 metres of 0.64% CuEq at Berg
March 21, 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 the final 2 holes from the 2021 program at the Berg Deposit located on the Berg
Property in British Columbia. The Company has a right to earn a 70% interest in the Berg Property
from Centerra Gold. The Company completed 9 drill holes at Berg in 2021. Results from the first
3 holes were released on March 8, 2022, and results from 4 additional holes were released on
March 17, 2022.
Highlights
• Hole BRG21-241 intersected 146 metres grading 0.52% copper equivalent from 20
metres downhole including 22 metres grading 1.04% copper equivalent within a larger
zone of 68 metres grading 0.79% copper equivalent within the main chalcocite blanket
• Hole BRG21-242 intersected 368 metres grading 0.58% copper equivalent from 28
metres downhole depth with the hole ending in mineralization
• Hole BRG21-242 intersected higher grade mineralization within the chalcocite blanket
returning 110 metres grading 0.64% copper equivalent including 44 metres grading 0.76%
copper equivalent
• Drilling on section B-B’ occurs between widely spaced historic drill holes and has extended
near-surface high-grade mineralization further south than previously modeled
Drill holes BRG21-241 and 242 contained in this release were drilled in the southern portion of
the Berg deposit and are shown on section B-B’. These holes were designed to test the expansion
potential of chalcocite blanket style mineralization between widely spaced historic drill holes. The
holes successfully intersected high-grade near-surface mineralization and have extended the
known high grade further south than previously modeled . The Company will incorporate the
Surge Copper Corp. 2
results from the 2021 drilling into the Berg geological model which will assist in planning additional
exploration holes.
Leif Nilsson, Chief Executive Officer, commented: “ The 2021 drill program at Berg was focused
on two of the known areas within the large Berg deposit that host sizeable zones of higher-grade
material both within the closer-to-surface secondary enrichment zone as well as the deeper
primary mineralization. Drill holes were planned to test volumes in these areas with sparse
historical data, as well as to try to extend some of these high-grade zones laterally. All 9 holes
encountered long intervals of mineralization, with several holes intersecting broad zones of high-
grade, and bottoming in mineralization. Hole BRG21-242 in particular , drilled into a 150 metre
wide circular gap in historical drilling, was one of the strongest results of the program and
combined with hole BRG21-241, represents a significant extension of high-grade mineralization
along this section. In addition, silver grades were consistently strong across most holes. In the
context of a drillhole database that spans as far back as the 1960s , and that was inconsistently
sampled for precious metals , these results provide excellent validation of the size and tenor of
the Berg Deposit. Given the strong results from this drill program, additional holes may be planned
that seek to optimize and improve the drill hole database and resource block model in targeted
areas.”
Details of Holes BRG21-241 to 242
Assay results have been received for holes BRG21-241 and 242 located in the southern part of
the Berg deposit along cross-section B-B’. Hole BRG21-241 was angled away from the central
Berg Intrusion and encountered leached cap from the start of bedrock at 6 metres to 20 metres
downhole. The chalcocite enrichment blanket was encountered from 20 to 90 metres downhole
returning 68 metres grading 0.58% copper, 0.038% molybdenum, and 6.0 g/t silver (0.79% copper
equivalent). The chalcocite blanket includes a higher grade zone returning 22 metres grading
0.85% copper, 0.024% molybdenum, and 8.2 g/t silver (1.04% copper equivalent).
Hole BRG21-242 was angled toward the central Berg Intrusion and encountered 22 metres of
leached cap from 6 to 28 metres downhole. The hole returned 368 metres grading 0.37% copper,
0.039% molybdenum, and 5.5 g/t silver (0.58% copper equivalent) from 28 metres to the end of
the hole at 368 m etres and the hole ended in mineralization. Hole BRG21 -242 intersected 110
metres of chalcocite blanket grading 0.51% copper, 0.021% molybdenum, and 3.9 g/t silver (0.64%
copper equivalent) from 28 to 138 metres downhole, including 44 metres grading 0.62% copper,
0.019% molybdenum, and 4.4 g/t silver (0.76% copper equivalent) from 52 metres depth.
Section B-B’ shows a strong c halcocite blanket 250 metres wide and around 100 metres thic k
(see Figure 2).
Summary of Significant Assay Results for Berg Holes BRG21-241 and 242
Drill Hole From
(m)
To (m) Width (m)1 CuEq (%)2 Cu (%) Mo (%) Au (g/t) Ag
(g/t)
Comments
BRG21-241 20 166 146 0.52 0.40 0.014 0.02 6.5
including 22 90 68 0.79 0.58 0.038 0.03 6.0 Chalcocite
blanket
including 30 52 22 1.04 0.85 0.024 0.04 8.2 Chalcocite
blanket
BRG21-242 28 396 368 EOH 0.58 0.37 0.039 0.03 5.5
Surge Copper Corp. 3
including 28 138 110 0.64 0.51 0.021 0.03 3.9 Chalcocite
blanket
including 52 96 44 0.76 0.62 0.019 0.04 4.4 Chalcocite
blanket
1. Width refers to drill hole intercepts; true widths have not been determined. EOH = end of hole.
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$3.50/lb copper, US$1,800/oz gold, US$12/lb molybdenum, and US$22/oz silver, using the
formula CuEq % = Cu % + (Au g/t x 0.750) + (Mo % x 3.43) + (Ag g/t x 0.0092).
Figure 1. Berg drill hole location map.
Surge Copper Corp. 4
Figure 2. Berg deposit cross-section B-B’ showing results for holes BRG21-241 and 242.
See Figure 1 for section location.
Surge Copper Corp. 5
Figure 3. Current Berg resource block model showing constraining pit and grade shells
(See March 17, 2021 press release for details).
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 3 3 additional elements
are analyzed by Induced Coupled Plasma (ICP) utilizing 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.
Management Update
The Company wishes to announce that Taryn Downing will be retiring as Corporate Secretary at
the end of March 2022. Chantelle Collins, Chief Financial Officer, will be assuming the role of
Corporate Secretary. The Company thanks Taryn for her many years of service to Surge and
wishes her the best in her retirement.
Upcoming Catalysts
Surge Copper Corp. 6
The Company anticipates updating the market on results from the following activities:
• Resource update for the Ootsa project
• Inversion and targeting results from regional airborne geophysics, and update on regional
exploration pipeline
• Results from the West Seel metallurgical testwork program
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.
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 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 constrai ned 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accept 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.
Surge Copper Corp. 7
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, a re 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.